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Vanguard's Management Discusses Q4 2011 Earnings Results - Earnings Call Transcript

Vanguard Natural Resources, LLC (VNR)

Q4 2011 & Year End Earnings Call

March 1, 2011 11:00 am ET


Lisa Godfrey – Investor Relations

Scott W. Smith – President, Chief Executive Officer & Director

Richard A. Robert – Chief Financial Officer, Executive Vice President & Secretary

Douglas Pence – Senior Vice President Engineering


Ethan Bellamy – Robert W. Baird & Co., Inc.

Michael Blum – Wells Fargo Securities, LLC.

Justin Kinney – Stifel Nicolaus & Company

[Erin Terry] – Kane Anderson



Welcome to the Vanguard Natural Resources Q4 and year end earnings conference call. During the presentation today, all parties will be in a listen only mode. Following the presentation the conference will be opened to questions. (Operator Instructions) This conference is being recorded today, Thursday, March 1, 2012. I would now like to turn the conference over to Ms. Lisa Godfrey, of Investor Relations.

Lisa Godfrey

Welcome to the Vanguard Natural Resources LLC fourth quarter and year end 2011 earnings conference call. We appreciate you joining us today. If you would like to listen to a replay of today’s call it will be available through April 1, 2012 and may be accessed by calling 303-590-3030 and using the pass code 4510399. A webcast archive will also be available on the investor relations page of the company’s website at and will be accessible online for approximately 30 days.

For more information or if you’d like to be on our email distribution list to receive future news releases please contact me at 832-327-2234 or via email at This information was also provided in this morning’s earning release. Please note the information reported on this call speaks only as of today, Thursday, March 1, 2012 and therefore, you are advised that time sensitive information may no longer be accurate as of the time of any replay.

Before we get started please note that some of the comments today could be considered forward-looking statements and are based on certain assumptions and expectations of management. For a detailed list of all the risk factors associated with our business, please refer to the Vanguard 10K that will be filed by early next week and will be available on our website under the investor relations’ tab and on EDGAR.

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