Aris Water Solutions, Inc.

Greetings and welcome to ARIS Water Solutions' fourth 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, please press star zero on your telephone keypad. As a reminder, this call is being recorded. It is now my pleasure to introduce David Turf. Thank you, David. You may begin.

Good morning, and welcome to the Aris Water Solutions fourth 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 for 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 Zartler. Thank you, David.

ARIS finished a tremendous 2024 with a strong fourth quarter. We saw continued steady produce water volumes as well as increased completion activity during the quarter, leading to a record quarter for our water solutions business. Margins remained strong in the fourth quarter, and we paired robust earnings with continued capital efficiency, generating significant free cash flow for the quarter and the year. 2024 represented a meaningful inflection point in cash generation, which allows us to significantly increase shareholder returns in 2025, and beyond while continuing to reinvest in the business. We have much to be proud of as we assess the year, but of all our metrics, our most important accomplishment was safety. We ended 2024 without a single employee or contractor recordable safety incident. I'd like to congratulate our entire operations team and recognize the diligence that they demonstrate every hour of every day. There's no greater priority than the safety of our team and those on our sites and we're immensely proud of what was accomplished during 2024. As we look to 2025, we see steady completion activity and production growth from our long-term contracted customers. We will continue to pursue operating efficiencies to maintain and expand the margins we achieved in 2024, and we'll continue our disciplined capital investment, focusing on cash generation and increasing returns to shareholders. Alongside a solid outlook for our current business, we closed a few strategic initiatives, including the purchase of the McNeil Ranch in Lee County, New Mexico, and Gaines and Andrew Counties, Texas. Continued progress on our beneficial reuse activities and mineral extraction, as well as expansion into industrial water treatment beyond the oil and gas industry. We want to express our thanks to our team, our customers, and our suppliers for a phenomenal 2024 and are excited as we look forward into 2025 and beyond. With that, I'll turn it over to Amanda for more details.