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Tesoro Management Discusses Q2 2012 Results - Earnings Call Transcript

Tesoro (TSO)

Q2 2012 Earnings Call

August 02, 2012 8:30 am ET

Executives

Louie Rubiola - Director of Investor Relations

Gregory J. Goff - Chief Executive Officer, President and Director

G. Scott Spendlove - Chief Financial Officer and Senior Vice President

Daniel J. Porter - Former Senior Vice President of Refining

Daniel Robert Romasko - Executive Vice President of Operations

Analysts

Paul Y. Cheng - Barclays Capital, Research Division

Jeffrey A. Dietert - Simmons & Company International, Research Division

Chi Chow - Macquarie Research

Douglas Terreson - ISI Group Inc., Research Division

Edward Westlake - Crédit Suisse AG, Research Division

Evan Calio - Morgan Stanley, Research Division

Fadel Gheit - Oppenheimer & Co. Inc., Research Division

Arjun N. Murti - Goldman Sachs Group Inc., Research Division

Roger D. Read - Wells Fargo Securities, LLC, Research Division

Sam Margolin - Dahlman Rose & Company, LLC, Research Division

Douglas George Blyth Leggate - BofA Merrill Lynch, Research Division

Faisel Khan - Citigroup Inc, Research Division

Cory J. Garcia - Raymond James & Associates, Inc., Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Q2 2012 Tesoro Corporation's Earnings Conference Call. My name is Catherine, and I will be your operator for today. [Operator Instructions] As a reminder, this call is being recorded for replay purposes. I would like to turn the call over to Mr. Louie Rubiola, Director of Investor Relations. Please proceed, sir.

Louie Rubiola

Thank you, Catherine. Good morning, everyone, and welcome to today's conference call to discuss our second quarter 2012 earnings. Joining me today are Greg Goff, President and CEO; Dan Romasko, Executive Vice President of Operations; and Scott Spendlove, Senior Vice President and CFO. While we will not be referencing slides during the call, we do have a set of slides, which was filed with the SEC today. These slides, along with other financial disclosure and reconciliations for non-GAAP financial measures, should help you in analyzing our results and can be found on our website at tsocorp.com. Please refer to the forward-looking statement in the earnings slides, which says statements made during this call that refer to management's expectations and/or future predictions are forward-looking statements. Intended to be covered by the Safe Harbor provisions of the Securities Act, as there are many factors which could cause results to differ from our expectations. With that, I'll turn the call over to Greg.

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