Vanguard Natural Resources, LLC Announces Monthly Distribution and Third Quarter Earnings Release and Conference Call Schedule
HOUSTON--(BUSINESS WIRE)-- Vanguard Natural Resources, LLC (NYSE: VNR ) (“Vanguard”) announced today that its board of directors has declared a monthly cash distribution attributable to the month of September 2012 of $0.20 per unit ($2.40 on an annual basis) payable on November 14, 2012 to unitholders of record on November 1, 2012. New investors can earn an approximate 8.1% yield based on the October 17, 2012 closing price of $29.70 per unit.
Vanguard also announced it will release its third quarter 2012 financial results before the market opens on Thursday, November 1, 2012. In conjunction with the release, Vanguard has scheduled a conference call that will be broadcast live over the Internet on Thursday, November 1, 2012 starting at 11:00 a.m. Eastern Time (10:00 a.m. Central). Prepared remarks by Scott W. Smith, President and Chief Executive Officer, and Richard Robert, Executive Vice President and Chief Financial Officer, will be followed by a question and answer period.
What: Vanguard Natural Resources, LLC Third Quarter 2012 Earnings Conference Call
When: Thursday, November 1, 2012 - 11:00 a.m. Eastern Time
Where: Live via phone by dialing 1-877-941-6010 and asking for the Vanguard Natural Resources call a few minutes prior to the start time. Investors may also listen to the conference call live on the Vanguard corporate website, http://www.vnrllc.com. The webcast can be accessed from the investor relations tab on the home page.
For those unable to listen to the live call, a replay will be available through December 1, 2012 by calling (303) 590-3030 using pass code 4571904#. Also, an archive of the webcast will be available shortly after the call on the investor relations portion of the company's website at www.vnrllc.com for approximately 30 days.
About Vanguard Natural Resources, LLC
Vanguard Natural Resources, LLC is a publicly traded limited liability company focused on the acquisition, production and development oil and natural gas properties. The Company's assets consist primarily of producing and non-producing oil and natural gas reserves located in the Permian Basin, South Texas, Mississippi, Big Horn Basin in Wyoming and Montana, the Williston Basin in North Dakota and Montana and the Arkoma Basin in Arkansas and Oklahoma. More information on Vanguard can be found at www.vnrllc.com.
We make statements in this news release that are considered forward-looking statements within the meaning of the Securities Exchange Act of 1934. These forward-looking statements are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. In addition, management's assumptions about future events may prove to be inaccurate. Management cautions all readers that the forward-looking statements contained in this news release are not guarantees of future performance, and we cannot assure you that such statements will be realized or the forward-looking events and circumstances will occur. Actual results may differ materially from those anticipated or implied in the forward-looking statements due to factors listed in the "Risk Factors" section in our SEC filings and elsewhere in those filings. All forward-looking statements speak only as of the date of this news release. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise.
This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Vanguard's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Vanguard’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
Vanguard Natural Resources, LLC
Lisa Godfrey, 832-327-2234
KEYWORDS: United States North America Texas