Magnolia Oil & Gas Corporation (NYSE:MGY) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET

Company Participants

Tom Fitter - IR
Christopher Stavros - President and CEO
Brian Corales - SVP and CFO

Conference Call Participants

Neal Dingmann - SunTrust
Phillips Johnston - Capital One
Zachary Parham - JPMorgan
Carlos Escalante - Wolfe Research.
Oliver Huang - Tudor Pickering Holton Company
Noah Hungness - Bank of America
Paul Diamond - Citi

Operator

Good morning, everyone, and thank you for participating in Magnolia Oil & Gas Corporation's Second Quarter 2024 Earnings Conference Call. My name is Megan, and I will be your moderator for today's call. [Operator Instructions]

I will now turn the call over to Magnolia's management for their prepared remarks, which will be followed by a brief question-and-answer session.

Tom Fitter

Thank you, Megan, and good morning, everyone. Welcome to Magnolia Oil & Gas' second quarter earnings conference call. Participating on the call today are Chris Stavros, Magnolia's President and Chief Executive Officer; and Brian Corales, Senior Vice President and Chief Financial Officer.

As a reminder, today's conference call contains certain projections and other forward-looking statements within the meaning of the federal securities laws. These statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in these statements. Additional information on risk factors that could cause results to differ is available in the company's annual report on Form 10-K filed with the SEC. A full safe harbor can be found on Slide two of the conference call slide presentation with the supplemental data on our website. You can download Magnolia's second quarter 2024 earnings press release as well as the conference call slides from the Investors section of the company's website at www.magnoliaoilgas.com.

I will now turn the call over to Mr. Chris Stavros.

Christopher Stavros

Thanks, Tom, and good morning, everyone. We appreciate you joining us today for a discussion of our second quarter 2024 financial and operating results. I will provide some comments on our quarterly results, which demonstrate the continued execution of our full year 2024 plan and consistency of our business model.

I'll also briefly discuss a smooth integration of our recent bolt-on acquisition in Giddings, and provide an update on the progress of our field-level cost reduction initiatives, which have shown some positive early results. Brian will then review our second quarter financial results in greater detail and provide some additional guidance before we take your questions.