Delek Logistics Partners, LP (NYSE:DKL) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET
Company Participants
Blake Fernandez - Investor Relations
Uzi Yemin - General Partners Chairman
Avigal Soreq - President
Reuven Spiegel - Chief Financial Officer
Odely Sakazi - Senior Vice President
Conference Call Participants
Michael Cusimano - Pickering Energy Partners
Operator
Good day and welcome to the Delek Logistics Second Quarter 2022 Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Blake Fernandez. Please go ahead.
Blake Fernandez
Good morning. I would like to thank everyone for joining us on this webcast to discuss Delek Logistics Partners’ second quarter ‘22 financial results. Joining me on today’s call will be Uzi Yemin, our General Partners Chairman; Avigal Soreq, President; Reuven Spiegel, CFO; and other members of our management team.
As a reminder, this conference call will contain forward-looking statements as that term is defined under federal securities laws, including, without limitation, statements regarding guidance and future business outlook. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast. For more information, please refer to the risk factors discussed in the company’s most recent filings, annual report and Form 10-K or 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 of their respective dates.
On today’s call, we will begin with comments from both Uzi and Avigal, then Reuven will provide a financial overview, and I will review results and then we will have a Q&A session.
With that, I will turn the call to Uzi.
Uzi Yemin
Thanks, Blake and good morning, everybody. DKL has delivered consistent results through various business cycles. Elevated global commodity price and geopolitical unrest underscore the benefits and reliance upon traditional energy assets, including midstream infrastructure.
DKL is well-positioned to benefit from increasing activity in the Permian Basin and the 3 Bear assets over additional growth opportunities, both geographically and in new product lines. The significant increase in third-party revenue from the production helped propel DKL towards more of a true standalone entity. This should help the things which DKL from other sponsor-based MLPs and attract capital with the diminishing number of MLP investment options.
The company is positioned well and this is an opportune time to hand the reins to our new President, Avigal Soreq.