New Jersey Resources Corporation (NYSE:NJR) Q2 2024 Earnings Conference Call May 7, 2024 10:00 AM ET

Company Participants

Adam Prior - Director, IR
Steve Westhoven - President, CEO, & Director
Roberto Bel - CFO & SVP

Conference Call Participants

Richard Sunderland - JPMorgan Chase & Co.

Operator

Thank you for standing by. My name is John, and I will be your conference operator today. At this time, I would like to welcome everyone to the New Jersey Resources Fiscal 2024 Second Quarter Conference Call and Wsebcast. [Operator Instructions].

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

Adam Prior

Thank you. Welcome to New Jersey Resources' fiscal 2024 second-quarter 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 differ materially from our expectations as found on slide 1.

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 statements 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 operations, 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.

The slides accompanying today's presentation are available on our website and were furnished on our Form 8-K filed this morning. Our agenda for today is found on slide 4. Steve will begin with this year's highlights, followed by Roberto, who will review our financial results, then we'll open it up for your questions.