Enterprise Products Partners L.P.

Thank you for standing by and welcome to Enterprise Products Partners L.P.'s third quarter 2026 earnings conference call. Currently, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. To remove yourself from the queue, you may press star 1 1 again. I would now like to hand the call over to Joe Thuriak, VP of Finance and Investor Relations. Please go ahead.

Thanks, Lateef. Good morning and welcome to the Enterprise Products Partners conference call to discuss third quarter 2026 earnings. Our speakers today will be Co-Chief Executive Officers of Enterprises General Partner, Jim Teague and Randy Fowler. Other members of our senior management team are also in attendance for the call today. During this call, we will make forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 based on the beliefs of the company, as well as assumptions made by and information currently available to Enterprise's management team. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it gives no assurance that such expectations will prove to be correct. Please refer to our latest findings with the SEC for a list of factors that may cause actual results to differ materially from those in the forward-looking statements made during this call. And with that, I'll turn it over to Jim.

Thank you, Joe. As some of you may or may not know, this marks my final quarterly earnings call as Co-CEO of Enterprise. Looking out across this room and reflecting on nearly three decades, It's impossible not to feel a profound sense of gratitude for the journey we have shared. When I joined Enterprise in 1999, the company had an enterprise value of less than $2 billion. Today it approaches $120 billion. The true measure of enterprise has never been just the number on a balance sheet. It has always been defined by a philosophy that was handed down by Dan. Do the best you can every day. Those simple yet profound words became the foundation of the Enterprise culture. They define both our personal and collective mission. Achieve extraordinary results through hard work, perseverance, and teamwork. Before joining Enterprise, I spent more than two decades at Dow Chemical. I was an Enterprise customer. My time on the other side of the negotiating table gave me a unique perspective of the midstream industry. It taught me to view our assets from the customer's point of view. That customer-first mindset is woven directly into our culture, driving our team to ask the hard questions. How do we solve our customers' problems? How do we eliminate downtime? And how do we keep products moving? That mindset, combined with an extraordinary team willing to ask why and why not, allowed us to move quickly when the Shell revolution transformed our industry. We spent the last 20 years connecting supply basins from the Permian, Eagleford, Hainesville, and Marcellus to our customers along the Gulf Coast. And when domestic production exceeded U.S. demand, we built and expanded our collection of export terminals to deliver product all over the world. When I look at our network of pipelines, plants and docks, I don't just see physical assets, I see the people who run them. Our assets thrive because the people operating them care about one another. Enterprise success has never been driven by individual heroes. It's driven by teamwork. We operate as one, one team and one book, the enterprise book. Every decision is made based on the overall benefit for the company. For a long time, we measured things in den dollars. Today we measure them in randa dollars. Our strength comes from checking our egos at the door and staying laser focused on the details. To all the men and women across our entire system, thank you. You are the true engine of enterprise. You've braved freezing rain, brutal heat, hurricanes, and a pandemic. And when times get tough, you work around the clock to keep production flowing. Serving alongside you has been the greatest privilege of my professional life. Duranda. Thank you for your unwavering support and thank you for your dedication for preserving our company's values. To my partner Randy, we have shared an incredible working partnership for nearly 30 years. Your financial discipline, sound business judgment, and dedication to our core values represent everything the enterprise culture stands for. As Randy assumes the sole CEO role in January, I step aside knowing with certainty this company is absolutely in the best hands. Finally, to our investors in the analyst community, thank you for the engagement, the sharp questions, and the trust you've placed in our company over the years. And with that, you got the ball, buddy boy.