Chesapeake Utilities Corporation (NYSE:CPK) Q2 2023 Earnings Conference Call August 4, 2023 8:30 AM ET
Company Participants
Jeff Householder - Chairman, President and CEO
Beth Cooper - EVP, CFO, Treasurer and Assistant Corporate Secretary
Jim Moriarty - EVP, General Counsel, Corporate Secretary and Chief Policy and Risk Officer
Conference Call Participants
Tate Sullivan - Maxim Group
Brian Russo - Sidoti
Operator
Welcome to the Chesapeake Utilities Second Quarter 2023 Earnings Conference Call. [Operator Instructions]
I would now like to turn the call over to Beth Cooper, Executive Vice President, Chief Financial Officer, Treasurer and Assistant Corporate Secretary. Please go ahead.
Beth Cooper
Thank you and good morning everyone. We appreciate you joining us today for Chesapeake Utilities' second quarter 2023 earnings call.
As you saw in our press release issued yesterday, the Company delivered solid performance in both the quarter and year-to-date periods in 2023, despite the continued effects of warmer temperatures into the first half of the year across our operating footprint.
Current quarter results also exclude the impact of a non-recurring pre-tax gain recognized in the second quarter of 2022, amounting to $1.9 million or $0.08 per share on a diluted basis. We will touch on the financial results in more detail in just a few minutes; but Chesapeake Utilities remains committed to delivering another year of record performance, executing on its growth strategy and driving long-term increased shareholder value.
As shown on Slide 2, participating with me on the call today are Jeff Householder, Chairman, President, and Chief Executive Officer; and Jim Moriarty, Executive Vice President, General Counsel, Corporate Secretary, and Chief Policy and Risk Officer. We also have other members of our management team joining us virtually. Today's presentation can be accessed on our website under the Investors Page in Events and Presentation subsection. After our prepared remarks, as we typically do, we will open the call up for questions.
Moving to Slide 3, I would like to remind you that matters discussed in this conference call may include forward-looking statements that involve risks and uncertainties. Forward-looking statements and projections could differ materially from our actual results. The safe harbor for forward-looking statements section of the company's 2022 Form 10-K provides further information on the factors that could cause such statements to differ from our actual results.
Additionally, the company evaluates its performance based on non-GAAP adjusted gross margin and has provided the appropriate disclosures in accordance with the SEC's Regulation G. A reconciliation of GAAP gross margin to non-GAAP adjusted gross margin is provided in the appendix of this presentation and in our earnings release.