ONEOK, Inc.

Good day and welcome to the One Oak Second Quarter 2024 Earnings Conference Call and Webcast. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your question, please press star, then two. Please note this event is being recorded. I would now like to turn the conference over to Andrew Zaiola, Vice President of Investor Relations. Please go ahead.

Thank you, Dave, and good morning, and welcome to 1L's second quarter 2024 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. Statements made during this call that might include One Oaks 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 a follow-up 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. On today's call is Walt Hulse, the Chief Financial Officer, Treasurer and Executive Vice President, Investor Relations and Corporate Development, and Sheridan Swords, Executive Vice President, Commercial Liquids and Natural Gas Gathering and Processing. Also available to answer your questions today are Chuck Kelly, our Senior Vice President of Natural Gas Pipelines, and Kevin Burdick, who's the Executive Vice President and Chief Enterprise Services Officer. Yesterday, we announced the second quarter 2024 earnings and affirmed our full year 2024 financial guidance. Record Rocky Mountain region volumes, continued progress on acquisition-related synergies, and solid demand on our products and services drove our strong second quarter performance and provide momentum into the second half of 2024. Increasing volumes across our gathering and processing and natural gas liquid segments and the demand for our natural gas pipeline services combined with the strategic opportunities in our refined products and crude oil segments continue to provide confidence in our long-term growth and highly attractive returns across our business. We continue to identify opportunities to expand and to extend our systems with recent announcements tied specifically to the commercial opportunities and synergy-driven growth in our natural gas liquids and refined products and crude segments. In June, we completed our acquisition of a system of NGL pipelines from Easton Energy. This acquisition was unique and that it made sense for One Oak even before the acquisition of Magellan because of the ability to capture value downstream of our Mont Bellevue fractionation assets. Now, add in the legacy Magellan assets and the value creation and return potential is even greater. In addition to acquisitions, we continue to see substantial organic growth opportunities. In July, we announced the expansion of our refined products pipeline to the greater Denver area. This project will provide additional needed capacity for various transportation fuels, including aviation and sustainable aviation fuel to support increasing demand from the significant future expansion of the Denver International Airport. Also in July, we received our first shipment of sustainable aviation fuel at our Galena Park Marina terminal in Houston, facilitating growth with sustainable fuels in this market. These opportunities are all in addition to our previously announced NGL-related growth projects, including our MB6 fractionation and expansions of our Elk Creek and West Texas NGL pipelines. Sheridan will provide a more detailed explanation of those projects and timing and more to that shortly. Long-term volume commitments, strong operating performance, and a proven track record of supporting our customers with reliable capacity gives us the confidence in our future growth. And we remain committed to investing alongside our customers. Less than a year after the Magellan acquisition, we're already seeing significant synergies and discovering new growth opportunities that wouldn't have been possible for either company on its own. Our integrated assets are proving their value and our potential for additional growth remains. With that, I'll turn the call over to Walt.