PBF Logistics LP Common Units representing limited partner interests

Good day, everyone, and welcome to the PBF Logistics LP First Quarter 2021 Earnings Conference Call and Webcast. At this time, all participants have been placed in a listen-only mode, and the floor will open for your questions following management's prepared remarks. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. It is now my pleasure to turn the floor over to Colin Murray of Investor Relations. Sir, you may begin.

Thank you, LaTanya. Good morning and welcome to today's call. With me today are Matt Lucey, Executive Vice President, Eric Young, our CFO, and several other members of the Partnership Senior Management Team. If you'd like a copy of our earnings release, it is available on our website. Before we begin, I'd like to direct your attention to the forward-looking statements disclaimer contained in today's press release. In summary, it outlines that statements in the press release and on this conference call that state the partnerships or management's expectations of the future are forward-looking statements intended to be covered by the safe harbor provisions under federal securities laws. There are many factors that could cause actual results to differ from our expectations, including those we've described in our filings with the SEC. As noted in our press release, we'll be using certain non-gap measures while describing the partnership's operating performance and financial results. For reconciliations of non-GAAP measures to the appropriate GAAP figure, please refer to the supplemental tables provided in today's press release. I'll now turn the call over to Matt.

Thank you, Colin. Good morning, everyone, and thank you for joining us on today's call. PBF Logistics operated well during the first quarter. The partnership's consistent results through 2020 and now through the first quarter of 2021 continue to reflect the underlying strength of our business and relationship with our sponsor. We continue to expect partnership revenues for 2021 to be in the $330 to $350 million range, with 2021 EBITDA in the $210 to $220 million range. Throughput levels have increased modestly in our terminals relative to last quarter, and we see this as a positive sign relative to overall demand and for a potential increase in third-party business. Our consistent revenues and cash generations continue to allow the partnership to maintain healthy distribution coverage and reduce net debt. Maintaining financial flexibility, debt pay down, and strengthening liquidity are the priorities. Today, we maintained our distributions of 30 cents per unit. We will continue to review our distribution policy going forward with respect to the company's performance, market conditions, and alternate use of funds. With that, I'll turn it over to Eric for some financial highlights.