Good morning, ladies and gentlemen, and welcome to the Natural Gas Services Group Inc quarter three earnings call. At this time, all participants are in listen-only mode. Operator assistance is available at any time during this conference by pressing zero pound. I would now like to turn the call over to Miss Anna Delgado. Please begin. Thank you, Luke, and good morning, everyone. Before we begin, I would like to remind you that during the course of this conference call, the company will be making forward-looking statements within the meaning of federal securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in forward-looking statements. Finally, the company can give no assurance that such forward-looking statements will prove to be correct. Natural Gas Services Group disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Accordingly, you should not place undue reliance on forward-looking statements. These and other risks are described in yesterday's earnings press release and in our filings with the SEC, including our Form 10-Q for the period ended September 30th, 2025, and our Form 8-Ks. These documents can be found in the investor section of our website located at www.ngsgi.com. Should one or more of these risks materialize or should underlying assumptions prove incorrect, actual results may vary materially. In addition, our discussion today will reference certain non-GAAP financial measures, including EBITDA, adjusted EBITDA, and adjusted gross margin, among others. For reconciliation of these non-GAAP financial measures to the most directly comparable measures under GAAP, please see yesterday's earnings release. I will now turn the call over to Justin Jacobs, Chief Executive Officer. Justin. Thank you, Anna, and good morning, everyone. Thank you for joining our Q3 earnings call. Joining me today is Ian Eckert, our Chief Financial Officer. NGS delivered record results again in the third quarter, extending our momentum and reinforcing the value we provide our customers through high unit runtime and great service. These results were achieved through the dedication of our people, and I want to start by thanking the entire NGS team. Once again, I want to pay special thanks to our exceptional field service technicians who are the backbone of NGS. Ultimately, they are the reason that customers, both existing and new, are increasingly looking to Natural Gas Services to provide their compression needs. Starting with third quarter performance, we delivered a record quarter across several key metrics, including total rented horsepower, horsepower utilization, adjusted EBITDA, and earnings per share. This performance was driven by strong field service execution and excellent technology-enabled uptime. We continue to take market share in large horsepower compression, reflected by the 27,000 hp increase in the quarter. All new sets were large horsepower under a long-term contract, and roughly half were large horsepower electric units. I'd also like to call out the disclosure in our 10-Q regarding Devon Energy, which now represents more than 10% of year-to-date revenue. Devon is a longtime customer that we have had a significant amount of horsepower sets over the past year. We are proud to partner with them and look forward to delivering on their needs for years to come. We delivered third quarter adjusted EBITDA of $20.8 million, up approximately 15% year- over- year and 6% sequentially. These results allow us to raise full year 2025 adjusted EBITDA guidance to $78 million-$81 million from the prior $76 million-$80 million range. Additionally, we paid out NGS's inaugural quarterly dividend of $0.10 per share, another important step in enhancing shareholder returns. Our compelling performance, durable operating cash flows, and confidence in the 2026 outlook make it possible to increase our fourth quarter dividend by 10% to $0.11 per share or an annualized $0.44 per share. While investors should not expect a dividend increase every quarter, the board wanted to communicate its clear understanding of the importance of a continuous and growing dividend. These shareholder distributions do not preclude continued high levels of growth. NGS maintains the best leverage position among its public compression peers, giving us the flexibility to fund both growth and shareholder returns. Our competitive position continues to improve through technology leadership and service excellence. As we discussed on previous calls, when comparing to year-end 2024 horsepower, we expected to add approximately 90,000 hp over the course of 2025 and early 2026. The significant addition of new electric and gas units in the third quarter keeps us on track for that number. Looking at 2026, we already have a significant number of new large horsepower units under contract. This is a mix of both gas and electric units. Additionally, our opportunity pipeline remains quite active for 2026 sets, driven by both existing and new customers. This indicates strong continued demand for compression. While it is still early, based on visibility we have today, we would provide an initial expectation for 2026 growth CapEx of $50 