Operational Excellence & Capital Discipline advantaged assets & operations high-quality, long-life, diversified asset portfolio Multi-basin portfolio provides commodity diversification and capital allocation optionality Marcellus…
3Q22 Key Results & Updated Guidance mm, unless noted 1Q22a 2Q22a 3Q22a 4Q22e Operations Total Production (mboed) 630 632 641 615 635 Gas (mmcfd) 2,850 2,790 2,807 2,725 2,775 strong operational execution and performance Oil…
Disciplined Capital Allocation 2022e sources & uses of cash DCF & FCF at recent strip capital allocation 5.6 billion 1.7 billion priorities grow modestly and invest in high-returning projects Projects require 50% hurdle rate in…
Total Return of 2.7 billion over LTM represents 11% of Market Cap millions percentages shown are shareholder returns as percentage of FCF FCF FCF 1,064 1,019 FCF 961 81% 74% Returning incremental value with FCF 758 70%…
Prioritizing Financial Flexibility history of conservative Net Leverage liquidity & debt maturity1 profile mm and weighted average rates Cimarex Cabot Coterra WTI HH .0x 2,500 2,278 4.4% 0.0 2,000 0.0 0 80 8.00 0.0 75 1,500 3.9% 0…
High-Yielding Investment Opportunity with Advantaged Capital Structure dividend yield last quarter annualized1 market-leading Net Leverage position2 CTRA 9.0% Coterras 0.2x Net Leverage is Real Estate 4.4% 6th highest 400 lower than…
2022 Capital Budget & Activity 2022e capex estimates millions SWD & Infra 75 Consider longer-term service contracts for base Other 75 level activity Anadarko D&C 100 But also consider services market may re-rate lower so maintaining…
Optimized Permian Operations Driving Capital Efficiency Reducing costs with larger projects, longer laterals, & electrification Improved Permian capital efficiency, gross wells per development average lateral length (frac end) % of…
Marcellus Asset Overview Susquehanna County production declining slightly as operational activity 2H22-weighted gas mmcfd 4Q21 1Q22 2Q22 3Q22 acreage leverages highly 2,494 productive formation 2,266 2,196 2,214 0 2022…
New Upper Marcellus Development Performing Favorably Alongside Premier Lower Marcellus productivity cumulative mcf per lateral foot economics Lower Marcellus Upper Marcellus Dobrosielski Lower Upper Marcellus 450 Marcellus Dobrosielski…
Anadarko Asset Overview increasingly important basin located maintaining steady production levels Oil (mbbld) NGL (mboed) Gas (mmcfd) near industrial & LNG export demand, 35 4Q21 1Q22 2Q22 3Q22 expected to dominate natural gas demand…
Managing Emissions Executive compensation now tied to emissions reduction metrics; 15% of total current short-term incentive potential methane emissions intensity greenhouse gas emissions intensity1 flare intensity methane emissions (MT…
Appendix
2022 Outlook As of November 3, 2022 4Q22 Changes to Previous Previous Marcellus Natural Gas Price Exposure by Index Guidance 2022 Guidance 2022 Guidance Index, /mcf 4Q22e 2022e Production November August NYMEX less 0.39 37% Total…
Non-GAAP Reconciliations & Definitions Supplemental Non-GAAP Financial Measures (Unaudited): We report our financial results in accordance with accounting principles generally accepted in the United States (GAAP). However, we believe…
Non-GAAP Reconciliations & Definitions Twelve Months Ended: ( in millions) Sept 30 2022 June 30 March 30 2022 2022 2021 2020 December 31 2019 2018 2017 EBITDAX Net income 3,972 2,839 1,640 1,158 201 681 557 100 EBITDAX is defined…
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