Good day welcome to the Delek Logistics Partners fourth quarter 2022 earnings call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Rosy Zuklic, Vice President of Investor Relations. Please go ahead. Good afternoon and welcome to the Delek Logistics Partners fourth quarter earnings conference call. Participants on today's call will include Avigal Soreq, President, Todd O'Malley, EVP and Chief Operating Officer, Reuven Spiegel, EVP and Chief Financial Officer, as well as other management team members. As a reminder, this conference call will contain forward-looking statements as defined under the Federal Securities laws, including without limitation statements regarding guidance and future business outlook. These statements involve risks and uncertainties that may cause actual results to differ from our forecasts. For more information, please refer to the risk factors discussed in the company's most recently filed annual report on Form 10-K and quarterly report on Form 10-Q filed with the SEC, along with the press release associated with this call. The company assumes no obligation to update any forward-looking statements or information which speak as of their respective dates. I'll now turn the call over to Avigal for opening remarks. Thanks, Rosy. Delek Logistics Partners ended a great year with a record quarter. Our logistics system ran extremely well this quarter, contributing to a record EBITDA of $92.5 million, 33% higher than a record. A big driver for the increase was the successful integration of the 3Bear Delaware Assets. We are very pleased with the integration of 3Bear and consider the integration phase complete. Delek Logistics had a safe and reliable operation all year long. This was a direct result of dedicated employees and contractors. We achieved 3 million man-hours worked without a lost time injury, a great milestone we aim to continue. Our board approved an increase in the quarterly distribution to a $1.02 per unit for the fourth quarter. This marks 40 consecutive quarterly distribution increases. We successfully achieved our goal to deliver a 5% distribution increase in 2022 and expect to continue this trend into 2023. From a macro perspective, we are optimistic on the outlook for the midstream business. Delek Logistics is well-positioned to continue its strong track record to grow and to be long-term significant midstream player. I will now hand it over to Todd. Thanks, Avigal. Starting this quarter, we changed our reporting segments to better align our financial reporting with how we manage the business. Change primarily centered around reporting the results from our Delek Permian Gathering system and 3Bear assets in one new segment called Gathering and Processing. Total EBITDA for DKL was $92.5 million for the fourth quarter of 2022, compared with $70 million for the same period of 2021. The fourth quarter of 2022 distributable cash flow was $51 million, and the DCF coverage ratio was 1.16 times. For the Gathering and Processing segment, EBITDA this quarter was $48 million, compared with $34 million in the fourth quarter of 2021. The increase was primarily driven from strong contributions by the Delek Permian Gathering system as well as the 3Bear assets. Wholesale Marketing and Terminalling segment contributed $23 million of EBITDA this fourth quarter, compared with $19 million in the same period last year. The main driver for the increase year-over-year was due to our West Texas wholesale business. The Storage and Transportation segment had EBITDA of $16 million this fourth quarter, in line with the fourth quarter of 2021. Lastly, the Investments in Pipeline Joint Venture segment contributed $9 million towards the fourth quarter of 2022, compared with $7 million in the fourth quarter of 2021, primarily due to increased volumes at the Red River and Caddo joint ventures. Moving to capital expenditures. For the full year of 2022, we spent $131 million, excluding the 3Bear acquisition, of which $120 million was earmarked for growth. For 2023, we have a capital budget of $81 million, of which $66 million is earmarked for growth. With that, operator, we can open the call for questions. Thank you. We will now begin the question and answer session. To ask a question, you may press star then one on your touch tone phone. If you're using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question, please press star then two. At this time, we'll pause momentarily to assemble our roster. Our first question comes from Doug Irwin from Citi. Please go ahead. Hi. Thanks for the question. Just wanted to start with the 23 outlook and the Permian G&P segment. As you've already achieved the prior target of doubling the legacy Permian volumes, I'm just curious what your expectations are around volume growth moving forward from here. On 3Bear, curious if you're able to provide an update around where those assets are trending relative to the $100 million EBITDA that was implied by the initial valuation multiple? Yeah, Doug, it's Avigal. Good afternoon. Thank you for joining us today. The DPG is extremely good asset. We are very pleased versus what we are seeing. I'm not gonna give you a specific number for 2023, but I'm gonna give you some highlights around the assets. We do have 325,000 acreage with a line sight for more. Just organically, we see an increase just talking to producer in a very nice percentage, well exceed what the rest of the Permian see. We have 25 rigs on that acreage, which is very nice and a prolific number versus the rest of the basin. We expect it to be very nice growth, well exceed the average of the market during the rest of the year. Probably in the first quarter, we'll try to give you more specific number around the growth, that asset and that rock is extremely well, and we are very fortunate with that asset and that investment. Around 3Bear, all the script were very clear. We see the integration phase complete. We actually changed the name to a Delaware Gathering System to reflect that completion of the integration, and we are well-positioned to continue the trend to hit our target. This is as simple as it could be. Great. That's some helpful detail. As my second question, I was just wondering if you could talk about how you're thinking about the general partner kinda in the context of some of the parts review at the Delek Logistics level. Is the GP structure something that you view as an obstacle to potentially being able to deconsolidate the Delek Logistics debt on the balance sheet? If so, could you maybe talk about some of the different options that are out there to potentially address that? Let's be clear first. Every deal that we might put together is first and foremost to the benefit of the unitholders. We are very proud of having 40 quarters that we increase distribution time after time after time, and we are taking a lot of pride in our ability to serve our unitholder. We will start with that consideration first. What's the right thing to do for the investment community? We'll understand what is the right thing to do for the business. I'm sure when there is a will, there is a way, and we'll structure the right deal and the right corporate government to allow us to do the right deal for the investors and for the company. Got it. That is, that's all for me. Thanks for the time. Thank you. Thank you for joining us today. There are no more questions in the queue. This concludes our question and answer session. I would like to turn the conference back over to Avigal Soreq for any closing remarks. First of all, I want to thank the management team around the table of working hard to make the partnership as good as it can be. I want to thank the board of director of trusting in us, the investor community of sticking with us and trusting in our performance. First and foremost, to our dedicated employees that are working, days, nights, rain, and sunny days. Thank you so much. Conference is now concluded. Thank you for attending today's presentation. You may now disconnect.