New Jersey Resources Corporation (NYSE:NJR) Q4 2022 Results Conference Call November 17, 2022 10:00 AM ET

Company Participants

Adam Prior - Director, IR

Steve Westhoven - President, CEO

Roberto Bel - SVP, CFO

Pat Migliaccio - SVP, COO

Amy Cradic - SVP, COO of Non-Utility Businesses, Strategy and External Affairs

Conference Call Participants

Gabe Moreen - Mizuho

Michael Gaugler - Janney Montgomery

Richard Sunderland - JPMorgan

Sam Schwartz - Bank of America

Operator

Hello, everyone, and welcome to the New Jersey Resources Fiscal 2022 Fourth Quarter and Year-End Conference Call. My name is Emily, and I will be your conference call operator today. [Operator Instructions].

I will now turn the call over to our host, Adam Prior at New Jersey Resources. Please go ahead, Adam.

Adam Prior

Thank you. Welcome to New Jersey Resources Fiscal 2022 Fourth Quarter and Year-end Conference Call and Webcast. I'm joined here today by Steve Westhoven, our President and CEO; and 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 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-Q and 10-K as filed with the SEC. We do not, by including this statement, assume any obligation to review or revise any particular forward-looking statements referenced herein in light of future events.

We'll also be referring to certain non-GAAP financial measures such as net financial earnings or net fee. We believe that NFE net financial loss, utility gross margin, adjusted funds from operations 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 7 of our 10-K.

Our agenda today is found on Slide 2. Steve will begin with this quarter's highlights, followed by Roberto, who will review our financial results. Then we'll open the call for your questions. The slides accompanying today's presentation are available on our website and were furnished on our Form 8-K filed this morning. We'll begin with an overview on Slide 3.