ONEOK, Inc.

Good morning and welcome to One Oak's third quarter 2026 earnings call. As a reminder, this call is being recorded. If you would like to participate in the question and answer session following the speaker's opening remarks, simply press star 1 on your telephone keypad. At this time, I'd like to turn the conference over to Megan Patterson, Vice President, Investor Relations. Megan, please go ahead.

Thank you, Anna. Welcome to One Oak's third quarter 2026 earnings call. Our earnings release and presentation were issued after market close yesterday and are available on our website. On our call today are Pierce Norton, President and Chief Executive Officer, Walt Hulse, Chief Financial Officer, Randy Lentz, Chief Operating Officer, and Sheridan Swords, Chief Commercial Officer. Following our prepared remarks, management will be available to take your questions. 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. With that, I'll turn the call over to Pierce Norton.

Thank you, Megan, and good morning, everyone, and Thank you for joining us today. Yesterday, we reported strong third quarter results supported by our record Permian Basin volumes and continued growth across our integrated system. And we increased our 2026 financial guidance for the third time this year. Also completed several strategic milestones. During the quarter, we closed a $9 billion minority equity investment extinguished nearly $5.5 billion of debt and received credit rating upgrades from both S&P and Fitch. Earlier this month, we closed the acquisition of Brazos Midstream's Permian Midland Basin assets. Together, these actions give One Oak greater scale, greater financial flexibility, and clearer visibility into the future earnings growth. Our confidence in One Oak's outlook continues to gain momentum supported by the assets that we own, the customers that we serve, growth projects already underway, and the innovation of our people. We're not providing 2027 guidance today, but we expect to do so after our fourth quarter results in February. But the underlying drivers are increasingly clear. Constructive producer development plans and continued drilling and completion efficiencies, recently completed projects that will contribute to the four years earnings in 2027, additional projects nearing completion, and a full year of ownership of the Brazos assets. Importantly, that visibility extends across our integrated system and isn't dependent on a single commodity or project or base. We see opportunities across natural gas, ETLs, refined products and crude, is supported by domestic and international demand and the connectivity that we built across our value chain. That diversification gives us a multiple of avenues to grow and capture value as the market conditions evolve. The broader backdrop reinforces the opportunity. Global energy markets remain dynamic, but growing natural gas demand for power generation, industrial loads, and liquefied natural gas exports to feed the international demand all point to the same need, reliable access to essential energy when and where it is needed. International buyers are increasingly seeking long-term access to U.S. supply for its reliability and resilience and trend we're seeing through the strong export demand across our system. These drivers also reinforce confidence in our mid to high single-digit adjusted EBITDA growth target for the next five to seven years from our 2025 base. Brazos adds substantial contracted growth and value chain opportunities across our system, increasing our momentum toward the higher end of that target. WANUC has the assets, the financial strength, the discipline, and the people to capture the growing energy demand and to deliver sustainable long-term value for our investors. With that, I'll turn the call over to Walt for a financial update.