Entergy Corporation (ETR) Q4 2022 Earnings Call Transcript

Entergy Corporation (NYSE:ETR) Q4 2022 Earnings Conference Call February 16, 2023 11:00 AM ET

Company Participants

Bill Abler - Vice President, Investor Relations

Drew Marsh - Chief Executive Officer

Kimberly Fontan - Chief Financial Officer

Rod West - President of Utility Operations

Conference Call Participants

Constantine Lednev - Guggenheim

Paul Zimbardo - Bank of America

David Arcaro - Morgan Stanley

Durgesh Chopra - Evercore ISI

Angie Storozynski - Seaport

Anthony Crowdell - Mizuho

Nicholas Campanella - Credit Suisse

Operator

Thank you for standing by, and welcome to Entergy Corporation's Fourth Quarter 2022 Earnings Release and Teleconference. At this time, all participants are in a listen-only mode. After the speakers presentation there will be a question-and-answer session. [Operator Instructions] As a reminder, today's program is being recorded.

And now, I'd like to introduce your host for today's program, Mr. Bill Abler, Vice President of Investor Relations. Please go ahead, sir.

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 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 strong results for another successful year. Our 2022 adjusted earnings per share was $6.42 in the top half of our guidance range. This is the seventh year in a row that our results have come in above our guidance midpoint.

Our steady predictable financial results are underpinned by our strategy to create value for our four key stakeholders, our customers, employees, communities and owners. Our strategy starts with learning from our customers what they need from us to be successful, and then we build an investment plan to meet those demands. As a result, we are investing in our power delivery system to improve reliability and resilience and significantly expanding our clean generation to support our rapidly growing industrial load and the decarbonization goals of our customers.