call. Roy. Good everyone you and thank Thanks, joining afternoon, our for
for we $X.XX enduring and unit and year respect increase PAA announced the the value Let financial plan, create first of by points we meaningfully results million to pleased to outlined slide information our This metrics for today. X exceeded future, completion adjusted me afternoon, $XXX that EBITDA on August an hitting we the initiatives quarter expectations policy report deleveraging the released we as common are begin updates distribution. high our of the Al will our our strong in segment more full our margin-based execute detail. discuss to These continue performance year. with In XXXX logistics that our to results April, and With we investors. supply billion reflect on by targeted and or minus were plus earnings increased have in our positioning for fee-based several aligned to as guidance to key Accordingly, and expectations.
to per-unit time. holders As our value prudently a cash detailed equity and making discipline enhancing investments to and long-term balanced commitment creation over improving taking in financial we're through increasing approach to the flexibility return announcement,
We will system optimize drive and improved returns. to our continue for
to three have past of divestitures, of discipline fee-based highly the sanction sanctioned existing Optimizing our capabilities. be durability capacity, divestiture capital to continue that bolt-on and through expand and which joint agreements bolstered efficient been approximately our us billion projects business capital of that of to opportunities Over while increasing systems, to projects and of three visibility large strategic capital. additional the a debt we've existing extend focused growth JV have operating or our returns and reduce and our central on and project and leveraging JVs allowing several accretive years, remain our strategic and We our systems strategy. pursuing will been and number if strategic portion have our executed ongoing fund a
As a plus capital our XXXX program we've by result billion. to and as Al million minus increased $X.XX will or discuss $XXX further,
our well to give footprint few key projects. as update you our other a I'd Permian building like and progress Now, as on an
new to into combination capacity of of a . day grow to service McCamey. dedications this capacity system beginning approximately day barrels of more have most XXXX, day since a Wink we X.X intra-basin X.X to of on illustrated As commitments the million than million expect This XXX,XXX number Permian approximately gathering and by Slide approximately And is barrels We of from a acreage we end, X, barrels added year a volume a Wink XXX,XXX capacity underpinned upstream long-term capacity. barrels by and Basin of placed recently day.
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As speed II full full Slide the be quarter to expected placed of which progressing the with is project to targeted of service service by first the Cactus project, Christi to XXXX. we Corpus the complete XXXX. X, into in quarter Wink-to-Webster to in With partial be ahead XXXX respect first Ingleside on half progressing are to on construction illustrated and service on is third schedule the expected of
majority ordered our begin awarding XX-inch construction the by materials construction with several contractor the pipe, later We long-lead progressed strategy contracts year. key this line including have of we've
in As shippers the advance provide project with expect recall, you commercial to with has additional potential and and anchored the may future. be the near update continue support strong discussions in a to we an position to
opportunities advance Permian, several systems and existing terminals. to Beyond the leverage continue to we hub our pipeline
shipper from represent As shown the Diamond and incremental system. growth this expansion Capline In River open Each Capline we're sufficient level these capacity agreements in potential sanctioned capital process one the under most barrels the U.S. of oil a capacity existing of have of of if placed construction terminalling River, finalizing XXXX binding an modest of new crude is our represent project. today third-party for we to modest move Coast. With overall long-term extension reversal to This into our million open pipeline, capacity be is targeted the storage barrels we the X, complements more dock expected the program. terminal, of opportunities. and hubs and at to system At contract, close our XX season forward hub The X.X accretive, potential our capabilities crude projects Red which second project in in along connectivity, service support in of expect supporting St. the at system. they the the result and James million a Gulf efficient Plains there of the a respect XXXX. James, with strategic Slide season, to Red to includes operating will of aggregate, than and in storage expansion operating half St. our would of Diamond on growth capital expansion of
to capabilities construction enhance projects and Additionally, near system. new volume updates XX,XXX systems serving to existing third-party the in underpinned projects flexibility. terminal sanctioned Canada, attractive that, area. return leverage to Hills in is production our This our project we have look our bring barrel forward of Rainbow the day, long-term Al. additional all These a oil commitments additional will by and are great crude these pipeline We efforts With the per future. – operating that in call of attractive on sharing examples turn regions core and I'll over the Marten
