Delek Logistics Partners LP

Welcome to the DELIC Logistics second quarter 2022 conference call. All participants will be in a 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 a touch-tone phone. To withdraw your question, please press star, then two. 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' second quarter 22 financial results. Joining me on today's call will be Uzi Amin, our general partner's chairman, Avigal Surak, president, Ruben Spiegel, CFO, and other members of our management team. As a reminder, this conference call will contain forward-looking statements as that term is defined under federal securities laws, including without limitation, statements regarding guidance and future business outlook. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast. For more information, please refer to the risk factors discussed in the company's most recent filing, annual report, and Form 10-K or quarterly report on Form 10-Q filed with the SEC, along with the press release associated with this call. The company assumes no obligation to update any forward-looking statements or information which speak as of their respective dates. On today's call, we'll begin with comments from both Uzi and Avigol, then Reuven will provide a financial overview, and I will review results, and then we'll have Q&A session. With that, I'll turn the call to Uzi. Thanks, Blake, and good morning, everybody.

DKL has delivered consistent results through various business cycles. Elevated global commodity prices and geopolitical unrest underscore the benefits, and reliance upon traditional energy assets, including midstream infrastructure. DKL is well positioned to benefit from increasing activity in the Permian Basin, and the three bear assets offer additional growth opportunities, both geographically and in new product lines. The significant increase in third-party revenue from the transaction helps propel DKL toward more of a true standalone entity. This should help distinguish DKL from other sponsor-based MLPs and attract capital with a diminishing number of MLP investment options. The company is positioned well, and this is an opportune time to hand the reins to our new president, Avigal Sorek.