SM Energy Company (NYSE:SM) Q2 2020 Earnings Conference Call - Final Transcript

Jul 31, 2020 • 10:00 am ET


SM Energy Company (NYSE:SM) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the SM Energy Q2 2020 Financial and Operating Results Q&A Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I would like to now hand the conference over to your speaker today, Jennifer Samuels, VP of Investor Relations. Please go ahead, ma'am.

Jennifer Samuels

Thank you, Joanne. Good morning, everyone, and thank you for joining us. I have to say it's good to be back this quarter with a live call and have the opportunity to elaborate on the second quarter where we generated big free cash flow and reduced debt despite a challenging macro environment as well as have the opportunity to further discuss the very solid outlook we are presenting through 2021.

First, allow me to quickly remind you that we may discuss forward-looking statements about our plans, expectations and assumptions regarding future performance. These statements involve risks that may cause our actual results to differ materially from the results expressed or implied in our forward-looking statements.

Please refer to the cautionary information about forward-looking statements in the 2Q earnings release, the IR presentation and the Risk Factors section of our Form 10-Q, which was filed this morning, all of which are posted to our website. Our discussion today may include discussion of non-GAAP financial measures that we believe are useful in understanding and evaluating our performance.

Reconciliation of those measures to the most directly comparable GAAP measures and other information about these non-GAAP metrics are provided in our earnings release and IR presentation. Here to answer your questions this morning, our CEO, Jay Ottoson; EVP and CFO, Wade Pursell; and President and COO, Herb Vogel.

Let me turn it back to the operator, Joanne, if you would take our first question.