EQT - EQT Corporation (EQT) Q4 2023 Earnings Call Transcript
2024-02-14 14:26:05 ET
EQT Corporation (EQT)
Q4 2023 Earnings Conference Call
February 14, 2024 10:00 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 - JPMorgan
Sam Margolin - Wolfe Research
John Abbott - Bank of America
David Deckelbaum - TD Cowen
Kevin MacCurdy - Pickering Energy Partners
Ati Modak - Goldman Sachs
Scott Hanold - RBC Capital Markets
Josh Silverstein - UBS
Paul Diamond - Citi
Presentation
Operator
Hello and thank you for standing by. My name is Regina and I will be your conference operator today. At this time, I would like to welcome everyone to the EQT Fourth Quarter 2023 Quarterly Results Conference Call. [Operator Instructions] I would now like to turn the conference over to Cameron Horwitz, Managing Director of Investor Relations and Strategy. Please go ahead.
Cameron Horwitz
Good morning and thank you for joining our fourth quarter and year end 2023 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 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 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. Coming into 2023, I sat down with our leadership team and we set our overarching corporate mission and goal for the year with two simple words: peak performance. I wanted our fourth year since the takeover of EQT to be our best one yet and the crew certainly came through in delivering on that mission. I want to take a few moments to briefly reflect on the incredible accomplishments from this organization that we achieved over the course of 2023.
On the operations front, we set multiple drilling world records and achieved our highest completion efficiency pace ever, with 2023 monthly pumping hours per crew up more than 15% year-over-year. Importantly, this incredible operational pace came amid a 22% improvement in our 2023 EHS intensity, which was even better than our 15% target and underscores our unwavering commitment to safety at EQT....
EQT Corporation (EQT) Q4 2023 Earnings Call Transcript