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

Stocks in this article: RRC

Range Resources (RRC)

Q1 2012 Earnings Call

April 26, 2012 1:00 pm ET

Executives

Rodney L. Waller - Senior Vice President and Assistant Secretary

Jeffrey L. Ventura - Chief Executive Officer, President and Director

Ray N. Walker - Chief Operating Officer and Senior Vice President

Roger S. Manny - Chief Financial Officer and Executive Vice President

Analysts

Pearce W. Hammond - Simmons & Company International, Research Division

Brian Singer - Goldman Sachs Group Inc., Research Division

Ronald E. Mills - Johnson Rice & Company, L.L.C., Research Division

Leo P. Mariani - RBC Capital Markets, LLC, Research Division

Joseph Patrick Magner - Macquarie Research

Dan McSpirit - BMO Capital Markets U.S.

Neal Dingmann - SunTrust Robinson Humphrey, Inc., Research Division

Marshall H. Carver - Capital One Southcoast, Inc., Research Division

Michael Scialla - Stifel, Nicolaus & Co., Inc., Research Division

Presentation

Operator

Welcome to the Range Resources First Quarter 2012 Earnings Conference Call. This call is being recorded. [Operator Instructions] Statements contained in this conference call that are not historical facts are statements forward-looking. Such statements are subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements. [Operator Instructions]

At this time, I'd like to turn the call over to Mr. Rodney Waller, Senior Vice President of Range Resources. Please go ahead, sir.

Rodney L. Waller

Thank you, operator. Good morning, and welcome. Range reported outstanding results for the first quarter with a continued increase in production and a decrease in unit cost. Both earnings and cash flow per share results were greater than First Call consensus.

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