Thank you for joining us today. I'm Jason Long, the CEO of Landbridge, and I'm joined by Scott McNeely, our CFO. We're excited to share with you some of the highlights and details of the recently announced and closed acquisitions and capital transactions. As you can probably tell, I'm battling a bit of a bug, so I'm gonna turn it over to Scott to lead the discussion. Thank you, Jason. We'll start on the overview slide here. So to kick it off, in addition to actively managing our existing land, you know, we've meaningfully expanded our surface acreage through a series of highly accretive acquisitions that we believe will deliver significant value to our shareholders. Now that we've closed our acquisitions in Lee and Winkler Counties and have announced the acquisition of Wolf Bone Ranch earlier this week, we wanted to take the opportunity to walk investors through the strategic and financial benefits of these recent transactions. To begin, our M&A strategy is focused on identifying surface positions that fit the following three criteria: First, accretion to our financial position and cash flow. Second, new or incremental strategic benefits to the Landbridge platform. For example, a position that offers new geographic exposure or new commercial opportunities. And lastly, we consider positions that offer compelling near and long-term growth potential while protecting our initial capital investment. The 53,000 total new acres announced this month check all of these boxes. We've expanded our total surface acreage to approximately 272,000 acres, bringing our platform to new areas in the Delaware Basin and enhancing our strategic positioning at the intersection of oil and natural gas, exploration, and transportation. We've executed these transactions at a blended 2024/2025 expected EBITDA multiple of 7.6 times, a particularly attractive multiple when considering the 20+% free cash flow per share accretion we're expecting next year as a result of all three transactions. And while we had already incorporated contributions from the Winkler County and Lee County acquisitions into our outlook for next year, today, we increased our 2025 Adjusted EBITDA guidance to a midpoint of $180 million, with a range between $170 million and $190 million, up from the $150 million midpoint at our previous range, given the incremental earnings expected from Wolf Bone. So moving on to the next slide, let's take a look at each of the acquisitions in a bit more detail, beginning with Wolf Bone Ranch. Starting with the financials, as reflected in our upsized guidance, we expect approximately $30 million of Adjusted EBITDA for 2025, which roughly coincides with Wolf Bone's current run rate earnings and reflects an eight times valuation multiple. Importantly, this is based solely on the existing cash flows generated today by the seller, VTX Energy Partners. This metric does not include any of the expected commercial uplift we intend to pursue. Given VTX Energy is the sole source of cash flows today, we are very focused on mitigating concentrated counterparty risk and successfully negotiated a five-year, $25 million per year minimum revenue commitment from VTX. This provides meaningful runway for us to commercialize the surface and diversify revenue streams. Onto development, we've identified an actionable pipeline of commercial opportunities across energy, commercial real estate, and water infrastructure. First, we see significant near-term surface, resource revenue, and royalty opportunities stemming from oil and gas operators on and around the surface, including Permian Resources, Vital Energy, and Chevron. Each of these operators are current customers of Landbridge and/or of our affiliate company, WaterBridge, a leading water midstream platform. Second, WaterBridge already operates a number of assets on the surface today, presenting an opportunity for future development to accommodate produced water handling needs. Third, we will also have close proximity to the Waha Natural Gas Hub, located only a mile to the east of our surface, making our land ideally positioned for gas-fired, behind-the-meter power, and subsequently, digital infrastructure opportunities such as data centers. And finally, this position also includes more than seven miles of frontage on Highway 285, which is the major thoroughfare that bisects the Delaware Basin from Fort Stockton, along I-10 to Carlsbad, New Mexico, and presents ample commercial opportunities in the form of fuel stations, field offices, convenience stores, and storage facilities, to name just a few. Moving on to the next slide, let's now take a closer look at the two acquisitions we announced on our Q3 earnings call. Beginning with the Lee County acquisition, which closed on November twenty-first, we were able to add 5,800 acres in southeastern New Mexico, which excludes an additional 30,000 state and federal leased acres that came as part of the transaction. This acreage is within the Delaware Basin in the heart of the oil and gas development in New Mexico, where blocking contiguous fee acreage is challenging to acquire, given a large portion of the surface is owned by the state and federal governments. This property is currently generating cash flows from existing produced water handling royalties, throughputs from blue chip oil and gas operators, and resource sales. By applying our active land management strategy, we expect to meaningfully increase