Chesapeake Energy Corporation (NASDAQ:CHK) Q2 2024 Earnings Conference Call July 30, 2024 9:00 AM ET

Company Participants

Chris Ayres - Vice President, Investor Relations and Treasurer
Nick Dell'Osso - President and Chief Executive Officer
Mohit Singh - Executive Vice President and Chief Financial Officer
Josh Viets - Executive Vice President and Chief Operating Officer

Conference Call Participants

Bertrand Donnes - Truist
Douglas Leggate - Wolfe Research
Neil Mehta - Goldman Sachs
Zachary Parham - JPMorgan
Charles Meade - Johnson Rice
Betty Jiang - Barclays
Joshua Silverstein - UBS
Phillips Johnston - Capital One
Paul Diamond - Citi

Operator

Good morning, and welcome to the Chesapeake Energy Corporation Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference to Chris Ayres, VP of Investor Relations and Treasurer. Please go ahead.

Chris Ayres

Thank you. Good morning, everyone, and thank you for joining our call to discuss Chesapeake's second quarter 2024 financial and operating results. Hopefully, you've had a chance to review our press release and the updated investor presentation we posted to our website yesterday.

During this morning's call, we will be making forward-looking statements, which consist of statements that cannot be confirmed by reference to existing information, statements regarding our beliefs, goals, expectations, forecasts, projections and future performance and the assumptions underlying such statements.

Please note there are a number of factors that will cause actual results to differ materially from our forward-looking statements, including factors identified and discussed in our press release yesterday and in other SEC filings. Please also recognize that as except as required by applicable law, we undertake no duty to update any forward-looking statements, and you should not place undue reliance on such statements.

We may also refer to some non-GAAP measures, which will help facilitate comparisons across periods and with peers. For any non-GAAP measure, we use a reconciliation to the nearest GAAP measure, which can be found on our website.

With me on the call today are Nick Dell'Osso, Mohit Singh and Josh Viets. Nick will give a brief overview of our results, and then we'll open up the teleconference to Q&A.

So with that, thank you again and now turn the time over to Nick.

Nick Dell'Osso

Good morning. Thank you for joining us today. We are pleased with our quarterly results, which further demonstrate that our strategy designed to provide the greatest level of flexibility to manage unpredictable market conditions is working. And we are achieving meaningful improvements in capital efficiency and reductions in operating costs, which we believe will be durable when prices recover.