LSB Industries, Inc.

Greetings. Welcome to LSB Industries' second quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to Kristy Carver, Senior Vice President and Treasurer. Thank you. You may begin.

Good morning, everyone. Joining me today are Mark Behrman, our Chairman and Chief Executive Officer, Cheryl Maguire, our Chief Financial Officer, and Damien Renwick, our Chief Commercial Officer. Please note that today's call includes forward-looking statements. These statements are based on the company's current intent, expectations, and projections. They are not guarantees of future performance. and a variety of factors could cause the actual results to differ materially. For more information about the risks and uncertainties that could cause actual results to differ materially from those projected or implied by forward-looking statements, please see the risk factors set forth in the company's most recent annual report, Form 10-K. On the call, we will reference non-GAAP results, Please see the press release in the Investors section of our website, lsbindustries.com, for further information regarding forward-looking statements and reconciliations of non-GAAP results to GAAP results. At this time, I'd like to go ahead and turn the call over to Mark.

Thank you, Kristy, and good morning, everyone. We delivered a strong quarter both financially and operationally. Operationally, we continue to make meaningful progress in improving safety, plant reliability and operating rates, and product optimization, while also advancing several important growth initiatives that we believe will support stronger earnings and shareholder value. There are three key topics I'd like to cover today. First, the turnaround activity completed during the quarter and the expected benefits to our operating performance. the changes to our ownership agreement at El Dorado for the carbon capture and sequestration project, and third, how these actions position LSB for stronger performance going forward. Starting with our turnaround activity, we successfully completed an extensive, complex turnaround of our El Dorado ammonia plant and site infrastructure during the quarter. Importantly, this work was completed on time, on budget, and injury-free, which is a strong reflection of the planning, coordination, and execution of our team. We are already seeing the benefits of this work with Eldorado achieving some of the highest daily production rates since we went into production in 2016. We also made the strategic decision to pull forward much of the scheduled turnaround work at our prior facility from the third quarter into the second quarter. This shifted a portion of expected turnaround related production and earnings impacts into the second quarter, which will reduce the expected production downtime and related earnings impact for the third quarter. We successfully restarted the plants late last week and are in the process of ramping up to full production and expect to see improved reliability from that site as well. Taken together, these investments in our facilities support our goal of improving annual production and earnings while continuing to maintain the safety standards that are essential across our operations. Turning to Eldorado, in May, we announced an agreement to assume full ownership of our carbon capture and sequestration project from Lapis Carbon Solutions. The milestone-based structure of the agreement aligns the company's capital deployment with project advancement while limiting upfront capital exposure. We continue to view this project as a meaningful long-term value creation opportunity for LSB, and I'll provide further details and an update on the project later in the call. We entered the second half of 2026 with strong momentum and a meaningfully improved operating setup. We expect to benefit from higher overall production rates at El Dorado and prior, as well as our continued focus on reliability, efficiency, and product mix optimization. We believe our improved operating platform positions us to capitalize on current market conditions, and more importantly, we believe the actions we've taken position us to drive stronger financial and operational performance through the remainder of this year and into the future. Now I'll turn over the call to Damien to provide more detail on the commercial environment.