Gibson Energy Inc.

Good day and thank you for standing by. Welcome to the 2024 second quarter Gibson Energy earnings call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you'll need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Beth Pollack, Vice President of Capital Marketing and Risk. Please go ahead.

Thank you, Marvin. Good morning and thank you for joining us to discuss our second quarter 2024 operational and financial results. Joining me on the call this morning from Gibson Energy are Steve Spaulding, President and Chief Executive Officer, and Sean Brown, Senior Vice President and Chief Financial Officer. We also have the rest of the senior management team in the room to help with questions and answers as required. Listeners are reminded that today's call refers to non-GAAP measures, forward-looking and pro forma financial information, which is derived in part from historical financial information of South Texas Gateway Terminal LLC and is subject to certain assumptions and adjustments and may not be indicative of actual results. Descriptions and qualifications of such measures and information are set out in our investor presentation available on our website, and on our continuous disclosure documents available on CDAR+. Now, I would like to turn the call over to Steve.

Thank you, Beth. Now, before I begin, I want to take a moment to talk to thank really all the Gibson employees, both present and past, the board and all our stakeholders for the opportunity to have led this organization for the past seven years. I'm proud of what we've accomplished. And no, I'm leaving the organization in a great spot and in good hands with Curtis. I've known Curtis personally for a number of years and have seen firsthand his ability to grow a business and create shareholder value. I look forward to the next chapter for Gibson, this time as just as a shareholder. As Curtis continues to execute, enhance, and grow our successful infrastructure strategy, This quarter, Sean will speak to the financial results, and I will focus my remarks on the commercial developments around our assets. On July 15th, we announced the extension of a long-term contract at our Gateway Terminal, underpinned by high-quality, investment-grade counterparties. This development is the first step in demonstrating the value Gateway brings to our customers. and aligning a high quality of cash flow at our gateway terminal with those of Canadian infrastructure assets. In addition, we also announced the sanctioning of the Cactus 2 connection, which we expect to be in service in Q3 2025. This project will provide our customers with access to approximately 700,000 barrels a day of incremental Permian supply. As the company looks forward during the second half of 2024, we still expect to deploy approximately $150 million in growth capital, with the majority directed towards our Canadian infrastructure assets, predominantly Edmonton, and the rest at Gateway. Construction of the two tanks at our Edmonton terminal continues to progress as planned, with completion expected to be in late 2024. These tanks will support Synovus with their shipments on the TMX pipeline by providing them with 870,000 barrels of storage capacity. Construction is supported by a 15-year take-or-pay agreement. With TMX now operational, we remain in discussions with other customers on ways we can effectively support them during this pivotal period moving forward. With respect to Gateway, we continue to perform ahead of our expectations. Volumes remain near all-time highs, consistent with that first quarter. Further, our contracting discussions in the extension of our long-term contract with a valued partner at our facility, which met our previously communicated commercial objectives related to rate and tenure. We still expect to be in a position to provide additional news on the second contract on a five to seven year term at or above existing rates in a relatively near term. On the ESG front, yesterday we released our 2023 sustainability report, which highlights the progress we've made thus far towards our sustainability goals. Other achievements during the quarter that we are proud of include being recognized as one of Alberta's top 80 employers and Canada's best diversity employers for the third year in a row. To conclude, Gibson has delivered another strong quarter. I will now pass the call over to Sean, who will walk us through our financial results in more detail. Sean.