Delek Logistics Partners LP

Good morning and welcome to the DELWIC Logistics second quarter 2021 conference call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch tone phone. To withdraw from the question queue, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Blake Fernandez, SVP of Investor Relations. Please go ahead.

Good morning. I would like to thank everyone for joining us on this webcast to discuss Delic Logistics Partners' second quarter 2021 financial results. Joining me on today's call will be Uzi Yameen, our General Partners Chairman and CEO, and Ruben Spiegel, CFO, as well as the other members of the management team. As a reminder, this conference call may contain forward-looking statements as that term is defined under federal securities laws. In addition to reporting on Financial results in accordance with generally accepted accounting principles are GAAP. We report certain non-GAAP financial results. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to the comparable GAAP results, which can be found in the press release, which is posted on the investor relations section of our website. Our prepared remarks are being made assuming that the earnings release has been reviewed and we are covering less segment and market information than is incorporated into the 2Q press release. On today's call, Ruben will begin with a financial overview. I will review results, and Uzi will offer a few closing strategic remarks. With that, I will turn the call over to Ruben.

Thank you, Blake. Our distributable cash flow was approximately $54 million in the second quarter of 2021, compared to $57 million in the second quarter of 2020. Our DCF coverage ratio was 1.32 for the second quarter, compared to 1.58 in the prior year period. EBITDA was 67 million, which represents 3% increase over the prior year period. We increased our quarterly distribution to 94 cents per limited partner unit for the quarter ended June 30th. This distribution is to be paid on August 11, 21 and represents a 2.2% increase from the first quarter of 2021 and 4.4% increase from the second quarter of 2020. At June 30th, DKL had approximately $561 million of available capacity on our $850 million credit facility. Our total debt was approximately $929 million, and the total leverage ratio is 3.6 times, which is within the 5.25 times currently allowable under our credit facility. Now I will turn the call over to Blake to discuss the results.