Constellation Energy Corporation (CEG) Q3 2022 Earnings Call Transcript

Constellation Energy Corporation (NASDAQ:CEG) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET

Company Participants

Emily Duncan - Vice President, Investor Relations

Joe Dominguez - President and Chief Executive Officer

Dan Eggers - Chief Financial Officer

Kathleen Barron - Executive Vice President and Chief Strategy Officer

Bryan Hanson - Executive Vice President and Chief Generation Officer

Conference Call Participants

Shar Pourreza - Guggenheim Partners

Steve Fleishman - Wolfe Research

Paul Zimbardo - Bank of America

David Arcaro - Morgan Stanley

Durgesh Chopra - Evercore ISI

Operator

Good day ladies and gentlemen, and welcome to the Constellation Energy Corporation Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this call may be recorded.

I would now like to introduce your host for today's call, Emily Duncan, Vice President, Investor Relations. You may begin.

Emily Duncan

Thank you, Amy. Good morning, everyone, and thank you for joining Constellation Energy Corporation's third quarter earnings conference call. Leading the call today are Joe Dominguez, President and Chief Executive Officer; and Dan Eggers, Constellation’s Chief Financial Officer. They are joined by other members of Constellation's senior management team who will be available to answer your questions following our prepared remarks.

We issued our earnings release this morning, along with the presentation, all of which can be found in the Investor Relations section of the Constellation’s website. The earnings release and other matters, which we will discuss during today's call contain forward-looking statements and estimates regarding Constellation and its subsidiaries that are subject to various risks and uncertainties.

Actual results could differ from our forward-looking statements based on factors and assumptions discussed in today's material and comments made during the call. Please refer to today's 8-K and Constellation's other SEC filings for discussions of risk factors and other circumstances and considerations that may cause results to differ from the management's projections, forecasts, and expectations.

Today's presentation also includes references to adjusted EBITDA, and other non-GAAP measures. Please refer to the information contained in the appendix of our presentation and our earnings release for reconciliations between the non-GAAP measures and the nearest equivalent GAAP measures.

I'll now turn it over to the CEO of Constellation, Joe Dominguez.

Joe Dominguez

Thanks, Emily. Good morning, everyone. Thanks for joining our call. I especially want to thank the new owners of Constellation to the call. It’s gratifying to see the continuing and expanding interest in our new company from all parts of the world. We had a strong quarter delivering adjusted EBITDA of 592 million, which is a result of the strong operations and performance across the business.