Crescent Energy Company (NYSE:CRGY) Q1 2024 Earnings Conference Call May 7, 2024 11:00 AM ET
Company Participants
Reid Gallagher - Principal, Investor Relations
David Rockecharlie - CEO
Brandi Kendall - CFO
Conference Call Participants
Neal Dingmann - Truist Securities
Oliver Huang - TPH
Jarrod Giroue - Stephens
John Freeman - Raymond James
Hanwen Chang - Wells Fargo
Nevin Mathew - JPMorgan
Operator
Greetings and welcome to Crescent Energy Q1 2024 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Mr. Reid Gallagher, Investor Relations. Thank you, Mr. Gallagher, you may begin.
Reid Gallagher
Good morning and thank you for joining Crescent's First Quarter 2024 Conference Call. Our prepared remarks today will come from our CEO, David Rockecharlie; and CFO, Brandi Kendall. Our Chief Accounting Officer, Todd Falk; and our Executive Vice President of Investments, Clay Rynd, will also be available during Q&A.
Today's call may contain projections and other forward-looking statements within the meaning of the federal securities laws. These statements are subject to risks and uncertainties, including commodity price volatility, global geopolitical conflict, our business strategies and other factors that may cause actual results to differ from those expressed or implied in these statements and our other disclosures. We have no obligation to update any forward-looking statements after today's call.
In addition, today's discussion may include disclosure regarding non-GAAP financial measures. For a reconciliation of historical non-GAAP financial measures to the most directly comparable GAAP measure, please reference our 10-Q and earnings press release available on our website.
With that, I will turn it over to our CEO. David?
David Rockecharlie
Good morning and thank you for joining us. We have another great quarter to go over today, and we are eager to get started. Before we get into the details, I want to begin with a few things I hope you all take away from this call.
Number one, 2024 is off to a great start. We continue to execute our consistent strategy, doing what we said we would do. Our scaled, low-decline production base is generating significant free cash flow, which we are returning to our shareholders. We are reinvesting in proven high-return capital projects and our attractive long-life development inventory. We are actively focused on our returns-driven M&A strategy through accretive acquisitions and opportunistic divestitures to compound capital for our investors and further enhance our portfolio. And we have delivered on our goals in the capital markets, improving the float and trading liquidity of our business, enhancing our peer-leading return of capital framework and maintaining our balance sheet strength.