CenterPoint Energy, Inc. (CNP) Q3 2022 Earnings Call Transcript

CenterPoint Energy, Inc. (NYSE:CNP) Q3 2022 Earnings Conference Call November 1, 2022 8:00 AM ET

Company Participants

Jackie Richert - Vice President, Investor Relations and Treasurer

Dave Lesar - Chief Executive Officer

Jason Wells - Chief Financial Officer

Conference Call Participants

Anthony Crowdell - Mizuho

Steve Fleishman - Wolfe Research

Julien Dumoulin-Smith - Bank of America

Jeremy Tonet - J.P. Morgan

Durgesh Chopra - Evercore

Operator

Good morning. And welcome to CenterPoint Energy’s Third Quarter 2022 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 Investor Relations and Treasurer. Ms. Richert?

Jackie Richert

Good morning, everyone. Welcome to CenterPoint’s earnings conference call. Dave Lesar, our CEO; and Jason Wells, our CFO will discuss the company’s third quarter 2022 results.

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 upon 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 statement.

We will be discussing certain non-GAAP measures on today’s call. When providing guidance, we use the non-GAAP EPS measure of adjusted diluted earnings per share on a consolidated basis referred to as non-GAAP EPS.

For information on our guidance methodology and a reconciliation of the non-GAAP measures used in providing guidance, please refer to the earnings news release and presentation, both of which can be found under the Investors section on our website.

As a reminder, 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 the discussion over to Dave.

Dave Lesar

Thank you, Jackie. Good morning, and thank you to everyone joining us for our third quarter 2022 earnings call. Before we get started today, I wanted to congratulate Jason Wells on this morning’s announcement of his pending promotion to President and COO of CenterPoint Energy.

Since joining our team a little over two years ago, he has demonstrated that he has the strategic vision, executive mindset, deep industry experience and operational knowledge to be a great leader. Equally important, he has the confidence and support of our organization, our Board and our shareholders.