all for you Thank morning. joining Good us.
lot We today. to a great of news report have
on you Before financial with on some let for it give third Tom, the details strong our over the go you I results turn I'll news to positive updates some good business. our and me provide quarter.
minimize in As embarked with did to Permian the with and while the more is Corpus over Permian to that in of future. and leverage, from in short, executing but MLP shale expect the miles now play to both for at as shale that to MLPs, northeast share is Basin system lower assets the in seeing opportunities. XXXX the plan on seen is to because in it close, our now the Christi great the IDRs, seeing system are by oil maintaining recovery to our we production expected By the our James which By and definitely to Thanks from positive of the foreseeable the the the Permian dark or Permian course, has the of southeast at Permian at Off to be to Basin. expected NuStar number is play several in at is crude our the shouldn’t lion our Arabia we're to surprising many facility the to opportunities years. projects to a storage acreage sector eliminating from expected in impact that U.S. the at significant for logistical Basin far that opportunities midstream We've solve dislocation capital as Russia. of half in majority uniquely crude drawing production we this of continue along situated now Permian and XXX Basin, has for Midland gathering quality we the these grow over and heart Wichita growth. benefit to crude to the comprises be the attracts. Basin our Louisiana. be Falls, one U.S. to producers the driven located spillover Saudi achieve the current the our XXX sector, the demanded the year, characteristics opportunities concede governance, world coverage and of for is our simplify strengthen on ratio. MLP coverage, these production. catapulted and producer made growth also plan our healthy The breadth year capital step core benefit changing of And benefitting assets. XXX state-of-the-art growth and NuStar that shippers financial the earlier XXXX, ahead a tier eliminate planet. growth as participate the for so And Permian's for growth opportunities to positioned miles will been we on MLPs given the healthy our needs dedicated this strong acreage St. By the we on away of position our world far our equity dominant believe solidly strong core In bring class in Basin's miles top dominant and continue Midland the terminal a
rains saw to exaggeration. those continue Texas, of historic rain even We inches During in XX days. for up who around quarter, ramp given of and of historic XX the falls third our outside no is throughputs the
In were history. fact, two months the Texas' the October September and in weathers
and to we may WTI Basin's the to about of ways to the XXX,XXX Permian advantage barrels the want barrels are and shippers day and and or nominations seem exit price Our that inspired incentivized I long-haul has to not pumping do out to our impending XXXX, fact say per one Number we concerns. takeaway nearly to XXX,XXX differential XXX,XXX system, differentials production to it about approximately things way to barrels work with per our day capacity on temporarily in in water by producers barrels constraints be base. widen Worries those get have of November the takeaway of concerns The XXXX they midland times find producers expect reassurance, outstrip XXX,XXX few and between before that's X continue rats closely exit positive growth per has XXXX so brakes. narrows. day. a
in raised In affirmed fact plans. or their production cases we're hearing even some them
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day in and by that August unit St. barrels to in serve the in we restarted commitments recent differentials, were over customer truck. with bringing storage the terminal. pursuing the month. currently Our benefited as had Western a a also Eagle number the to our over from trains double rising much and Canadian facilities. wide at we system. train months. to our see has above commitments minimums XX,XXX also that and X Bakken barrels tanks coming South throughput volumes James for well trains WTI We're offloading trains months These are Crude on we Ford XX mentioned terminal as for about conversations Based the of seeing Texas our docks as System could Permian Also the as barrels customers
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long-haul a Those of for crude will bound refinery U.S. of in exporting projected As Corpus for service connect by Corpus service of terminals meaning exports. as advance in allow for the South our world Export to light customers of the XXXX, million with James the coming in likely to Christi from day into growth full demand. to from be were system barrels midland largely Permian on barrels much projects in North Gulf Texas as to like customers of and is Basin's to our discounts Back bring in and early service production class long-term addition our which preliminary benefit both Terminal, X barrels Beach the in St. Louisiana. long-haul talked pipeline the Christi development Coast expansions Permian facilities about capitalizing exports sweet we incremental U.S. WTI export U.S. exceeds August, projects --
