Frontera Energy Corporation

Good morning, my name is Vincent and I'll be your conference facilitator today. Welcome to Frontera Energy's second quarter 2026 operating and financial results conference call. All lines are currently on mute to prevent any background noise. I would like to remind you that this conference call is being recorded today and is also available through an audio webcast. Following the speaker's remarks, there will be time for questions. Analysts and investors are reminded that any additional questions can be directed to Frontera following today's call at ir.fronterainfrastructure.ca. This call contains forward-looking information within the meaning of applicable Canadian securities laws relating to activities, events, or developments the company believes or expects will or may occur in the future. Forward-looking information reflects the current expectations, assumptions, and beliefs of the company based on information currently available to it. Although the company believes the assumptions are reasonable, forward-looking information is not a guarantee of future performance. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the company to differ materially from those discussed in the forward-looking information. The company's MD&A for the three and six months ended June 30, 2026. and the company's annual information form and other documents it files from time to time with securities regulatory authorities describe the risks uncertainties material assumptions and other factors that could influence actual results any forward-looking information speaks only as of the date on which it is made and the company disclaims any intent or obligation to update any forward-looking information except as required by law I would now like to turn the call over to Mr. Gabriel de Alba, Chairman of the Board of Frontera Energy. Mr. de Alba?

Thank you, operator. Good morning, everyone, and welcome to Frontera's second quarter, 2026 Operating and Financial Results Conference Call. Joining me today are Orlando Cabrales, Frontera's CEO, and Andres Sarmiento, Frontera's CFO. Also available to answer questions at the end of the call are Alejandra Bonilla, our General Counsel, and Renata Campagnaro, our Vice President of Commercial and Projects. Thank you all for joining us. This quarter marked an important turning point for Frontera. On June 1st, 2026, we completed the plan of arrangement with Pyrex Resources. With the completion of the Parix transaction, $8.34 Canadian per share was returned to our shareholders. An important realization of value and the culmination of a multi-year effort to simplify the company, unlock value for our shareholders, and establish a stronger foundation for Frontera's next chapter. Frontera today is a fundamentally different company, simpler, and focus on infrastructure with resilient cash generating assets leveraged below one times adjusted EBITDA and a differentiated growth opportunity through LNG at Puerto Bahia. Together, this positioned the company to be a meaningful player in Colombia's energy security. With that transformation now complete, the board's mandate is equally clear. Focus on growth Execute, allocate capital with discipline, and create long-term value for our shareholders. As we move forward, we will continue to evaluate investments and financing decisions against clear risk-adjusted return criteria while maintaining balance sheet discipline and a strong focus on long-term shareholder value. We also made important progress during the quarter on the next phase of Puerto Bahia's The take or pay agreement with Ecopetrol together with the floating storage and regasification unit capacity secured with Xcelerate Energy. These are substantially advances that put forward the commercial and technical foundation of our LNG regasification project. Our focus now is execution, delivering the milestones required to achieve first gas in early 2027 continuing to grow our existing port business and operating our assets safely and efficiently. With that, I now like to turn the call over to Orlando Cabrales, Frontera CEO, and Andres Sarmiento, Frontera CFO, who will take you through our second quarter results in greater detail. Orlando.

Thank you, Gabriel. Good morning, everyone. and thank you for joining us for today's call. Our second quarter results reflect the successful completion of our multi-year transformation and the solid underlying performance of our infrastructure assets. Let me start with Puerto Bahia. Poor revenues were $14.6 million in the second quarter compared with $12.7 million in the prior quarter and $11.3 million in the second quarter of 2025. Puerto Aria has established itself as a key strategic partner to the automotive sector in Colombia with railroad cargo volumes up approximately 85% Year-over-year and 26% quarter-over-quarter. April 2026 established a new all-time record handling 1,700 units in a single month, reflecting the strong underlying demand momentum while LPG volumes continue to ramp up during the quarter. Turning to our ODL pipeline investment, we received $26.8 million in ODL dividends during the second quarter of 2025. During the quarter, ODL declared an additional return of capital of $5.2 million. On our LNG regressification project, Puerto Aria has entered to provide integrated logistics and energy regasification services in Cartagena. The agreement will be developed in two phases, with an initial two-year regasification capacity of 126 million cubic feet per day, starting in 2027, increasing to 300 million cubic feet per day thereafter. To fulfill the contract, Puerto Vallarta has also contracted with Xcelerate Energy for the lease of a floating storage and reclassification unit for an initial term of seven years, extendable for an additional five to eight years. I would now like to turn the call over to Andres Sarmiento, Fronteras, CFO.