DT Midstream, Inc.

me to press star followed by the number one on your telephone keypad. As a reminder, this conference call is being recorded. I would now like to turn the call over to Todd Lorman, 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, and good morning, everyone, and thank you for joining. During today's call, I'll touch on our financial results, provide an update on the latest commercial activity and construction progress on our growth initiatives. I'll then close with some commentary on gas market fundamentals before turning it over to Jeff to review our financial performance and outlook. So with that, we had another strong quarter and the business continues to perform in line with our full year plan. We are reaffirming our 2024 adjusted EBITDA guidance range. and our 2025 adjusted EBITDA early ELIC range. Our construction and commercial teams are making great strides in advancing our backlog of organic growth projects, positioning the company for continued success. This morning, we are pleased to announce that our LEED Phase III expansion was placed into service early and on budget, increasing the capacity from 1.7 to 1.9 BCF per day. and further expanding our Haynesville system's wellhead to water connectivity. As a reminder, this expansion was underpinned by long-term take-or-pay contracts and leverages incremental looping and compression, providing reliable, timely access to growing Gulf Coast LNG demand. We continue to be in active discussions for a LEAP Phase 4 expansion, with strong recognition by producers of the coming demand starting next year. and the long-term value for production access to Gulf Coast markets. Sticking with our Haynesville system, we've also executed agreements to connect three producers that are located in East Texas, further expanding and diversifying the supply access of our system. These agreements with private producers are underpinned by long-term contracts with sizable acreage dedications and include all of the delivery point flexibility of the system including potential access to LEAP. Turning to our energy transition platform, our carbon capture and sequestration project in Louisiana continues to progress as planned. The third-party evaluation of the Class 5 test well was recently completed, and the results confirm the formation's suitability for CO2 sequestration. We've commenced a more detailed engineering design of the system and injection site. and are awaiting the final class six well permit requirements from the Louisiana DENR. We are very happy with how the project is progressing and it remains on track for a second half of 2024 FID. This morning, we were also excited to announce that earlier this month, we reached an agreement to advance a new clean fuels gathering project. This project consists of the acquisition of an existing treating plant, and the build out of a new gas gathering system, which will gather fugitive coal mine methane from acreage dedicated by a producer. This new project is right in our wheelhouse and is expected to provide significant tax credit and environmental benefits, leveraging the producer's development and operational experience and our gathering, treating, and tax credit expertise. We are excited about our entry into this emerging and growing clean fuel space through the advancement of this opportunity from our project backlog, and we'll keep you updated as it progresses. Finally, I wanted to take a moment to address the natural gas market fundamentals. In spite of the choppiness in the short-term market, which is trading on weather, our portfolio has remained very durable, and we continue to be bullish on the need for natural gas infrastructure in the long term. We are nearing the next wave of new LNG demand growth, which will increase the call on natural gas production in 2025, and are pleased to see some fee gas deliveries to these new facilities already starting. We fully expect that growing LNG demand will underpin the gas market over the next decade, especially along the Gulf Coast corridor, which can be served directly via our Haynesville system. Beyond this new demand from LNG, we continue to be highly focused on advancing power demand related gas infrastructure opportunities across our footprint as new large industrial loads such as data centers emerge. With speed to market and reliability being foremost considerations for many of these facilities, natural gas fire power generation will be needed to provide stable and predictable base load energy. We anticipate this power demand growth will require incremental pipeline and natural gas storage infrastructure, creating growth opportunities for DTM, and we are currently engaged in early stage commercial discussions with six potential projects across our network. While not all of these opportunities may advance, we are excited about the prospect to serve this emerging demand growth. So, in summary, I am very pleased with how our team has performed in this challenged short-term commodity market as we continue to commercialize growth opportunities from our project backlog. I'll now pass it over to Jeff to walk you through our quarterly financials and outlook.