million-$70 million. I'll provide more color in the guidance section of this call. Turning to the broader market, we have delivered strong and sustainable results through September year-to-date, despite persistent volatility and global macroeconomic uncertainty. Regardless of whether these conditions persist, we remain confident in our ability to deliver improved performance because our business is tied to existing production where demand for compression continues to grow. Our customers in oil production currently have a heavy focus on production efficiency, reliability, and emissions performance. These are all areas where NGS is advantaged. Furthermore, rising electricity demand and LNG infrastructure buildout create durable compression-intensive growth opportunities. AI and data center expansion, both domestically and internationally, further drive natural gas production and compression needs. Overall, we are optimistic. Compression is essential to delivering production throughput and our fleet, technology, and service position, NGS, to deliver value to both customers and shareholders. I'll move next to our growth and value drivers. First, fleet optimization. We continue to optimize our fleet assets as reflected in continued improvement in rental revenue per horsepower performance. We finished the quarter at $27.08 per horsepower per month, a 1.7% sequential increase driven by new unit sets and price capture through contract renewals. Beyond price and mix, the next leg of optimization comes from data. We are more deeply integrating operational performance from our units and broader operations directly into our enterprise systems so that commercial and operational decisions are made faster and with more precision. Customers increasingly recognize this as a differentiator. The ability to drive uptime and gas flow through data analytics has become a real competitive advantage for NGS. These investments have tangible payoffs: lower maintenance costs per unit hour, higher customer retention, and improved fleet performance. On asset utilization, we have consistently improved working capital efficiency and continue to pursue targeted optimization initiatives. The income tax receivable has been improved by the Joint Committee on Taxation, and we are awaiting payment processing once the federal government shutdown ends. Prior to the beginning of the shutdown, my expectation was that we were going to announce receipt of this receivable on this call. Regarding real estate monetization, we will provide greater transparency on these efforts in the coming quarters. As I've said before, we are not real estate investors. Our goal is to convert non-productive assets into productive horsepower in the field. These non-cash asset monetization efforts provide additional capital to support fleet expansion, as reflected in this quarter's additions and our commitment to add significantly more horsepower. Momentum is building with both existing and prospective customers. As I now repeat on these calls, we are clearly taking market share organically. One simple way to quantify this is to look at our growth capital to EBITDA ratio. For NGS, our growth CapEx is for new units under long-term contracts. When you compare our growth CapEx to EBITDA, we were materially higher than each of our publicly traded competitors in 2023, 2024, and now again in 2025. I'm highly confident this trend will continue in 2026. I believe our market share gains are driven by our service, our unit technology, and our lower leverage. With that, I'll turn the call over to Ian to review detailed financial and operating results before returning for closing comments on guidance. Thank you, Justin, and good morning to those joining us. As Justin emphasized, we delivered a very strong quarter, reflecting significant new fleet additions that position NGS well to continue delivering shareholder value. To recap the third quarter, total rental revenue grew 11.1% year-over-year and 4.9% sequentially to $41.5 million. This growth reflects the 27,000 rented horsepower increase during the quarter. Rental adjusted gross margin was $25.5 million, up $2.6 million year-over-year and $1.5 million sequentially. The rental adjusted gross margin percentage was 61.5%, an improvement of 19 basis points year-over-year and 75 basis points sequentially, reflecting sustained pricing discipline, large horsepower fleet additions, and lower maintenance parts consumption. Adjusted EBITDA for the quarter was $20.8 million, up $2.7 million year-over-year and $1.2 million sequentially. Net income was $5.8 million or $0.46 per diluted share, up $800,000 year-over-year and $600,000 sequentially. Rented horsepower ended the quarter at approximately 526,000, compared to 475,000 a year ago and 499,000 in the second quarter of 2025. That's an 11% increase year-over-year and 5% sequentially. Fleet utilization reached a record 84.1%, up 204 basis points year-over-year and 45 basis points sequentially, with essentially all large horsepower equipment fully utilized. Operating cash flow for the quarter was $16.8 million, supported by continued improvement in accounts