Gibson Energy Inc.

Good morning, everyone. Welcome to the Gibson Energy Second Quarter 2026 conference call. Please be advised that this call is being recorded. I would now like to turn the meeting over to Beth Pollock, Vice President, Capital Markets and Corporate Development. Ms. Pollock, please go ahead.

Thank you, and good morning, everyone. We appreciate you joining us today to discuss Gibson's Second Quarter 2026 results. Joining me are Curtis Philippon, our President and Chief Executive Officer, and Riley Hicks, our Senior Vice President and Chief Financial Officer. Other members of our Senior Leadership Team are also with us and will be available during the Q&A should any additional questions come up. Before we begin, I'd like to remind listeners that today's call will include references to non-GAAP financial measures and forward-looking information, which are subject to certain assumptions and risks. Additional information including reconciliations of these measures and related disclosures are available in our investor presentation and our continuous disclosure documents on CDAR Plus as well as on our website. With that, Curtis, over to you.

Thank you, Beth, and good morning, everyone. We appreciate you joining us today as we review Gibson's second quarter 2026 results. This was a significant quarter for Gibson, and I would like to begin by recognizing our team. Their hard work, disciplined execution and commitment made these results possible. Most importantly, we achieved a notable safety milestone in the quarter, surpassing one full year without a recordable injury, inclusive of both employees and contractors. This milestone reflects the strength of our safety culture, the experience and commitment of our teams, the quality of our program, and the relentless focus on continuous improvement across the organization. Turning to the quarter, I'd like to start with the macro backdrop because it has changed meaningfully over the past several months. Looking at the environment today, I see a more constructive backdrop for North American energy infrastructure than even a quarter ago. While this created opportunities which benefited our second quarter results, what gives me the greatest confidence is the long-term opportunity it creates for Gibson. The strategic importance of secure, reliable North American energy has never been more clear. Gibson is well positioned to support our customers with our infrastructure strategically located at critical hubs across the global energy supply chain. In Canada, recent market and access announcements and pipeline developments have created positive momentum for the energy infrastructure sector. This reinforces our long-term growth strategy and has already accelerated commercial discussions with our customers. Historically, Every new barrel of pipeline egress has required approximately four barrels of storage capacity. Over the past decade, Gibson has developed a significant share of the new merchant crude oil storage in Canada. Today, approximately half of TMX heavy crude volumes move through our Edmonton terminal, underscoring the scale and relevance of our platform. With strategic terminals and land positions in Hardesty, Edmonton and Bruderheim, along with our customer relationships and operating expertise, Gibson is very well positioned to support our customers' evolving infrastructure needs. The broader market backdrop is also shaping our U.S. business, where geopolitical uncertainty has continued to drive commodity volatility, elevated freight rates, shifting global trade flows, and constrained vessel availability, all of which have had temporary impacts on gateway volumes. following a softer first quarter, market conditions strengthened meaningfully in the second quarter and we have now set year-to-date volume records at the terminal. Looking ahead, we are monitoring freight rates, vessel availability and commodity volatility closely. Our commercial team is continuing to work with customers to ensure we can meet their needs and capture opportunities together as market conditions remain volatile. Against this backdrop, Gibson continued to advance our growth strategy and delivered a strong second quarter. We achieved a new record for infrastructure adjusted EBITDA, had our strongest marketing quarter since the second quarter of 2024, and nearly set a new record for overall adjusted EBITDA. The marketing performance was notable in the quarter. The team did an outstanding job capitalizing on opportunities created by crude volatility. Also, the investments we made last year to expand our refined products capability and diversify our customer base are also delivering results in today's stronger crack spread environment. Year-to-date marketing has contributed $18 million of adjusted EBITDA, and it is trending towards the upper end of the $40 million full-year range we provided at our investor day. Turning to infrastructure growth, We closed our acquisition of the Chauvin Pipeline System on May 1. This pipeline extends our core position at Hardesty and adds stable contracted cash flows underpinned by long-term agreements with Tyne Energy. Since closing, we have started work on the Hardesty Connection Project, which will directly connect the Chauvin assets into our core Hardesty terminal, providing customers with improved access to market. We continue to expect this project to be completed in the first half of 2027. We are also advancing the next phase of growth at Chauvin. Engineering work is underway on the planned expansion project to increase effective capacity by 50% from 30,000 barrels per day to 45,000 barrels per day. And we remain on track towards a final investment decision by year end. In the US, the Wink the Gateway integration project is on track to be placed in service by the end of the third quarter. The first phase of the pipeline twinning work is complete, enhancing our ability to move supply concurrently from the Eagleford and Permian basins into Gateway. These growth projects enhance our connectivity, improve network efficiency, and support additional capital deployment around our core assets, with the objective of delivering sustainable long-term value and attractive per share growth for shareholders. With that, I've covered our safety milestone, the macro environment, marketing performance, and the continued execution of our infrastructure growth strategy. I'll now turn the call over to Riley. He'll walk you through our second quarter financial results and balance sheet, which continue to provide financial strength and flexibility to support the strategy I've outlined today.