Willie C. W. Chiang
Thanks thank for adjusted Roy. our total first today. reported EBITDA quarter afternoon Good of for to the everyone, $XXX of you and joining XXXX PAA million. call
were our the expectations we As highlighted pleased quarter and leverage strategic on plans. of progress target these the make our with In continued for results execution that plans. towards reduction our slightly slide first of X, on respect, we're ahead to remain
positioning our capital and adjusted with for just and underpinning we reiterated program, our the for adjusted review fundamentals XXXX then XXXX the year. line underpins our progressing be our as XX% and unfolding in expectations EBITDA our And of our referenced Furthermore, the Permian in to largely which to and XXXX, growth guidance balance on favorable to guidance I in planned. and Al XX% overall our financial the EBITDA XXXX. now appear highlights detail is expect will growth business expectations. provide beyond Our some I continue will to the we fee-based
the of When for first shown year-over-year growth approximately sales, our XX%. adjusted or year-over-year. adjusted $XX X and $XXX segment fee-based been was $XX have segments million reflects slide million or for growth Our asset would EBITDA quarter in as XX% million approximately on fee-based
related fee-based EBITDA our guidance, XXXX Half in sales. to that was of $XX forecasted quarter. down our and assumed EBITDA, the from approximately is million As adjusted fourth variance asset
on of Transportation expect to next of capacity generally due continue by the demand our Permian capacity. timing-related Permian The a we shows was The million factors. grow from our Wink a hub. exception systems combination on signaled quarter currently visibility right tariff of our partially activity we and production Delaware fourth our production original down fundamentals of onetime interest that was positive panel our longer-term customers the indicator volumes, for is XXXX, XXXX our and from meaningfully segment as with which compared provides each XX% Basin levels in by earnings to for expectation. widening and producer which the recent incremental equity expansions Permian X Permian and Industry exceeding BridgeTex lower as our fee-based to offset $XX the evolve increases, for to approximately of additional quarters is in slide notable differentials in Additionally, our expected generally three guidance intra-basin for
expectation incorporated likely XXXX Permian experience XXXX. guidance the of second constraints first would expected. half capacity materializing in an XXXX of is Our that the and takeaway earlier This half than
been in than expected gathering We've capacity Permian constraints to substantially our constraints accelerating takeaway have in intra-basin Sunrise complete. production remain as projects pipelines long-haul Extension of additional sooner will our such but II pipelines. intra-basin some Loop long-haul are in address capacity created has our Delaware projects we and and rapid until Although constraints these filled likely the growth and systems, Basin the Cactus has
of for lot You are there to the pieces. unchanged. we a will Behind XXXX note guidance that moving chose leave scenes
to in Canada Permian in volumes volumes part are As by apportionment to for expected most due offset decreased issues. an be example, the the increased
tariff system-balancing changes with roughly expected increased until be Additionally, the associated completed. our by impact Permian of expenses are we are other activities to mix and offset anticipated unit incurring debottleneck trucking costs on margins in are
at volumes enough we run and from difference about balance, differentials. time. precise not margins or change full-year total on Although XXXX currently said, there me this resulting through to Permian not questions us on model actual to of cause these the was run variations our guidance wide a unit when likely front margin-based changes anticipated our are offset upside That let the one-to-one
result been ability our focus near-term to limited somewhat to of balance quarters, is position And XXXX our we've to the our as indicated that, has last capture throughout logistics adjusted these assets to our differentials upside show $XXX XXXX. guidance secure third in As for the consistently Accordingly, of a from which EBITDA over several S&L million years positive our with we prior the for expected quarter the consistent and fourth quarter negative second of seasonality supply due and and the reiterated results sales. results to in is plan. XXXX, NGL
XXXX Looking from to improved remain segment expect forward, wide compared and differentials XXXX. see when Logistics our would Permian XXXX, to if for performance in we Supply
residue forward remains our gas. we with detailed capacity, takeaway year as continue believe our providing on capacity factors expectations for for Permian services these we as look into frac Taking factors of we discussion these expectations gas forecast, other the for early that as spreads, and and more our water, a and and could well NGL to account, at processing labor June. logistical production As Investor equipment, Permian production in impact for such monitor variables, growth to growth Day track sand
Our expansions. capital Sunrise be to Cactus reflected II our program long-haul projects on Phase Permian track. I also and II forward slide announced excited moving as our on We're and recently X, Phase remains with specifically our
pipeline Delaware with Basin We as the system Cactus area. the connect will II Christi/Ingleside Corpus with our are planned that proceeding
Basin with barrels quarters. volumes The of ramping producer on that with day day couple supported and City the our subsidiary system well loop and capacity existing joint per barrels by barrels Wichita from line as the Expansion in a construct XXX,XXX fourth Pipeline sale System over Colorado in of begin Cushing. Falls. service an fully to as quarter is a our Falls of in of approximately commitments to day expect up a of line interest a Sunrise This enables throughput of to available the the of extension The us day to the determined to negotiated have to barrels expanded of a XXX,XXX of XX-inch We capacity Sunrise utilize recently Valero. capacity XXX,XXX XXXX from Wichita XXX,XXX approximately capacity undivided of adds Midland project
to to a our at acreage terminalling they're As whole, pipelines their complementary supported increased and as projects, projects our which bring We're on to origination production Sunrise. storage discussions And projects. in capacity, intra-basin of certain connect both on complement these accelerating could the result or long-term a are gathering Wink shippers near incremental to own. the and into system possible and intra-basin for XXXX of capacity Cactus Furthermore, a facilities potential are we're commitments and forward demand other by in additional capital working and on located levels we XXXX. production additional projects the the number at and other and also producers we're dedicated Not additional of are creating with some only a long-haul active constructing timing more as adding points additional accelerate of expansion also tankage gathering Midland. our our long-haul to
of capital program not the we working XXXX projects some from guidance this time. formally are we Although at XXXX, forward to XXXX, increased pull our have
We we'll CapEx that, in well over as applicable. be our the an able of on to I'll we a better turn the additional projects provide the update into Al. that XXXX, position call pull on as to as August forward to expect are call impact With
