Net income including noncontrolling interest surged by 115% to $525.9 million in 2025, up from $244.2 million in 2024. Total operating revenues increased by 19% to $1.76 billion in 2025, compared to $1.48 billion in 2024. Adjusted EBITDA grew by 2% to $987.7 million in 2025, from $971.1 million in 2024. The company completed the Barilla Draw Acquisition for $175.5 million in cash, expanding its natural gas and crude gathering services. Kinetik consummated the EPIC Sale, divesting its 27.5% interest for $504.2 million upfront cash, recognizing a net gain of $415.4 million. New financing activities included a $250.0 million private placement of 6.625% Sustainability-Linked Senior Notes due 2028 and new $1.15 billion Term Loan and $1.60 billion Revolving Credit facilities. The Kings Landing processing complex achieved full commercial in-service in late September 2025, adding over 200 MMcf/d of gas processing capacity. The company repurchased 4.1 million shares of Class A Common Stock at a total cost of $176.0 million during 2025, with $318.2 million remaining under the repurchase program.