CenterPoint Energy, Inc. (NYSE:CNP) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET

Company Participants

Jackie Richert - VP Corporate Planning, IR and Treasurer

Dave Lesar - CEO

Jason Wells - President and COO

Chris Foster - CFO

Conference Call Participants

Shar Pourreza - Guggenheim

Steve Fleishman - Wolfe Research

Julien Dumoulin-Smith - Bank of America

Jeremy Tonet - JP Morgan Securities

David Arcaro - Morgan Stanley

Operator

Good morning, and welcome to CenterPoint Energy's Third Quarter 2023 Earnings Conference Call with Senior Management. During the company's prepared remarks, all participants will be in a listen-only mode. There will be a question-and-answer session after management's remarks. [Operator Instructions]

I will now turn the call over to Jackie Richert, Vice-President of Corporate Planning, Investor Relations and Treasurer. Ms. Richert, please go ahead.

Jackie Richert

Good morning, and welcome to CenterPoint's third quarter 2023 earnings conference call. Management will discuss certain topics that will contain projections and other forward-looking information and statements that are based on management's beliefs, assumptions and information currently available to management. These forward-looking statements are subject to risks or uncertainties.

Actual results could differ materially based on various factors, as noted in our Form 10-Q, other SEC filings and our earnings materials. We undertake no obligation to revise or update publicly any forward-looking statements. We will be discussing certain non-GAAP measures on today's call. When providing guidance, we use the non-GAAP EPS measure of diluted adjusted earnings per share on a consolidated basis, referred to as non-GAAP EPS.

For information on our guidance methodology and reconciliation of the non-GAAP measures used in providing guidance, please refer to our earnings news release and presentation on our website. We use our website to announce material information.

This call is being recorded. Information on how to access the replay can be found on our website. Now, I'd like to turn it over to Dave.

Dave Lesar

Thank you, Jackie, and good morning everyone.

Before we review our third quarter results, I'd like to touch on the leadership transition announcement we made earlier today. As you've seen, effective January 5th, 2024, Jason Wells will succeed me as CEO and a member of the Board. It has been a great personal and professional experience to work alongside him and our very talented executive team.

I am incredibly proud of all that we've accomplished together in the past three and a half years, as we worked hard to position the company to achieve the premium market valuation we have today. We could not have done it without the support and buy-in of our management team and all of our great employees. I have full confidence that Jason is the right person to take the helm. And given how far we've come, now is the right time to advance this transition.