receivable with quarter-end DSO of 28 days. Capital expenditures totaled $41.9 million, including $39.1 million of growth CapEx and $2.8 million maintenance. Sequentially, growth CapEx increased $17 million as fabrication ramped up to deliver new unit sets. We ended the quarter with $208 million outstanding on our upsized revolver and $163 million in available liquidity. Our leverage ratio was 2.5x, up modestly from 2.31x in the second quarter, and remains the lowest among our public compression peers by a significant margin. Regarding capital returns, our approach remains disciplined and balanced, focused on delivering a growing dividend over time. While investors should not expect dividend increases every quarter, the decision to raise the fourth quarter dividend by 10% to $0.11 per share underscores confidence in the durability of our operating cash flow. Speaking of outlook, I'll now hand it back to Justin to discuss guidance. Thank you, Ian. Looking ahead, based on our year-to-date performance and a strong second-half deployment schedule, we are raising full year 2025 adjusted EBITDA guidance to $78 million-$81 million. This is a 2% increase at the midpoint from our previous guidance. We expect 2025 growth CapEx of $95 million-$110 million, a modest tightening of the range due to improved visibility on payment timing, with no impact on total horsepower additions. Looking beyond this year, our preliminary expectation is that 2026 growth CapEx will be $50 million-$70 million. While it is still early, we wanted to communicate to our investors that 2026 will be another year of organic growth for NGS. I have a very high degree of confidence in the low end of that range. How far we go in or above that range will be determined as much by timing as customer needs. As I noted earlier on the call, new unit quote activity for 2026 remains significant for both existing and new customers. I would also comment that regardless of where we are in the range, we expect to materially outpace our publicly traded competitors when comparing growth CapEx to EBITDA. Further, we are starting to see 2027 RFPs, and the amount of horsepower indicates continued growth into the future. Our 2025 maintenance CapEx remains $11 million-$14 million, and our ROIC target is unchanged. In closing, we delivered multiple company records in the third quarter. This momentum reflects technology and service-enabled share gains with our customers, along with operational and capital efficiency. NGS is set up for strong performance for the remainder of this year, next year, and beyond. We are materially increasing the size of our fleet through strategic investments in large horsepower compression, including electric motor drives, with what we believe is industry-leading technology and services. Luke, we're now ready to open the call for questions. Ladies and gentlemen, at this time, we will conduct the question-and-answer session. If you would like to state a question, please go ahead and press seven pound on your phone now, and you'll be placed in the queue in the order received. You can press seven pound again at any time to remove yourself from the queue. We are ready to begin, and our first question comes from Selman Akyol with Stifel. Go ahead, please. Thank you. Good morning and congratulations on the nice results. I just want to start off, I guess, on 2026 and sort of the outlook there. Can you just talk about how those conversations are going with customers? Do they seem to be more hesitant in this environment? Are they waiting longer? Also, we've heard or seen that getting new units is approaching 60 weeks, and I'm curious if you're seeing the same thing in the supply chain. If you are, then how do you get additional units from here for 2026? Thanks. Sure. Thanks for joining, Selman. Two parts there. First, I'll just address generally kind of customer activity. From the RFPs, or I should say from the units that we have contracted already, from the activity we're seeing in 2026 and 2027, we're not seeing hesitancy. I think generally, as we look at that, we take that as encouraging that certainly with lower oil prices, I think there was some concern around that, but we're seeing a broad range of interest in what we've already signed and in potential. It's a little difficult for me to judge how much of that is, excuse me, how much of that might be due to some of the market share gains versus just stronger activity than I think some people may have expected. It's a little difficult for me to necessarily differentiate between those two. I suspect it's a mix of both, but we're encouraged by what we're seeing in terms of demand, including for gas lift in the Permian. On the new unit fabrication lead times, there are a range of different lead times for different units. What I would say is as we look at 2026, and particularly the back half of the year, for some of the different types of potential new contract wins we could get, we would be able to fill some of those. Now, there will be some timing concerns. If it's new units in the first half of the year, that's going to be challenging—not necessarily impossible, but