CF Industries Holdings, Inc.

Good day, ladies and gentlemen, and welcome to CF Industries' first nine months and third quarter, 2024. All participants will be in the listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. We will facilitate a question and answer session towards the end of this presentation. If you pose a question at any time, please press star then 1 on your touchtone phone. I would now like to turn the presentation over to your host for today, Mr. Martin Jarosik with CF Investor Relations. Sir, please proceed.

Good morning, and thanks for joining the CF Industries Earnings Conference Call. With me today are Tony Will, President and CEO, Chris Bone, Executive Vice President and Chief Operating Officer, Bert Frost, Executive Vice President of Sales, Market Development, and Supply Chain, and Greg Cameron, Executive Vice President and Chief Financial Officer. CF Industries reported its results for the first nine months and third quarter of 2024 yesterday afternoon. On this call, we'll review the results, discuss our outlook, and then host a question and answer session. Statements made on this call and in the presentation on our website that are not historical facts are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any statements. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available on our website. Also, you'll find the reconciliations between GAAP and non-GAAP measures in the press release and presentation posted on our website. Now, let me introduce Tony Will.

Thanks, Martin, and good morning, everyone. We are an organization that prides itself on unparalleled operational excellence. Our asset utilization and our safety statistics are truly world class. And so it is with great sadness that I have to report in early October we lost a member of our team at Donaldsonville, Louisiana due to a fatal vehicular accident. Our thoughts are with and our hearts go out to his family, friends, and colleagues. This is a tragic reminder about why we put safety first and the importance of not being satisfied, nor becoming complacent with historical performance, but our need to remain focused on the present in everything that we do. I am confident our team will learn from this tragedy as we work together to ensure all our colleagues remain safe every day. Turning to earnings, yesterday afternoon we posted results for the third quarter of 2024 in which we generated adjusted EBITDA of $511 million. This brought adjusted EBITDA for the first nine months of the year to $1.7 billion. Additionally, our EBITDA to cash flow conversion efficiency remained strong, and we ended the quarter with more cash on the balance sheet than we began with, even after returning $580 million to shareholders through share repurchases and dividends. We are very pleased with where our business is today. Our team is operating well, global nitrogen demand remains consistently strong, and we continue to make progress in our strategic initiatives. With that, I'll turn it over to Chris to provide more details on our operating results. Chris?