Chesapeake Utilities Corporation (NYSE:CPK) Q1 2022 Earnings Conference Call May 4, 2022 4:00 PM ET

Company Participants

Alexander Whitelam - Head of Investor Relations

Jeffrey Householder - President and Chief Executive Officer

Beth Cooper - Executive Vice President, Chief Financial Officer and Assistant Corporate Secretary

James Moriarty - Executive Vice President, General Counsel, Corporate Secretary and Chief Policy and Risk Officer

Conference Call Participants

Tate Sullivan - Maxim Group

Constantine Lednev - Guggenheim Partners

Brian Russo - Sidoti

Operator

Greetings, and welcome to the Chesapeake Utilities Corporation Results for First Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this call is being recorded today, Wednesday, May 4, 2022.

And I'd now like to turn the conference over to Alex Whitelam, Head of Investor Relations. Please go ahead, sir.

Alexander Whitelam

Thank you Dave, and good afternoon, everyone. We know it's late today, and appreciate everyone joining us. We're excited to present Chesapeake's Utilities results for the first quarter of 2022. As you saw in our press release issued yesterday, the company reported solid financial performance the beginning of the year, demonstrating our continued ability to deliver long-term sustainable growth for our stakeholders.

As shown on slide two, participating with me on the call today are Jeff Householder, President and Chief Executive Officer; Beth Cooper, Executive Vice President, Chief Financial Officer, Treasurer and Assistant Corporate Secretary; 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 Investor page and Events and Presentation subsection. After our prepared remarks, we'll open the call up for questions.

Moving to slide three. I'd 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 2021 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 the metric-adjusted gross margin and has provided the appropriate disclosures in accordance with the SEC 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.

Now I'll turn the call over to Jeff to provide some opening remarks from the company's first quarter results and the key drivers of our performance. Jeff?