New Jersey Resources Corporation (NYSE:NJR) Q2 2023 Earnings Conference Call May 4, 2023 10:00 AM ET

Company Participants

Adam Prior - Director, Investor Relations

Steve Westhoven - President & Chief Executive Officer

Roberto Bel - Senior Vice President & Chief Financial Officer

Conference Call Participants

Richard Sunderland - JPMorgan

Travis Miller - Morningstar

Robert Mosca - Mizuho

Operator

Good morning, ladies and gentlemen. Welcome to the New Jersey Resources Fiscal 2023 Second Quarter Conference Call and Webcast. At this time, all participants are in a listen-only mode, and please be advised that this call is being recorded. After the speaker’s prepared remarks, there will be a question-and-answer session. [Operator Instructions]

And now at this time, I would like to turn things over to Mr. Adam Prior, Director of Investor Relations. Mr. Prior please go ahead sir.

Adam Prior

Thank you. Welcome to New Jersey Resources fiscal 2023 second quarter conference call and webcast. I am 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 conference 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 for 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 in 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 and financial margin 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 seven 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 highlight, followed by Roberto who will review our financial results. Then we will open it up for your questions.