Plains GP Holdings, L.P. (PAGP) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.640 Thank you for standing by and welcome to PAA and PAGP's second quarter 2025 00:00:05.640 -- 00:00:11.109 earnings conference call. At this time, all participants are in a listen-only 00:00:11.109 -- 00:00:16.157 mode. After the speaker presentation, there will be a question and answer session. 00:00:16.157 -- 00:00:21.005 To ask a question during the session, you will need to press star 1-1 on your telephone. 00:00:21.005 -- 00:00:25.597 To remove yourself from the queue, you may press star 1-1 again. 00:00:25.597 -- 00:00:30.381 I would now like to hand the call over to Blake Fernandez, Vice President, Investor Relations. 00:00:30.381 -- 00:00:32.123 Please go ahead. 00:00:32.123 -- 00:00:35.927 Thank you, Lateef. Good morning, and welcome to Plains All-American Second Quarter 2025 00:00:35.927 -- 00:00:41.292 Earnings Call. Today's slide presentation is posted on the Investor Relations website 00:00:41.292 -- 00:00:45.173 under the News and Events section at ir.plains.com. 00:00:45.516 -- 00:00:49.880 An audio replay will also be available following today's call. 00:00:49.880 -- 00:00:54.263 Important disclosures regarding forward-looking statements and non-GAAP financial measures 00:00:54.263 -- 00:00:59.508 are provided on slide two. An overview of today's call is provided on slide three. 00:00:59.508 -- 00:01:01.290 A condensed 00:01:01.290 -- 00:01:04.173 consolidating balance sheet for PNGP 00:01:04.173 -- 00:01:06.736 and other reference materials are in the appendix. 00:01:06.736 -- 00:01:11.341 Today's call will be hosted by Willie Chang, Chairman and CEO and President, and Al Swanson, 00:01:11.341 -- 00:01:15.786 Executive Vice President and CFO, along with other members of our management team. 00:01:15.786 -- 00:01:18.2...