Entergy Corporation (ETR) CEO Leo Denault On Q1 2022 Results - Earnings Call Transcript

Entergy Corporation (NYSE:ETR) Q1 2022 Earnings Conference Call April 27, 2022 11:00 AM ET

Company Participants

William Abler - Vice President Investor Relations

Leo Denault - CEO

Andrew Marsh - CFO

Rod West - President of Utility Operations

Conference Call Participants

Shar Pourreza - Guggenheim Partners

Nicholas Campanella - Credit Suisse

Jeremy Tonet - JPMorgan

Durgesh Chopra - Evercore ISI

Julien Dumoulin-Smith - Bank of America

Jonathan Arnold - Vertical Research

James Thalacker - BMO Capital Markets

Ross Fowler - UBS

Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear. The machine-assisted output provided is partly edited and is designed as a guide.

Operator

00:05 Thank you for standing by, and welcome to the Entergy Corporation's First 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.

00:24 I would now like to introduce your host for today's program, Bill Abler, Vice President, Investor Relations. Please go ahead, sir.

William Abler

00:32 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 effort to accommodate everyone who ask questions, we request to each person ask no more than two question.

00:51 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.

01:08 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.

01:22 And now, I will turn the call over to Leo.

Leo Denault

01:24 Thank you, Bill and good morning, everyone. Today, we are reporting first quarter adjusted earnings of $1.32 per share, a very good start for the year. With favorable weather and higher-than-planned retail sales, we are ahead of schedule and solidly on track to achieve our 2022 objectives. And we remain on track for our longer-term outlooks. During the quarter, we continued to execute on both our near and long-term deliverables, just as we have over the last several years. We've made demonstrable progress on our operational, strategic and financial objectives.