The Southern Company (SO) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

April 27, 2023 1:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good afternoon. My name is Kathy, and I will be your conference operator today. At this time, I would like to welcome everyone to The Southern Company First Quarter 2023 Earnings Call. As a reminder, this conference is being recorded, Thursday, April 27, 2023.

I would now like to turn the conference over to Mr. Scott Gammill, Vice President, Investor Relations and Treasurer. Please go ahead, sir.

Scott Gammill - VP, IR & Treasurer

Thank you, Kathy. Good afternoon, and welcome to Southern Company's First Quarter 2023 Earnings Call. Joining me today are Chris Womack, President of Southern Company; and Dan Tucker, Chief Financial Officer.

Let me remind you, we'll be making forward-looking statements today in addition to providing historical information. Various important factors could cause actual results to differ materially from those indicated in the forward-looking statements. including those discussed in our Form 10-K, Form 10-Q and subsequent filings.

In addition, we will present non-GAAP financial information on this call. Reconciliations to the applicable GAAP measure are included in the financial information we released this morning as well as the slides for this conference call, which are both available on our Investor Relations website at investor.southerncompany.com.

At this time, I'll turn the call over to Chris Womack.

Christopher Womack - President

Thank you, Scott, and good afternoon, and thank you for joining us. I am delighted to be joining you today on my first earnings call as President of Southern Company. I've enjoyed given the opportunity to interact with many of you over the last couple of months and look forward to meeting with many more of you in the months ahead. I am incredibly excited about the future of Southern Company, the energy industry and the valuable work that we're doing to serve our customers and communities. I am excited about the opportunities ahead of us and proud to be a part of a team that is making such a significant impact in building the future of energy.

As you've watched us reposition our deep talented bench across the system, our mission remains unchanged, provide our customers and communities with clean, safe, reliable and affordable energy, while continuing to keep our customers at the center of everything we do. Also unchanged is our goal to deliver superior risk-adjusted total shareholder return. And I believe our financial plan supports that objective. The strength of our value proposition is a function of our customer and community, focused business model, the robust economic growth in our service territories and the constructive regulatory frameworks in our states. It is also a function of our discipline as we remain committed to our objectives of strong investment-grade credit ratings with a regular, predictable and sustainable dividend policy.