Essential Utilities (WTRG) Q1 2022 Earnings Call Transcript

For the period ending March 31, 2022

May 9, 2022 11:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day ladies and gentlemen and welcome to the Essential Utilities Inc. Q1 2022 Earnings Call. Today's call is being recorded.

At this time, I would like to turn the call over to Brian Dingerdissen. Please go ahead sir.

Brian Dingerdissen

Thank you, Kyle. Good morning everyone and thank you for joining us. I am Brian Dingerdissen, Head of Investor Relations. 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 we will be referencing in the webcast of this event can also be found there.

Here is our forward-looking statement. 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, and other SEC filings for a description of such risks and uncertainties.

During this call, reference may be made to certain non-GAAP financial measures. A reconciliation of non-GAAP to GAAP financial measures is included at the end of the presentation is also posted on our Investor Relations website.

Here is our agenda for today. We'll start with Chris Franklin, our Chairman and CEO who will discuss the highlights from the first quarter and provide a company update. Next, Dan Schuller, our CFO will discuss our financial results. Chris will then conclude the presentation with an update on our growth strategy and a summary of our guidance before opening the call for questions.

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

Chris Franklin

Hey thank you, Brian and good morning everyone. I want to start off this morning just by letting you know that we held our Annual Meeting of Shareholders last week and I'm pleased to report that all of the items on the ballot were voted according to management's recommendations. So, a good meeting overall.

So, let's talk about the first quarter. We had a strong first quarter with earnings per share of $0.76, up 5.6%. Dan is going to talk to you a lot more detail about that in just a few moments.