Sempra Energy Management Discusses Q2 2012 Results - Earnings Call Transcript

Sempra Energy (SRE)

Q2 2012 Earnings Call

August 02, 2012 1:00 pm ET

Executives

Richard A. Vaccari - Vice President of Investor Relations

Debra L. Reed - Chief Executive Officer, Director and Chairman of Executive Committee

Joseph A. Householder - Chief Financial Officer and Executive Vice President

Mark A. Snell - President

Analysts

Naaz Khumawala - BofA Merrill Lynch, Research Division

Michael J. Lapides - Goldman Sachs Group Inc., Research Division

Leslie Rich - J.P. Morgan Asset Management, Inc.

Paul Patterson - Glenrock Associates LLC

Kit Konolige

Kit Konolige - Konolige Research, LLC

Presentation

Operator

Good day, everyone, and welcome to the Sempra Energy Second Quarter Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Rick Vaccari. Please go ahead.

Richard A. Vaccari

Good morning, and thank you for joining us. I'm Rick Vaccari, Vice President of Investor Relations. This morning, we'll be discussing Sempra Energy's second quarter 2012 financial results. Live webcast of this teleconference and slide presentation is available on our website under the Investors section.

With us today in San Diego are several members of our management team, Debbie Reed, Chief Executive Officer; Mark Snell, President; Joe Householder, Executive Vice President and CFO; Trevor Mihalik, Controller and Chief Accounting Officer; and Bruce Folkmann, Assistant Controller.

Before starting, I'd like to remind everyone that we will be discussing forward-looking statements on this call within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those discussed today. Factors that could cause our actual result to differ materially are discussed in the company's reports filed with the SEC. It's important to note that all of the earnings per share amounts in our presentation are shown on a diluted basis and that we will be discussing certain non-GAAP financial measures. Please refer to the presentation slides that accompany this call and to Table A in our second quarter 2012 earnings release for a reconciliation to GAAP measures. I'd also like to note that the forward-looking statements contained in this presentation speak only as of today, August 2, 2012, and the company does not assume any obligation to update or revise any of these forward-looking statements in the future.

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