Falcon Minerals Corp (NASDAQ:FLMN) Q2 2019 Earnings Conference Call - Final Transcript

Aug 05, 2019 • 09:00 am ET


Falcon Minerals Corp (NASDAQ:FLMN) Q2 2019 Earnings Conference Call - Final Transcript


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Good morning and welcome to Falcon Minerals Second Quarter 2019 Earnings Results Call and Webcast. [Operator Instructions] It is now my pleasure to turn the floor over to Brian Begley with Falcon Minerals. Sir, you may begin.

Brian Begley

Good morning, everyone, and thank you for joining us for today's call to discuss Falcon's second-quarter 2019 results. With us today on the call is our President and Chief Executive Officer, Daniel Herz, and our Chief Financial Officer, Bryan Gunderson.

Before we begin, I would like to remind everyone that during this call, we'll make certain forward-looking statements. And in this context, forward-looking statements often address our expected future business and financial performance and financial conditions and also contains words such as expects, anticipates and similar words or phrases.

Forward-looking statements, by their nature, address matters that are uncertain and are subject to certain risks and uncertainties, which can cause actual results to differ materially from those projected in the forward-looking statements. We discussed these risks in the quarterly report on Form 10-Q and our Annual Report on Form 10-K. I'd also like to caution you not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof.

The Company undertakes no obligations to publicly update our forward-looking statements or to publicly release the results of any revisions to forward-looking statements that may be made to reflect events or circumstances after the date hereof or reflect the occurrence of unanticipated events. Additionally, in our earnings release, we have provided a reconciliation to the non-GAAP measures we refer to in our public disclosures, such as adjusted EBITDA and pro forma free cash flow.

Lastly, the Company will be attending several investor conferences over the next few weeks, including the Tuohy Brothers Energy Conference at The Lombardy Hotel in New York on August 8th; the EnerCom Oil and Gas Conference at The Westin Downtown in Denver on August 12th and 13th; and the City MLP, and Energy Infrastructure Conference at the Encore in Las Vegas on August 14th and 15th.

With that, I'll turn the call over to our CEO, Daniel Herz for his remarks. Daniel?

Daniel C. Herz

Thanks, Brian. Welcome, everyone, and thank you for joining the Falcon Minerals Corporation second-quarter 2019 earnings call. I would like to welcome Bryan Gunderson, our new Chief Financial Officer. For those of you who don't already know Bryan, he joins us after having served in various financial positions at Nine Point Energy, General Electric and Lehman Brothers. I've known Bryan for almost a decade, and I am excited about the positive impact he's going to have on our business, and how we communicate the financial aspects of the business to our stakeholders and all of those who follow us. Welcome, Bryan.

You may recall on our last earnings call, I said that I believe we are -- we were well-positioned to deliver value in the short, medium and long term. I plan to convey that message again in my remarks today with even