cash flows in three ways. First, serving as a staging location and distribution hub for supply and recycling water infrastructure, which would be constructed and operated by WaterBridge or other third parties to expand their potential market farther north into New Mexico. Next, actively supporting development by oil and gas operators in and around the surface position by providing surface and resource access. And finally, commercializing the sand resource through agreements with third-party sand providers. Moving to Winkler County, this acquisition included 1,280 contiguous fee acres running adjacent to the East Stateline Ranch, acquired earlier this year. This transaction is a great example of the bolt-on opportunities that exist adjacent to our current positions, enabling us to realize operating synergies that enhance cash flows over time and push our existing contiguous position deeper into Texas. This surface has an existing contract with a mining and materials processing company for a minimum volume commitment through 2031, generating attractive and guaranteed resource revenues and royalties. Further, this position was not only attractive given its adjacency to the East Stateline Ranch, but also for the access it provides to one of the most prolific and high-quality subsurface aquifers running through the region. We believe this particular location provides meaningful optionality for future water supply agreements outside of oil and gas, including power, digital infrastructure, and municipalities. Turning to the next slide, to finance the $292 million in consideration to acquire these three properties, we upsized our debt facilities and are raising $350 million of additional equity through a private placement. We achieved our key objectives with this financing mix. First, ensuring the continued strength of our balance sheet and liquidity position moving forward. Following the Wolf Bone acquisition, our pro- forma net leverage is expected to be roughly 2.7 times, and we expect more than $100 million in total liquidity based on cash on hand and availability under our revolver. Second, as a still relatively new public company, we understand the importance of continuing to enhance our float to support healthy trading volumes in our stock. The PIPE transaction helps to achieve just that by issuing additional 5.8 million Class A shares to public equity investors, increasing the float from 17.4 million shares to 23.3 million shares. Turning to the next slide, given our dual class share structure, let's take a closer look at the mechanics of the PIPE, including the impact on share count and ownership. As discussed on the prior slide, proceeds were used to fund the Wolf Bone Ranch acquisition and to reduce outstanding Class B shares. As a reminder, prior to this transaction, there were approximately 73.2 million shares outstanding, consisting of 17.4 million Class A shares owned by the public investors and 55.7 million Class B shares owned by management and Five Point Energy. A common point of confusion is that the market cap of our company is based solely on Class A shares. This is not correct. Class B shares must be taken into account when determining market cap, ownership, earnings per share metrics, and so on. In the first step of this transaction, Landbridge Company, the public entity, will issue an additional 5.8 million Class A shares to investors via the private placement, raising $350 million for the public entity. $200 million of those proceeds will be contributed to the operating company in exchange for 3.3 million operating company units. This exchange is a critical detail, as the 3.3 million operating units, which reflects the 3.3 million public company shares sold to raise the $200 million in primary proceeds, reflect the only portion of this transaction that adds to the total shares outstanding. The remaining $150 million in proceeds, representing 2.5 million shares, will be distributed to legacy ownership in exchange for retiring an equal number of Class B shares. This is neutral on a total share count basis. As shown on the table at the bottom of the slide, the 2.5 million shares for the synthetic secondary component of the sale only represent 4% of FivePoint and management's ownership position. Collectively, after giving effect to the synthetic secondary and the new primary shares, Five Point management retained a nearly 70% ownership position in the company, and our interests remain fully aligned with creating value for all shareholders. To summarize, as a result of this transaction, we were able to increase the public float by 33%, which is the 17.4 million Class A shares before the transaction to the 23.3 million Class A shares following the transaction, while only increasing the total shares outstanding by 5%, which is the 73.2 million shares before the transaction to the 76.5 million shares following the transaction. This accomplishment, coupled with the Wolf Bone Ranch acquisition, which we expect to increase our 2025 EBITDA by 20% and our free cash flow per share after giving effect to the new share issuances by over 15%, marks a meaningful victory for our shareholders. So in conclusion, thank you for taking the time to let us walk you through our recent acquisitions and financing efforts and the positive long-term expected impact for our company and shareholders. Please do not hesitate to reach out if we can be helpful. Thank you.