ONEOK, Inc.

Good day and welcome to the second quarter 2022 One Oak earnings call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Andrew Zaiola, Vice President, Investor Relations. Please go ahead, sir.

Thank you, Nash, and welcome to One Oak's second quarter 2022 earnings call. We issued our earnings release and presentation after the markets closed yesterday, and those materials are on our website. After our prepared remarks, management will be available to take your questions and Statements made during this call that might include one of expectations or predictions should be considered forward-looking statements and are covered by the safe harbor provision of the Securities Acts of 1933 and 1934. Actual results could differ materially from those projected in forward-looking statements. For discussion of factors that could cause actual results to differ, please refer to our SEC filings. Just a reminder for Q&A, we ask that you limit yourself to one question and one follow-up in order to fit in as many of you as we can. With that, I'll turn the call over to Pierce Norton, President and Chief Executive Officer.

Pierce? Thanks, Andrew. Good morning, everyone, and thank you for joining us today. We appreciate your interest and investment in our company. On today's call is Walt Hulse, Chief Financial Officer and Executive Vice President, Investor Relations and Corporate Development, and Kevin Burdick, Executive Vice President and Chief Commercial Officer. Also available to answer your questions are Sheridan Swords, our Senior Vice President of Natural Gas Liquids and Natural Gas Gathering and Processing, and Chuck Kelly, our Senior Vice President of Natural Gas Pipelines. Yesterday, we announced strong second quarter 2022 earnings, provided an update on the Medford incident, and affirmed our 2022 financial guidance expectations. As we sit today, we still expect to achieve the midpoints of our 2022 net income and adjusted EBITDA guidance, which Walt will provide additional details shortly. Our second quarter financials were achieved despite unseasonable weather in the Rocky Mountain region during the quarter. Two separate April weather events caused widespread outages and power, disrupting midstream and producer operations across the region. Our employees were well prepared and quickly responded to the challenge. They remained focused on the safe operation of our assets and the safety of the communities where we operate. And they worked with local agencies, customers, utility providers to resume normal operations as quickly as possible. Across our operations, we continue to see strength in producer activity, with commodity prices and demand supporting a strong second half of the year. While it is still too early to provide our outlook for 2023, We are well positioned across our integrated footprint to help transport and process essential natural gas and natural gas liquids. Before I turn the call over, I'd like to make and provide an update on the Medford, Oklahoma Fractionation Facility. On Saturday, July the 9th, mid-afternoon, there was a fire at the facility. First and foremost, all of our personnel were safe and accounted for. The safety of our employees and communities is always the main concern and initial focus during a situation like this. I would like to thank the many employees, first responders, and local agencies who worked together to quickly respond to the incident. We cannot say enough about the corporation and the coordination efforts of those teams who worked to put the safety of our personnel and the surrounding community first. We are cooperating with government agencies as we work to determine the cause of the incident, but expect the facility to remain out of service for an extended period of time. In yesterday's earnings release, we provided details of our property and business interruption insurance coverage. Because of this coverage, we do not currently anticipate that the incident will have a material effect on our financial condition, results of operations, or cash flows. However, the timing of insurance proceeds may impact financial results in a given quarter or year. From an operational perspective, we continue utilizing our system of integrated NGL pipeline fractionation and storage assets. We're also working with industry peers on additional fractionation and storage arrangements. I want to thank those companies for working with us to keep these essential products flowing since the incident. Our industry has a long history of stepping up to help each other when disruptions happen, and this incident has once again proven that relationships and cooperation are critical to this industry's long-term success, and we want to thank them once again. With that, I will turn over the call to Walt for discussion on our second quarter financial performance.