W&T Offshore, Inc. (NYSE:WTI) Q4 2023 Earnings Conference Call March 6, 2024 10:00 AM ET
Company Participants
Al Petrie - Investor Relations Coordinator
Tracy Krohn - Founder, Chairman and Chief Executive Officer
Conference Call Participants
John White - ROTH Capital Partners
Derrick Whitfield - Stifel
Jeffrey Robertson - Water Tower Research
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the W&T Offshore Fourth Quarter and Full Year 2023 Conference Call. During today's call, all parties will be in a listen-only mode. Following the company's prepared remarks, the call will be opened for questions-and-answers. [Operator Instructions] This conference is being recorded and a replay will be made available on the company's website following the call.
I would now like to turn the conference over to Al Petrie, Investor Relations Coordinator. Please go ahead.
Al Petrie
Thank you, MJ, and on behalf of the management team, I'd like to welcome all of you to today's conference call to review W&T Offshore's Fourth Quarter and Full Year 2023 Financial and Operational Results.
Before we begin, I'd like to remind you that our comments may include forward-looking statements. It should be noted that a variety of factors could cause W&T's actual results to differ materially from the anticipated results or expectations expressed in these forward-looking statements.
Today's call may also contain certain non-GAAP financial measures. Please refer to the earnings release that we issued yesterday for disclosures on forward-looking statements and reconciliations of non-GAAP measures.
With that, I'd like to turn the call over to Tracy Krohn, our Chairman and CEO.
Tracy Krohn
Thanks, Al. Good day all and thanks for joining us for our year-end 2023 conference call. With me today are William Williford, our Executive Vice President and Chief Operating Officer; Sameer Parasnis, our Executive Vice President and Chief Financial Officer; and Trey Hartman, our Vice President and Chief Accounting Officer. They are all available to answer questions later during the call.
So in 2023, we continued to deliver strong results while executing on our strategic vision. Our proven strategy is simple and effective. We focus on generating free cash flow, maintaining and optimizing our high-quality conventional assets and opportunistically capitalizing on accretive opportunities to build shareholder value.
We have a strong balance sheet and continue to build cash on hand. We have generated positive free cash flow every quarter for the past six years because we know that cash flow is paramount to our success.