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

Stocks in this article: NGLS

Before we begin, I would like to remind you that any statements made during this call that might include the company’s or the partnership’s expectations or predictions should be considered forward-looking statements and are covered by the Safe Harbor provision of the Securities Acts of 1933 and 1934. Please note that actual results could differ materially from those projected in any forward-looking statements.

For a discussion of factors that could cause the actual results to differ, please refer to our SEC filings including the Partnership’s annual report on Form 10-K for the year ended December 31, 2010 and other quarterly reports on Form 10-Q, as well as the company’s registration statement on Form S-1 as amended.

A quick reminder before we get started into the results. With the closing of multiple acquisitions from TRC over the previous years and in accordance with accounting treatment for entities under common control, the results of operations of the Partnership include the historical results of these businesses for all periods reported.

With that, I will turn it over to Rene Joyce.

Rene R. Joyce

Thanks Joe. Welcome and thanks to everyone for participating in our third quarter conference call. Besides Matt and myself, there are several other members of the management team who will be available to assist in the Q&A session.

For today’s agenda, I will start off with a high-level review of performance, key accomplishments and business highlights for the quarter. We will then turn it over to Matt to review the Partnership’s consolidated financial results, segment results and other financial matters for the Partnership. Matt will also review key financial matters related to Targa Resources Corp. Following Matt’s comments, I will provide additional updates on some of our ongoing activities, and we will then take your questions at the end.

You may recall that Targa had a press release on October 19, which provided an update on selected projects and provided some explanation of our financial outlook given modern moving pieces in our businesses. Today’s earnings release, the third quarter 10-Qs and our current outlook for the business are consistent with the press release.

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