SM Energy Company

Greetings and welcome to SM Energy's first quarter 2025 financial and operating results Q&A session. 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, you can press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Pat Lytle, Senior Vice President in Finance. Thank you. You may begin.

Thank you, Chamali. Good morning, everyone. In today's call, we may reference the earnings release, IR presentation, or prepared remarks, all of which are posted to our website. Thank you for joining us to answer your questions today. On the call this morning, we have our President and CEO Herb Vogel, COO Beth McDonald, and CFO Wade Purcell. Before we get started, I need to remind you that our discussion today may include forward-looking statements and discussion of non-GAAP measures, I direct you to the accompanying slide deck and earnings release and risk factors section of our most recently filed 10-K, which describe risks associated with forward-looking statements that could cause actual results to differ. Also, please see the slide deck appendix and the earnings release for definitions and reconciliations of non-GAAP measures to the most directly comparable GAAP measures and discussion of forward-looking and non-GAAP measures. Also, our first quarter 10Q was filed this morning. With that, I will turn it over to Herb for brief opening commentary. Herb?

Thanks, Pat. Good morning and thank you for joining us. We are really pleased with the performance across the company and particularly pleased with how well the integration has gone and the quality of our Uintah Basin assets. As a reminder, our plan for 2025 delivers 30% increase in oil production, 20% increase in total production, and that's a step change in scale for SM. And we clearly have three top tier assets. With that, I'll turn the call back over to Shamali to take your questions. Shamali.