This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Warren's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Stock quotes in this article: WRES

Warren Resources, Inc. (WRES)

Q1 2012 Earnings Call

May 1, 2012; 10:00 am ET

Executives

Norman Swanton - Chairman, President & Chief Executive Officer

Steve Heiter - Executive Vice President; Chief Executive Officer of Warren E&P, Inc

Ron Morin - Senior Vice President of Development; Executive Vice President of Warren E&P Inc.

Tim Larkin - Executive Vice President & Chief Financial Officer

Analysts

Ray Deacon - Brean Murray

Phil McPherson - Global Hunter Securities

Jack Aydin - Keybanc Capital Markets

Brad Heffern - RBC Capital Markets

Presentation

Operator

Good day ladies and gentlemen and welcome to the first quarter 2012, Warren Resources earnings call. My name is Caressa and I will be your operator for today. At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session. (Operator Instructions)

I will now turn the conference over to your host for today call, Mr. Norman Swanton, Chairman, CEO of Warren Resources. Please proceed.

Norman Swanton

Thank you. Good morning everyone. Thank you for joining us for Warren Resources first quarter 2012 financial and operating results conference call.

We are conducting the conference call this morning from our Long Beach Office in California. With me is Steve Heiter, our CEO of our Principal Subsidiary, Warren E&P; Ron Morin, our Senior Vice President responsible for our development; and Tim Larkin, our Executive Vice President and CFO is joining us from our New York City office.

Before I turn the microphone over to Tim to cover the financial results and Steve to discuss our oil and gas operations, I would like to briefly comment on our performance for the first quarter of 2012 and the future direction of the company as follows.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs