Entergy Corp (ETR) Q1 2023 Earnings Call Transcript

Entergy Corp (NYSE:ETR) Q1 2023 Earnings Conference Call April 26, 2023 11:00 AM ET

Company Participants

William Abler - VP, IR

Andrew Marsh - Chairman & CEO

Kimberly Fontan - EVP & CFO

Roderick West - Group President, Utility Operations

Conference Call Participants

Shahriar Pourreza - Guggenheim Securities

Durgesh Chopra - Evercore ISI

Julien Dumoulin-Smith - Bank of America Merrill Lynch

David Arcaro - Morgan Stanley

Steven Fleishman - Wolfe Research

Ross Fowler - UBS

Operator

Good morning. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to Entergy's First Quarter 2023 Earnings Conference Call. [Operator Instructions].

I would now like to turn the call over to Bill Abler, Vice President of Investor Relations for Entergy Corporation.

William Abler

Good morning, and thank you for joining us. We'll begin today with comments from Entergy's Chairman and CEO, Drew Marsh; and then Kimberly Fontan, our CFO, will review results. In an effort to accommodate everyone who has questions, we request that each person ask no more than 2 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.

Andrew Marsh

Thank you, Bill, and good morning, everyone. We had a very productive start to the year with meaningful progress on activities that support our near- and long-term objectives. Today, we are reporting first quarter adjusted earnings per share of $1.14. Mild weather affected these results, but we are prepared for this variability. As we have shown over the last several years, our FLEX program helped us achieve that very predictable results. We are on track for 2023 results in line with our guidance, and we remain well positioned to achieve our long-term 6% to 8% growth outlooks.

Our focus on creating sustainable value for our 4 key stakeholders, customers, employees, communities and owners is the foundation of our strategy. It's at the center of everything we do. Recently, JUST Capital and CNBC named Entergy to the JUST 100 list, which highlights companies that are doing the right thing for all their stakeholders. We are honored because our inclusion on this list is an acknowledgment that we are living up to our commitments.