Pine Cliff Energy Ltd. (PNE) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining us on the Pinecliffe Energy first quarter webcast. We will open with remarks from President and CEO Phil Hodge. Today, Mr. Hodge is joined by Christopher Zak, Chief Financial Officer, Austin Newdorf, Vice President Finance, and Dan Keenan, Vice President Exploitation. Questions for the management team can be registered online during the webcast. Prior to starting, we would like to remind participants that the call may contain comments on or discussion of forward-looking information. As such, we refer participants to the cautionary statements on forward-looking information included in the presentation on our website, www.pinecliftenergy.com. With that, we will turn the call over to President and CEO, Phil Hodge. Thanks, Chris. Thanks, everybody, for attending or listening in on the recording after the fact. Keeping with past tradition on these webcasts, we're not going to read the press release, and I will assume that you've already looked at the information on our Q1. We've got several, actually, we've got more questions we typically have got in these past quarters, so I think we'll just jump right into the questions. For those of you that received my email, because you've subscribed to the email list, you will have seen a lot of comments and graphs on the macro. Some of the questions kind of touch on that, but we'll get into a little bit more detail on the questions. The first question we had was with regard to the natural gas to the southern California market. And the reduction on gas, because we showed some graphs in my email showing that there were about one BCF a day less gas went into the California market this last winter during the first quarter. That had a huge impact on on ACO prices because that's a BCF a day. Keep i...