New Jersey Resources Corporation (NYSE:NJR) Q3 2023 Earnings Conference Call August 3, 2023 10:00 AM ET

Company Participants

Adam Prior - Director of IR

Steve Westhoven - President and CEO

Roberto Bel - CFO

Conference Call Participants

Robert Mosca - Mizuho Securities

Travis Miller - Morningstar

Operator

Hello, and welcome to the New Jersey Resources Fiscal 2023 Third Quarter Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions].

I will now turn the conference over to Mr. Adam Prior of New Jersey Resources. Please go ahead.

Adam Prior

Thank you, operator. Welcome to New Jersey Resources fiscal 2023 third quarter conference call and webcast. I'm joined here today by Steve Westhoven, our President and CEO; Roberto Bel, our Senior Vice President and Chief Financial Officer; as well as other members of our senior management team.

Certain statements in today's call contain estimates and other forward-looking statements within the meaning of the securities laws. We wish to caution listeners of this call that the current expectations, assumptions and beliefs forming the basis of our forward-looking statements include many factors that are beyond our ability to control or estimate precisely. This could cause results to materially differ from our expectations as found on Slide 1.

These items can also be found in the forward-looking statements section of today's earnings release furnished on Form 8-K and in our most recent Forms 10-K and 10-Q as filed with the SEC. We do not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events.

We will also be referring to certain non-GAAP financial measures such as net financial earnings or NFE. We believe that NFE, net financial loss, utility gross margin, financial margin, adjusted funds from operations and adjusted debt provide a more complete understanding of our financial performance. However, these non-GAAP measures are not intended to be a substitute for GAAP. Our non-GAAP financial measures are discussed more fully in Item 7 of our 10-K.

The slides accompanying today's presentation are available on our website and were furnished on our Form 8-K filed this morning. Our agenda for today is found on Slide 3. Steve will begin with this quarter's highlights, followed by Roberto, who will review our financial results. Then we'll open it up for your questions.