Regency Energy Partners LP (NYSE:RGP) is seeking for strategic acquisition opportunities. Michael Bradley, President, Chief Executive Officer of Regency Energy at the analyst meeting said, "These are exciting times and we really are looking forward to a great year and into 2014. We have a very strong focus on each of our business segments to position and capture additional growth projects, not only in 2013, but also 2014, which you'll hear more about as we go through the presentation. In addition, we will continue to pursue strategic acquisition opportunities to expand our footprint and further diversify our business."

To consider a review of company's strategy, operations and growth opportunities

Regency Energy Partners LP reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $349 million compared to $358 million a year ago. Operating income was $9 million compared to operating income of $10 million a year ago. Loss before income taxes was $7 million compared to income before income taxes was $29 million a year ago. Net loss attributable to the company was $5 million or $0.06 per basic and diluted share compared to net income attributable to the company of $29 million or $0.14 per basic and diluted share a year ago. EBITDA was $78 million compared to $110 million a year ago. Adjusted EBITDA was $127 million compared to $134 million a year ago. Net cash flows provided by operating activities were $67 million compared to $56 million a year ago. Regency incurred $7 million of maintenance capital expenditures. Company's year-over-year growth will be approximately 200,000 horsepower. For the quarter, NGL production averaged 43,000 barrels per day for first quarter of 2013, which was a 14% increase over the prior period. The company provided operating and capital expenditures guidance for the full year of 2013. The company expects to invest approximately $685 million in growth capital expenditures. $410 million of that is earmarked toward the gathering and processing, with about $135 million of that specifically for SUGS-related. In addition, the company expects to invest approximately $45 million in maintenance capital expenditures in 2013, including its proportionate share related to joint ventures. Company's expected utilization will remain in the mid-90s for the remainder of this year.

Regency Energy Partners LP announced a private offering of $600 million of its senior notes due 2023. Regency Energy Finance Corp. will serve as co-issuer of the notes. The company intends to use the net proceeds from the offering to fund the cash portion of the consideration for its previously announced acquisition of Southern Union Gathering Company, LLC from Southern Union Company, a jointly owned affiliate of Energy Transfer Equity, L.P. and Energy Transfer Partners, L.P. If the SUGS acquisition does not close on or prior to September 1, 2013, or if the contribution agreement relating to the SUGS Acquisition is terminated at any time prior to the consummation thereof, the company will be required to redeem all of the notes in cash at a redemption price equal to 100% of the aggregate principal amount of the notes, plus accrued and unpaid interest to the date of redemption.

Regency Energy Partners LP, Q1 2013 Earnings Call, May 09, 2013