challenging. It is really kind of the second half of the year where we think there are certain types of units where we'll be able to meet customer demand. Got it. And then just one other quick one for me. Opportunities for margin improvement from here? I think in the near term, the kind of low 60s number that we have hit for the last number of quarters now is still consistent with what we see in the near term. Over the more, going further, a little further out, mix shift to large horsepower will certainly continue to pull margins up. In terms of optimization of our business, I think it's still too early for us to give any specific guidance around that. All right. Thank you very much. Thank you. Thank you very much. Our next question comes from Tate Sullivan with Maxim Group. Go ahead, please. Thank you. In terms of the end market uses for the larger natural gas compressors, is it still the majority of the demand for gas lift in the Permian? Can you reconcile that with your comments about growing demand for data center natural gas loads? Sure. Thanks for joining, Tate. While not all of our new unit demand is gas lift in the Permian, it is certainly the significant majority of it. As I said, we are still seeing a good amount of activity around that in terms of existing contracts and potential new sets. On the compression needs for data centers, AI, LNG, that really creates incremental opportunity for us as we are primarily in gas lift applications today. Same basic equipment, so it keeps tightness in the market for the large horsepower and is an area where we hope to be able to grow in the future. Are your compressors now large enough to be placed on pipelines? For example, for pipeline extensions to dedicated natural gas plants? Yes, they are. Those are typically north of 1,000 hp, 1,600 hp units, 2,500 hp units, and that's where a lot of our new unit sets are. Do you already have existing units placed for natural gas pipeline compression purposes? We do not have midstream applications today. That's an opportunity. Okay. Understood. Okay. Thank you very much. Sure. Thank you. Our next question comes from Rob Brown with Lake Street Capital Markets. Go ahead, please. Good morning. Morning, Rob. On your 2026 outlook or CapEx outlook, you said confidence in the low end of the range, but sort of what's the ins and outs on getting that or growing that number? Is it really just timing of contract wind or just a sense of what can move that around? I think it's that. I mean, it's still early. We're in November now. As I said in response to one of the earlier questions, we certainly still have some opportunities in the second half of the year for new unit sets. That's something that we'll be able to give, I think, better clarity around on the next quarter call. We just wanted to indicate to our investors that we're going to have significant growth again next year, and a very large portion of that is already contracted. As we engage with customers over the coming couple of months to finalize 2026, our hope is to push that number up. Okay. Great. You've had good market share gains, I guess. What's your sense on that? How can that occur? What's the sense on whether that can continue? Do you need to continue to penetrate new customers, or is it really a share gain at your existing base? I think it's a mix of both. I have been, obviously, we had the disclosure, as we mentioned earlier, is in the queue of a new 10% customer. We've been setting a lot of equipment with Devon and been very pleased with that relationship and look forward to performing on even larger amounts of horsepower with them going forward. As I look at 2026 and then even beyond that, I think we have an expectation we're going to continue to grow with our existing customers, and we're certainly seeing opportunities with some new customers that could be potentially quite large, but still early there. We have to go out and get some of those wins. Okay. Thank you. Congrats on all the progress. Great. Thanks, Rob. Thank you very much. If you have any questions, please press seven pound, and we will open up your line. Our next question comes from Nate Pendleton with Texas Capital. Go ahead, please. Good morning. Congrats on the strong quarter. Can you talk about your decision to—of course. Can you talk about your decision to increase the dividend here, given the strong outlook you're messaging for future growth potential, and maybe how you balance that increasing return of capital goal with the growth opportunities ahead of you? Sure. I think it is a balance as we look out to the further out into the future of eventually getting to a defined capital allocation framework where we've got a certain amount of EBITDA and whatever term you want to use, getting down to distributable cash flow and how we allocate that out. Obviously, we had the initial or inaugural dividend last quarter. Just to reiterate, we do not want to create the expectation that there will be an increase every quarter. With that being said, considering the performance of the business and our outlook, we did want to signal to investors that we hear the