Aris Water Solutions, Inc.

Ladies and gentlemen, good morning and welcome to the Ares Water Solution third quarter 2024 All Inks 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 and zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, David Turf, SVP, Finance, and Investor Relations. Please go ahead.

Good morning, and welcome to the Eris Water Solutions third 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. Reconciliations to the most directly comparable gap 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 Darla. Thank you, David.

ARIS continued its strong 2024 with an excellent third quarter. We saw steady growth in produced water volumes and increased completions activity driving further demand for our recycled water. Our ongoing operational improvements delivered consistently strong margins And as forecasted, our third quarter capital expenditures were down significantly following the completion of our first half weighted capital program. As a result of consistent volume growth, strong margins, and efficient capital investment, we are generating excess cash, which allows us greater flexibility to both reinvest in the growth of our business and enhance shareholder returns. As anticipated, we're seeing additional inorganic opportunities come to market and continue to evaluate a number of potential targets. Our primary focus is on evaluating adjacent assets in our core operating area where we can drive incremental value and enhance our system's capabilities. Thus far, we have not yet found an opportunity that offers the right combination of strategic fit, asset and contract quality, and financial accretion that we look for. And we will continue to remain disciplined while evaluating all potential opportunities. We want to thank our customers, suppliers, and our team for the strong results this quarter and great overall performance thus far in 2024. We're encouraged by our continued progress and remain optimistic for the end of the year and beyond. With that, I'll turn it over to Amanda.