New Jersey Resources Corporation (NYSE:NJR) Q3 2024 Results Conference Call August 6, 2024 10:00 AM ET

Company Participants

Adam Prior - Head of Investor Relations
Steve Westhoven - President and Chief Executive Officer
Roberto Bel - Senior Vice President and Chief Financial Officer
Pat Migliaccio - Senior Vice President and Chief Operating Officer

Conference Call Participants

Richard Sunderland - JPMorgan
Travis Miller - Morningstar
Michael Gaugler - Janney Montgomery Scott
Robert Mosca - Mizuho

Operator

Hello. My name is Ellie, and I will be your operator for today. I would like to welcome everyone to New Jersey Resources Fiscal 2024 Third Quarter Conference Call. For those of you listening on the live call, all participants will be on listen-mode only. After today’s participation and presentation, there will be an opportunity to ask questions. [Operator Instructions] Thank you.

I'd now like to hand over to Adam Prior, Head of Investor Relations. You may now begin.

Adam Prior

Thank you. Welcome to New Jersey Resources Fiscal 2024 third 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 of 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 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 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 operations and adjusted debt provide a more complete understanding of our financial performance. However, these non-GAAP financial 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.