Delek Logistics Partners LP

Good morning and welcome to the DELIC Logistics third quarter 2021 conference call. All participants will be in listen-only mode. Should you need assistance, please signal conference specialists by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Blake Fernandez.

Please go ahead. Good morning. I would like to thank everyone for joining us on this webcast to discuss Delic Logistics Partners' third quarter 2021 financial results. Joining me on today's call will be Uzi Yamin, our general partner's chairman and CEO, and Ruben Spiegel, CFO, as well as other members of our 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 financial results in accordance with generally accepted accounting principles or 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 third quarter 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 $56 million in the third quarter of 21 compared to $59 million in the third quarter of 20. Our DCF coverage ratio was 1.34 times in the third quarter compared to 1.5 times prior year period. EBITDA was $70 million, which represents a 3% increase over a prior year period. Our board approved an increase in the quarterly distribution to 95 cents per limited partner unit for the quarter ended September 30th. This distribution is to be paid on November 10th, 2021 to unit holders of record on November 5th and represents a 1.1% increase from the second quarter and a 5% increase from the third quarter 2020. At September 30th, 2021, DKL had approximately $589 million available capacity on our $850 million credit facility. Our total debt was approximately $901 million, and the total leverage ratio is 3.4 times, which is well within the 5.25 times currently allowable under our credit facility. Now I will turn the call over to Blake to discuss the results.