http://www.morningstar.com/earnings/44965555-xtxi-xtxi-q3-2012.aspx

XTXI XTXI
Q3 2012 Earnings Call Transcript

Transcript Call Date 11/09/2012

Operator: Good day, ladies and gentlemen and welcome to the Third Quarter 2012 Crosstex Energy Earnings Conference Call. My name is Catina and I'll be your coordinator for today. At this time, all participants are in a listen-only mode. We will facilitate a question-and-answer session towards the end of the presentation. As a reminder this conference is being recorded for replay purposes.

I will now turn the presentation over to your host for today's call Ms. Jill McMillan, Director of Public & Industry Affairs. Please proceed.

Jill McMillan - Director, Public and Industry Affairs: Thank you, Catina and good morning everyone. Thank you for joining us today to discuss Crosstex's third quarter 2012 results. On the call today are Barry Davis, President and Chief Executive Officer; Bill Davis, Executive Vice President and Chief Operating Officer; and Mike Garberding, Senior Vice President and Chief Financial Officer. Our third quarter 2012 earnings release was issued yesterday evening.

For those of you who didn't received copies, they are available on our website at crosstexenergy.com. If you want to listen to a recording of today’s call, you have 90 days to access the replay by phone or webcast on our website.

I will remind you that any statements that might include our expectations or predictions should be considered forward-looking statements within the meaning of the Federal Securities Laws. Forward-looking statements are subject to a number of assumptions and uncertainties that may cause our actual results to differ materially from those expressed in these statements and we undertake no obligation to update or revise any forward-looking statements.

We encourage you to review the cautionary statements and other disclosures made in our SEC filings, specifically those under the heading Risk Factors. Before I turn the call over to Barry Davis, I want to mention two upcoming Crosstex events, that I'm sure you'll be interested in attending.

On November 28, we are hosting a West Texas Permian Facilities Tour for analysts and investors in Midland. We will be visiting our assets in the Permian Basin, the Deadwood processing plant and the Mesquite rail terminal.

Our management team will be available for discussion and questions during the event. Apache also is scheduled to make an operations presentation, if you haven't responded, we urge you to do so as space is limited. If you did not receive an invitation or want more information please contact me.

Also, in 2013, we are hosting our Annual Bankers Group Dinner on January 22nd and Analysts Conference on January 23. So, please put these dates on your calendars. Both events will be held in Fort Worth at the Museum of Science and History's Energy Blast gallery. We will be communicating more details soon.

I will now turn the call over to Barry.

Barry E. Davis - President and CEO: Thank you, Jill. Good morning, everyone and thank you all for joining us on the call today. I will begin by discussing several key themes that I want to emphasize today, followed by our third quarter 2012 financial results.

Next I will cover how we are executing our plan in a challenging commodity price environment and delivering what we said we would accomplish and finally, I'll discuss our outlook for the remainder of the year and beyond.

Read our Earnings Call Transcript disclaimer.
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