Reported net income of $12 million and adjusted net income of $40 million for Q4 2025. Generated $251 million of adjusted EBITDAX and $115 million of free cash flow in Q4 2025. Delivered an average of 137 thousand barrels of oil equivalent per day (MBoe/d) (80% oil) in Q4 2025. Increased average net production by 25% year-over-year to 138 MBoe/d (79% oil) for full-year 2025. Realized $235 million in Aera merger-related synergies in 2025. Reported full-year 2025 net income of $363 million and adjusted net income of $359 million. Achieved highest annual adjusted EBITDAX of $1,241 million and free cash flow of $543 million since 2021. Returned $513 million to shareholders in 2025, including $377 million in share repurchases and $136 million in dividends. Increased annual dividend by 5% to $1.62, marking four consecutive years of dividend growth. Lowered base decline to 8-13% from 10-15% through improved reservoir management. Increased proved undeveloped reserves by 190% and total proved reserves by 20% in 2025, despite a 14% year-over-year decline in SEC pricing for oil. Exited 2025 with $117 million in available cash and $1,401 million in liquidity. Closed all-stock combination with Berry Corporation on December 18, 2025. Substantially completed construction of the first carbon capture and storage (CCS) project at the Elk Hills cryogenic gas plant. Received new drilling permits supporting the planned 2026 capital program. Targeting approximately 12% year-over-year production growth in 2026, averaging 152-157 MBoe/d (~81% oil). Expected capital investments for 2026 range between $430-$470 million, including $280-$300 million for drilling, completions, and workovers. Expects to realize $80-$90 million of Berry merger-related synergies within 12 months of closing. Targeting first CO2 injection at its CCS project at the Elk Hills cryogenic gas plant in spring 2026, subject to commissioning and final regulatory approval. Board of Directors approved an increase of the Share Repurchase Program to $1.78 billion, extended through December 31, 2027, with $600 million capacity remaining as of February 28, 2026.