PBF Logistics LP Common Units representing limited partner interests

Good day, everyone, and welcome to the PBF Logistics second quarter 2022 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 a conference, please press star zero on your telephone keypad. Please note that 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, Doug. Good morning and welcome to today's call. With me today are Matt Lucey and Eric Young and several other members of the partnership's senior management team. If you'd like a copy of our earnings release or 10-Q filing, they are 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 will be using certain non-GAAP measures while describing the partnership's 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 Lucie.

Thanks, Colin. Good morning, everyone, and thank you for joining us on today's call. PBF Logistics operated well in the second quarter and for the first half of 2022. Our consistent financial performance continues to be driven by the reliability of our assets and our safety-oriented workforce. We are on pace to meet or exceed the partnership's full-year 2022 revenue guidance of approximately $320 to $340 million. Revenues in this range are expected to generate EBITDA of approximately $200 to $210 million. The partnership's consistent revenues and cash generations provide strong distribution coverage and the ability to continue reducing our net debt. We will remain focused on our balance sheet. Today, the partnership also announced a distribution of 30 cents per unit. Lastly, today, PBF Energy announced it has entered into an agreement to acquire all the outstanding common units of PBF Logistics LP. There is a separate press release out this morning which provides additional details of the transaction. This press release and additional regulatory filings are available on our website and on SEC.gov.