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Crosstex Energy's CEO Discusses Q2 2012 Results - Earnings Call Transcript

I will remind you that any statements that might include our expectations or predictions should be considered forward-looking statements within the meaning of the Federal Securities Laws. Forward-looking statements are subject to a number of assumptions and uncertainties that may cause our actual results to differ materially from those expressed in these statements. And we undertake no obligation to update or revise any forward-looking statements. We will encourage you to review the cautionary statements and other disclosures made in our SEC filings, specifically those under the heading Risk Factors.

Before I turn the call over to Barry Davis, I want to mention an upcoming Crosstex event that I’m sure you’ll be interested in attending. On November the 28th, we are hosting a West Texas Permian facilities tour for analysts and investors in Midland, Texas. We will be visiting our installations in the Permian Basin, our Deadwood processing plant and our Miski rail terminal.

Our management team will be available for discussion and questions during the event. Apache is scheduled to give an operations presentation as well. We distributed invitations about the tour last week and we urge you to respond quickly as space is limited. If you did not receive an invitation or want more information, please let me now.

I will now turn the call over to Barry.

Barry Davis

Thank you, Jill. Good morning, everyone, and thank you for joining us on the call today. I will begin by discussing the commodity price environment and its effect on our second quarter 2012 financial results and guidance. Next, I will cover how well prepared we are to face this environment, and finally, I’ll discuss our positive outlook for our business. Mike will then go into more detail about our quarterly results and guidance. And I will wrap up with an update on the status of our growth projects, including our recent acquisition of Clearfield Energy and review our operational results.

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