Gibson Energy Inc.

Good morning, everyone, and welcome to the Gibson Energy third quarter 2024 conference call. Please be advised that this call is being recorded. I would now like to turn the meeting over to Beth Pollack, Vice President, Capital Markets and Risk. Ms. Pollack, please go ahead.

Thank you, Therese. Good morning, and thank you for joining us to discuss our third quarter 2024 operational and financial results. Joining me on the call this morning from Gibson Energy are Curtis Philippon, President and Chief Executive Officer, and Sean Brown, Senior Vice President and Chief Financial Officer. We also have additional senior management team members 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 information, 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 our continuous disclosure documents available on CDAR+. Now, I would like to turn the call over to Curtis.

Thank you, Beth. Good morning, everyone, and thank you for joining us. I'm pleased to be here today for my first quarterly call with Gibson Energy. Before we get into our third quarter results, I'd like to take a moment to introduce myself. Prior to joining Gibson, I've been in the North American energy sector for over 20 years, the most recent decade of which was spent as the president and CEO of a low carbon energy distribution business. During my time there, we were successful in developing solutions to bridge gaps in infrastructure, and in doing so, profitably grew the business in both Canada and the US and generated substantial shareholder value. We're looking forward to doing the same at Gibson. Since joining the company, I've had the opportunity to visit our operations in Edmonton, Hardesty, Moose Jaw, Wink, and Ingleside. And what struck me is the quality and experience of our team, who take pride in operating our assets safely and efficiently, as well as our strong customer relationships. It is impressive seeing Gibson's critical energy infrastructure firsthand. Our operations span from touching one in four barrels produced in Western Canada to exporting Permian and Eagleford barrels through the second largest crude export terminal in the U.S. These irreplaceable assets provide a tremendous platform for growth. Our focus is on strengthening our high-performance team culture and running our business well. Over the next year, our strategic priorities are delivering on the potential and gateway and realizing the growth opportunities that surround our asset base. Now turning to our third quarter results, I'm pleased to report that we've had another strong quarter with adjusted EBITDA of $151 million, driven by near record contribution from our infrastructure segment of $150 million. From a commercial perspective, construction of the two new tanks that are Edmonton Terminal has progressed according to schedule, and we expect to place them into service by the end of the year. These tanks will add value for Synovus by providing 870,000 barrels of storage capacity and a high degree of connectivity, including into TMX. During the quarter, we also started work on the Cactus 2 connection at our gateway terminal, which will provide our customers with access to approximately 700,000 barrels a day of incremental Permian supply. We expect the connection to be in service in Q3 2025. As mentioned on our last call, we announced the Cactus 2 connection, along with the extension of a long-term contract at our Gateway terminal on July 15th, which is backed by a high-quality, investment-grade counterparty. With respect to Gateway operations, we continue to see growing demand for our services at the terminal, and contracting discussions with customers are moving forward. Our confidence in extending a second contract is unchanged, and we still expect to continue achieving our previously communicated commercial objectives regarding tender and rate. So in summary, my first quarter at Gibson has been a pleasure. The team has delivered a solid quarter, and I'm excited about the potential going forward. I'll now pass the call over to Sean, who will walk through our financial results in more detail.