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Holly Energy Partners L.P Management Discusses Q2 2012 Results - Earnings Call Transcript

For our call this afternoon, Bruce will begin with prepared remarks and comments regarding our financial performance for the quarter. Matt will then follow up with some additional remarks. And at the conclusion of these prepared remarks, our team will be available to take your questions.

Before we turn things over to Matt and Bruce for their comments, we want to make the following Safe Harbor disclosure statement. The statement is made under the Private Securities Litigation Reform Act of 1995.

In summary, this Safe Harbor statement says that statements made in our press release and on this conference webcast with partnership or management expectations or predictions of the future are forward-looking statements and are intended to be covered under the Safe Harbor provisions of federal securities laws. There are many factors which could cause actual outcomes and results to materially differ from our expectations, including those we described in our 10-K and other filings with the SEC. These statements are not guarantees of future outcomes.

This call may also include a discussion of non-GAAP financial measures that we use in analyzing our financial results. Please refer to today's press release for required reconciliations to GAAP financial measures and other related disclosures and information on where you may find this reconciliations and disclosures and a full reading of our Safe Harbor statement.

Lastly, please note that information presented on our call today speaks only as of today, July 31, 2012, and any time-sensitive information provided may no longer be accurate at the time of any webcast replay or rereading of the transcript of our call.

And now, I'd like to turn things over to Bruce Shaw.

Bruce R. Shaw

Thanks, Neale, and thanks, everybody, for joining us this afternoon. Today, I will cover HEP's financial result for the second quarter. And as a reminder, since we closed the UNEV transaction on July 12, 2012, UNEV results are not part of HEP's second quarter results and will not be included in my comments this afternoon.

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