Montauk Renewables, Inc.

Good day, everyone, and thank you for participating in the Montauk Renewables Second Quarter 2026 conference call today. I'd like to turn the call over to Mr. John Ciroli, Chief Legal Officer and Secretary, as he provides some important cautions regarding forward-looking statements and non-GAAP financial measures contained in the earning materials made on this call. John, please go ahead.

Thank you and good day everyone. Welcome to Montauk Renewables earnings conference call to review the second quarter 2026 financial and operating results and developments. I'm John Ciroli, Chief Legal Officer and Secretary of Montauk. Joining me today are Sean McClain, Montauk's President and Chief Executive Officer to discuss business developments and Kevin Van Asdalan, Chief Financial Officer to discuss our second quarter 2026 financial and operating results. At this time, I would like to direct your attention to our forward-looking disclosure statement. During this call, certain comments we make constitute forward-looking statements and, as such, involve a number of assumptions, risks, and uncertainties that could cause the company's actual results or performance to differ materially from those expressed in or implied by such forward-looking statements. These risk factors and uncertainties are detailed in Montauk Renewables' SEC filings. Our remarks today may also include non-GAAP financial measures. We present EBITDA and adjusted EBITDA metrics because we believe the measures assist investors in analyzing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. These non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles. Additional details regarding these non-GAAP financial measures, including reconciliations to the most directly comparable GAAP financial measures, can be found in our slide presentation in our second quarter 2026 earnings press release in Form 10-Q issued and filed on August 5, 2026, which is available on our website at ir.montaukrenewables.com. After our remarks, we will open the call to analyst questions. We ask that you please keep the one question to accommodate as many questions as possible. And with that, I will turn the call over to Sean.

Thank you, John. Good day, everyone, and thank you for joining our call. In July 2026, we began generating power for sale from our Turkey, North Carolina facility. This production of power is expected to be eligible to generate both swine wrecks and enhanced wrecks in subsequent months. As we work to increase the volumes of power and RECs that are able to be generated from our volume of produced syngas, we have identified specific programming modifications to our installed electrical switchgear. The installation of these modifications will provide for both the increase in production volumes as well as enhanced protection for our processing equipment and electrical transformers. We expect to have all programming completed by mid-August and consistently generate power and RECs from all available collected feedstock volumes. We continue to progress negotiations with entities that are required to purchase RECs under the North Carolina Clean Energy and Portfolio Standard, in addition to our existing REC contract with Duke. We also continue to progress our installation of feedstock collection at our contracted farming locations. As of the end of July, we have entered into long-term agreements with over 50 separate farming locations, providing us access to over 350,000 of the 400 to 450,000 hog spaces we are targeting to fully supply our first phase of development. We are currently able to collect for more than 250,000 hog spaces and will continue farm site collection equipment installations during the second half of 2026. Our capital investment expectation for the first phase of this project remains unchanged at $200 million, and we continue to expect a ramp-up in production volumes throughout 2026 directly related to additional feedstock collection. Our joint venture, GreenWave, continues to address the limited capacity of RNG utilization for transportation by offering third-party RNG volumes access to unique and proprietary transportation pathways. GreenWave matches available dispensing capacity with available third-party volumes and separates and distributes RINs to the partners of GreenWave. As a result, we have received approximately $1.5 million in separated RINs distributed from GreenWave in the second quarter of 2026. While our recent development focus has been prioritized on achieving and increasing production and revenue at our Turkey, North Carolina facility, we continue thoughtful and measured progress with our other announced development opportunities and expect to share those progress updates throughout the second half of 2026. And with that, I will turn the call over to Kevin.