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ONEOK's CEO Discusses Q2 2012 Results - Earnings Call Transcript

ONEOK, Inc. (OKE)

Q2 2012 Earnings Conference Call

August 1, 2012 11:00 AM ET

Executives

Dan Harrison - Senior Vice President, Administrative Services and Corporate Relations

John Gibson - Chairman and Chief Executive Officer

Robert Martinovich - Executive Vice President, Chief Financial Officer and Treasurer

Pierce Norton - Executive Vice President and Chief Operating Officer

Terry Spencer - President

Analysts

Steve Maresca – Morgan Stanley

Carl Kirst – BMO Capital

Ted Durbin – Goldman Sachs

John Edwards – Credit Suisse

Michael Blum – Wells Fargo

Elvira Scotto – RBC Capital Markets

Craig Shere – Tuohy Brothers

Helen Ryoo – Barclays

Ross Payne – Wells Fargo

Presentation



Operator

Good day and welcome to the ONEOK and ONEOK Partners 2012 Second Quarter Earnings Call. Today’s conference is being recorded. At this time, I would like to turn the conference over to Mr. Dan Harrison. Please go ahead, sir.

Dan Harrison

Thank you very much. Good morning and thanks to everyone for joining us. A reminder that statements made during this call that might include ONEOK or ONEOK Partners expectations or predictions should be considered forward-looking statements and are covered by the Safe Harbor provision of the Securities Acts of 1933 and 1934. Actual results could differ materially from those projected in any forward-looking statements. For a discussion of factors that could cause actual results to differ please refer to our SEC filings.

Now, John Gibson, Chairman and CEO of ONEOK and ONEOK Partners. John?

John Gibson

Thanks, Dan. Good morning and many thanks for joining us today. As always, we appreciate your continued interest and investment in ONEOK and ONEOK Partners. Joining me today are Rob Martinovich, our Chief Financial Officer who will review our quarterly financial performance and discuss our updated earnings guidance. Pierce Norton, our Chief Operating Officer who will review the operating performance of ONEOK and ONEOK Partners and update you on the partnership’s growth projects which I am pleased to say are on-time, on-budget and growing. And Terry Spencer, our President, who will update our NGL supply and demand outlook.

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