Good afternoon, everyone, and thank you for participating in today's conference call. I would like to turn the call over to Mr. John Ciroli as he provides some important cautions regarding forward-looking statements and non-GAAP financial measures contained in the earnings material or made on this call. John, please go ahead.

Thank you, and good afternoon, everyone. Welcome to Montauk Renewables earnings conference call to review the third quarter 2024 financial and operating results and development. I'm John Ciroli, Chief Legal Officer and Secretary at Montauk. Joining me today are Sean McClain, Montauk's President and Chief Executive Officer, to discuss business developments; and Kevin Van Asdalan, Chief Financial Officer; to discuss our third quarter 2024 financial and operating results. At this time, I would like to direct your attention to our forward-looking disclosure statement. During this call, certain comments we make constitute forward-looking statements. And as such, involve a number of assumptions, risks and uncertainties that could cause the company's actual results or performance to differ materially from those expressed in or implied by such forward-looking statements. These risk factors and uncertainties are detailed in Montauk Renewables SEC filings. Our remarks today may also include non-GAAP financial measures. We present EBITDA and adjusted EBITDA metrics because we believe the measures assist investors in analyzing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. These non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles. Additional details regarding these non-GAAP financial measures, including reconciliations to the most directly comparable GAAP financial measures can be found in our in our slide presentation and in third quarter 2024 earnings press release and Form 10-Q issued and filed this afternoon, which are available on our website at https://ir.montaukrenewables.com. After our remarks, we will open the call to questions. [Operator Instructions] And with that, I will turn the call over to Sean.

Thank you, John. Good day, everyone, and thank you for joining our call. I'd like to begin with commending our operations staff for the production levels we achieved both during the 2024 third quarter and for the 9 months ended September 30, 2024. For 2 consecutive quarters, our Houston, Texas facilities were challenged by severe weather events, resulting in multi-day utility power outages. Our Houston, Texas based facilities account for over half of our RNG production. While we estimate production losses during the first 9 months of 2024 due to these weather events, totaled approximately 100,000 MMBtus, our employee safety and the operability of all facility equipment were preserved throughout. Our development activities continue with the construction of our second Apex RNG facility. As previously discussed, the primary catalyst for the construction of the second Apex RNG facility was a gas rights contractual requirement trigger by increasing landfill waste intake and in turn, gas feedstock availability that has periodically exceeded the processing capacity of our current facility. We continue to expect there to be a period of excess processing capacity that is subject to the rate at which the gas feedstock availability increases from landfill activities. We remain on schedule for a 2025 commissioning. Related to our Blue Granite RNG project, we have been informed by the interconnection utility and its near-term prioritization continues to be remediation efforts from the impacts of Hurricane Helene. The prioritization of these remediation efforts on Hurricane Helene will delay necessary utility upgrades for our facility interconnection, shifting our commissioning expectation of our RNG facility into 2027. Our pace of capital deployment for this project has slowed due to the delay of the utility, and we do not expect to incur significant capital expenditures on this project through the remainder of 2024. As the company…

Thank you, Sean. I will be discussing our third quarter 2024 financial and operating results. Please refer to our earnings press release and the supplemental slides that have been posted to our website for additional information. Total revenues in the third quarter of 2024 were $65.9 million, an increase of $10.2 million or 18.4% compared to $55.7 million in the third quarter of 2023. The increase was primarily related to an increase in the number of RINs we self-marketed from 2024 RNG production in the third quarter of 2024, compared to the third quarter of 2023. Additionally, realized RIN pricing increased approximately 9.5% during the third quarter of 2024 compared to the third quarter of 2023. Total general and administrative expenses were $10 million for the third quarter of 2024, an increase of $2.2 million, or 27.9% compared to $7.8 million in the third quarter of 2023. Employee related costs, including stock-based compensation, were $7.2 million in the third quarter of 2024, an increase of $2.7 million or 59.6% compared to $4.5 million in the third quarter of 2023. The increase was primarily related to the accelerated vesting of certain restricted share awards as a result of the termination of an employee. Our corporate insurance fees decreased approximately $0.3 million, or 17.1% in the third quarter of 2024 compared to the third quarter of 2023. Turning to our segment operating metrics. I'll begin by reviewing our renewable natural gas segment. As Sean mentioned, certain of our Houston, Texas sites were impacted by Hurricane Beryl, causing multi-day utility outages. We produced approximately 1.4 million MMBtu of RNG during the third quarter of 2024, flat compared to $1.4 million during the third quarter of 2023. Our Pico facility produced approximately 27,000 MMBtu more in the third quarter of 2024 as compared to…

Thank you, Kevin. In closing, while we don't provide guidance as to our internal expectations on the market price of environmental attributes, including the market price of D3 RINs, we would like to provide an updated full year 2024 outlook. The aforementioned trends in landfill-driven delays of wellfield projects and active waste placement areas result in our full year RNG production volumes to range between 5.5 million and 5.7 million MMBtus and corresponding RNG revenues to range between $175 million and $185 million. We expect renewable electricity production volumes to range between 180,000 an185,000 megawatt hours. Corresponding renewable electricity revenues are expected to range between $17 million and $18 million. It is also important to note recent market trends potentially impacting our near-term renewal strategies for offtake pathway sharing and fixed price agreements may impact how we provide 2025 guidance as it relates to RNG revenues. And with that, we will pause for any questions.

Thank you. And I will turn it back to Sean McClain for closing comments.

Thank you for taking the time to join us on the conference call today and we look forward to speaking with you in 2025.

Thank you all for participating in today's conference. You may now disconnect.