Ladies and gentlemen, thank you for standing by, and welcome to the MMLP third quarter 2021 earnings call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star one on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star then zero. I would now like to hand the conference over to your speaker today, Sharon Taylor. Thank you. Please go ahead. Thank you, operator, and good morning, everyone. I'm joined by Bob Bondurant, President and CEO, Randy Tauscher, Chief Operating Officer, David Cannon, Controller, and Danny Cavin, Director of FP&A. Before we get started with our comments, I'll remind you that management may be making forward-looking statements as defined by the SEC. Such statements are based on our current judgments regarding the factors that could impact the future performance of Martin, including facts and assumptions related to the impact of the COVID-19 pandemic. Actual outcomes could be materially different. You should review the risk factors and other information discussed in our SEC filings and form your own opinions about Martin's future performance. We will discuss non-GAAP financial measures on today's call. Please refer to the table in our earnings press release posted in the investor relations section of our website to find information regarding those non-GAAP financial measures, including a reconciliation of historical non-GAAP financial measures referenced in today's call to their corresponding GAAP measures. Now, I will turn the call over to Bob for his remarks on our third quarter results. Bob? Thanks, Sharon. First, I want to let our investor base and our employees know that I'm very pleased with our performance in the third quarter. We exceeded our internal EBITDA forecast by over $2 million. As a result of this stronger third quarter performance, I believe we are positioned to exceed the range of our disclosed EBITDA forecast of $95 million-$102 million for 2021. Our third quarter performance, along with the anticipated fourth quarter performance, will be a significant catalyst to helping us achieve our de-leveraging goals. This should set us up for a beneficial refinancing of our high-cost secured notes next fall. I truly appreciate every employee at Martin Midstream for working together to help us positively position the company toward the refinancing of our notes. Let's now discuss our third quarter performance by business segment. Overall, for the third quarter, we had adjusted EBITDA of $21.5 million compared to $22.5 million in the third quarter of 2020. While our cash flow was less than a year ago, as I just said, we did exceed our internal forecast by over $2 million, which I believe positions us to exceed our range of EBITDA guidance provided at the first of the year. Our largest cash flow contributor for the third quarter was our Terminalling and Storage segment, which had adjusted EBITDA of $11.3 million compared to $14.2 million a year ago. While our cash flow from this segment in this quarter was less than a year ago, it was the strongest cash flow quarter in this segment this year, primarily due to strengthening margins in our packaged lubricant and grease business. Compared to a year ago, the cash flow at the Smackover refinery was down $1.3 million. This was due to the scheduled contract adjustment to the throughput rate related to capital recovery fees, which became effective January 1st of this year. Additionally, the refinery experienced increased natural gas costs compared to a year ago. However, the refinery is protected against any natural gas cost above $4 per Mcf by its throughput contract that runs through 2031. The cash flow from our specialty terminals was down $0.9 million compared to a year ago, primarily due to increased operating expenses for required mechanical integrity testing at our Beaumont area terminals. This particular testing requirement will not be repeated again for 5 years. Finally, in this segment, our shore-based terminals were down $0.6 million compared to a year ago. However, cash flow in last year's third quarter included the early termination of a commercial contract, which carried an extraordinary exit payment of $1 million. Excluding the one-time exit payment from a year ago, our shore-based cash flow actually improved by $0.4 million. Looking toward the fourth quarter, we should see similar cash flow performance in this segment compared to the third quarter. Our next largest cash flow generator for the third quarter was our transportation segment, which had adjusted EBITDA of $7.6 million compared to five and a half million a year ago. The increase in this segment is from our land transportation business, as cash flow increased $3.1 million in the third quarter this year when compared to last year. Our load count was up 23% in the third quarter when compared to a year ago, as last year's demand was very soft due to the pandemic, combined with two major hurricanes that made landfall near Lake Charles, Louisiana. This impacted refinery utilization and chemical transportation demand. Looking forward, we expect continued demand growth for our trucking services, which should offset the inflationary pressure on our cost structure and provide strong cash flow again in the fourth quarter. Our marine transportation was down $1 million in the third quarter when compared to a year ago. However, when compared to the previous quarter, our cash flow in our marine transportation segment increased almost $1 million. We saw improvement to our marine transportation cash flow for the second consecutive quarter when compared to the previous quarter. We believe this improving trend will continue into the fourth quarter as our asset utilization continues to slowly strengthen. Our next largest cash flow generator in the third quarter was our sulfur services segment that had adjusted EBITDA of $4.9 million compared to $4.2 million a year ago. Fertilizer had a very strong quarter considering the third quarter is our seasonally weakest quarter. Cash flow for fertilizer was $2.2 million in the third quarter compared to $0.6 million a year ago. We had very strong demand in our ATS product line this year compared to a year ago, accounting for the majority of the improvement. Looking forward to the