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

Sunoco (SUN)

Q1 2012 Earnings Call

May 02, 2012 5:00 pm ET

Executives

Brian P. MacDonald - Chief Executive Officer, President and Director

Michael J. Hennigan - Chief Executive Officer of Sunoco Partners Llc, President of Sunoco Partners Llc and Director of Sunoco Partners Llc - General Partner

Michael J. Colavita - Interim Chief Financial Officer and Vice President

Analysts

Evan Calio - Morgan Stanley, Research Division

Brian J. Zarahn - Barclays Capital, Research Division

Faisel Khan - Citigroup Inc, Research Division

Presentation

Operator

Welcome to Sunoco Inc.'s and Sunoco Logistics Partners Q1 2012 Earnings Conference Call. [Operator Instructions] Today's call is being recorded. [Operator Instructions] I will now like to turn the call over to Mr. Brian MacDonald, President and CEO. Sir, you may begin.

Brian P. MacDonald

Thank you, and good afternoon. Welcome to the quarterly conference call for Sunoco and Sunoco Logistics Partners, where we will discuss the company's first quarter results that were recorded today. With me are Mike Hennigan, CEO and President of Sunoco Logistics Partners; Mike Colavita, our Chief Financial Officer, Pete Gvazdauskas, Sunoco Logistics Partners VP of Finance; and Clare McGrory, Manager of Investor Relations.

As part of today's call, I would direct you to our websites, www.sunocoinc.com and www.sunocologistics.com, where we have posted a number of presentation slides, which may provide a useful reference as we progress through our remarks.

I would also refer you to the Safe Harbor statement referenced in Slide 2 of the slide package and as included in this afternoon's earnings release.

Now I'll begin by making a few brief remarks about the transaction announced earlier this week and what it means for Sunoco. And then, we'll move into the earnings and business update for both Sunoco Logistics Partners and Sunoco Inc.

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