Chesapeake Utilities Corporation (NYSE:CPK) Q3 2023 Results Conference Call November 2, 2023 8:30 AM ET

Company Participants

Beth Cooper - EVP, CFO, Treasurer and Assistant Corporate Secretary

Jeff Householder - Chairman, President and CEO

Jim Moriarty - EVP, General Counsel, Corporate Secretary and Chief Policy and Risk Officer

Conference Call Participants

Chris Ellinghaus - Siebert Williams Shank

Dylan Lipner - Ladenburg Thalmann

Tate Sullivan - Maxim Group

Brian Russo - Sidoti

Operator

Welcome to the Chesapeake Utilities Third Quarter 2023 Earnings Conference Call. At this time, all participants have been placed in a listen-only mode and the floor will be open for your question following the presentation. [Operator Instructions]

I would now like to turn the call over to Beth Cooper, Executive Vice President, Chief Financial Officer, Treasurer and Assistant Corporate Secretary. Please begin.

Beth Cooper

Thank you, and good morning, everyone. We appreciate you joining us today for Chesapeake Utilities' third quarter earnings call. As you saw in our press release issued yesterday, the Company delivered solid performance for the third quarter of 2023. Our performance on a year-to-date basis has offset consumption impacts from warmer temperatures in the first half of the year across our service territories. These items are detailed within the financial results that we will cover in just a few minutes.

Also, we continue to be very excited about the acquisition of Florida City Gas that we announced in September. We will be providing more details on the status of the transaction later in the call, but it's important to note that current year results have been adjusted to exclude transaction related expenses that were incurred during the third quarter 2023 related to the transaction. A reconciliation between our adjusted results and the comparable GAAP metrics can be found in our earnings release and the appendix of the earnings call presentation.

As shown on Slide 2, participating with me on the call today are Jeff Householder, Chairman, President and Chief Executive Officer; and Jim Moriarty, Executive Vice President, General Counsel, Corporate Secretary and Chief Policy and Risk Officer. We also have other members of our management team joining us virtually.

Today's presentation can be accessed on our website under the Investors Page in Events and Presentations subsection. After our prepared remarks as we typically do, we will open the call up for questions.

Moving to Slide 3, I would like to remind you matters discussed in this conference call may include forward-looking statements that involve risks and uncertainties. Forward-looking statements and projections could differ materially from our actual results. The Safe Harbor for forward-looking statements section of the Company's 2022 Form 10-K provides further information on the factors that could cause such statements to differ from our actual results.