Good morning and thank you all for attending the Northwest Natural Holding Company's Second Quarter 2025 Earnings Call. My name is Brika, and I will be your moderator for today. All lines will be muted during the presentation portion of the call, with an opportunity for questions and answers at the end. I would now like to pass the conference over to your host, Nikki Sparley, Head of Investor Relations. Thank you. You may proceed, Nikki. Thank you. Good morning and welcome to our second quarter 2025 earnings call. A presentation for today's call is available on our investor relations website at irnwnaturalholdings.com. Following this call, a recording will also be available on our website. Turning to slide two, as a reminder, some things that will be said this morning contain forward-looking statements. They are based on management's assumptions, which may or may not occur. For a complete list of cautionary statements, refer to the language at the end of our press release. Additionally, our risk factors are provided in our 10-Q and 10-K filings. We will also refer to certain non-GAAP financial measures. For additional disclosures about these non-GAAP measures, including reconciliations to comparable GAAP results, please see the slides that accompany today's call, which are available on the investor relations page of our website. Please note our guidance assumes continued customer growth, average weather conditions, and no significant changes in prevailing regulatory policies, mechanisms, or assumed outcomes, or significant changes in local, state, or federal laws, legislation, or regulations. For context, we have three business segments: our Northwest Natural Gas Utility, our SiEnergy Gas Utility, and our Northwest Natural Water Utility. Our other category includes our interstate storage services and asset management services, Northwest Natural Renewables, and holding company expenses. As a reminder, our gas utility earnings are seasonal, with a majority of revenues and earnings generated in the first and fourth quarters during the winter heating months. We expect to file our 10-Q later today. Please note these calls are designed for the financial community. If you are an investor and have additional questions after the call, please contact me directly at 503-721-2530. News media may contact David Roy at 503-610-7157. Moving to slide three. With us today are Justin Palfreyman, President and Chief Executive Officer, and Raymond J. Kaszuba, Senior Vice President and Chief Financial Officer. Justin will provide an update on each of our businesses, and Raymond will walk through our financial results, liquidity and financing, and guidance. After Justin and Raymond's prepared remarks, they will be available along with other members of our executive team to answer your questions. With that, I will turn it over to Justin on slide four. Thanks, Nikki. Good morning and welcome, everyone. I am pleased to report that Northwest Natural Holding Company had a solid second quarter and first half of 2025. We continue to execute well on initiatives across all of our businesses, and we remain confident that our financial results are on track for the year. We reported adjusted net income of $2.28 per share in the first six months of 2025, compared to net income of $1.60 per share for the same period last year. Our combined utility customer growth rate was 10.6% for the 12 months ended June 30, 2025. This substantial growth was driven by our gas utilities in Texas. Northwest Natural Water also contributed incremental meter growth, posting a 5.8% increase. We reaffirmed our annual 2025 adjusted earnings guidance today and continue to expect our long-term earnings per share growth rate to be 4% - 6%. While our growth and financial metrics are strong, the real momentum lies in how we're executing against our strategic priorities for 2025. Moving to slide five, our key initiatives are translating into tangible outcomes, and we're progressing well toward our full-year targets. Turning first to our Northwest Natural Gas Utility. After careful consideration, we filed an Oregon general rate case in December 2024 to recover our critical investments in gas infrastructure and expenses related to providing safe and reliable service to customers. Northwest Natural and parties have been working collaboratively and constructively. Last month, parties filed a settlement resolving Northwest Natural's revenue requirement components of the case. That included a revenue requirement increase of $21.3 million. The settlement also included a 50/50 capital structure, an ROE of 9.5%, an increase from the previous 9.4%, and a cost of capital of approximately 7.12%. In addition, rate base would increase $144 million since the last case for a total of $2.2 billion. We expect an order from the Commission on the full rate case this fall, with rates effective October 31. We carefully consider the effect on customer bills and broader affordability concerns, and the ending result of the case is expected to be a relatively modest 2.5% rate