Enerplus Corp (ERF) CEO Ian Dundas on Q1 2022 Results - Earnings Call Transcript

Enerplus Corp (ERF) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET

Company Participants

Drew Mair - Manager, Investor Relations
Ian Dundas - President & CEO
Wade Hutchings - SVP & COO
Jodi Jenson Labrie - SVP & Chief Financial Officer

Conference Call Participants

Patrick O'Rourke - ATB Capital Markets
Eric Nuttall - Ninepoint Partners

Operator

Good morning, ladies and gentlemen, and welcome to the Enerplus Q1 2022 results conference call. At this time, all lines are in a listen-only mode. [Operator Instructions] This call is being recorded on May 6, 2022. I would now like to turn the conference over to Mr. Drew Mair, manager of investor relations. Please go ahead.

Drew Mair

Thank you, operator, and good morning, everyone. Thank you for joining the call. Before we get started, please take note that the advisory is located at the end of our first quarter news release. Our financials have been prepared in accordance with U.S.

GAAP. Our production volumes are reported on a net after deduction of royalty basis, and our financial figures are in U.S. dollars unless otherwise specified. I'm here this morning with Ian Dundas, our president and chief executive officer; Wade Hutchings, senior VP and chief operating officer; Jodi Jenson Labrie, senior VP and chief financial officer; Shaina Morihira, VP finance; and Garth Doll, VP marketing.

Following our discussion, we will open up the call for questions. With that, I'll turn it over to Ian.

Ian Dundas

Thank you, Drew. Good morning and thank you for joining us today. I'll start with the key takeaways from our first quarter release. We remain well positioned relative to our 2022 plan to deliver robust free cash flow growth and meaningful cash returns to shareholders. We expect to generate approximately $675 million in annual free cash flow in 2022, assuming rest-of-year prices of $85