fourth quarter, we plan to take the ATS production facility down for turnaround in November, so we will have lower production volumes of ATS, which will limit some of our fixed cost absorption. Offsetting this could be early demand from farmers of AMS product, which we manufacture in Plainview. In our pure sulfur side of this segment, adjusted EBITDA was $2.7 million in the third quarter, compared to $3.5 million a year ago and $1.9 million in the second quarter. Compared to a year ago, sulfur margins were down by 14%. Also, a year ago, we received a contractual settlement of $0.2 million that did not occur this year. We also had no export sales out of our Stockton terminal in the third quarter, solely due to the timing of sales opportunities compared to a year ago when we had two large export vessel sales. More importantly, though, is the $0.8 million increase in cash flow from the second quarter of this year to the third quarter. This is primarily a result of sulfur production in PADD III becoming more stabilized and approaching normal levels. Looking toward the fourth quarter, our pure sulfur business should be similar to the third quarter due to a more stabilized refinery production environment in PADD III. Finally, I would like to discuss our natural gas liquids segment. For the third quarter, we had adjusted EBITDA of $1.8 million compared to $2.8 million a year ago. This quarterly cash flow difference can be explained by the timing of seasonal sales in last year's third quarter as deliveries to our refinery customers started earlier in the 2020 butane blending season. As prices sit today, we are currently positioned to have a strong fourth quarter in this segment based on our carrying cost of inventory and storage compared to current market prices. This concludes my operating performance discussion. I will now turn the call over to Sharon to discuss our balance sheet, liquidity, and capital resources. Thanks, Bob. At quarter end, the total of our long-term debt outstanding was $555 million, which consisted of $209 million drawn on our revolving credit facility, $54 million of secured one and a half lien notes due 2024, and $292 million of secured second lien notes due 2025. First lien leverage and adjusted leverage ratios were 1.72 times and 5.47 times respectively. After adjusting debt for the working capital supplement related to our NGL inventory volumes that are either forward sold or hedged. As I reminded folks on last quarter's call, the third quarter brings an increase in working capital needs related to our butane optimization business as we begin acquiring and storing inventory to be delivered to our customers in the butane blending season, which begins Q4 of this year, continuing through Q1 of next year. As a result, although transitory, our leverage, as it did this year, should increase and peak annually in the third quarter as a result of higher working capital needs that occur during our lowest cash flow quarter due to the seasonal nature of both the butane and fertilizer businesses. This year, due to rising commodity prices, our working capital requirements exceeded the maximum allowed supplement reduction of $50 million. As we move further into the blending season, we anticipate our working capital needs and our leverage to be significantly reduced as a result of increased cash flows from the butane optimization business and improvement in our earnings results as the impacts of COVID-19 continue to abate. Distributable cash flow for the third quarter totaled $5.2 million and $25.3 million through 9 months of 2021. Free cash flow, calculated as DCF less gross capital expenditures and lease payments, was $3.8 million for the quarter and $19.4 million year to date. Gross capital totaled $1.4 million for the quarter and $3.3 million for the year, with no changes to our guidance of between $4 million and $5 million for the full year. Maintenance CapEx was approximately $2.9 million for the third quarter and $11.1 million year to date. Again, no changes to our guidance, which is between $17 million and $19 million for the year. Those numbers include our current forecast for maintenance CapEx at the Fourchon terminal due to Hurricane Ida. Our EBITDA guidance has been between $95 million and $102 million for the year, but as you have read in the press release and heard in Bob's remarks today, at this time, we are positioned to reach the high end of that range. Which will result in approximately $34 million in distributable cash flow and $26 million of adjusted free cash flow in 2021. This concludes our prepared remarks for this morning. I will now turn the call back to the operator for Q&A. Ladies and gentlemen, at this time, if you would like to ask a question, please press star, then the number one on your telephone keypad. Again, to ask a question, please press star and the number one. We will pause for just a moment to compile the Q&A roster. Your first question is from the line of Selman Akyol with Stifel. Good morning. Morning. First of all, can we just start off on, I guess, the pace of activity that you're seeing at refineries? I think you noted that what was good for transportation, but can you just talk a little bit about what you see and how you see that rolling into Q4 and beyond? Yes. Selman, this is Randy. Good morning. Morning. Refinery utilization in the PADD 3 where we are primarily concerned, has continued to improve throughout the year through the end of the third quarter. In the fourth quarter, we've actually seen a decline. Really since Hurricane Ida came through and knocked out some refineries in the Louisiana area. Seven of those nine refineries came back on pretty quickly. Two of the nine are still down. In the last month we have seen, in the last 3 weeks, about 88.5% and then declined to 87.5%. Excuse me. Last week it was down to between 82% and 83% PADD 3 refinery utilization. I think we're seeing a slightly heavier turnaround slate than we have seen in the recent year and a half because of COVID. We really don't have a feel for the turnaround slate in the first and second quarter of next year yet, although I would anticipate it's going to be heavier than what we've seen in the last several years. Got it. Thank