Equitrans Midstream Corporation Common Stock

Thank you for standing by and welcome to the Equitrans Midstream Q3 2020 Quarterly Earnings Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask the question during the session, you need to press star 1 on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star zero. And I'd like to hand the comments over to your speaker today, Nate Tetlow. Thank you. You may begin.

Good morning and welcome to the third quarter 2020 earnings call for Equitrans Midstream Corporation. A replay of this call will be available for 14 days beginning this evening. The phone number for the replay is 800-585-8367. or 416-621-4642. And the confirmation ID is 7529126. Today's call may contain forward-looking statements related to future events and expectations. Please refer to today's news release and risk factors in ETRN's Form 10-K for the year ended December 31st, 2019 and as updated by Form 10-Q for factors that could cause the actual results to differ materially from these forward-looking statements. Today's call may also contain certain non-GAAP financial measures. Please refer to this morning's news release and our investor presentation for important disclosures regarding such measures including reconciliations to the most comparable GAAP financial measure. On the call today are Tom Karam, Chairman and CEO, Diana Charlotta, President and Chief Operating Officer, Kirk Oliver, Senior Vice President and Chief Financial Officer, Justin Mackin, Senior Vice President, Gas Systems Planning and Engineering, and Brian Petrandrea, Vice President and Chief Accounting Officer. After the prepared remarks, we will open the call to questions. With that, I'll turn it over to Tom.

Thanks, Nate, and good morning. We hope everyone is continuing to stay safe. Today, we reported net income of $168 million and adjusted EBITDA of $282 million for the third quarter. Both exceeded our expectations. Our asset base and operations remain strong. and the results reflect that. The third quarter results were driven by the efforts to optimize our assets, reduce operating costs, and lower our CapEx. I'll now turn it over to Diana for the operations update. Kirk will provide a finance update, and I'll come back for some closing remarks before we open the call to your questions. Diana?