2024-05-02 13:47:02 ET
APA Corporation (APA)
Q1 2024 Earnings Conference Call
May 02, 2024 11:00 AM ET
Company Participants
Gary Clark – Vice President-Investor Relations
John Christmann – Chief Executive Officer
Steve Riney – President and Chief Financial Officer
Conference Call Participants
John Freeman – Raymond James
Neal Dingmann – Truist Securities
David Deckelbaum – TD Cowen
Betty Jiang – Barclays
Leo Mariani – ROTH MKM
Neil Mehta – Goldman Sachs
Paul Cheng – Scotiabank
Presentation
Operator
Good day and thank you for standing by. Welcome to the APA Corporation's First Quarter 2024 Financial and Operational Results Conference Call. At this time all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. Each person is limited to one question and one follow up. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker for today, Gary Clark, Vice President of Investor Relations. Thank you.
Gary Clark
Good morning, and thank you for joining us on APA Corporation's first quarter 2024 financial and operational results conference call. We will begin the call with an overview by CEO, John Christmann. Steve Riney, President and CFO, will then provide further color on our results and outlook. Also on the call and available to answer questions are Tracey Henderson, Executive Vice President of Exploration; and Clay Bretches, Executive Vice President of Operations. Our prepared remarks will be about 15 minutes in length, with the remainder of the hour allotted for Q&A.
In conjunction with yesterday's press release, I hope you have had the opportunity to review our financial and operational supplement, which can be found on our Investor Relations website at investor.apacorp.com. Please note that we may discuss certain non-GAAP financial measures. A reconciliation of the differences between these measures and the most directly comparable GAAP financial measures can be found in the supplemental information provided on our website. Consistent with previous reporting practices, adjusted production numbers cited in today's call are adjusted to exclude non-controlling interest in Egypt and Egypt tax barrels.
I'd like to remind everyone that today's discussion will contain forward-looking estimates and assumptions based on our current views and reasonable expectations. However, a number of factors could cause actual results to differ materially from what we discuss on today's call. A full disclaimer is located with the supplemental information on our website. Please note that the first quarter 2024 results reflect APA Corp. only as the Callon acquisition was subsequently closed on April 1st. Accordingly, our full year 2024 guidance reflects first quarter APA results on a standalone basis, plus three quarters of APA and Callon combined....
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APA Corporation (APA) Q1 2024 Earnings Call Transcript