ONE Gas, Inc.

Good day and welcome to the One Gas 2022 fourth quarter and year end earnings conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Brandon Locey. Please go ahead, sir.

Good morning and thank you for joining us on our fourth quarter and year end 2022 earnings conference call. This call is being webcast live and a replay will be made available later today. After our prepared remarks, we'll be happy to take your questions. A reminder that statements made during this call that might include one gas expectations or predictions should be considered forward-looking statements and are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, and the Securities and Exchange Act of 1934, each as amended. Actual results could differ materially from those projected in any forward-looking statements. For discussion of factors that could cause actual results to differ, please refer to our SEC filings. Joining us on the call this morning are Sid McAnally, President and Chief Executive Officer, Karen Lawhorn, Senior Vice President and Chief Financial Officer, and Curtis Dinan, Senior Vice President and Chief Operating Officer. And now I'll turn the call over to Sid.

Thanks, Brandon, and good morning, everyone. Our fourth quarter and full year results reflect consistent performance against the guidance we communicated at the beginning of last year. Despite a range of geopolitical and monetary policy factors, which sharply altered the macroeconomic landscape during the year, our teams delivered earnings and capital execution squarely in line with our original plans. To put this achievement in context, in 2014, our first year as a standalone entity, we deployed a total of $262 million in core capital, with just $47 million to support growth initiatives. Last year, we spent $657 million approximately two and a half times our first year total, with $197 million dedicated to expansion initiatives, a quadrupling of our growth investment compared to that initial year. We began 2023 with our approach unchanged, being prudent in managing the present and remaining consistent in our commitment to the long-term execution of our core businesses and growth strategies. Leveraging lessons we learned from Winter Storm URI and the system enhancements we made in its wake I'm pleased to report our business performed well during winter storm Elliott in December and winter storm Maura last month. Consistent execution during these formidable weather events underscores the value of natural gas distribution networks such as ours, particularly as we look at reliable service on winter heating loads. It also underscores the logic behind the all of the above energy policies in the states we serve. On the regulatory front, The recent approval of our West North Texas rate case represents a constructive outcome and recognition by our regulators of the need for ongoing investments to enhance system integrity and respond to regional economic development opportunities. As legislative sessions are underway in all three of our states, it's worth noting that each will be working with a sizable budget surplus capable of supporting continued economic development in our service territory. With that introduction, I'll turn it over to Karen to discuss financial details for the quarter and the full year. Karen?