Constellation Energy Corporation (NASDAQ:CEG) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET

Company Participants

Emily Duncan - Senior Vice President, Investor Relations and Strategic Growth
Joseph Dominguez - President and Chief Executive Officer
Daniel Eggers - Executive Vice President and Chief Financial Officer
James McHugh - Chief Commercial Officer

Conference Call Participants

David Arcaro - Morgan Stanley
Steve Fleishman - Wolfe Research
Durgesh Chopra - Evercore ISI

Operator

Good day, ladies and gentlemen, and welcome to the Constellation Energy Corporation First Quarter Earnings Call. At this time, all participants are in a listen-only mode. [Operator instructions] As a reminder, this call may be recorded.

I would now like to introduce your host of today's call, Emily Duncan, Senior Vice President, Investor Relations and Strategic Growth. You may begin.

Emily Duncan

Thank you. Wanda. Good morning, everyone, and thank you for joining Constellation Energy Corporation's first quarter earnings conference call. Leading the call today are Joe Dominguez, Constellation's President and Chief Executive Officer; and Dan Eggers, Constellation's Chief Financial Officer. They're joined by other members of Constellation's senior management team, who will be available to answer your questions following our prepared remarks.

We issued our earnings release this morning along with the presentation, all of which can be found in the Investor relations section of Constellations website. The earnings release and other matters which we will discuss during today's call contain forward looking statements and estimates regarding constellation and its subsidiaries that are subject to various risks and uncertainties.

Actual results could differ from our forward looking statements based on factors and assumptions discussed in today's material and comments made during this call. Please refer to today's 8-K and Constellation's other SEC filings for discussions of risk factors and other circumstances and considerations that may cause results to differ from management's projections, forecasts and expectations.

Today's presentation also includes references to adjusted operating earnings and other non-GAAP measures. Please refer to the information contained in the appendix of our presentation and our earnings release for reconciliations between the non-GAAP measures and the nearest equivalent GAAP measures.

I'll now turn it over to Joe Dominguez, CEO of Constellation.

Joseph Dominguez

Wanda, thanks for getting us started this morning. And Emily, thanks for running through all that and laying out the agenda for today. Good morning, everyone.

Thank you for joining us. We had an excellent first quarter. Operationally and financially, we're making steady progress with technology customers on transactions that will power America into the future and employ thousands. And last week, we concluded meetings with our board where they authorized another billion dollars in stock buybacks because we believe in our strategy. This is the second buyback announcement in less than six months.