EQT Corporation (NYSE:EQT) Q 2024 Earnings Conference Call July 24, 2024 10:00 AM ET

Company Participants

Cameron Horwitz - Managing Director, Investor Relations and Strategy
Toby Rice - President and Chief Executive Officer
Jeremy Knop - Chief Financial Officer

Conference Call Participants

Arun Jayaram - J.P. Morgan
Doug Leggate - Wolfe Research
Neil Mehta - Goldman Sachs
Scott Hanold - RBC Capital Markets Corp.
Josh Silverstein - UBS
Roger Read - Wells Fargo
David Deckelbaum - TD Cowen
Kevin MacCurdy - Pickering Energy Partners
Jake Roberts - Tudor, Pickering, Holt & Co.
Michael Scialla - Stephens
Noel Parks - Tuohy Brothers

Operator

Thank you for standing by. And welcome to the EQT Second Quarter 2024 Results Conference Call. [Operator Instructions]

I now like to turn the call over to Cameron Horwitz, Managing Director, Investor Relations and Strategy. You may begin.

Cameron Horwitz

Good morning and thank you for joining our second quarter 2024 earnings results conference call. With me today are Toby Rice, President and Chief Executive Officer; and Jeremy Knop, Chief Financial Officer. In a moment, Toby and Jeremy will present their prepared remarks with a question-and-answer session to follow. An updated investor presentation has been posted to the Investor Relations portion of our website and we will reference certain slides during today’s discussion. A replay of today’s call will be available on our website beginning this evening.

I’d like to remind you that today’s call may contain forward-looking statements. Actual results and future events could materially differ from these forward-looking statements because of the factors described in yesterday’s earnings release, in our investor presentation, the Risk Factors section of our most recent Form 10-K and Form 10-Q and in subsequent filings we make with the SEC. We do not undertake any duty to update any forward-looking statements. Today’s call also contains certain non-GAAP financial measures. Please refer to our most recent earnings release and investor presentation for important disclosures regarding such measures, including reconciliations to the most comparable GAAP financial measures.

With that, I will turn the call over to Toby.

Toby Rice

Thanks Cam, and good morning, everyone. This week marked a significant milestone in the history of our company as we closed the acquisition of Equitrans Midstream transforming EQT into America's only large-scale, vertically integrated natural gas business. To put the significance of our combined companies into perspective, EQT's assets now encompass nearly 2 million acres of leasehold, producing more than 6 Bcfe per day with almost 4,000 low-cost remaining drilling locations, more than 2,000 miles of gathering lines with greater than 8 Bcfe per day of throughput, nearly 500 miles of water lines, 43 Bcfe of natural gas storage, 800,000 horsepower of compression, almost 950 miles of critical transmission infrastructure, plus the newly commissioned 300-mile Mountain Valley Pipeline, all of which are located at the Gateway of Appalachia, and ideally positioned to serve growing U.S. and international natural gas demand for decades to come.