DT Midstream, Inc.

To the DT midstream second quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one of your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star zero. I will now turn it over to our speaker today, Todd Lohrman, Director of Investor Relations. Thank you. Please go ahead.

Good morning and welcome, everyone. Before we get started, I would like to remind you to read the Safe Harbor Statement on page two of the presentation, including the reference to forward-looking statements. Our presentation also includes references to non-GAAP financial measures. Please refer to the reconciliations to GAAP contained in the appendix. Joining me this morning are David Slater, President and CEO, and Jeff Jewell, Executive Vice President and CFO. I'll now turn it over to David to start the call. Thanks, Todd.

Good morning, and thanks, everyone, for joining us today. I'm very excited to be hosting our inaugural quarterly earnings call after a successful spinoff from DTE. We've been operating as a standalone company for just over a month now, and I am pleased to see our business continue its strong performance. I could not be happier with the job the team has done getting us to this point today. I'd like to personally thank the many people involved in our successful spin, including the employees of both DTM and DTE, the boards of both companies, and research analysts along with debt and equity investors. Because of your contributions, we are well positioned for continued success. Let's start on slide three. For the first half of the year, we delivered strong growth across both business segments and are on track to achieve our 2021 adjusted EBITDA and operating earnings guidance with a bias to the upper end of both ranges. Our board of directors is officially in place and yesterday approved our first quarterly dividend of $0.60 per share, which will be paid in the fourth quarter of this year. DTM announced dividend, when combined with that of DT Energy, is delivering the higher combined dividend that we described pre-spend. We are also highly confident in our growth trajectory beyond 2021. We are affirming our 22 early outlook for adjusted EBITDA and increasing our 2022 early outlook for operating earnings. Let's turn to slide four. As a standalone C-Corp, DTM offers a unique opportunity for investors. Our asset platforms are well positioned to serve key markets from the two premier dry gas basins in the country, providing well-headed market services. We have a clean balance sheet with low leverage and no significant maturities for seven years, supporting our self-funded growth agenda. Our strong cash flow generation is underpinned by long-term take-or-pay contracts. And we are committed to a best-in-class ESG program with leading C-Corp governance and net zero carbon emissions by 2050. I'll now pass it over to Jeff, who will cover our financial results.