2024-05-02 15:28:08 ET
Devon Energy Corporation (DVN)
Q1 2024 Earnings Conference Call
May 02, 2024 11:00 AM ET
Company Participants
Scott Coody - Vice President of Investor Relations
Rick Muncrief - President and Chief Executive Officer
Clay Gaspar - Executive Vice President and Chief Operating Officer
Jeff Ritenour - Executive Vice President and Chief Financial Officer
Conference Call Participants
Arun Jayaram - JPMorgan
Neil Mehta - Goldman Sachs
Nitin Kumar - Mizuho
Scott Gruber - Citi
Neal Dingmann - Truist Securities
Roger Read - Wells Fargo
Kevin MacCurdy - Pickering Energy Partners
Charles Meade - Johnson Rice
Scott Hanold - RBC
Matthew Portillo - TPH
Presentation
Operator
Welcome to Devon Energy's First Quarter 2024 Conference Call. At this time, all participants are in listen-only mode. This call is being recorded.
I'd now like to turn the call over to Mr. Scott Coody, Vice President of Investor Relations. Sir, you may begin.
Scott Coody
Good morning, and thank you for joining us on the call today. Last night, we issued an earnings release and presentation that cover Devon's results for the first quarter and our outlook for the remainder of 2024. Throughout the call today, we will make references to the earnings presentation to support prepared remarks, and these slides can be found on our website. Also joining me on the call today are Rick Muncrief, our President and CEO; Clay Gaspar, our Chief Operating Officer; Jeff Ritenour, our Chief Financial Officer; and a few other members of our senior management team.
Comments today will include plans, forecasts and estimates that are forward-looking statements under U.S. securities law. These comments are subject to assumptions, risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. Please take note of the cautionary language and risk factors provided in our SEC filings and earnings materials.
With that, I'll turn the call over to Rick.
Rick Muncrief
Thank you, Scott. It's a pleasure to be here this morning. We appreciate everyone taking the time to join us. By all measures, Devon delivered an outstanding set of results in the first quarter that surpassed the operational and financial targets we had set by wide margin. This start to 2024 demonstrates the impressive momentum that we've quickly established setting the stage for our business to continue to strengthen.
At this time, I want to personally thank our employees, our service providers and our infrastructure partners in helping us get 2024 off to a great start. For the remainder of my comments for today, I will focus on the drivers of our first quarter outperformance and the factors underpinning our improved outlook for the remainder of the year....
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Devon Energy Corporation (DVN) Q1 2024 Earnings Call Transcript