Aris Water Solutions, Inc.

Greetings, and welcome to the ARIS Water Solutions third quarter 2022 earnings conference call. At this time, all participants are in listen-only mode. A brief 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. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, David Turf, Senior Vice President, Finance and Investor Relations. Thank you, sir. You may begin.

Good morning and welcome to the Aris Water Solutions third quarter 2022 earnings conference call. I am joined today by our President and CEO, Amanda Brock, our Founder and Executive Chairman, Bill Zartler, and our CFO, Stephen Thompson. Before we begin, I'd like to remind you that in this call and the related presentation, we will make forward-looking statements regarding our current beliefs, plans, and expectations, which are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties and other factors that could cause actual results to differ materially from results and events contemplated by such forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements. Please refer to the risk factors and other cautionary statements included in our most recent quarterly report on Form 10-Q and annual report on Form 10-K filed with the Securities and Exchange Commission. I would also like to point out that our investor presentation in today's conference call will contain discussion of non-GAAP financial measures, which we believe are useful in evaluating our performance. These supplemental measures should not be considered in isolation or as a substitute for financial measures prepared in accordance with U.S. GAAP. Reconciliations to the most directly comparable GAAP measures are included in our earnings release and the appendix of today's accompanying presentation. I'll now turn the call over to our founder and executive chairman, Bill Zarver.

Thank you, David, and thanks, everyone, for joining us this morning. Before we begin, I'd like to mention that October marked the one-year anniversary of our IPO. Looking back on the past year, I'm extremely proud of this team and what has been accomplished. Dara's team continues to execute on its plans, growing our reliable, high-quality asset base and volumes, being recognized as a trusted water technology partner and keeping our balance sheet in great shape. Now to the third quarter. We had a strong quarter driven by a 14% increase in volumes over the previous quarter and a 47% increase over the third quarter of 2021. Our growth continues to be primarily driven by our expanding customer base as well as our expansive infrastructure infrastructure which overlays some of the premier acreage in the country where the industry has demonstrated its commitment to invest in further growth. Alongside this steady growth, we are continuing to focus on opportunities to enhance the value of our asset base by further optimizing our cost structure, offsetting recent inflationary headwinds, and efficiently adding technology improvements. As we head into the end of the year, operators are balancing production targets, budgetary pressure from inflation, and shareholder returns. We anticipate seeing the benefits of recent completions activity leading to increases in our produced water volumes in the fourth quarter, but are monitoring our water solutions business for potential year-end slowdowns. So in conclusion for the quarter, our strong results are representative of the resilience of our business, underscored by the value of our long-term contracts, differentiated infrastructure, close customer relations, and demonstrated reliability. We look forward to the rest of this year and continued success in 2023 and beyond. With that, I'll turn it over to Amanda.