This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Regency Energy Partners LP's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Before we turn to today's presentation, we would like to say a brief word about Regency's 2012 Annual Investor Day. It will be held at the Crescent Hotel in Dallas on March 28. At this event, we will provide an in-depth look at our operations and discuss our growth opportunities. We hope that you'll be able to join us. If you're interested in attending, the invitation is posted to the homepage of our website. Please RSVP by e-mailing or call us at (214) 840-5477.

With that, I'll turn the call over to Mike.

Michael J. Bradley

Thanks, Shannon, and good morning, and thank you for joining us today. I'm very pleased to say that Regency generated strong results for both the fourth quarter and the full year during, which we continue to grow our adjusted EBITDA, saw a significant increase in volumes in our Gathering and Processing segment and increased our distribution from an annualized rate of $1.78 in 2010 to $1.84 in 2011. 2011 was a significant and transformational year for Regency during which, we added a major NGL logistics platform with our acquisition of a 30% interest in the Lone Star Joint Venture. And as a result, we have a much larger scale and more diverse platform of services to offer our customers going forward.

Additionally, our footprint within the major liquid-rich plays like the Eagle Ford Shale in South Texas and the Permian Bone Spring formation in West Texas have created tremendous growth opportunities. This footprint, coupled with the addition of the Lone Star assets, enables us to provide producers with a complete range of services from wellhead all the way to fractionation and NGL storage in Mont Belvieu, one of the largest NGL storage, distribution and trading complexes in North America.

We have announced and plan to spend over $1 billion in organic growth capital over the next 18 months primarily in liquid-rich regions. These large-scale growth projects as well as the strategic location of our assets and active and emerging plays position Regency for additional growth over the next several years. We are very excited about the potential we see for Regency. I would like to briefly discuss our opportunities by business segment.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.31%
FB $102.01 0.10%
GOOG $682.40 -0.10%
TSLA $151.04 0.38%
YHOO $27.04 1.05%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs