DTE Energy Company's (DTE) CEO Jerry Norcia on Q2 2022 Results - Earnings Call Transcript

DTE Energy Company (NYSE:DTE) Q2 2022 Earnings Conference Call July 28, 2022 8:30 AM ET

Company Participants

Barbara Tuckfield – Director-Investor Relations

Jerry Norcia – Chairman, President and Chief Executive Officer

Dave Ruud – Senior Vice President and Chief Financial Officer

Conference Call Participants

Shar Pourreza – Guggenheim Partners

Jeremy Tonet – JPMorgan

Insoo Kim – Goldman Sachs

Nicholas Campanella – Credit Suisse

David Arcaro – Morgan Stanley

Andrew Weisel – Scotiabank

Ryan Levine – Citi

Steve Fleishman – Wolfe Research

Anthony Crowdell – Mizuho

Operator

Good morning. My name is Julianne, and I will be your conference operator today. At this time, I would like to welcome everyone to DTE Energy's Q2 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

Barbara Tuckfield, Director of Investor Relations, you may begin your conference.

Barbara Tuckfield

Thank you and good morning everyone. Before we get started, I would like to remind you to read the safe harbor statement on Page 2 of the presentation, including the reference to forward-looking statements. Our presentation also includes references to operating earnings, which is a non-GAAP financial measure. Please refer to the reconciliation of GAAP earnings to operating earnings provided in the appendix. With us this morning are Jerry Norcia, Chairman, President and CEO; and Dave Ruud, Senior Vice President and CFO.

And now I'll turn it over to Jerry to start the call this morning.

Jerry Norcia

Thanks, Barb, and good morning, everyone, and thanks for joining us. Let me start by saying that halfway through 2022, we are on track for another very successful year, and we continue to be well positioned for the future. This morning, I will highlight some of the successes we have accomplished this year, and Dave will provide a financial update and wrap things up before we take your questions.

Slide 4 lays out the topics I will talk about this morning and all are very positive. As I said, we are on track for another successful year at DTE. And it always starts with our commitment to deliver for our team, customers, communities and investors. We continue our journey of transitioning to a clean energy future, highlighted by putting our new natural gas plant in service, on time and on budget. We have made great strides on strengthening our grid, in particular, to prepare for potential severe weather.