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Williams Companies' CEO Discusses 2011 Results - Earnings Call Transcript

Williams Companies (WMB)

2011 Earnings Call

February 23, 2012 9:30 am ET


Travis N. Campbell - Head of Investor Relations

Alan S. Armstrong - Chief Executive Officer, President, Director, President of Midstream Gathering & Processing, Chairman of Williams Partners GP LLC and Chief Executive Officer of Williams Partners GP LLC

Rory Miller - Senior Vice President of Midstream

Randall L. Barnard - Senior Vice President of Gas Pipeline

Donald R. Chappel - Chief Financial Officer and Senior Vice President


Craig Shere - Tuohy Brothers Investment Research, Inc.

Sharon Lui - Wells Fargo Securities, LLC, Research Division

Theodore Durbin - Goldman Sachs Group Inc., Research Division

Bradley Olsen

Carl L. Kirst - BMO Capital Markets U.S.

Rebecca Followill - U.S. Capital Advisors LLC, Research Division


Travis N. Campbell

Good day, everyone. I'm Travis Campbell, and I head up the Investor Relations team here at Williams. Before I turn it over to Alan Armstrong, let me go through a few housekeeping items. Today, we put on our website,, the slides that Alan will shortly be discussing. You can download those slides for viewing and a podcast of his remarks, if you desire. As always, we thank you for your interest in the company. In a minute, Alan Armstrong, our President and CEO, will review the slides that we have this quarter. Tomorrow, our business units heads and Don Chappel will be available to respond to questions on our analyst call in the morning at 9:30 Eastern Time.

You'll notice that all the results and guidance in today's slides, including the EPS numbers, are presented excluding WPX. Be aware that this is different from the EPS guidance given on the third quarter slides. Don't let this confuse you because numbers on the Street have included the former E&P company and results presented today do not.

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