Delek Logistics Partners LP

Good day, and welcome to the Dellick Logistics Partners fourth quarter 2022 earnings 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. Please note this event is being recorded. I would now like to turn the conference over to Rosie Zuklik, Vice President of Investor Relations. Please go ahead.

Good afternoon and welcome to the DELIC Logistics Partners 4th Quarter Earnings Conference Call. Participants on today's call will include Abigail Sarek, President, Todd O'Malley, EVP and Chief Operating Officer, Ruben Spiegel, EVP and Chief Financial Officer, as well as other management team members. As a reminder, this conference call will contain forward-looking statements as defined under the federal securities laws, including, without limitation, statements regarding guidance and future business outlook. These statements involve risks and uncertainties that may cause actual results to differ from our forecast. For more information, please refer to the risk factors discussed and 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. I'll now turn the call over to Abigail for opening remarks.

Thanks, Rosie. Delac Logistics' partner ended the great year with a record quarter. Our logistics system ran extremely well this quarter, contributing to a record EBITDA of $92.5 million, 33% higher than a record. A big driver for the increase was the successful integration of the TreeBear Delaware assets. We are very pleased with the integration of TreeBear and consider the integration phase complete. Their logistics had a safe and reliable operation all year long. This was a direct result of dedicated employees and contractors who achieved 3 million man-hours worked without a lost time injury, a great milestone we aim to continue. Our board approved an increase in the quarterly distribution to $1.02 per unit for the fourth quarter. This marks 40 consecutive quarterly distribution increases. We successfully achieved Our goal to deliver a 5% distribution increase in 2022 and expect to continue this trend into 2023. From a macro perspective, we are optimistic on the outlook for the midstream business. DevLogistics is well positioned to continue its strong track record to grow and to be long-term significant midstream player. I will now hand it over to Todd.