EnLink Midstream, LLC (NYSE:ENLC) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET

Company Representatives

Jesse Arenivas - Chief Executive Officer

Ben Lamb - Executive Vice President, Chief Operating Officer

Pablo Mercado - Executive Vice President, Chief Financial Officer

Brian Brungardt - Investor Relations Director

Conference Call Participants

Gabriel Moreen - Mizuho Securities

Michael Cusimano - Pickering

Jeremy Tonet - JP Morgan

Operator

Good morning, and welcome to the EnLink Midstream, Third Quarter 2022 Earnings Call. All participants will be in listen-only mode. [Operator Instructions]. Please note, this event is being recorded.

I would now like to turn the conference over to Brian Brungardt, Investor Relations Director for EnLink Midstream. Please go ahead.

Brian Brungardt

Thank you and good morning everyone. Welcome to EnLink's third quarter of 2022 earnings call. Participating on the call today are Jesse Arenivas, Chief Executive Officer; Ben Lamb, Executive Vice President and Chief Operating Officer; and Pablo Mercado, Executive Vice President and Chief Financial Officer.

We issued our earnings release and presentation after the markets closed yesterday, and those materials are on our website. A replay of today's call will also be made available on our website at www.enlink.com.

Today's discussion will include forward-looking statements, including expectations and predictions within the meaning of the Federal Securities Laws. The forward-looking statements speak only as of the date of this call, and we undertake no obligation to update or revise. Actual results may differ materially from our projections and a discussion of factors that could cause actual results to differ can be found in our press release, presentation and SEC filings.

This call also includes discussion pertaining to certain non-GAAP financial measures. Definitions of these measures, as well as a reconciliation of comparable GAAP measures are available in our press release and the appendix of our presentation. We encourage you to review the cautionary statements and other disclosures made in our press release and our SEC filings, including those under the heading Risk Factors.

We'll start today's call with a set of brief prepared remarks by Jesse, Ben and Pablo, and then leave the remainder of the call open for questions-and-answers.

With that, I would now like to turn the call over to Jesse Arenivas.

Jesse Arenivas

Thank you, Brian, and good morning, everyone. Thank you for joining us today to discuss our third quarter results, which include another quarterly record adjusted EBITDA.

I joined EnLink a little more than 100 days ago, and in that time my expectations have been exceeded by both the size of the opportunity and the team's commitment to execute it on our plan. In this short time, we've set new quarterly adjusted EBITDA record, are on pace to grow 2022 adjusted EBITDA 23% over the prior year, and secured a landmark carbon transportation deal with ExxonMobil. I want to take this moment to highlight five areas where EnLink’s execution is driving momentum and building a unique opportunity that our team is ready to cease.