EQT Corp (EQT) Q1 2023 Earnings Call Transcript

EQT Corp (NYSE:EQT) Q1 2023 Earnings Conference Call April 27, 2023 10:00 AM ET

Company Participants

Cameron Horwitz - MD, IR & Strategy

Toby Rice - President, CEO & Director

David Khani - EVP, CFO & Principal Financial Officer

Conference Call Participants

Arun Jayaram - JPMorgan Chase & Co.

Umang Choudhary - Goldman Sachs Group

John Abbott - Bank of America Merrill Lynch

David Deckelbaum - TD Cowen

Paul Diamond - Citigroup

Noel Parks - Tuohy Brothers

Josh Silverstein - UBS

Operator

Good morning or good afternoon, and welcome to the EQT Q1 Results Conference Call. My name is Adam, and I'll be your operator for today. [Operator Instructions]. I will now hand the floor over to Cameron Horwitz, Manging Director of IR and Strategy. Cameron, ready when you are.

Cameron Horwitz

Good morning, and thank you for joining our first quarter 2023 results conference call. With me today are Toby Rice, President and Chief Executive Officer; and David Khani, Chief Financial Officer. The replay for today's call will be available on our website beginning this evening. In a moment, Toby and Dave 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.

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 and our investor presentation, in the Risk Factors section of our Form 10-K and in subsequent filings we make with the SEC. We do not undertake any duty to update any forward-looking statements.

Today's call may also contain 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'll turn the call over to Toby.

Toby Rice

Thanks, Cam, and good morning, everyone. While the current natural gas macro environment has created some headwinds for U.S. natural gas producers at large, the price pullback is reinforcing EQT's confidence in our corporate strategy and illuminating several facets of differentiation relative to our peers. A key pillar of distinction has been EQT's M&A strategy where we have taken a disciplined approach to acquisitions specifically focused on assets that lower our cost structure.