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DBA Sempra
8/5/2021
Good day and welcome to the SEMPRA Second Quarter Earnings Call. Today's conference has been recorded, and at this time, I'd like to turn the conference over to Nellie Milano. Please go ahead.
Good morning, everyone, and welcome to our Second Quarter 2021 Earnings Call for SEMPRA. A live webcast of this teleconference and its live presentation is available on our website under the Investor section. On the line with us today, we have several members of our management team, including Jeff Martin, Chairman and Chief Executive Officer, Trevor Mihalik, Executive Vice President and Chief Financial Officer, Justin Bird, Chief Executive Officer of SEMPRA LNG, Alan Nye, Chief Executive Officer of Oncor, Kevin Sagara, Group President, and Peter Wall, Senior Vice President, Controller, and Chief Accounting Officer. Before starting, I'd like to remind everyone that we'll be discussing forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in any forward-looking statement we make today. The factors that could cause our actual results to differ materially are discussed in the company's most recent 10-K and 10-Q file with the SEC. All of the earnings per share amounts in our presentation are shown on a diluted basis and will be discussing certain non-GAAP financial measures. Please refer to the presentation slides that accompany this call for a reconciliation to GAAP measures. I'd also like to mention that forward-looking statements contained in this presentation speak only as of today, August the 5th, 2021, and the company does not assume any obligation to update or revise any of these forward-looking statements in the future. With that, please turn to slide four, and let me hand the call over to Jeff.
Thank you, Nellie. I want to start today by thanking those that attended our Virtual Investor Day this past June and also mention that the team and I really enjoyed getting back on the road this past month and seeing many of you in person. As we discussed at our Investor Day, we've simplified our business model, narrowed our investment strategy to attractive markets, and improved capital discipline. all with the goal of offering a competitive value proposition, including consistent and attractive returns, strong earnings visibility and EPS growth, and a sustainable and growing dividend. Additionally, at the investor day, Alan Nye highlighted the robust growth that Encore continues to see all across its service territory. And as a result, Encore is increasing its capital plan, which Trevor describes in further detail later in today's presentation. Shifting now to the quarter, I'm pleased with our financial results and I think it's a testament to the affirmative steps we've taken to simplify our business model and focus our capital investments on top tier infrastructure growth platforms. We're reporting strong earnings and affirming both our increased 2021 adjusted EPS guidance range and our 2022 EPS guidance range. I'm excited about the progress we've made so far this year, and I'm proud of the broad support we're seeing all across our operating businesses. Now, please turn to the next slide where I'll turn the call over to Trevor to provide both business and financial updates. Thanks, Jeff.
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