Antero Midstream Corporation

Greetings. Welcome to Tero Midstream Corporation's third quarter 2026 earnings call. At this time, all participants are in listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note that today's conference is being recorded. At this time, I'll turn the conference over to Dan Katzenberg, Vice President, Investor Relations. Thank you. You may now begin.

Thank you for joining us for Intero Midstream's Third Quarter Investor Conference Call. We will spend a few moments going through the financial and operating highlights and then we'll open it up for Q&A. I would also like to direct you to the homepage of our website at interomidstream.com where we have provided a separate earnings call presentation that will be reviewed during today's call. Today's call may also contain certain non-GAAP financial measures. Please refer to our earnings press release for important disclosures regarding such measures. Joining me on the call today are Michael Kennedy, CEO and President of Entero Midstream, Justin Agnew, CFO of Entero Midstream, and Brendan Krueger, CFO of Entero Resources. With that, I will turn the call over to Mike.

Thanks, Dan. Good morning, everyone. I'll begin on slide number three. Entero Midstream continues to expand its integrated Marcell shale footprint to support growing natural gas demand across North America. This expansion includes our HG acquisition and integration, Organic Gathering and Water Growth Projects, and our new Regional Pipeline Business Unit. Turning first to water, two completion crews are operating on acreage dedicated to entero midstream, supporting two drilled but uncompleted growth paths. Higher freshwater delivery volumes in the fourth quarter, combined with modest throughput growth, net of expected curtailments, are expected to drive high single-digit EBITDA growth quarter over quarter. We also will remain on track to complete the HG water system integration by year end and realize all of the water synergies assumed in the acquisition. Both our legacy and HG water systems achieved 100% uptime in the third quarter, positioning us well for full operational integration. Looking ahead to 2027, these growth paths and water system integration are expected to drive double-digit year-over-year EBITDA growth. Turning to our newly established regional pipeline business unit, we continued construction on Eastside Express. Since announcing the project last quarter, we have seen interest from multiple downstream counterparties seeking access to AR's natural gas through the pipeline. This interest underscores a shift in industry dynamics in Appalachia. Unlike the producer push expansions of the past, Today's opportunities are driven by demand pull from LNG facilities, utilities, and growing electrification of America. Importantly, unlike the previous wave of expansions that were farmed out to third parties, Entero Midstream now has the scale, balance sheet capacity, and expertise to pursue these opportunities. We are actively pursuing several billion dollars in potential projects, including our first north-south directed regional pipeline, Latterals to natural gas demand centers and integrated power opportunities. As existing third-party agreements expire, we plan to leverage our infrastructure to own more of the value chain previously served by those providers. This strategy positions AM to play an integrated role in expanding AR's margins and to serve as the industrial builder in West Virginia, delivering customized infrastructure that connects growing demand with investment grade producers. With that, I'll turn the call over to Justin.