Avangrid, Inc. (AGR) Q4 2022 Earnings Call Transcript

For the period ending December 31, 2022

February 22, 2023 10:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, welcome to Avangrid's Fourth Quarter and Full Year 2022 Earnings Conference Call. My name is Glen and now will be coordinating your call today. [Operator Instructions]

I will now turn the call over to Alvaro Ortega, Vice President of Finance, Investor Relations and Treasury. Please go ahead.

Alvaro Ortega

Thank you, Glen and good morning to everyone. Thank you for joining us today to discuss Avangrid's fourth quarter and full year 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 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 may be called upon to assist 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 US Private Securities Litigation Reform Act of 1995 and 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 and 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 the 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.

Pedro Azagra

Okay. Thank you, Alvaro and good morning, everyone. We appreciate you joining us for our fourth quarter and full year results presentation. I'd like to thank the Chairman and the rest of the Board, the rest of the Iberdrola Group and all my team present with me, I'm not present with me today and every single employee of Avangrid for the great work that we have done altogether in the last 12 months.