Entergy Corporation (ETR) Q3 2022 Earnings Call Transcript

Entergy Corporation (NYSE:ETR) Q3 2022 Earnings Conference Call November 2, 2022 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

Jeremy Tonet - JPMorgan

Shar Pourreza - Guggenheim

David Arcaro - Morgan Stanley

Durgesh Chopra - Evercore ISI

Paul Zimbardo - Bank of America

Michael Lapides - Goldman Sachs

Ross Fowler - UBS

Sophie Karp - KeyBanc

Operator

Thank you for standing by. And welcome to the Third Quarter 2022 Entergy Corporation Earnings Release. At this time, all participants are in 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, 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 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 has 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. Yesterday, the planned leadership succession that we announced in August took effect. While I am honored to have the opportunity to lead this great company, I am not alone.

Leo remains as the Executive Chair for the next few months and we will continue to execute at a high level on our strategic path. Leo built a strong bench of talented leaders. Kimberly Fontan takes over as Chief Financial Officer, and Kimberly Cook-Nelson assumes the role of Chief Nuclear Officer.

Meanwhile, Chris Bakken will serve as the Executive Vice President of Entergy Infrastructure to provide leadership and mentorship to both Pete Norgeot, who was recently promoted to Chief Operating Officer; and Kimberly Cook-Nelson as they settle into our top operational roles.