Delek Logistics Partners LP

Hello, everyone. Thank you for joining us and welcome to the Delecq Logistics Partners first quarter 2026 earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, please press star one again. I will now hand the conference over to Robert Wright, EVP and Chief Financial Officer. Robert, please go ahead.

Good morning and welcome to the Delic Logistics Partners first quarter earnings conference call. Participants joining me on today's call will include Abigail Sorek, President and Chairman, Ruben Spiegel, EVP, as well as other members of our management team. As a reminder, this conference call will contain forward-looking statements as defined under the federal securities laws, including statements regarding guidance and future business outlook. Any forward-looking statements made during today's call involve risks and uncertainties that may cause actual results to differ materially from today's comments. Factors that could cause actual results to differ are included in our SEC filings. The company assumes no obligation to update any forward-looking statements. I will now turn the call over to Abigail for opening remarks. Abigail? Thank you, Robert.

DKL reported $132 million in adjusted EBITDA in the quarter, and we are very confident about achieving fully EBITDA guidance of $520 to $560 million. DKL saw a strong execution in the first quarter, despite some challenges associated with Winterstone Fern. These results are a reflection of strengths in all segments, advancing our position as a premier full service provider of crude gas and water in the Permian Basin. Now, let me talk about each one of the businesses in detail. Starting with gas, we have successfully completed the drilling of our first AGI well, taking an additional step toward completing our industry-leading comprehensive sour gas solution. We are very excited about providing a comprehensive capability to our customers, further supporting long-term oil gas production growth in the Delaware Basin. Moving to crude, both DPG and DGG crude gathering operations continue to see strength, despite some challenges tied to well-shut-in related to winter storm fern. We have increased our overall gathering capacity and look forward to further optimizing and growing the business over the rest of the year. Our water business continues to perform strongly, and we are exploring additional opportunities in this space. Reuven will share further insights on these developments. The combined gas, crude, and water offering in the Permian Basin has increased our competitive position and built a strong platform for growth. We will continue to capture the growth opportunities in a disciplined manner, managing leverage and coverage. We also intend to remain good stewards to our stakeholders' capital. Our board of directors have approved our 53rd consecutive quarterly distribution increase, raising the distribution to $1.13 per unit. This is an extraordinary achievement and we're extremely proud of our team and the financial prudence that brought us here. DELEC Logistics is firmly positioned as a strong, independent, full suite, midstream service provider. With the foundation we have built and the opportunities ahead, we are confident in our ability to continue delivering sustainable growth and long-term value for our unit orders. I will now hand it over to Reuven who will provide more details on our operations.