Greetings and welcome to the CVR Energy First Quarter 2017 Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Jay Finks, Vice President of Finance. Thank you, Mr. Finks. You may begin.

Thank you, Doug, and good afternoon, everyone. We very much appreciate you joining us this afternoon for our CVR Energy first quarter 2017 earnings call. With me today are Jack Lipinski, our Chief Executive Officer; and Susan Ball, our Chief Financial Officer. Prior to discussing our 2017 first quarter results, let me remind you that this conference call may contain forward-looking statements as that term is defined under Federal Securities Laws. For this purpose any statements made during this call that are not statements of historical facts may be deemed to be forward-looking statements, without limiting the foregoing, the words outlook, believes, anticipates, plans, expects and similar expressions are intended to identify forward-looking statements. You are cautioned that these statements may be affected by important factors set forth in our filings with the Securities and Exchange Commission and in our latest earnings release. As a result, actual operations or results may differ materially from the results discussed in the forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law. This call also includes various non-GAAP financial measures. The disclosures related to such non-GAAP measures, including reconciliation to the most directly comparable GAAP financial measures are included in our 2017 first quarter earnings release that we filed with the SEC this morning prior to the opening of the market. With that said, I’ll turn the call over to Jack Lipinski, our Chief Executive Officer. Jack?

Thanks, Jay. Good afternoon, everyone, and thank you for joining our earnings call. Hopefully, you had the opportunity to listen to the CVR Partners and CVR Refining earnings calls earlier today. This morning, we reported CVR Energy’s first quarter consolidated net income of $22.2 million as compared to a net lose $16.2 million in the first quarter of last year. Adjusted net income for the 2017 first quarter was $23.1 million or $0.27 per diluted share, as compared to a adjusted net income of $8.4 million or $0.10 per diluted share in the first quarter a year ago. In a few minutes, Susan will provide more details on the financials we reported this morning. We also announced today a quarterly cash dividend of $0.50 per share, which will be paid on May 15th to stockholders of record on May 8. Let me just spend a few minutes talking about the highlights for business segments, starting with the petroleum business. CVR Refining’s 2017 first quarter adjusted EBITDA was $114.5 million as compared to $35.1 million a year ago. CVR Refining’s total crude throughput for the first quarter was approximately 214,400 barrels a day, which is a new quarterly record. Coffeyville processed 130,800 barrels a day, while Wynnewood ran 83,600 barrels a day. CVR Refining announced today that it will not pay a cash distribution for the first quarter. Turning to the fertilizer business. CVR Partners announced a first quarter adjusted EBITDA of $20.8 million as compared to $27.9 million in the first quarter a year ago. CVR Partners also declared a first quarter cash distribution of $0.02 per common unit. CVR Energy owns approximately 34% of the common units of CVR Partners. We will receive a proportional distribution. I’ll add them now. Operationally, CVR Partners continues to post high on-stream rates. In the first quarter, Coffeyville gasifier and ammonia units constrained low at 99% on stream, and the UAN plant ran at 97%. Similarly, East Dubuque’s ammonia unit ran just under at 100% and the UAN plant operated 98%. At this point, I’ll turn the call over to Susan talk about financials. Susan?

Thank you, Jack, and good afternoon, everyone. As Jack previously mentioned net income attributable to CVR Energy’s stockholders was $22.2 million in the first quarter of 2017 as compared to a net loss of $16.2 million in the same period last year. Adjusted net income for the 2017 first quarter was $23.1 million or $0.27 per diluted share as compared to adjusted net income of $8.4 million or $0.10 per diluted share in the first quarter of 2016. We believe adjusted net income is a meaningful metric for analyzing our performance as it eliminates the impact of non-cash and other unusual items inherent in our business and provides a more transparent view as to market expectations. The adjustments to net income during the 2017 first quarter to derive adjusted net income were major scheduled turnaround expenses of $12.9 million; and net gain on derivatives not settled during the period of $11 million and an unfavorable impact as a result of our accounting under our first in first out either FIFO inventory accounting method of $300,000. The adjustments for the 2016 first quarter were major schedule turnaround expenses of $29.4 million; a loss on derivatives not settled during the period of $22.6 million in an unfavourable FIFO impact of $8.8 million as well as expenses associated with the East Dubuque Merger of $1.2 million. These growth adjustments to net income are reduced for the portion that’s attributable to the non-controlling interest and are further reduced for the net tax impact associated with them. The first quarter of 2017 effective tax rate was approximately 28% as compared to 41% in the first quarter of 2016. The combined federal and state expected statutory rate for the quarter ended March 31, 2017 was approximately 39%. The effective tax rate for the 2017 first quarter…

Okay. Thank you for joining our call. Seeing if there is no questions, Jay would you give the closing comments.

Sure. Thanks, everyone, for listening to our conference call today. As a reminder, our call along with CVR Refining and CVR Partners will be available for replay over the next 14 days. You visit our website cvrenergy.com or contact Investor Relations for additional information. Thank you.

Ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may disconnect your lines at this time and have a wonderful day.