increase. Taking into account this rate increase and preliminary gas cost estimates, we expect Northwest Natural residential customers this fall will be paying about the same as they did 20 years ago for their gas service. Turning to our SiEnergy Gas Utility in Texas. SiEnergy continues to produce strong customer growth and is hitting its financial targets. Perhaps most importantly, SiEnergy posted a sizable increase to its customer backlog and now has signed contracts representing over 217,000 future meters. That backlog includes meters from the acquisition of Hughes Gas Resources, which we have rebranded as Pines Holdings, another fast-growing Texas gas utility. Pines added approximately 7,000 connections northeast of Houston with a contracted backlog of 12,000 meters. The integration has gone smoothly. On a combined basis, SiEnergy and Pines served approximately 83,000 customers at June 30, 2025. While SiEnergy is about 10% of our business today, its high growth potential makes us optimistic about its future, and we anticipate SiEnergy to be an increasing portion of our business mix moving forward. Turning now to Northwest Natural Water. Collectively, our water and wastewater utility customer base grew 5.8% over the last 12 months, including three acquisitions. Our CapEx plan for 2025 continues to be robust as our utilities replace end-of-life infrastructure, improve our wastewater treatment facilities, and support clean water and continued growth in our communities. To recover on water investments, in 2025, we are working hard on rate cases at multiple water utilities, including in Idaho, Washington, and Oregon. We remain confident in the long-term earnings prospects of Northwest Natural Water. The business is making great progress on its customer growth, CapEx, and rate case goals for 2025. Now, a brief update on Northwest Natural Renewables. Both of our renewable natural gas projects continue to run smoothly, with current production levels meeting our expectations. These projects and our related fixed-price offtake contracts with investment-grade counterparties provided solid earnings and cash flows during the first half of 2025. We expect this to continue going forward. Importantly, our renewable gas business has no meaningful exposure to the RIN or LCFS markets. In conclusion, I am happy to report that all of our businesses are in a strong financial position and poised for future growth. With that, let me turn it over to Ray to cover the financials in more detail. Thank you, Justin, and good morning, everyone. Turning to slide six, we reported adjusted net income of $315,000 or $0.01 per share for the second quarter of 2025, compared to a loss of $2.8 million or $0.07 per share for the same period in 2024. Adjusted net income excludes the effects of transaction and business development costs. The improvement in net income reflected higher margin from new rates at our Oregon Gas Utility, partially offset by higher O&M expense, depreciation, and interest expense. For our Northwest Natural Gas Utility segment, net income increased $4.5 million or $0.12 per share. Margin increased $16.9 million, mainly due to new rates in Oregon effective November 1, 2024. O&M increased $6.3 million, mainly reflecting higher payroll and benefits expense. Depreciation and general taxes increased $4.8 million due to continued investment in our system. SiEnergy provided net income of $1 million or $0.03 per share for the second quarter of 2025. In our first year after the acquisition, margin and net income are trending well and aligned with our expectations. Our water segment net income increased $1.8 million or $0.04 per share. The key drivers were new rates at our largest water and wastewater utility in Arizona and additional revenues from the ICH utilities after the acquisition in September 2024. Finally, the adjusted net loss from our other businesses increased $4.2 million or $0.11 per share compared to the same period last year. This increase was primarily due to higher interest expense at the holding company. On slide seven, we've outlined our year-to-date results. Adjusted net income was $92.1 million or $2.28 per share for 2025, compared to $61 million or $1.60 per share for the same period of 2024. The year-to-date increase in net income reflected themes similar to the second quarter, namely strong net income across all business segments, including new rates at our gas utility in Oregon, contributions from SiEnergy, higher net income from our water utilities, and earnings contribution from renewables. These items were partially offset by higher operations and maintenance costs, depreciation, and interest expense. Turning to our growth outlook and guidance on slide eight, we reaffirmed annual 2025 adjusted earnings guidance today in the range of $2.75 per share to $2.95 per share. Results for the first half of 2025 were in line with our expectations, and we remain confident in our full-year guidance. As a reminder, we expect quarterly earnings cadence for 2025 of the consolidated company to be roughly similar