you. That's helpful. Of the two refineries that are not back up, is one of those your customers as well? Either one of them? No. They're not our customers. Okay. The Alliance Refinery had a breach from flooding over there, and they're going to be down for some time. The other refinery is not somebody we do business with. Okay. Just kind of going back to Ida. Our understanding is a lot of barge capacity was taken out as Ida came rolling through. Did your assets get impacted? Is the strengthening of that market or the less capacity there benefiting you by any chance? Well, we've heard that also. We didn't have any of our barges impacted or any of our equipment was not impacted. In the month of September, really into the third quarter in general, we did not see an improvement in utilization or not much of one. Just a little improvement in utilization from the Q2 through the Q3. As we're looking at the first 3 weeks of October, we actually have seen another impact or uptick in utilization. Even for the first time this week, and this is the first time I can remember in 15 months, where we received calls from customers wanting to put marine equipment to work, and we didn't have marine equipment available to put to work for them. We're a small part of the market in the marine world, but it sure seems like it's finally starting to tighten in the marine world, from what we've seen over the last 18 months or so. Just so I'm clear here, do you have any excess capacity that you could put to work or anything rolling off that might roll on at higher prices? We still have four barges that without power, we don't have power for them. We can get power when we feel like we can put them to work and keep them utilized enough to bring the crews back and take the power out on a full-time basis to put them to work. Yes, everything we have available today, we have employed. We do have some more equipment that we can put to work when the need arises. Got it. The current vessels operating today, I'd say we're generally on shorter term contracts. To the extent the market tightens and prices increase, we can realize that on existing equipment fairly quickly, I would say. Okay. Thank you for that. Thinking about sort of the forward curve for butane, it's backwar dated. I know you guys have signaled a strong 4Q. Is your 4Q already hedged and therefore we should think of it as being locked in? Our hedge position is the same as the last time we spoke 90 days ago. We're approximately 33% hedged on our butane book. 90 days ago, July Belvieu average price was a little over $1.30 for the month. As we're sitting here today on the 21st, the October Belvieu average price for the month is about $0.30 higher than that. We have chosen not to increase our hedge position. As we spoke a little bit about the last call, because the macro trends in the butane market were favorable then, and we consider them still to be favorable today. Got you. I'm sorry? I was just going to say that so as you look out towards November and December, you're pretty confident there as well, too. Well, yeah. You never know the forward market, but if you look at the fundamentals, you look at the amount of butane being stored in inventory on the Gulf Coast and around the country, is very low. If you look at the butane production, it's very similar to what it was a year ago. The butane exports are much higher than it was a year ago, and it looks like that's going to continue to be a strong export market for butane. The WTI continues to increase, and the RBOB and the butane spread, a couple of days ago, even yesterday, was $0.85, so very wide. Yeah, we think the fundamentals are in favor of the butane book at this point. Understood. Just sort of the last one for me. Thinking about inflation and do you have, I don't know, cost of service agreements, any CPI, PPI adjusters? Appreciated you calling out the natural gas above $4. Is there anything else you can point to if we get into a rising price environment? Yeah. Well, this is Bob. The first point I'll make is I think we've done a really good job keeping up, especially in the trucking business. We've gone to our customers. Our customers, who are primarily large refiners and large chemical companies, understand the inflationary pressure, and they understand the need for drivers. We've been on an emphasis to increase driver pay so we can keep our driver pool. We have done a really good job of passing those costs through, and increasing our rates, and you're seeing it in the numbers in the third quarter. In our terminal business, we have CPI adjustments on an annual basis, so it just depends on the contract when those will roll through. Yes, we're protected there. I think we're positioned in a good place. It's a tight market. Our customers understand the need for increasing rates, and I think we've been very effective and will continue to be. Great. Thank you. Again, to ask a question, please press star 1 on your telephone keypad. Again, that's star and the number 1. We will pause for just a moment to compile the Q&A roster. Again, that's star 1. There are no further questions. I will now turn the call over to Bob Bondurant for closing remarks. Okay. Thanks to everyone on the call this morning. I appreciate your interest in MMLP. I heard a quote not too long ago that stuck with me, and although I really can't cite the source, I wanted to share it. "Do not confuse the topography of the path with the trajectory of the journey." What does that mean? Why is that meaningful? To our investors, it's a reminder that the slight increase in leverage at the end of the third quarter was expected and is transitory due to the cyclical nature of our butane and fertilizer businesses. That looking forward, we are positioned today for strengthening cash flows, even as we manage supply chain disruptions and inflationary pressures. As has been our focus, we will use those cash flows to de-lever our balance sheet as a means of returning value to our unit holders, believing that ultimately debt reduction corresponds to unit appreciation. Thanks again to all and have a great day. This concludes the MMLP third quarter 2021 earnings call. Thank you for your participation. You may now disconnect.