Shell Midstream Partners LP (SHLX) CEO Steven Ledbetter on Q4 2021 Results - Earnings Call Transcript

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Shell Midstream Partners LP (SHLX) Q4 2021 Earnings Conference Call February 24, 2022 11:00 AM ET

Company Participants

Shawn Carsten - CFO, VP & Director, Shell Midstream Partners GP LLC
Jamie Parker - IR Officer
Steven Ledbetter - President, CEO & Director, Shell Midstream Partners GP LLC

Conference Call Participants

Operator

Good morning, ladies and gentlemen. My name is Olivia, and I will be your conference operator today. At this time, I would like to welcome everyone to today's webcast for Shell Midstream Partners. [Operator Instructions].

I will now turn the call over to Jamie Parker, Investor Relations Officer. You may begin your conference.

Jamie Parker

Thank you. Welcome to today's webcast for Shell Midstream Partners. With me today are Steve Ledbetter, CEO; Shawn Carsten, CFO; and Sean Guillory, VP, Commercial and Business Development.

Slide 2 contains our safe harbor statement. We will be making forward-looking statements related to future events and expectations during the presentation and Q&A session. Actual results may differ materially from such statements and factors that could cause actual results to be different are included here as well as in today's press release and under Risk Factors in our filings with the SEC.

Today's call also contains certain non-GAAP financial measures. Please refer to the earnings press release and Appendix 1 of this presentation for important disclosures regarding such measures, including reconciliations to the most comparable GAAP financial measures. We will take questions at the end of the presentation.

And with that, I'll turn the call over to Steve Ledbetter.

Steven Ledbetter

Thanks, Jamie. Good morning, and welcome to our fourth quarter earnings webcast. No doubt, you have all seen the recent announcements that our Board received a nonbinding preliminary offer from Shell Pipeline Company to acquire all of our remaining publicly held units at $12.89 per unit. The Board has appointed a

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