Holly Energy Partners, L.P.

Welcome to Hawley Energy Partners' third quarter 2021 conference call and webcast. At this time, all participants have been placed in a listen-only mode. The floor will be open for your questions following the presentation. If you would like to ask a question at that time, please press star then the number one on your touchtone phone. If at any point your question has been answered, you may remove yourself from the queue by pressing star one again. If you should require operator assistance, please press star zero. We would ask that you please pick up your handset to allow optimal sound quality. Please note that this conference is being recorded. It is now my pleasure to turn the floor over to Trey Shonter. Trey, you may begin.

Thanks, Julianne, and thank you all for joining our third quarter 2021 earnings call. I'm Trey Shonter with Investor Relations for Holley Energy Partners. Joining us today are Rich Volova, President, and John Harrison, Senior Vice President and CFO. This morning, we issued a press release announcing results for the quarter ending September 30th, 2021. If you would like a copy of today's press release, you may find one on our website at HolleyEnergy.com. Before Rich and John proceed with their remarks, please note the Safe Harbor disclosure statement in today's press release. In summary, it says statements made regarding management expectations, judgments, or predictions are forward-looking statements. These statements are intended to be covered under the safe harbor provisions of federal securities laws. There are many factors that could cause results to differ from expectations, including those noted in our SEC filings. Today's statements are not guarantees of future outcomes. Also, please note that information presented on today's call speaks only as of today, November 2, 2021. Any time-sensitive information provided may no longer be accurate at the time of any webcast replay or reading of the transcript. Finally, today's call may include discussion of non-GAAP measures. Please see today's press release for reconciliations to GAAP financial measures. And with that, I'll turn the call over to Rich.

Thank you, Trey. Thanks to each of you for joining the call this afternoon. HEP delivered solid results in the third quarter, driven by record volumes on our SLC and Frontier pipelines, and outstanding operations across our business. During the third quarter, we surpassed one year without an employee recordable injury. Congratulations to our entire team on this important milestone. HEP announced a 35 cent per LP unit quarterly cash distribution to be paid on November 12th to unit holders of record as of November 1st. Turning to project updates, we are excited to announce the completion of the Cushion Connect pipeline, which went into service at the end of September. We also advanced construction on the Frontier Pipeline expansion, which is expected to be in service at the beginning of 2022. This expansion will allow for an additional 10,000 barrels per day of crude oil into the Salt Lake City market and is supported by long-term minimum buy increments with third-party refiners. Looking forward, we still expect to close the acquisition of Sinclair's logistics assets by mid-2022. subject to closing conditions, and we remain focused on strong operational execution and our near-term leverage target of 3.5 times debt to EBITDA. I will now turn the call over to John.