Teekay Corporation's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Teekay Corporation (TK)

Q2 2012 Earnings Call

August 9, 2012 11:00 AM ET

Executives

Kent Alekson – IR

Peter Evensen – President and CEO

Vincent Lok – EVP and CFO

Analysts

Josh Katzeff – Deutsche Bank

Michael Webber – Wells Fargo

Brandon Oglenski – Barclays

Fotis Giannakoulis – Morgan Stanley

Greg Lewis – Credit Suisse

Presentation

Operator

Welcome to Teekay Corporation’s Second 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) As a reminder, this call is being recorded. 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.

Kent Alekson

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 second 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 and 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 second quarter 2012 earnings release and earnings presentation available on our website.

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

Peter Evensen

Thank you, Kent. Good morning, everyone, and thank you for joining us today for Teekay Corporation’s second quarter 2012 earnings call. I’m joined this morning by our CFO, Vince Lok, and for the Q&A session, we also have our Chief Strategy Officer, Kenneth Hvid.

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