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Targa Resources Partners' CEO Discusses Q3 2011 Results - Earnings Call Transcript

Targa Resources Partners LP ( NGLS)

Q3 2011 Earnings Call

November 7, 2011 9:00 pm ET

Executives

Joe Brass – Director, Finance

Rene R. Joyce – Chief Executive Officer

Matthew J. Meloy – Chief Financial Officer, Senior Vice President and Treasurer

Michael A. Heim – Executive Vice President and Chief Operating Officer

Analysts

Bradley Olsen – Tudor, Pickering, Holt & Co.

Darren Horowitz – Raymond James

Louis Shammy – Zimmer Lucas

T.J. Schultz – RBC Capital Markets

Yves Siegel – Credit Suisse

Michael Blum – Wells Fargo Securities, LLC

James Jampel – HITE Hedge

Helen Ryoo – Barclays Capital

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Targa Resources Third Quarter 2011 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we’ll have a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, today’s conference is being recorded.

I would now like to turn the conference over to your host for today, Mr. Joe Brass, Director of Finance. Sir, you may begin.

Joe Brass

Thank you, operator. I’m Joe Brass, and I’d like to welcome everyone to our third quarter 2011 investor call for both Targa Resources Corp. and Targa Resources Partners LP.

Before we get started, I’d like to mention that Targa Resources Corp., TRC or the Company, and Targa Resources Partners LP, Targa Resources Partners or the partnership have published their joint earnings release which is available on our website www.targaresources.com. We will also be posting an updated investor presentation to the website after the call.

Speaking on the call today will be Rene Joyce, Chief Executive Officer and Matt Meloy, Chief Financial Officer and Treasurer. Rene and Matt are going to be comparing the third quarter 2011 results to prior period results, as well as providing additional color on our results, business performance and other matters of interest.

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