Expand Energy Corporation

Thank you for standing by and welcome to Expand Energy's third quarter, 2026 earnings conference call. Currently, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. To remove yourself from the queue, you may press star 11 again. I would now like to hand the call over to Brittany Raiford, Vice President, Treasurer, and Investor Relations. Please go ahead.

Thank you. Good morning, everyone.

Good morning, and thanks for joining our call. So last quarter, I discussed my optimism about the future of Xpand. Today, that optimism continues to grow and is stronger than ever. You can feel momentum building across our organizations. Over the past nine months, we have transformed, expanded from an upstream gas producer into an integrated gas company that is a leading producer and marketer of gas coast-to-coast across North America. While our upstream business remains our foundation, this year we're focused on strengthening our commercial capabilities by adding key leaders in both the C-suite and across the organization. We've expanded our corporate and business development efforts to consider opportunities across the whole gas value chain to include upstream, marketing, and LNG. That decision proved to be a good one, as last quarter the team delivered Twin Eagle acquisition, bringing exceptional talent and valuable customer relationships to Xpand. With the transaction now closed, the Twin Eagle and Xpand teams are working side-by-side in one office to deliver the synergies we promised. We see significant opportunities ahead and look forward to sharing our progress and successes over the coming quarters. Today, we are demonstrating exactly why an integrated gas company matters. Low commodity prices are pressuring free cash flow margins for many of our peers. However, at Xpand, our marketing business is already making a difference. The combined Xpand and Twin Eagle marketing profits are expected to add 12 cents per MCFE to our fourth quarter margin. This is particularly impressive because the team is expecting to generate solid profits in an anticipated low price, low volatility period. As prices rise and volatility returns, we are well positioned to capture even more value. Through all this change, our team never took its eye off creating long-term shareholder value. We continue to deliver strong operational results, producing approximately 7.5 BCFE per day this quarter, and extended our drilling inventory through organic leasing, which remains one of the most accretive ways to add high-quality locations. We have allocated more to share repurchases this year than any of our peers, including $305 million in the third quarter. Our hedging program, which we see as a critical risk management tool, improved our realized prices by 46 cents per MCFE. And importantly, our balance sheet remained strong, with net debt of $4.7 billion and leverage of 0.8 times. Finally, we said we would name a permanent CEO within nine months, and we kept our promise. I'm excited to be joined today with our new CEO, Danny Brown. The board was deliberate in its choice. focused on finding the right leader to continue our momentum. First and foremost, we wanted a leader with a proven record of building a team-oriented culture that focuses on creating long-term shareholder value. Given our $3 billion annual capital plan, we wanted an upstream expert who has experience managing a large portfolio of assets, and we wanted a former public CEO who understands our shareholders' perspective and is a great allocator of capital and can consistently deliver. We found all that in Danny, and we believe our patience was rewarded. We do not consider our mission accomplished, but we have built the foundation. We now have a premier upstream business, a coast-to-coast marketing platform, a strong balance sheet and a team that plays to win. We attack opportunities to improve our business with urgency while maintaining our disciplined approach to value creation and above all else, we keep our promises. I could not be more impressed with this team nor more optimistic about Xpand's future. I'm excited to watch Danny and the team build on this momentum. With that, I'm pleased to turn the call over to Danny for a few brief remarks on what is the start of his third day leading our company.