Teekay's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Teekay Corporation (TK)

Q1 2012 Earnings Call

May 17, 2012; 11:00 am ET


Peter Evensen - President & Chief Executive Officer

Vince Lok - Chief Financial Officer

Kenneth Hvid - Chief Strategy Officer

Brian Fortier - Group Controller

Dave Drummond - Investor Relations


Michael Webber - Wells Fargo Securities

Joshua Katzeff - Deutsche Bank

Brandon Oglenski - Barclays Capital

Fotis Giannakoulis - Morgan Stanley

Steve Pfeiffer - Wells Capital Management



Welcome to Teekay Corporation’s first quarter 2012 earnings results conference call. During the call all participants will be in a listen-only mode. Afterwards you will be invited to participate in a question-and-answer session. (Operator Instructions).

Now, for opening remarks and introductions, I would like to turn the call over to Mr. Peter Evensen, Teekay’s President and Chief Executive Officer; please go ahead, sir.

Dave Drummond

Before Mr. Evensen begins, I would like to direct all participants to our website at www.teekay.com, where you will find a copy of the first quarter 2012 earnings presentation. Mr. Evensen and Mr. Lok will review this presentation during today’s conference call.

Please allow me to remind you that our discussion today contains forward-looking statements. Actual results may differ materially from results projected by those forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the first quarter 2012 earnings release and earnings presentation available on our website.

I will now turn the call over to Mr. Evensen to begin.

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