DT Midstream, Inc.

and welcome to the DT Midstream third quarter 2024 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press the star one. Thank you. I'd now like to turn the call over to Todd Lorman, Director of Investor Relations. You may begin.

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 development activity, and progress on our growth initiatives. I'll then close with some observations on the overall gas market before turning it over to Jeff to review our financial performance and outlook. So starting off, we had another strong quarter operationally and the team continues to commercialize new organic projects that support our future growth. Our strong year-to-date performance is enabling us to increase our 2024 adjusted EBITDA guidance range to $950 to $980 million. We are also reaffirming our 2025 adjusted EBITDA early outlook range. By continuing to advance projects from our organic project backlog and leveraging the scale from our existing integrated asset platforms, we are well positioned for continued growth in 2025 and beyond. Our track record of strong performance was also recognized earlier this month by Finch Ratings, who upgraded us to investment grade, a strategic goal that we have had since we spun the company in 2021. This morning, we are excited to announce that we have reached a final investment decision on a LEAP Phase 4 expansion, which will increase capacity by 200 million cubic feet per day and further expand our integrated wellhead to water system to the LNG corridor. Our premier Haynesville system has established itself as the leader in both overall capacity and interconnectivity. This expansion, which we expect will be completed in the first half of 2026, increases total LEAP capacity from 1.9 to 2.1 BCF per day via incremental compression and looping, and is underpinned by long-term demand-based contracts with two new customers. This project highlights our Hainesville system's ability to quickly serve our customers' growing needs with right-sized, capital-efficient, and timely expansions. and also signals the demand for takeaway capacity out of the Hainesville to serve Gulf Coast and LNG markets as the basin shifts back into growth mode. This morning, we were also pleased to announce that we are upsizing our previously disclosed project connecting to the Mountain Valley pipeline on our Stonewall system, which will increase the capacity of the Strategic Appalachian Basin interconnect and provide our customers with additional access to the growing mid-Atlantic markets. This project, which is anchored by a long-term agreement with a large privately held producer, increases outlet capacity on Stonewall by 100 million cubic feet per day, is underpinned by a demand-based contract to protect project economics, and we expect to have this project in service in the first half of 2026. In addition to the projects that have reached FID, we remain in a number of active discussions to commercialize new power and data center opportunities across our network. And we will keep you updated as these opportunities advance. Turning to our carbon capture and sequestration projects in Louisiana, as we mentioned on our second quarter call, we have validated the storage formation structure and are confident in the geological suitability of the site. The team continues our pre-FID detailed engineering design of the storage well, CO2 pipeline, and related facilities. We are still awaiting regulatory clarification and guidance from the Louisiana DENR for our class 6 permit application, which we expect will be received prior to the end of the year. We continue to be disciplined in our execution of this project. minimizing capital deployment until we reach a final investment decision, a milestone that we now expect will come in the first half of 2025. Finally, I'd like to take a moment to address the natural gas market fundamentals. We've continued to see choppiness in the short-term market, but our portfolio has remained very durable. We are seeing supportive signals recently with the storage surplus beginning to work off and inventories moving towards the five-year average. and we expect that growing LNG demand beginning in 2025 will provide a more constructive environment for gas producers. In the long term, we expect natural gas demand to continue to grow, driven by the expanding LNG export market, increased power and data center demand, and from industrial and commercial onshoring, all of which will support high utilization and further development of natural gas infrastructure. with DTM's strategically located asset footprint being well-positioned to serve this growing demand. So in summary, I'm very pleased with the continued performance from our team as we continue to commercialize growth opportunities from our project backlog and prepare for the demand ramp in 2025 and beyond. I'll now pass it over to Jeff to walk you through our quarterly financials and outlook.