Keyera Corp.

Good morning. My name is Joelle, and I will be your conference operator today. At this time, I would like to welcome everyone to Kiara's 2024 Third Quarter Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. If you would like to withdraw your question, please press star, followed by the two. Thank you. I would now like to turn the call over to Dan Cuthbertson, General Manager of Investor Relations. You may begin.

Thanks, and good morning. Joining me today will be Dean Setaguchi, President and CEO, Eileen Maricar, Senior Vice President and CFO, Jamie Urquhart, Senior Vice President and Chief Commercial Officer, and Jared Bestilny, Senior Vice President, Operations and Engineering. We'll begin with some prepared remarks from Dean and Eileen, after which we will open the call to questions. I'd like to remind listeners that some of the comments and answers we will be giving today relate to future events. These forward-looking statements are given as of today's date and reflect events or outcomes that management currently expects. In addition, we will refer to some non-GAAP financial measures. For additional information on non-GAAP measures and forward-looking statements, please refer to Kiera's public filings available on CDAR and our website. With that, I'll turn the call over to Dean.

Thanks, Dan, and good morning, everyone. We're pleased to deliver another solid quarter driven by strong performance from all three business segments. We remain well on track to reach the upper end of our six to 7% EBITDA growth target. In our gathering processing segment, we delivered 99 million in realized margin. This result was supported by near record quarterly throughput from our north region up 15% year over year. This included the partial impact of our turnaround at the Wapiti gas plant. Our liquids infrastructure segment delivered its second highest quarter ever, with $135 million in realized margin. Driving this performance was a continued ramp up of caps and growing demand for our fractionation, storage, and condensate businesses. Our marketing segment continued to perform well, generating $135 million in realized margin. The increase relative to last year was due to higher propane, condensate, and iso-octane sales volumes and margins. Our marketing segment is a distinct competitive advantage. Strong cash flow from this physical business has enabled us to consistently deliver above average after-tax corporate returns. This cash flow is then reinvested into long-life infrastructure projects. in turn driving growth and high-quality fee-for-service cash flow. We continue to advance capital-efficient growth opportunities. At KFS, we have ordered long-lead items for an 8,000-barrel-per-day debottleneck over Fract 2. We expect to officially sanction the project in the early part of 2025 to achieve an end-service date late in 2026. We continue to advance customer contracting and engineering on KFS Fract 3. This project would add about 47,000 barrels per day of additional capacity. Together, these two projects will increase our overall net fractionation capacity by about 60%, further strengthening our integrated value chain and our ability to service customers. We finished the quarter in a very strong financial position. This gives us tremendous flexibility to deploy capital in a manner that is most value-creative for shareholders. Today we announce that we'll be seeking approval for share buybacks. This will be used opportunistically and weighed carefully against other options for deploying capital. As we said before, based on the opportunities we see, our preference is to invest in continuing to grow our integrated platform in Western Canada. I'll now turn it over to Eileen, who will provide an overview of our financial performance for the quarter and speak to our guidance for 2024. Eileen?