Essential Utilities (WTRG) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

May 9, 2023 11:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Hello, and welcome to Essential Utilities Q1 2023 Earnings Call. My name is Melissa, and I will be your coordinator for today's event. Please note, this conference is being recorded. [Operator Instructions].

I will now hand you over to your host, Renee Marquis, to begin today's conference. Thank you.

Renee Marquis

Thank you, Melissa. Good morning, everyone, and thank you for joining us for the Essential Utilities First Quarter 2023 Earnings Call. Unfortunately, Brian Dingerdissen couldn't be here today because he's under the weather, so I'm filling in. I'm Renee Marquis, the Director of Investor Relations at Essential.

If you did not receive a copy of the press release, you can find it by visiting the Investor Relations section of our website at essential.co. The slides that we will be referencing and the webcast of this event can also be found on our website.

Here is our FLS, as a reminder, some of the matters discussed during this call may include forward-looking statements that involve risks, uncertainties and other factors that may cause the actual results to be materially different from any future results expressed or implied by such forward-looking statements. Please refer to our most recent 10-Q, 10-K or other SEC filings for a description of such risks and uncertainties.

During the course of this call, reference may be made to certain non-GAAP financial measures. A reconciliation of these non-GAAP to GAAP financial measures is included at the end of the presentation and also posted on the Investor Relations section of the company's website.

Here is our agenda for the call today. We will begin with Chris Franklin, our Chairman and CEO, who will provide an update on the company. Next, Dan Schuller, Executive Vice President and CFO, will discuss our financial results. And lastly, Chris will then provide an update on our acquisition program and conclude the presentation portion with a summary of our guidance before opening the call for questions.

With that, I'll turn the call over to Chris Franklin.

Christopher Franklin

Thanks, Renee. Good morning, everyone. Thanks for joining the call. Let's just start here with a quick mention that last week, we held our Board meeting and our Annual Meeting of Shareholders. And I'm very pleased to report that all of the items on the ballot were voted in accordance with management's recommendations. So we're very pleased with the outcome of our Annual Shareholders Meeting. All right. Let's take a quick look at the first quarter.