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QEP Resources' CEO Discusses Q1 2012 Results - Earnings Call Transcript

QEP Resources (QEP)

Q1 2012 Earnings Call

April 25, 2012 11:00 am ET


Richard J. Doleshek - Chief Financial Officer, Executive Vice President and Treasurer

Charles B. Stanley - Chief Executive Officer, President and Director


Brian Lively - Tudor, Pickering, Holt & Co. Securities, Inc., Research Division

Brian M. Corales - Howard Weil Incorporated, Research Division

William B. D. Butler - Stephens Inc., Research Division

David R. Tameron - Wells Fargo Securities, LLC, Research Division

Brian Singer - Goldman Sachs Group Inc., Research Division

Hsulin Peng - Robert W. Baird & Co. Incorporated, Research Division

Unknown Analyst

Brian T. Velie - Capital One Southcoast, Inc., Research Division

Jim Spicer - Wells Fargo & Company



Good morning. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the QEP Resources First Quarter Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Mr. Richard Doleshek.

Sir, you may begin your conference.

Richard J. Doleshek

Well, thank you, Regina, and good morning, everyone. Thank you for joining us for our first quarter 2012 results conference call. With me today are Chuck Stanley, President and Chief Executive Officer; Jay Neese, Executive Vice President and Head of our E&P Business; Perry Richards, Senior Vice President and Head of our Midstream Business; and Scott Gutberlet, Director, Investor Relations.

In today's conference call, we'll use a non-GAAP measure EBITDA, which is referred to as adjusted EBITDA in our earnings release, is reconciled to net income in the earnings release. In addition, we'll be making numerous forward-looking statements. We remind everyone that our actual results could differ from our estimates for a variety of reasons, many of which are beyond our control, and we refer everyone to our more robust forward-looking statements disclaimer and the discussion of risks facing our business in our earnings release and SEC filings.

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