New Jersey Resources Corporation (NYSE:NJR) Q4 2023 Earnings Conference Call November 21, 2023 10:00 AM ET

Company Participants

Adam Prior - Director of Investor Relations

Stephen Westhoven - President and Chief Executive Officer

Roberto Bel - Senior Vice President and Chief Financial Officer

Patrick Migliaccio - Senior Vice President and Chief Operating Officer

Conference Call Participants

Travis Miller - Morningstar

Robert Mosca - Mizuho

Operator

Hello and thank you for standing by. My name is Regina and I will be your conference operator today. At this time, I would like to welcome everyone to the New Jersey Resources' Fiscal 2023 Fourth Quarter and Year-End Conference Call and webcast. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the conference over to Adam Prior, Director of Investor Relations. Please go ahead.

Adam Prior

Thank you so much. Welcome to New Jersey Resources' Fiscal 2023 Fourth Quarter and Year-End Conference Call and Webcast. I'm joined here today by Steve Westhoven, our President and CEO; Roberto Bel, our Senior Vice President and Chief Financial Officer; as well as other members of our senior management team.

Certain statements in today's call contain estimates and other forward-looking statements within the meaning of the securities laws. We wish to caution listeners of this call that the current expectations, assumptions and beliefs forming the basis for our forward-looking statements include many factors that are beyond our ability to control or estimate precisely.

This could cause results to materially differ from our expectations as found on slide one. These items can also be found in the forward-looking statements section of today's earnings release furnished on Form 8-K and in our most recent Forms 10-K and 10-Q as filed with the SEC. We do not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events.

We will also be referring to certain non-GAAP financial measures such as net financial earnings or NFE. We believe that NFE, net financial loss, utility gross margin, financial margin, adjusted funds from operation and adjusted debt provide a more complete understanding of our financial performance. However, these non-GAAP measures are not intended to be a substitute for GAAP. Our non-GAAP financial measures are discussed more fully in Item 7 of our 10-K.