Teekay Offshore Partners' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Teekay Offshore Partners LP (TOO)

Q2 2012 Earnings Call

August 10, 2012 12:00 pm ET

Executives

Scott Gayton - IR

Peter Evensen - CEO

Analysts

Edward Rowe - Raymond James

Martin Roher - MSR Capital Management

Chris Combe - JPMorgan

Presentation

Operator

Welcome to the Teekay Offshore Partners 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 Offshore Partners’ Chief Executive Officer. Please go ahead, sir.

Scott Gayton

Before Mr. Evensen begins I would like to direct all participants to our website at www.teekayoffshore.com where you will find a copy of the second quarter of 2012 earnings presentation.

Mr. Evensen will review this presentation during today's conference call. Please allow me to remind you 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 second quarter of 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, Scott. Good afternoon and thank you for joining us on our second quarter of 2012 investor conference call. I am joined today by Teekay Corporation’s CFO, Vince Lok, Chief Strategy Officer, Kenneth Hvid, and MLP Controller David Wong. This quarter’s call will be shorter as we recently provided a comprehensive presentation at our Investor Day in New York in June. On slide number three of the second quarter’s presentation, which can also be found on our website. I will briefly review some recent highlights for Teekay Offshore.

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