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ONE Gas, Inc.
8/1/2023
Good day and welcome to the OneGas 2023 second quarter earnings conference call. Today's conference call is being recorded. At this time, I would like to turn the conference over to Erin Daly. Please go ahead, Ms. Daly.
Good morning and thank you for joining us on our second quarter 2023 earnings conference call. This call is being webcast live and a replay will be available later today. After our prepared remarks, we will 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 statement. For discussion of factors that could cause actual results to differ, please refer to our SEC filing. 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 Dynan, Senior Vice President and Chief Operating Officer. And now I'll turn the call over to Sid.
Thanks Erin and good morning everyone. We're happy to be with you today to share second quarter results and discuss our performance through the first half of the year. We continue our commitment to safely operating a growing system while cultivating long-term value. Our second quarter activities and financial results reflect focused management of both our business and external economic forces through diligent plan execution by our entire team. On last quarter's call, we shared our efforts to meet the needs of our expanding customer base while prioritizing safety, reliability, and environmental responsibility. On June 30th, we published our 2023 ESG report, which highlights our focus on supporting our coworkers and communities, employing sound governance practices, and reducing our emissions. In addition to reporting Scope 2 emissions for the first time, we're pleased to report that we have reduced our Scope 1 emissions due to leaks on mains and services by 48% since 2005, keeping us on track to meet our 2035 goal. As we manage the impact of macroeconomic conditions, we're also building work processes that increase efficiency and develop our workforce. Curtis will speak to our long-term strategy of reducing costs and improving outcomes when he describes our modified approach to damage prevention and line locating. This strategy is one example of how we're reacting to the current economic environment while also building our capacity for the future. Our service territory continues to experience robust growth as a favorable business environment and a more focused economic development effort bring new investment to our region. A recent example is the May announcement by Enel North America to locate one of the United States' largest solar panel manufacturing facilities in Enola, Oklahoma, about 25 miles east of Tulsa. We remain well positioned to continue our support for the ongoing regional economic expansion across our service territory. I'll turn it over to Karen to discuss financial details for the quarter. and then to Curtis to review our regulatory, operations, and commercial activities before returning to offer a final perspective. Karen?
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