Aris Water Solutions, Inc.

Greetings and welcome to the ARIS Water Solutions first quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. The 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 conference call is being recorded. It is now my pleasure to introduce David Turf, Senior Vice President, Finance and Investor Relations. Please go ahead.

Good morning and welcome to the ARIS Water Solutions first quarter 2025 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 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 began 2025 with a strong first quarter, continuing its momentum from last year. We saw record volumes in both produced water handling and water supply, driven by higher than anticipated completion activity and sustained produced water takeaway demand. Early in the second quarter, we're seeing those volumes continue, giving us a strong outlook for the first half of the year. As we look forward to the second half of 2025, we are actively monitoring commodity price impacts to our customers' activity levels and tariff uncertainty around our costs. Currently, we've not seen material schedule changes from our customers on our dedicated acreage, but we remain in constant contact with them as their outlets are further refined. We believe we are well positioned for potential uncertainty given our long-term contracts in the core of the Northern Delaware Basin featuring multiple decades of highly economic inventory with well-capitalized customers. We are focused on managing our capital investment to match that of our customers and can moderate our capital investment alongside a slowdown in activity if one were to occur. We have a dynamic team that has weathered COVID and commodity price volatility in the past, and we will manage the business prudently while taking advantage of our pristine balance sheet and strong contractual underpinning to capture opportunities that may arise. With that, I'll turn it over to Amanda.