message loud and clear of a continuous and growing dividend. As we said in our prepared remarks, this is not going to impact in any way our ability to continue to grow from just a dollar perspective. It's not going to impact that, but we thought it was a good way of showing that we're going to be increasing dividend and return of capital to shareholders while still growing the business at a materially higher rate than our public competitors. Got it. Thanks for the context. Maybe going back to Devon, specifically, how was NGS able to make inroads there, and how did that relationship develop? It's been a long-time relationship. If you go back, I'm not sure how many years, but quite a few years ago, they were a disclosed customer. They've been a long-time customer. It was, I think, a great example for us of what some of the technology that we have on our units that are proprietary to us led to a significant expansion of our relationship with an existing customer. As they understood some of the capabilities of our units and some of the data that they would be able to get off of that, that was the primary driver on top of a reputation from a service perspective to deliver their needs and what is a mission-critical service for them. It really boiled down to the two simple things or maybe three simple things of long-time existing customer gets an understanding of some of the current capabilities we have and the runtime that we've delivered for customers, including for Devon, that allowed the significant expansion of that relationship. Great. Thanks. That's it for me. Congrats again. Thanks, Nate. Thank you very much. If you have any questions, please press seven pound. Our last question so far comes from Jim Rollyson, Raymond James. Go ahead, please. Hey, good morning, guys. Again, congrats on another solid quarter. Justin, just kind of following up on that, you mentioned how Devon expanded from a customer into there, maybe just a little bit of color on new customer opportunities. Is word kind of spreading about what your technology and service quality is doing for Oxy and Devon to drive new potential customers to the door, or how are you setting up to get new customers? I'm curious. I think it's an ongoing effort. I believe that we are seeing success there in terms of public quantification. Devon, that's something we're able to point to. In terms of conversations with both existing customers that maybe are much smaller customers where we have just a smaller customer, it is really having multiple conversations and then doing demonstrations and showing in the field of, "This is how the technology works. These are the benefits that our customers get out of that," and really getting into the operational and engineering teams at these customers, both existing and then looking to do it with new customers as well. That is certainly a process, but I'm encouraged by the reaction that we get from these customers when they really start to see the benefits that they will get out of it from a service performance perspective and data perspective. I think it's ongoing, and there are a couple of positive indicators, but something we have to keep working on. For sure. Appreciate that. Maybe just back up on the CapEx. If I go back 2023, you guys had a very heavy CapEx year, delivered a lot of new units, and you kind of took 2024 to maybe absorb some of that, get it all, make sure operations were running the way you wanted to, and then you leaned back in this year. I guess as I think about the $50 million-$70 million kind of starting point for CapEx, do we think about 2026 maybe as kind of a 2024 type of year, and then things continue to build for 2027, potentially ramping back up if the macro still kind of cooperates? Is that a good way to think about it? I think generally we looked at 2026 and say it looks like it'll be generally in line with 2024. I mean, as you go back to 2023, it's a bit of an outlier year in terms of the number. It's quite a huge number. 2025, looking midpoint, kind of the low hundreds, some of that is driven by particularly large customer wins, which may not repeat year to year, although we're still setting activity. We are encouraged by 2026, the opportunities that we see, and then 2027, starting to see the RFPs for that for customers that are, I think, kind of ahead of the curve or maybe on the curve of where they should be from an ordering perspective. Those are significant potential horsepower wins. We are encouraged as we look forward that we're going to continue to grow at a significant rate organically. As I kind of look at the market broadly, see that we're capturing market share. Awesome. Look forward to that growth. Thank you very much, Jim. Appreciate it. Thank you very much. With that, we have no other questions. Excellent. Thank you, Luke. Thank you to everyone for joining the call this morning. Appreciate the time, the interest, and we look forward to continuing to report strong results for our investors. We will see you again on the next quarter's call. Thank you for your time. Thank you, everyone. This concludes today's conference call. Thank you for attending.