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PAA Natural Gas Storage's CEO Discusses Q2 2012 Results - Earnings Call Transcript

PAA Natural Gas Storage, L.P. (PNG)

Q2 2012 Earnings Call

August 7, 2012 11:00 a.m. ET


Roy Lamoreaux – Director of Investor Relations

Greg L. Armstrong – Chairman & CEO

Al Swanson – Chief Financial Officer

Harry Pefanis – President & COO of PAA

Dean Liollio – President of PNG


Darren Horowitz – Raymond James

Brian Zarahn – Barclays

Ted Durbin – Goldman Sachs

Michael Blum – Wells Fargo

Ross Payne – Wells Fargo

Selman Akyol – Stifel Nicolaus



Ladies and gentlemen, thank you for standing by, and welcome to the PAA and PNG Second-Quarter Results Conference Call. (Operator instructions) At this time, I will turn the conference call over to your host, Director of Investor Relations, Mr. Roy Lamoreaux. Please go ahead, sir.

Roy Lamoreaux

Good morning and welcome you to the Plains All American Pipelines and PAA Natural Gas Storage’s Second-Quarter 2012 Results Conference Call. The Slide presentation for today’s call is available in the Conference Call tab of the Investor Relations section of our website at and

I would mention that throughout the call we will refer to the companies by their New York Stock Exchange ticker symbols of PAA and PNG respectively. As a reminder, Plains All American owns a 2% general partner interest in all the [intended] distribution rights and approximately 62% as a limited partner in PNG, which accordingly is consolidated into PAA’s results.

In addition to reviewing recent results, we’ll provide forward-looking comments on the partnership’s outlook for the future. In order to avail ourselves with the Safe Harbor precepts that encourage companies to provide this type of information, we direct you to the risks and warnings set forth in the partnership’s most recent and future filings with the Securities and Exchange Commission.

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