Entergy Corporation (NYSE:ETR) Q3 2023 Earnings Conference Call November 1, 2023 11:00 AM ET

Company Participants

Bill Abler - Vice President, Investor Relations

Drew Marsh - Chairman and CEO

Kimberly Fontan - Chief Financial Officer

Roderick West - Group President, Utility Operations

Conference Call Participants

Shar Pourreza - Guggenheim

David Arcaro - Morgan Stanley

Jeremy Tonet - JPMorgan

Paul Zimbardo - Bank of America

Michael Lonegan - Evercore

Anthony Crowdell - Mizuho

Nick Campanella - Barclays

Ryan Levine - Citi

Paul Patterson - Glenrock Associates

Travis Miller - Morningstar

Operator

Good morning. My name is Joel, and I will be your conference operator today. At this time, I would like to welcome everyone to the Entergy Third Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. I will now turn the call over to Bill Abler, Vice President of Investor Relations for Entergy Corporation.

Bill Abler

Good morning and thank you for joining us. We will begin today with comments from Entergy’s Chairman and CEO, Drew Marsh; and then Kimberly Fontan, our CFO will review the results. In an effort to accommodate everyone who has questions, we request that each person ask no more than two questions.

In today’s call, management will make certain forward-looking statements. Actual results could differ materially from these forward-looking statements due to a number of factors which are set forth in our earnings release, our slide presentation and our SEC filings. Entergy does not assume any obligation to update these forward-looking statements.

Management will also discuss non-GAAP financial information. Reconciliations to the applicable GAAP measures are included in today’s press release and slide presentation, both of which can be found on the Investor Relations section of our website.

And now, I will turn the call over to Drew.

Drew Marsh

Thank you, Bill, and good morning, everyone. Today we are reporting very strong financial results for the quarter, as well as important progress with a few recent announcements, including a settlement in principle with the Arkansas Public Service Commission on SERI litigation and an agreement to sell our gas distribution business.

Starting with our quarterly financial results. Our adjusted earnings per share was $3.27. We experienced record temperatures with an estimated impact of $0.64, which has given us the opportunity to flex our spending plans to invest in key areas that benefit our customers, derisk 2024 and support our goal to deliver steady predictable results.