Plains GP Holdings, L.P. (PAGP) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.057 and welcome to the PAA and PAGP first quarter 2026 00:00:05.057 -- 00:00:09.462 earnings call. At this time, all participants are in a listening mode. 00:00:09.462 -- 00:00:13.127 After the speaker's presentation, there will be a question and answer session. 00:00:13.127 -- 00:00:17.472 To ask a question, you will need to press star 11 on your touchscreen telephone. 00:00:17.472 -- 00:00:21.657 Please note this call is being recorded. I would like to turn the call over to Blake 00:00:21.657 -- 00:00:24.420 Fernandez, Vice President of Investor Relations. 00:00:24.420 -- 00:00:25.968 Please go ahead. 00:00:25.968 -- 00:00:29.632 Thank you, Michelle. Good morning and welcome to Plains All-American first quarter 2026 00:00:29.632 -- 00:00:34.678 earnings call. Today's slide presentation is posted on the investor relations 00:00:34.678 -- 00:00:39.262 website under the news and events section at ir.plains.com. 00:00:39.384 -- 00:00:43.709 An audio replay will also be available following today's call. 00:00:43.709 -- 00:00:48.195 Important disclosures regarding forward-looking statements and non-GAAP financial measures 00:00:48.195 -- 00:00:52.985 are provided on slide two. An overview of today's call is provided on slide three. 00:00:52.985 -- 00:00:57.551 a condensed consolidating balance sheet for PAGP, and other reference materials are in 00:00:57.551 -- 00:01:02.637 the appendix. Today's call will be hosted by Willie Chang, Chairman, CEO, and President, 00:01:02.637 -- 00:01:07.563 and Al Swanson, Executive Vice President and CFO, along with other members of our management 00:01:07.563 -- 00:01:10.307 team. With that, I'll turn the call over to Willie. 00:01:10.307 -- 00:01:13.972 Thank you, Blake. Good morning, everyone, and thank...