Western Refining's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Western Refining, Inc. (WNR)

Q1 2012 Earnings Call

May 3, 2012, 1:00 p.m. ET


Jeffrey S. Beyersdorfer – Treasurer, Director of IR

Jeff A. Stevens – President and CEO

Gary R. Dalke – CFO

Mark J. Smith – President - Refining and Marketing


Edward Westlake – Credit Suisse

Arjun Murti – Goldman Sachs

Jeff Dietert – Simmons & Co.

Chi Chow – Macquarie Research

Kathryn O’Connor – Deutsche Bank



Good morning, and welcome to the first quarter 2012 Western Refining earnings conference call.

(Operator Instructions)

Thank you, I would now like to turn the call over to Mr. Jeff Beyersdorfer, Treasurer and Director of Investor Relations of Western Refining. Mr. Beyersdorfer, please go ahead.

Jeffrey Beyersdorfer

Thanks Jackie, and good morning. I’d like to thank you for taking the time to listen in today, and for your continued interest in Western Refining. Again, my name’s Jeff Beyersdorfer, I’m the company’s treasurer and director of investor relations. Joining me for today’s call are Jeff Stevens, President and CEO, Gary Dalke, CFO, Mark Smith, President Refining and Marketing and other members of our senior management team.

We will be referencing our earnings call slides throughout the call this morning. The slide presentation, in addition to our earnings release, can be found on the investor relations section of our website at wnr.com.

Before we proceed, I would like to make the following Safe Harbor statement. Today’s presentation will contain forward-looking statements, and I refer you to the forward-looking statement section of our earnings release and recent filings with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed events or circumstances. In addition to reporting financial results, in accordance with generally accepted accounting principles, or GAAP, we report certain non-GAAP financial results. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to the comparable GAAP results, which can be found in the press release, which is posted in the IR section of our website. I’ll now turn the call over to Jeff.

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