Avangrid, Inc. (AGR) Q3 2022 Earnings Call Transcript

For the period ending September 30, 2022

October 26, 2022 10:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Thank you for joining today’s call. I would like to welcome you all to The Avangrid Third Quarter 2022 Earnings Conference Call. My name is Brica. And I will be your events specialist operating today’s call. After the speakers’ remarks, you will have the opportunity to ask a question. [Operator Instructions].

I would now like to hand the call over to our host, Alvaro Ortega, Vice President of Finance Investor Relations and Treasury to begin. So Alvaro, please go ahead when you are ready.

Alvaro Ortega

Thank you, Brica, and good morning to everyone. Thank you for joining us today to discuss Avangrid's third quarter 2022 earnings results. Presenting on the call today are Pedro Azagra, our Chief Executive Officer; and Patricia Cosgel, our Chief Financial Officer. Also joining us today for the question-and-answer part of the call will be Catherine Stempien, President and Chief Executive Officer of Avangrid Networks; and Jose Antonio Miranda, Chief Executive Officer and President of Avangrid Renewables. Other members of the executive team are also joining us today and maybe call upon to us with the Q&A part of the call. If you do not have a copy of our press release or presentation for today's call, they are available on our website at avangrid.com.

During today's call, we will make various forward-looking statements within the meaning of the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 based on current expectations and assumptions, which are subject to risks and uncertainties. Actual results could differ materially from our forward-looking statements if any of our key assumptions are incorrect or because of other factors discussed in Avangrid's earnings news release in the comments made during this conference call in the Risk Factors section of the accompanying presentation or in our latest reports and filings with the Securities and Exchange Commission, each of which can be found on our website, avangrid.com. We do not undertake any duty to update any forward-looking statements.

Today's presentation also includes references to non-GAAP financial measures. You should refer to information contained in the slides accompanying today's presentation for definitional information and reconciliations of non-GAAP financial measures to the closest GAAP financial measures.

I will now turn the call over to Pedro.