speaker
Paul
Conference Operator

Good day, everyone, and welcome to the PBF Logistics LP second quarter 2021 earnings conference call and webcast. At this time, all participants have been placed in a listen-only mode, and the floor will be 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.

speaker
Colin Murray
Investor Relations, PBF Logistics LP

Sir, you may begin. Thank you, Paul. 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 would 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 or predictions 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-GAAP 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. Now I'll turn the call over to Matt.

speaker
Matt Lucey
Executive Vice President, PBF Logistics LP

Thank you, Colin. Good morning, everyone. PBF Logistics operated well during the second quarter of 2021. partnership's consistent results through 2020 and now through the second quarter of 21 continue to reflect the underlying strength of our business and relationship with our sponsor. We continue to expect partnership revenues for 21 to be in the $330 to $350 million range, with 2021 EBITDA in the $220 million range. 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've maintained our distribution of 30 cents per unit. We'll continue to review our distribution policy going forward with respect to company performance, market conditions, and alternate use of funds. With that, I'll turn it over to Eric.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-