2024-07-24 13:53:06 ET
Range Resources Corporation (RRC)
Q2 2024 Earnings Conference Call
July 24, 2024, 09:00 ET
Company Participants
Laith Sando - Vice President, Investor Relations
Dennis Degner - Chief Executive Officer
Mark Scucchi - Chief Financial Officer
Alan Engberg - Vice President Liquid Marketing
Conference Call Participants
Roger Read - Wells Fargo
Michael Scialla - Stephens
Doug Leggate - Wolfe Research
Jake Roberts - TPH & Company
Scott Hanold - RBC
Neil Mehta - Goldman Sachs
Arun Jayaram - JPMorgan
Paul Diamond - Citi
Presentation
Operator
Welcome to the Range Resources Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Statements made during this conference call that are not historical facts are forward-looking statements. Such statements are subject to risks and uncertainties, which could cause actual results to differ materially from those in the forward-looking statements. After the speaker's remarks, there will be a question-and-answer period. At this time, I would like to turn the call over to Mr. Laith Sando, Vice President, Investor Relations at Range Resources. Please go ahead, sir.
Laith Sando
Thank you, operator. Good morning, everyone, and thank you for joining Range's Second Quarter 2024 Earnings Call. The speakers on today's call are Dennis Degner, Chief Executive Officer; and Mark Scucchi, Chief Financial Officer.
Hopefully, you've had a chance to review the press release and updated investor presentation that we've posted on our website. We may reference certain slides on the call this morning. You also find our 10-Q on Range's website under the Investors tab or you can access it using the SEC's EDGAR system. Please note, we'll be referencing certain non-GAAP measures on today's call. Our press release provides reconciliations of these to the most comparable GAAP figures.
We've also posted supplemental tables on our website that include realized pricing details by product, along with calculations of EBITDAX, cash margins and other non-GAAP measures. With that, let me turn the call over to Dennis.
Dennis Degner
Thanks, Laith, and thanks to all of you for joining the call today. Range's Second Quarter plan was executed successfully and consistent with our strategy for the year, which remains unchanged, operating safely while driving continued operational improvements, generating free cash flow with a peer-leading capital efficiency and prudent allocation of that free cash flow balancing returns of capital to shareholders with further debt reduction and the long-term development of our world-class asset base.
I believe our second quarter results reflect the ongoing advancement of these objectives and demonstrate the resilience of Range's business through cycles. Our operational and financial updates highlight Range's high quality, low breakeven inventory and liquids optionality, which drove another successful quarter while generating free cash flow....
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Range Resources Corporation (RRC) Q2 2024 Earnings Call Transcript