Operator: Greetings and welcome to the Alpha Natural Resources Second Quarter 2012 Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Todd Allen, Vice President of Investor Relations for Alpha Natural Resources. Thank you, sir. You may begin.
Todd Allen - IR: Thank you, operator, and thank you all for participating in today’s Alpha Natural Resources second quarter 2012 earnings conference call. Joining me on today’s call are Kevin Crutchfield, Alpha’s Chairman and CEO who will summarize our second quarter results and provide a brief market outlook; Frank Wood, our CFO, who will comment on Alpha’s financial results and our updated guidance; and Paul Vining, Alpha’s President who will be available to address operational and marketing questions following our prepared remarks.
Please let me remind you that various remarks that we make on this call concerning future expectations for the Company constitute forward-looking statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from those expressed or implied. Information concerning factors that could cause actual results to differ materially from those in forward-looking statements are contained in our filings with the Securities and Exchange Commission, including on our Annual Report on Form 10-K and subsequently filed Form 10-Qs.
This call is being recorded and will be available for replay for a period of two weeks. The call can also be heard live on the Internet and both the replay and a downloadable podcast of the event will be archived on our website at alphanr.com for a period of three months.
With that, I'll turn it over to Kevin.
Kevin S. Crutchfield - CEO: Thanks, Todd. Good morning everybody, and thanks for joining this morning. Alpha’s second quarter was a busy one, idling operations, reducing production, amending our credit agreement, hammering out the definitive terms of our pending swap with Peabody and PRB to access the Belle Ayr North LBA, negotiating with customers in very choppy markets and the list goes on.
There were ample opportunities for folks to become distractive. I am proud to say we did not. Everyone in Alpha kept their eye on the ball and far from losing focus and letting the fundamental slip, we made progress on key metrics across the board. With regard to safety, Alpha reduced its incident rate by 13% from the previous quarter which was itself a 17% sequential improvement over the fourth quarter. In West Virginia, Cucumber mine, the Highland mine, the Republic Energy surface mine and our Marmet Dock all received Joseph A. Holmes safety Awards during the quarter.
Now that we’ve integrated the Massey operations, we’ll soon stop calling them out as a separate piece of the business, but it’s important to note that these operations are turning the corner with nearly 40% reduction in their incident rates since the first full quarter following the acquisition. Clearly our cultural integration has been a success and Running Right has again proved effective. As we discussed with you on previous calls, we made Running Right a priority from the outset and I think it shows.