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February 23, 2012 11:30 am ET
Joe Brass - Director, Finance
Joe Bob Perkins - CEO
Matt Meloy - CFO & Treasurer
Darren Horowitz - Raymond James
Stephen Maresca - Morgan Stanley
Catheleen King - Bank of America
Michael Blum - Wells Fargo
John Edwards - Morgan Keegan
Craig Shere - Tuohy Brothers
Bradley Olsen - Tudor, Pickering, Holt & Co.
Good day, ladies and gentlemen, and welcome to the Targa Resources Fourth Quarter 2011 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. (OperatorInstructions) As a reminder, this conference is being recorded.
I would now like to turn the conference over to Joe Brass. You may begin.
Thank you, operator. My name is Joe Brass, I’d like to welcome everyone to our fourth quarter and full-year 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.