DT Midstream, Inc. (DTM) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.720 Welcome, everyone, to the DT Midstream fourth quarter and year-end 2025 earnings call. 00:00:05.720 -- 00:00:09.706 I will now turn the call over to our speaker today, Todd Lorman, Director of Investor 00:00:09.706 -- 00:00:13.228 Relations. Please go ahead, sir. 00:00:13.512 -- 00:00:18.780 Good morning and welcome, everyone. Before we get started, I would like to remind 00:00:18.780 -- 00:00:24.469 you to read the Safe Harbor Statement on page two of the presentation, 00:00:24.469 -- 00:00:28.212 including the reference to forward-looking statements. 00:00:28.212 -- 00:00:33.459 Our presentation also includes references to non-GAAP financial measures. 00:00:33.459 -- 00:00:39.165 Please refer to the reconciliations to GAAP contained in the appendix. 00:00:39.308 -- 00:00:45.557 Joining me this morning are David Slater, Executive Chairman and CEO, 00:00:45.557 -- 00:00:50.564 and Jeff Jewell, Executive Vice President and CFO. 00:00:50.564 -- 00:00:55.308 With that, I'll go ahead and turn the call over to David. 00:00:55.651 -- 00:00:59.116 Thanks, Todd, and good morning everyone, and thank you for joining. 00:00:59.116 -- 00:01:04.283 During today's call, I'll discuss our 2025 accomplishments, recap the strategic 00:01:04.283 -- 00:01:10.071 milestones DTM has achieved since our spinoff approximately five years ago, and 00:01:10.071 -- 00:01:15.118 provide an update on our organic growth project backlog and our outlook for 2026 00:01:15.118 -- 00:01:17.000 and beyond. 00:01:17.000 -- 00:01:21.587 I'll then close with some observations on the current natural gas market fundamentals 00:01:21.587 -- 00:01:26.971 before turning it over to Jeff to review our financial performance and guidance. 00:01:27.140 -- 00:01:31.626 So with that,...