Entergy Corporation (ETR) CEO Leo Denault on Q2 2022 Results - Earnings Call Transcript

Entergy Corporation (NYSE:ETR) Q2 2022 Earnings Conference Call August 3, 2022 11:00 AM ET

Company Participants

Bill Abler - Vice President Investor Relations

Leo Denault - Chief Executive Officer

Drew Marsh - Chief Financial Officer

Rod West - President of Utility Operations

Conference Call Participants

Constantine Lednev - Guggenheim

Paul Zimbardo - Bank of America

Jeremy Tonet - JPMorgan

Jonathan Arnold - Vertical Research Partners

David Arcaro - Morgan Stanley

David Paz - Wolfe Research

Michael Lapides - Goldman Sachs

Paul Patterson - Glenrock

Operator

Thank you for standing by. And welcome to the Entergy Corporation Second Quarter 2022 Earnings Release. 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 may be recorded.

And now, I'd like to introduce your host for today's program, 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 Chairman and CEO, Leo Denault; and then Drew Marsh, 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 Leo.

Leo Denault

Thank you, Bill. Good morning, everyone. Today, we are reporting strong second quarter adjusted earnings of $1.78 per share. Robust economic activity and supportive fundamentals drove favorable sales trends in our commercial and industrial sectors and hot weather drove increased residential and commercial sales. We are also seeing growing residential customer counts supported by strengthening wage and employment data.

Given the results to date as well as our view of the balance of the year, we are tracking towards the upper half of our 2022 guidance range and remain squarely on pace to achieve our longer-term 6% to 8% growth outlooks.