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Quicksilver Resources' CEO Discusses Q3 2011 Results - Earnings Call Transcript

Quicksilver Resources (KWK)

Q3 2011 Earnings Call

November 07, 2011 11:00 am ET

Executives

Philip W. Cook - Chief Financial Officer and Senior Vice President

Glenn M. Darden - Chief Executive Officer, President and Director

John E. Hinton - Vice President of Finance

Analysts

Pearce W. Hammond - Simmons & Company International, Research Division

Kim M. Pacanovsky - McNicoll, Lewis & Vlak LLC, Research Division

James Spicer

Michael Scialla - Stifel, Nicolaus & Co., Inc., Research Division

David Snow - Energy Equities

Noel A. Parks - Ladenburg Thalmann & Co. Inc., Research Division

John C. Nelson - Macquarie Research

Marshall H. Carver - Capital One Southcoast, Inc., Research Division

Patrick Melia

Richard Dearnley - Longport

Gil Yang - BofA Merrill Lynch, Research Division

Brian M. Corales - Howard Weil Incorporated, Research Division

Unknown Analyst -

David Heikkinen - Tudor, Pickering, Holt & Co. Securities, Inc., Research Division

Presentation

Operator

Good morning, and welcome to the Quicksilver Quarter 3 2011 Earnings Conference Call. [Operator Instructions] I will now like to turn the conference call over to John Hinton, Vice President of Investor Relations. Thank you, Mr. Hinton, you may begin the conference.

John E. Hinton

Thank you, Patrick, and good morning. Joining me today are Toby Darden, Chairman; Glenn Darden, President and Chief Executive Officer; Phil Cook, Senior Vice President and Chief Financial Officer; and Chris Cirone, Senior Vice President and General Counsel.

This morning, the company issued a press release detailing Quicksilver's results for the third quarter of 2011. If you do not have a copy of the release, you can retrieve a copy of it on the company's website at www.qrinc.com under the News and Updates tab. During today's call, the company will be making forward-looking statements, which are subject to risks and uncertainties. Actual risks may differ materially from those projected in these forward-looking statements. Additional information concerning risk factors that could cause such differences is detailed in the company's filings with the SEC. Today's presentation will include information regarding adjusted net income, which is a non-GAAP financial measure. As required by SEC rules, reconciliation of adjusted net income to the most directly comparable GAAP measures are available on our website under the Investor Relations tab. I will now turn the call over to Glenn Darden to review our financial and operating activities in detail.

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