New Jersey Resources Corporation (NJR) Q3 2018 Results - Earnings Call Transcript

8/8/18

New Jersey Resources Corporation (NYSE:NJR) Q3 2018 Results Earnings Conference Call August 7, 2018 10:00 AM ET

Executives

Steve Westhoven - Executive Vice President and COO

Pat Migliaccio - SVP and CFO

Dennis Puma - Director, IR

Analysts

Travis Miller - Morningstar

Paul Zimbardo - Citadel

Michael Gaugler - Janney

Dennis Coleman - Bank of America Merrill Lynch

Operator

Good morning ladies and gentlemen, and welcome to the New Jersey Resources' Third Quarter Fiscal Year 2018 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

At this time, I would like to turn the conference over to Dennis Puma, Director of Investor Relations. Please go ahead sir.

Dennis Puma

Thank you Denise and good morning everybody. Welcome to New Jersey Resources' third quarter fiscal 2018 conference call and webcast. I’m joined here today by Steve Westhoven, our Executive Vice President and COO, Pat Migliaccio, our Senior Vice President and CFO, 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, which 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 on our most recent Forms 10-K and 10-Q filed with the SEC. We do not by including the statement assume any obligation to review or revise any particular forward-looking statements referenced herein, in light of future events.

Turning to Slide 2, we will be referring to certain non-GAAP financial measures such as Net Financial Earnings or NFE. We believe that NFE provides a more complete understanding of our financial performance. However, NFE is not intended to be a substitute for GAAP. Our non-GAAP financial measures are discussed more fully in item 7 of our 10-K. I'd also like to point out that there are slides accompanying today's discussion, which are available on our website and were also furnished on our Form 8-K filed this morning.

With that said, I'd like to turn the call over to Steve Westhoven, Steve?

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