Aris Water Solutions, Inc.

And welcome to Ares Water Solutions second quarter 2023 earnings conference call. At this time, all participants are in a 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, SDP Finance and Vector Relations. Please go ahead.

Good morning, and welcome to the ARIS Water Solutions Second Quarter 2023 Earnings Conference Call. I'm 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 filings made from time to time with the Securities and Exchange Commission. I would also like to point out that our investor presentation and 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 in the appendix of today's accompanying presentation. I'll now turn the call over to our founder and executive chairman, Bill Zartler.

Thank you, David, and thanks, everyone, for joining us this morning. ARIS has delivered another strong quarter with steadily increasing volumes and solid earnings growth as reflected by our results. Over the quarter, our contracted customers remained active in our core area of the Northern Delaware Basin and have indicated that they will continue to do so, despite fluctuation in commodity prices and the overall reduction in U.S. drilling and completion levels. Our capture area in the northern Delaware continues to offer operators a compelling combination of inventory depth and well economics, which are driving additional well completions and outsized production growth relative to the rest of the U.S. onshore production. The need for comprehensive, proven, large-scale water management solutions for produce water handling and supply for completions is of increasing importance to our customers and ARIS's expanding infrastructure network is well positioned to capture additional volumes. This steady production growth has supported ARIS throughout its development. Our high quality acreage under contract with decades of remaining inventory will be developed consistently under a wide range of commodity price environments. ARIS's water volumes have more than tripled since 2019 We're making demonstrated progress in recapturing margins to continue to grow cash flow alongside our water volumes. While there's still more progress to be made, we're pleased to be executing on our business plan ahead of schedule and have seen tangible impacts to the bottom line from our cost reduction and asset optimization efforts. Our team has performed well through the first half of the year, and I'm excited for the rest of 2023 and beyond. With that, I'll turn it over to Amanda. Thank you, Bill.