Good day, and welcome to the Suburban Propane Partners Third Fiscal Quarter Results Conference Call. . Please note this event is being recorded. I would now like to turn the conference over to Mr. Davin D'Ambrosio, Vice President and Treasurer. Please go ahead, sir.

Thanks, Chuck. Good morning, everyone. Thank you for joining us this morning for our 2022 Third Quarter Earnings Conference Call. Joining me this morning are Mike Stivala, our President and Chief Executive Officer; Mike Kuglin, Chief Financial Officer and Chief Accounting Officer; and Steve Boyd, our Chief Operating Officer. This morning, we will review our third quarter financial results, along with our current outlook of the business. Once we conclude our prepared remarks, we will open the session to questions. Our conference call contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, relating to the partnership's future business expectations and predictions and financial conditions and results of operations. These forward-looking statements involve certain risk and uncertainties. We have listed some of the important factors that could cause actual results to differ materially from those discussed in such forward-looking statements, which are referred to as cautionary statements in our earnings press release, which can be viewed on our website at suburbabpropane.com. While had some real forward-looking statements attributable to the partnership or persons acting on its behalf are expressly qualified in their entirety by such cautionary statements. Our annual report on Form 10-K for the fiscal year ended September 25, 2021, and Form 10-Q for the period ended June 25, 2022, which will be filed by the end of business today, contain additional regarding forward-looking statements and risk factors. Copies may be obtained by contacting the partnership or the SEC. Non-GAAP measures will be discussed on this call. We will provide a description of those measures as well as a discussion of why we believe this information to be useful in our Form 8-K, which was furnished to the SEC this morning. The Form 8-K will be available through a link in the Investor Relations section of our website. At this point, I will turn the call over to Mike Stivala for some opening remarks. Mike?

Thanks, Davin. Good morning, and thank you all for joining us today. In the face of many challenges in the broader economy, creating headwinds for our business and propane industry as a whole, we delivered strong operating performance and several strategic growth initiatives in the third quarter, both in our base propane segment and with our recently launched renewable energy platform. Some of the operating challenges included high and volatile commodity prices driving customer conservation and challenges managing price risk associated with inventories and future supply. Tightness in the labor market, in particular, for qualified CDL drivers in service technicians, creating hiring challenges and higher labor costs, inflationary factors increasing the cost of vehicles, tanks, diesel fuel and many operating costs and the impact of overall inflation on the consumer, which is delaying collection efforts as customers are managing their household spending budgets. Our continued strong performance in the face of these challenges is a testament to our unique flexible and nimble business model, which has consistently set us apart from our peers. I'm extremely proud of our operating personnel who continue to do an outstanding job in safely meeting the needs of our customers and staying focused on our customer base growth and retention initiatives, while effectively managing selling prices power levels and expenses. Additionally, our supply investment continue to do a great job ensuring adequate supplies of inventory and managing price volatility through our risk management activities, which have supported our overall margin performance and ability to offset some of the inflationary factors. As a result, adjusted EBITDA for the third quarter was $29.2 million, an improvement of nearly $6 million compared to the prior year. With the improvement in earnings, we used excess cash flows to reduce debt by more than $43 million, bringing our consolidated leverage…