SOURCE: QR Energy

QR Energy

May 13, 2011 16:18 ET

QR Energy Announces First Quarter 2011 Earnings and Outlook Conference Call; Files Extension on 10-Q

HOUSTON, TX--(Marketwire - May 13, 2011) - QR Energy, LP (NYSE: QRE) announced today that it expects to issue an earnings release for the first quarter of 2011 before the market opens on Monday, May 23, 2011.

In conjunction with the earnings release, management will host a live webcast and conference call on May 23 at 8 a.m. central daylight time to discuss QRE's financial results and outlook for the remainder of the year.

Interested parties may join the webcast by visiting QR Energy's Investor Relations website at http://ir.qrenergylp.com or the conference call by dialing (877) 718-5098 or (719) 325-4916 five minutes before the call begins and providing the passcode 8888353.

The webcast will be available on the Company's Investor Relations website at http://ir.qrenergylp.com for 14 days following the call and a telephonic replay will be available for 7 days following the call by dialing (888) 203-1112 or (719) 457-0820 and providing the passcode 8888353.

QRE also filed a Form 12b-25 with the Securities and Exchange Commission today and will file its Form 10-Q with the Securities and Exchange Commission as soon as it is complete. Once filed, the 10-Q will be available on the Partnership's Investor Relations page at http://ir.qrenergylp.com or from the Securities and Exchange Commission website at www.sec.gov.

QRE has obtained a waiver from its lenders with regard to its covenant to provide quarterly financial statements to the administrative agent of its credit facility by May 15, 2011. QRE now has until June 7, 2011 to deliver financial statements to its lenders.

ABOUT QR ENERGY

QR Energy, LP is a publicly traded partnership engaged in the acquisition, production and development of onshore crude oil and natural gas properties in the United States. QR Energy is headquartered in Houston, Texas. For more information, visit QR Energy's website at www.qrenergylp.com.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements within the meaning of the federal securities laws. QR Energy believes that its expectations and forecasts are based on reasonable assumptions. No assurance, however, can be given that such expectations and forecasts will prove to have been correct. A number of factors could cause actual results to differ materially from the expectations and forecasts, anticipated results or other forward-looking information expressed in this press release, including risks and uncertainties regarding future results, capital expenditures, liquidity and financial market conditions, insufficient cash from operations, adverse market conditions and governmental regulations. For a more complete list of these risk factors, please read QR Energy's filings with the Securities and Exchange Commission, which are available on QR Energy's Investor Relations website at http://ir.qrenergylp.com or from the Securities and Exchange Commission website at www.sec.gov.

Contact Information

  • INVESTOR CONTACTS:
    Taylor B. Miele
    Investor Relations Specialist
    (713) 452-2990

    Cedric W. Burgher
    Chief Financial Officer
    (713) 452-2200