Operator

Ladies and gentlemen, thank you for standing by, and welcome to the American States Water Company conference call discussing the company's first quarter 2026 results. This call is being recorded. If you would like to listen to the replay of this call, it will begin this afternoon at 5:00 p.m. Eastern Time and run through May 14 on the company's website at www.aswater.com.

The slides that the company will be referring to are also available on the website. [Operator Instructions] This call will be limited to 1 hour. Presenting today from American States Water company are Mr. Bob Sprowls, President and Chief Executive Officer; and Ms. Eva Tang, Senior Vice President of Finance and Chief Financial Officer. As a reminder, certain matters discussed during the conference call may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements are not guarantees or assurances of any outcomes, financial results, levels of activity, performance or achievements, and listeners are cautioned not to place undue reliance upon them. Forward-looking statements are subject to estimates and assumptions and known to unknown risks, uncertainties and other factors. Listeners should review the description of the company's risks and uncertainties that could affect the forward-looking statements in our most recent Form 10-K and Form 10-Q on file with the Securities and Exchange Commission.

Statements made on this conference call speak only as the date of this call and expect as required by law. The company does not undertake any obligation to publicly update or revise any forward-looking statements.

In addition, this conference call