Holly Energy Partners, L.P.

Welcome to Holley Energy Partners' fourth quarter 2021 conference call and webcast. At this time, all participants have been placed in the 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 touch-tone 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 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 Shunter. Trey, you may begin.

Thanks, Audra, and thank you all for joining our fourth quarter 2021 earnings call. I'm Trey Shunter with Investor Relations for Holley Energy Partners. Joining us today are Rich Vala, President, and John Harrison, Senior Vice President and CFO. Hello. This morning, we issued a press release announcing the results for the quarter ending December 31, 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, February 22nd, 2022. 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 reconciliation to GAAP financial measures. And with that, I'll turn the call over to Rich.

Thanks, Trey, and thanks to each of you for joining the call this afternoon. HEP finished 2021 with another quarter of consistent results. We completed the year without an employee recordable injury. We are incredibly proud of our team for achieving this significant accomplishment. Overall transportation volumes were down slightly quarter over quarter, primarily due to planned turnaround and unplanned maintenance at Holly Frontier's Navajo Refinery, partially offset by a full quarter's contribution from the Cushing Connect pipeline. We are happy to announce the Frontier pipeline expansion came online in January and expect the expansion to provide approximately $6 million in annualized EBITDA, underpinned by long-term minimum volume commitments. We also announced a $0.35 per LP unit quarterly cash distribution to be paid on February 11th to unit holders of record as of February 1st. For 2022, we expect to hold the quarterly distribution constant at $0.35 per LP unit or $1.40 on an annualized basis while we continue to reduce financial leverage. Looking forward into 2022, we remain focused on completion of the pending acquisition of Sinclair's logistics assets and our commitment to strong operational performance. I'll now turn the call over to John.