Unitil Corp. (NYSE:UTL) Q2 2020 Earnings Conference Call - Final Transcript

Jul 30, 2020 • 02:00 pm ET

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Unitil Corp. (NYSE:UTL) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good afternoon, everyone, and welcome to the Unitil Corporation Second Quarter Earnings conference Call. [Operator Instructions] And as a reminder, this conference call is being recorded.

I would now like to turn the conference over to your host for today, Mr. Todd Diggins.

Executive
Todd R. Diggins

Good afternoon, and thank you for joining us to discuss Unitil Corporation's Second Quarter 2020 Financial Results. With me today are Tom Meissner, Chairman, President and Chief Executive Officer; Larry Brock, Senior Vice President, Chief Financial Officer and Treasurer Dan Hurstak, Controller; and Todd Black, Senior Vice President, External Affairs and Customer Relations. Also in attendance today is Bob Hevert. Bob was recently appointed Senior Vice President, Chief Financial Officer and Treasurer, effective July 31, as we will discuss in further detail momentarily. We will discuss financial and other information about our second quarter results on this call. As we mentioned in the press release announcing the call, we have posted that information, including a presentation, to the Investors section of our website at www.unitil.com. We will refer to that information during this call.

On slide two, the comments made today about future operating results or future events are forward-looking statements under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause our actual results to differ materially from those predicted. Statements made on this call should be considered together with cautionary statements and other information contained in our most recent annual report on Form 10-K and other documents we have filed with or furnished to the Securities and Exchange Commission. Forward-looking statements speak only as of today, and we assume no duty to update them. This presentation contains non-GAAP measures. The accompanying supplemental information more fully describes these non-GAAP measures and includes a reconciliation to the nearest GAAP measures. The company believes these non-GAAP measures are useful in evaluating its performance. I will now turn the call over to Chairman, President and CEO, Tom Meissner.

Executive
Thomas Meissner

Thank you, Todd, and thanks, everyone, for joining us today. Before we start, moving to slide three, I'd like to introduce Bob Hevert, who was recently appointed Senior Vice President, Chief Financial Officer and Treasurer. Bob brings over 30 years of industry experience in regulatory matters and corporate finance and has testified in over 300 proceedings as an expert witness. In fact, Bob has testified on behalf of Unitil in each of the states where we operate, including most recently as the cost of equity witness in our recent rate case in Maine. Bob was previously with ScottMadden as Partner and Practice Area Leader of Rates, Regulation and Planning. We believe that Bob's proven track record of success and his broad industry experience will be of great value to the company and its shareholders. At this point, I'd like to give Bob the opportunity to just say a few words.

Executive
Robert B. Hevert

Thank you, Tom, and good afternoon, everyone. I have worked with Unitil on a variety of matters for many