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

Regency Energy Partners' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Our call is being recorded and is also being broadcast live on our website. An archive of the webcast and presentation will also be available on the site following this call. Please note, we plan to file our 10-Q this afternoon.

Slide 2 of the presentation describes our use of forward-looking statements and lists some of the risk factors that may affect actual results. You are reminded that actual results may differ materially from any forward-looking statements. You should refer to our SEC filings for a more complete discussion of the risks involved in our business and the ownership of our Limited Partnership unit. Included in the appendix of today’s presentation are various non-GAAP measures that have been reconciled to the comparable GAAP measure.

With that, I will turn the call over to our CEO, Mike Bradley.

Michael Bradley

Thanks Lyndsay, and good morning, everyone, and thank you for joining our call. I’ll start, we had a good quarter, during which our adjusted EBITDA increased 12%, over the second quarter of last year as volumes continued to increase in South and West Texas and in North Louisiana. Cotton Valley drilling has picked up around our Dubach facility.

Overall, gathering and processing volumes were up nearly 30% over the second quarter of last year. We also continue to benefit from the addition of the Lone Star joint venture assets, which delivered solid results for the second quarter.

Drilling activity in the liquids-rich plays continues to be the primary growth driver for our business and remains active around our assets in West and South Texas and in North Louisiana.

Given the strong activity around our assets, we now expect to be expanding our processing capacity in West Texas and in North Louisiana in 2013. Now provide an update on the progress of our organic projects. In South Texas, rig counts have continued to increase, rising about 30% from the second quarter of 2011 to the second quarter of 2012.

2 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
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs