10/31/2023

speaker
Operator
Conference Call Operator

Good day and welcome to the One Gas 2023 Third Quarter Earnings Conference Call. Today's conference is being recorded. At this time, I would now like to turn the conference over to Erin Daly. Please go ahead, Ms. Daly.

speaker
Erin Daly
Investor Relations

Thank you, Elliot. Good morning, everyone, and thank you for joining us on our Third Quarter 2023 Earnings Conference Call. This call is being webcast live and a replay will be available later today. After our prepared remarks, we are happy to take your questions. 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 a 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 Steinens, Senior Vice President and Chief Operating Officer. And now I'll turn the call over to Sid.

speaker
Sid McAnally
President & Chief Executive Officer

Thanks, Erin, and good morning, everyone. Thank you for joining us as we discuss our third quarter performance. Prudent management and operational execution have kept us on track to achieve the midpoint of our 2023 financial guidance, despite strengthening macroeconomic headwinds affecting our industry. As our results show, we've met the dual challenges presented by inflation and higher interest rates this year while also leveraging process improvements to better balance our capital deployment, putting us ahead of our capital plan for the year. We continue to effectively meet growing customer demand while also prioritizing safety and enhancing the reliability of our system. The investments we're making position us well to support growing customer needs long into the future. I've spoken before about the economic growth we're experiencing in Texas, Oklahoma, and Kansas. An effective mix of business-friendly government policies, access to affordable energy, and attractive costs of living are converging to bring new manufacturing and technology-based jobs to our region. With these jobs come families needing places to live and looking to become parts of our communities. Economic development of this kind is the most durable variety of growth as it rests on strong and long-dated fundamentals. This type of development also presents growing demand for natural gas for homes, for businesses, and for industry. While the jump in interest rates has understandably pressured home building in the near term, we remain bullish about the intermediate and long-term pillars of growth across our regions. As we deploy capital, we remain thoughtful about making the right investments so our system is capable of reliably serving the growing customer base that we see today and the substantial increase in growth that is to come. As always, safety remains our top priority. Now I'll turn it over to Karen to discuss our financial performance for the quarter. Karen?

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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