Alan P. Swanson
Thanks, Willie.
results deleveraging updates call, portion I'll a and XX. plan, my the comment capital our also forward few a second and of our program. on at our provide During guidance, to capital June of discuss And deficit I'll recap working quarter
by approximately growth X, Segment growth Adjusted of in due $XXX million, Adjusted million million, fee-based or per after XX%, slide EBITDA quarter, decrease barrels growth million, EBITDA asset adjusting second As and we was volume the reported Transportation Segment Facilities Year-over-year shown while a for $XX for XX%, or XX% fee-based sales. $XX tariff primarily Adjusted XXX,XXX of on reflecting day, sale. asset or than to driven $XX year-over-year EBITDA was primarily more of Permian of Segment
of an of first EBITDA the per our result in driven Second day of $XX segment, sale. approximate The increase a operating over timing-related Permian the a barrels asset $XX expenses in quarter non-routine and by by segment increased million due Facilities XXX,XXX as quarter fee-based principally approximately decreased of increase volumes. million million impact XXXX, to tariff $XX combination Adjusted Transportation and an a
approximately on to second half plus our from EBITDA over increased accounts Willie shown as grow segment and the and XXXX of reiterated actual we year. we fee-based as fee-based segments As and includes benefit guidance. outlook The Guidance slide on was or minus that Supply is the Adjusted half fee-based This and XXXX mentioned Canadian million have well for million Logistics our the XX% preliminary and differentials. guidance increase our XXXX outlook million, XXXX based as Adjusted crude XX% $XXX $XX first oil billion. results, increase wider the for our increased by our X, $X.X for Permian EBITDA of would to $XX some
likely XXXX outperform our EBITDA XXXX that from indicated segment guidance segment. the Adjusted would Supply and also for We revised this Logistics
earnings will provide XXXX on our our XXXX November preliminary information call. additional We on guidance
as our X our slides move Let updated X. and me program growth summarized capital to now plan on deleveraging discuss XXXX/XXXX on and
First half PAA strategy our metrics to within to credit committed targeted the remains returning of foremost, XXXX. and and financing first our
$X.X slide X.X reflected times. to our I of the billion Since long-term As other on and last leverage year, X a noted EBITDA ratio appendix on XX. slide debt ratio the times, of EBITDA debt are PAA have plan of full reduced than These, mentioned we reduced and by to a metrics, metrics total along Adjusted in had also just a turn. deleveraging with more XX, debt August Adjusted and announcement liquidity of by capitalization X, XXXX, at June
S&P that outlook We date changing are progress to today to our from pleased with stable. pleased the by negative also progress and recognize our
positions. margin We program, expect our and with remain sales, total current variations primarily variations with capital our of to debt near execution of levels with associated associated hedge asset timing
gathering, and large which mentioned is terminalling on II, capital of program shown in projects acceleration imposition steel XXXX projects of majority expected related tariffs the as project on combined storage growth to increased Permian increased The Willie XXXX, of capital $X.X the the increase to the associated combination costs costs incremental of increased certain with this as slide is and portion of balance on projects as forward by the brings largest intra-basin, have million, of our As costs, and billion. expansions. two-year reflects The primarily XXXX/XXXX well program occur as new X, $XXX XXXX, attributable Cactus into to accelerations. certain such a to and with higher right-of-way which we XXXX
sales in in XXXX, payments be proceeds completion funded time expect passage to have of of with continue flow $XX expect million to asset $XXX far an sales. receive and and received cash and conditions. retained capital We million Thus additional we performance the of with the principally to program
of other from not hedging underlying may we as million above to incurred used liquidate or the this The opportunities, to these continue what on to Shifting the $XXX With to and by approximately over of million. approximately to This roll turn deficit a physical One asset advance to I'll for transactions amount of normal majority we Additionally, was little, working liabilities settle increase cash short-term us will the of comment would for Willie. last $XXX and efforts majority exceed hedges debt margin. fund, capital cash business $XXX back use item margin. year-end targeted sales. the incremental enable quarter at million June cash be and the derivatives the sales, with posted levels. sales gears derivatives is vast to of XX will The our short-term require consider the on the we on, our million I sales asset which associated million against wanted of debt and off $XX expense resources which relates to reduced net used $XX gains depreciation includes amortization call that, of post levels.
