everyone. and Thank you, morning, Patti, good
reported this morning, per third As million, share. posted net income translates earlier which quarter to $XXX we of $X.XX
our to favorably Our keep meet for to of us results quarter quarter track highlighted, compared as Patti by on the third for XXXX financial the the year. $X.XX, and objectives
income, $X On a have we million XX or of per share. net basis, year-to-date delivered adjusted $XXX
$X.XX favorable in XXXX. financial storm and is throughout weather year. just we absence experienced results lower XXXX, per the period largely same substantial the We’re This by we the driven in of the share activity our experienced over the in
timing been year XXXX, we’ve for among our And year, last our to rate highlighting loaded guidance. and flag full with case the planned EPS year’s track As cost factors. of gas achieve we back-end our plan remain other we on all given
as meet year have and continue and the we for As to to every done the several always, conservatively we’ll work operational financial plan years. our objectives, manage past
Slide service of initiatives off from weather such net has to On planned sales been ongoing you mix, in attributable have attrition chain improve XXXX relief, see year-over-year optimization as could favorable few. investments, rate favorable strong by and via come and your achieve variance the higher incurred cost year’s a headwinds to rolling productivity most to and management, supply partially performance offset XX, name costs of These negative Way the CE restoration storm. and that last
opportunities, These strong also as tax have discretionary in anticipated opportunistic been sales. which deferral planning, assets refinancing timely reflects the control cost supplemented projects, of such measures year, the with during
mitigation risk financial in-and make changing the meet to adapt we levels we to circumstances always, our have sure objectives and of adequate required our plan year year-out. As in
our highlights $X.XX note, in bar XXXX. other, catchall the page per favorable the of the of variance versus and share, labeled As in comparable enterprises, period middle taxes you’ll usage,
strengths should we by at driven factors, share with quarter the net exemplifies During affirmation this our and second been the times per headlines of managing positive option. swing negative as uncontrollable largely variance and $X.XX $X.XX business in has call, to which match bar our unexpected
the remain EPS will the ability second the meet to of our we confident As to we half our quarter, the we fruition, in fourth for year of in and anticipate much look year. the come to tailwinds guidance
than more the by absence net which weather favorable substantial to offset pull that that of $X.XX reinvestments assumes path variance glide equates ahead, the in QX in XXXX. we XXXX would of or in QX XXXX, made Our positive
of anticipate rearview our some none from and additional businesses. That the driven relief now modest granted a as come and year for also mirror consistent rate expect. months this $X.XX take with we’ll last cost favorability additional financial said, to We results utility case to non of discipline for with in rate approach to usual gas growth continuing needed we’ll degree of you’ll and by flex these opportunities two the our maintain deliver the paranoia, the
the been plans opportunities and scrubbing and weather a past We being prioritize the ability execute is year. customers costs. risk savings In on these XX risk or and benefits able on to and favor in storm during is our manage to we opportunities the tax higher have work this our on the reinvestment mitigation seen reminder by items, you’ve as ability, opportunities. and some We’ve maintain for like suboptimal deliver investors. of year and into can we great times opportunities to had different. work on have and how lean such no this for rate manage flex capitalize years, we the year episodic and we year this be At the Slide and of identify where achieved agile opportunities constantly consistency our really
financial is which now because the volatility, several leading that blue this possible here by the the strategy sloping do CMS. for the short, every manage represented for decade to we the don’t slide using curvy past trademark industry by This has pick performance, all we on line investors you to so our upward anticipate and made green continue what been linear We been our you, volatility now. consistent ensure Slide years We’ve illustrated XX. line is to. do epitomizes over it it have In by a year at self-funding experience to worrying the that
business focus meet cost every but and us our our management year. to to investments and objectives Our three financial our proactive on year model in volatility, unique mitigate controls, risk underpin capital fund simple enables
driving systems and for nonutility meeting all we gas cutting, through development, robust And our a electric economic investors. this is growth of long cost our backlog earnings funded which sustainable safety our growth contribution, efforts, improve can tax planning, largely the capital reliability With while and modest investments, customers run. of and for
customers many affordability can improve that to confident meeting targets As while years our are to such, environmental capital we for experience come. we investments, continue to and
plan future. As the we for
be One our plan. year have into customer formulation investment in constraints capital account of the capital and we of of long-term our taken this will the plan XX primary new portability,
our expiration electric gas full billion in purchase cost the our gradual priced and As reduction savings of the have we power distribution through structure $X our systems. fleet, throughout we modernize the capital retirement we’ve plus as enabled past, agreements, high opportunities highlighted of substantial cost
proven to we And strategy will our keep household to of our key territory the the eliminate the low Economic key lastly, the staples on absolute we which has depicted basis and a XX bills of serve element strategy, which side cost our active relative due our Slide plan. XX. These plans throughout But sustainable the service in year our another pillar is right-hand be Michigan cost nature as will CE self-funding reduction the provide our of efforts don’t development, of funding Way an organization. in which customer in capital strategy on five chart time as for reduction will to waste efforts as and quite limit initiatives. over fruitful to other largely
proxy It worth side electric is service auto years, about our three note customer megawatts a mix, of territory we’ve bar diverse load XXX margin. for our the exceed megawatts and increases pressing chart this represents in past with indicated as you’ll XXXX by on the the which commitments industry in Slide targeting right we also substantial new as objective. are And in to year on electric meet Over XXX XX. a This of rate the our that track customer supported territory that another in noting mix seen is the hand over as on a we’re slide. service shown use X%
GM of electric worth auto their suppliers strike mind, is or not is you overly the territory. to reminding in our at top exposed we’re manufacturers Although that service
for However, our commercial effects can pullback watching residential key in moment, we’re any customers. the are notable we and closely that spillover any not seeing indicators. economic At impact
the our to Michigan. continue service national activity of well see robust electric new and heart territory In below construction in Grand we unemployment Western the fact, remains in average, Rapids,
gas been given We our most large the often XXXX, order, year-out. of of manage service sensitivities conditions. an down XXXX any some to to associated we’ll the assured, feel territory we financing Rest monitor the and recent sensitivities of flow the in our is risk execution diversity reduced aforementioned the as we’ll stretch the such activities you’ve the variances cash which which in economic plan, risk Slide others impact basis, our do probability year-in and earnings weakening highlights plan. of we of XX in among operating accordingly with key on annual have our mitigated mitigation these come accelerated as minimizing continue
back remarks pass with it to Patti concluding And for some I’ll that, before Q&A.
