Range Resources (RRC)
Q1 2012 Earnings Call
April 26, 2012 1:00 pm ET
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
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
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.