Management remarks
Call period: 2026 Q2 · 2026-08-06
Guidance: Scott G. Stauth: Annual production is now targeted to be between 1.64 million BOE per day and 1.68 million BOE per day a 20 thousand boe per day increase at the midpoint from the previous guidance range.Demand and orders: Scott G. Stauth: Industry when you look at the opportunity for egress to the West Coast and when we think about the opportunity to broaden that customer base and help drive stronger overall differential pricing.Analyst Q&A
Analyst Neil Mehta asked: Well, thanks. I appreciate it. I know you the industry was instrumental in helping to craft this. My follow-up is just on leverage. You have made a lot of progress on long term debt from 16.2 down to 14.5. You are inching closer to the $13 billion goal. I mean, as you look at the forward curves, do you think you get there? Management Victor Clinton Darel answered: This is Victor. I will jump in on this 1. Your point, pricing has been very strong. And of course, net debt levels have come down as you highlight there, about $1.6 billion in the quarter alone. Pricing has moved around a lot as you know from day to day, the number moves around in terms of when we get there. Right now, I would say we target getting there in early 26, based on pricing today. Or 2027, I should say. And, when we get there, as you know, we target to get to 100% of free cash flow under the share buyback program.管理层陈述
电话会期间：2026 Q2 · 2026-08-06
指引：斯科特·G·斯托思：当前年度产量目标区间为每日164万BOE至168万BOE，较此前指引区间的中点每日提升2万桶BOE。需求与订单：斯科特·G·斯托思：就行业而言，我们需审视通往西海岸的外运机会，并思考拓展客户群体以助力推高整体价差的机遇。分析师问答
分析师尼尔·梅塔提问：感谢分享，我知道行业在推动此事中发挥了重要作用。我的后续问题关于杠杆率：贵公司长期债务已从16.2降至14.5，正逐步接近130亿美元的目标。结合远期价格曲线，您认为能否达成该目标？ 管理层维克多·克林顿·达雷尔回应：我是维克多。正如你所说，定价表现强劲，本季度净债务减少约16亿美元。定价每日波动较大，目标达成时间会随之调整，基于当前定价，我们预计2027年初达成目标，此前误提了2026年。达成后，我们计划将100%的自由现金流用于股票回购计划。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
