Aris Water Solutions, Inc.

Greetings. Welcome to ARIS Water Solutions second quarter 2024 earnings conference call. At this time, all participants are in a 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 this conference is being recorded. I will now turn the conference over to David Turf, Senior Vice President, Finance and Investor Relations. Thank you. You may begin.

Good morning and welcome to the ARIS Water Solutions second quarter 2024 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 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. Reconciliation 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 Zarler.

Thank you, David. ARIS continued its strong momentum in 2024, driven by resilient volumes from our long-term contracted customers and continued operational execution. We've substantially completed our first half-weighted capital expenditure program and continue to more effectively leverage our asset footprint. Consistent revenue growth, structurally improved margins, and efficient capital investment has allowed us to generate excess cash and further enhance our ability to increase returns to shareholders. Our steadily growing water volumes are a function of our contracted customers' oil production volumes in top-tier acreage in the Northern Delaware Basin. As our customers continue their efficiency gains, They're driving greater oil recoveries from fewer rigs, pads, and well completions. These productivity gains benefit us as we're more efficient alongside them by leveraging our existing extensive infrastructure, which has over 770 miles of large diameter pipe and 625,000 dedicated acres under contract. We're off to a great start this year and encouraged by our outlook well into the future. With that, I'll turn it over to Amanda.