El Paso Electric Co. (NYSE:EE) Q1 2018 Earnings Conference Call - Preliminary Transcript

May 03, 2018 • 11:30 am ET


El Paso Electric Co. (NYSE:EE) Q1 2018 Earnings Conference Call - Preliminary Transcript


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Good day, and welcome to the El Paso Electric Company First Quarter 2018 Earnings Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Lisa Budtke. Please go ahead, ma'am.

Lisa Budtke

Thank you, Amy. Good morning, everyone. Thank you for joining the El Paso Electric Company first quarter 2018 earnings call. My name is Lisa Budtke, and I am the Director, Treasury Services and Investor Relations. On the call today are, CEO, Mary Kipp; CFO, Nathan Hirschi; and other members of senior management. You should have a copy of our press release and today's presentation.

If you do not, you can obtain them from our website. We currently anticipate that our first quarter Form 10-Q will be filed with the Securities and Exchange Commission on or before May 4. We would also like to inform you that we will be attending Citi's Global Energy & Utilities Conference on May 15 and 16 in Boston.

We will also be holding our Annual Shareholders Meeting at our corporate headquarters in El Paso, Texas on Thursday, May 24th. Lastly, we will be participating in the Bank of America Merrill Lynch West Coast Utilities Conference on May 30th and June 1st in Los Angeles and San Francisco. Please refer to our upgraded Investor Relations section of our website for any upcoming events.

A replay of today's call will be available shortly after our call ends and will run through May 17. The details as they relate to the replay are disclosed in our press release. For forward-looking statements, on Slide 2 of our presentation, you can see our Safe Harbor provisions. In summary, our comments and answers to your questions may include forward-looking statements made pursuant to the Safe Harbor provisions on the Private Securities Litigation Reform Act of 1995.

Such forward-looking statements involve known and unknown risks and other factors, which may cause the company's actual results in future periods to differ materially from those expressed here. Any such statement is based on management's current expectations and is qualified by reference to the risks and factors discussed in the company's SEC filings.

Our annual report on Form 10-K and other SEC filings contain our forward-looking Safe Harbor statements and also lay out the risk factors that should be considered. These filings may be obtained upon request from the company on our website or from the SEC. The company cautions that the risk and other factors discussed in the company's SEC filings are not exhaustive, and we do not undertake to update any forward-looking statement.

Any such statements made during the call are subject to such risk and other factors. On Slide 3, in addition to disclosing financial results that are determined in accordance with the Generally Acceptable Accounting Principles, or GAAP, the company has provided adjusted net loss, which is the non-GAAP financial measure.

Management believes that providing this additional information is useful to investors in understanding the company's core operating performance, because it removes the effects