This Day On The Street
Continue to site
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

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


Q2 2012 Earnings Conference Call

August 1, 2012 11:00 AM ET


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


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



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.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs