On this mornings call, we will review our second quarter results and discuss our rationale for our update to 2012 earnings guidance; reaffirm our ability to continue to grow ONEOK’s dividend and ONEOK Partners distribution over the next several years even in a lower commodity price environment. And update our progress with our growth projects including our contracting status for the Bakken Crude Express Pipeline and the $1 billion of additional projects announced just last week.Let’s start with our second quarter performance. ONEOK Partners turned in an exceptionally strong performance driven by strong volume growth in the natural gas liquids and natural gas gathering and processing businesses. Our Natural Gas Distribution segment turned in slightly higher results performing as expected. And our Energy Services segment reported a loss because of the continuing challenges it faces in a low natural gas price environment with low price volatility. Pierce will provide more detail on each segment’s operating performance in just a few minutes.
ONEOK Partners' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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