PetroQuest Energy's CEO Discusses Q1 2013 Results - Earnings Call Transcript

May 07, 2013 2:18 PM ETPetroQuest Energy Inc. (PQ)
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PetroQuest Energy, Inc. (NYSE:PQ) Q1 2013 Earnings Call May 7, 2013 9:30 AM ET

Executives

Matt Quantz - Manager of IR

Charles Goodson - Chairman, CEO and President

Todd Zehnder - COO

Bond Clement - CFO

Analysts

Will Green - Stephens Inc

Ron Mills - Johnson Rice

Tim Rezvan - Sterne Agee

Richard Tullis - Capital One South

Operator

Good morning, and welcome to the PetroQuest First Quarter Earnings 2013 Conference Call. All participants will be in a listen-only mode. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Matt Quantz, Manager of Investor Relations. Please go ahead.

Matt Quantz

Thank you. Good morning, everyone. We would like to welcome you to our first quarter conference call and webcast. Participating with me today on the call are Charles Goodson, Chairman, CEO and President; Todd Zehnder, COO; and Bond Clement, CFO.

As you’ve come to expect, we would like to make our Safe Harbor statement under the Private Securities Litigation Reform Act of 1995. Statements made today regarding PetroQuest business, which are not historical facts are forward-looking statements that involve risk and uncertainties. For a discussion of such risks and uncertainties which could cause actual results to differ from those contained in these forward-looking statements, see Risk Factors in our annual and quarterly SEC filings, and in the forward-looking statements in our press release. We assume no obligation to update our forward-looking statements. Please also note that on today’s call, we will be referring to non-GAAP financial measures, including discretionary cash flow. Historical non-GAAP financial measures are reconciled to the most directly comparable GAAP measures in our press release included in our Form 8-K filed with the SEC today.

With that, Charlie will get us started with an overview of the quarter.

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