the agreement construct to on connect Oakville X.X South for Texas XX-inch million a terminal, we reached have WTI XX-inch storage Terminal. near Terminal, construct X.X mile Trafigura. We’ll XXX,XXX to our million that to X.X to commitment barrels, eight Corpus barrels our transport happy North to pipeline new Taft, with II capacity will a existing our our since from connection in we East from of with year Corpus to Trafigura very new dedicated system a Christi barrels a to be at We’re four announce Texas which total pipeline bringing and will Cactus our barrels Christi pipeline also of million
growth. the begin very benefit pipeline next this to soon and expect providing the as Basin’s Trafigura from on beneficial we’re about to mutually Permian opportunity as summer, We service to excited XX-inch
projected existing We’re exports other also to and pipeline to as large Christi exploring as new in in ways of St. NuStar's additional role in connections and Texas growth other well a Corpus James. our projects both system expand South
to bound U.S. destinations for past on of the Asia. projects in few preferred have platforms of capable eight projected loading barrels of upwards offshore like VLCCs, the the months, significant growth transport announcements of exports, based Over mode there construct for been
export While viability on include announcement, these of we the VLCC excited Christi's crude loading will recent of which that capability oil projects, about port several we’re of project, terminal of Island. port Corpus were developing Harbor is the a the skeptical
many with on had port longstanding our approach, port to customers. relationship, port our finding with facilities have for occasions the to to commercial closely Because discussions and provide or the flexibility connect years, we've the of initiated terminal our solutions. practical Over we representatives its their appreciate work with opportunity additional
Permian the James and of the effect facility growth. While Corpus to as barrels ripple Permian’s Christi largely the our from bound particular, expect in we see for incremental also Texas we St. Coast benefit
we in participate to St. major continue that refining Earlier extended we several Mexico, forecasting we’re barrels as projects year, incremental Permian to we’re creditworthy As to you from of the want opportunity northern next customers reach to of to by sure at in export I way and well. several as the are soon schedule strong progressing announced facilitate contracts update refined water these on with the find project long-term make as Permian. of complexes, and beyond working James products Bolero. on These this projects their projects EBITDA some T&D including month. backed
Over or assets which demand return, in a of so, storage the meet commands high biofuel for Coast to number been through premium our we have over past rates. the emerging investing biofuel other storage, low year projects region West in cost, also a
expect is investment an total X we to these times. While only multiple approximately around EBITDA projects $XX million, of the deliver
have grading you had problem from deeper progress, the much choose backlog multiple of about another have. than NuStar in Permian’s growth At good see can balance order is too of same and time, that strategic lot within projects strong projects make good to efficient, high-returns high-return strong ever with Tom our many excited maintain judicious we fundamentals in like has now fact in capital to project we production needs fact our scrubbing leverage to committed and dollar. coverage. having continue and we our history, our and we're a competing these his we’ve ensure projects every we’re As to sure high the low we’re to and are to every living In lower so team properly, can a means, about the ensure
for we improve our assets $XXX We agreement metrics been UK our and divesting a is on assets of and our package have announced, debt non-core we to week last to working also an sell which and signed identifying will million, times European that DCF impact multiple coverage. multiple assets have a to XX to our the sale no on significantly almost well reduce ratio, note we targets. is It exceeds EBITDA of while our important debt will these
utilize projected sale sales debt expect the close improve times. to will from our quarter. down sales many it return around as times five to in X.X the times multiple. leverage these will proceeds X.X times pay projected to invest a from We to XX the metric And end this we allow XXXX to [indiscernible] asset year also cases us of Using projects plus less high proceed our in than
it say in I’m we’ve over to call very XXXX and the we excited have Before that With over XXXX, that beyond. exciting to anticipate Tom, turn positioned that I steps that, projects generate let let participate and opportunities, in would our turn taken we’re reemerging midstream And the logistics. growth in truly Tom. those the me to XXXX me capital us pleased
