Investor Presentaiton
Our Investment-Grade Financial Strength
Strong liquidity with minimal near-term debt maturities
Outstanding debt maturities through 2030 ($MM)
$5,625
Cash
$2,625
Credit
Facility
~1.5 YEARS
UNTIL INITIAL
MATURITY
$3,000
Liquidity
(3/31/22)
2022
EXECUTING ON OUR
FINANCIAL
STRATEGY
✓ Reduced outstanding debt by >$1.2 billion since merger close
Net debt-to-EBITDAX: 0.6x (as of 3/31/2022)
✓ Significant flexibility with minimal near-term debt maturities
✓ ~60% of outstanding debt obligations mature after 2030
$472
$485
$242
2023
2024
2025
(1) $390 million of notes due in 2027 and all of notes due in 2028 are callable at a fixed price in Q4 2022 and Q2 2023, respectively,
Q1 2022 Earnings Presentation
(1)
$463
(1)
$325
$585
2026
2027
2028
2029
2030
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