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Range Resources Management Discusses Q2 2012 Results - Earnings Call Transcript

Range Resources (RRC)

Q2 2012 Earnings Call

July 25, 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

Alan W. Farquharson - Senior Vice President for Reservoir Engineering and Economics

Analysts

David W. Kistler - Simmons & Company International, Research Division

Brian Lively - Tudor, Pickering, Holt & Co. Securities, Inc., Research Division

David R. Tameron - Wells Fargo Securities, LLC, Research Division

Brian Singer - Goldman Sachs Group Inc., Research Division

Anne Cameron - BNP Paribas, Research Division

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

Presentation

Operator

Welcome to the Range Resources Second Quarter 2012 Conference Call. This call is being recorded. [Operator Instructions] Statements contained in this conference call that are not historical facts are forward-looking statements. 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 would 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 second 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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