to the past couple of years. We continue to expect SiEnergy and Northwest Natural Water to each provide approximately $0.25 - $0.30 of adjusted earnings per share this year. Collective organic customer growth was 1.9% during the first half of 2025 on an annualized basis. For 2025, we continue to project 2% - 2.5% consolidated organic customer growth across our utilities. Turning to our capital expenditures, for the year, consolidated capital expenditures are expected to be in the range of $450 million - $500 million, anchored by significant projects at our Northwest Natural Gas Utility related to modernizing end-of-life meters, system reinforcement, and gas storage upgrades. Our CapEx projections only include line-of-sight projects that have been specifically identified and estimated. It does not include CapEx related to any pending or future acquisitions. Longer term, we continue to expect an earnings per share growth rate of 4% to 6% compounded annually from 2025 adjusted EPS. Moving to slide 11, regarding capital structure, our objective remains to keep our balance sheet strong with ample liquidity. At June 30, 2025, we had liquidity of approximately $550 million with significant availability on our gas utility line of credit and cash on hand. We continue to see modest regular common equity financing needs in 2025, with equity issuances expected to be in the range of $65 million - $75 million. In 2025, we have no material debt maturities, although we do expect to refinance the existing SiEnergy debt this year of approximately $148 million. In summary, we are pleased with our performance for the first half of 2025 and remain confident in achieving our financial targets for the full year. Thanks for joining us this morning. With that, we will open it up for questions. Thank you, Ray. We will now begin the question and answer session. If you would like to ask a question, please press star followed by one on your telephone keypad. If for any reason you would like to remove that question, you can do so by pressing star followed by two. To ask a question, please press star one. As a reminder, if you are using a speakerphone, please remember to pick up your handset before asking a question. We will pause here briefly whilst questions are registered. The first question we have comes from Selman Akyol with Stifel. You may proceed. Hi guys, good morning. This is Tim on for Salman. Congrats on the quarter. Just wanted to start off with SiEnergy. It's been under your belt for a couple of quarters and now you guys have added Pines. Just wondering if you could talk about the growth you're seeing there now, maybe versus a quarter or two ago when you first kind of acquired it. I know you guys mentioned the impressive backlog, but just curious if you could expand a bit on that. Yeah, thanks Ken. This is Justin Palfreyman. I appreciate the question. Things are progressing well down in Texas and SiEnergy, I would say, is performing as expected for us this year. As you've probably seen, there's been a lot of discussion about housing slowing down a bit in Texas. In some of our communities, we've seen signs of that, but overall there continues to be strong growth down there. A lot of new meter sets, in addition to extremely strong backlog growth, as we mentioned on the call. To give you a little more color on that, we had an annual goal of a certain amount of meters to add to our backlog this year, and the business development team has already exceeded that goal by mid-year. There's just a lot of interest down there, a lot of ongoing growth, and Pines just enhances that for us as well. Got it. That's nice to hear. Just one last one for me. You guys kind of mentioned a couple upcoming water rate cases. Just wondering kind of the scale of those or how big we should expect those to be. For the most part, the water rate cases, because we have a combination of multiple subsidiaries across our water company, for the most part, the individual water rate cases themselves are relatively small. In some cases, we're talking less than $1 million of revenue requirement. In some cases, it's more than that, which is why you typically see us executing somewhere between three and five rate cases a year right now, and you saw that last year as well. Okay, got it. Thank you guys for the time. Thank you. Thank you. As a reminder, if you would like to ask any questions, please press star followed by one on your telephone keypads now. That is star followed by one to ask a question. I can confirm that does conclude the Q&A session today. I would like to hand it back to Justin for some closing comments. Thank you everybody for joining. It was a pretty straightforward quarter. As always, if you have additional questions, please do not hesitate to reach out to Nikki. Thank you again for joining everybody. Thank you all for dialing in. I can confirm that does conclude the Northwest Natural Holding Company's Second Quarter 2025 Earnings Call. Thank you for your participation. You may now dis connect, and please enjoy the rest of your day.