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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
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.