today. Good Thank for morning. joining you us
NuStar's over in I Tom few on details, through the I a turn Before second the call to performance want you highlights to some take for more minutes walk quarter. to
what well of on expect progress XXXX Our as NuStar we beyond. in XXXX as projects, second and capital for the half our
XXXX key were up second results on generate quarter the we In on quarter. a strong the for second our word, indicators. all of highlights we the First, over in
our adjusted with adjusted revenue up EBITDA merger up net X%, to structure of our XX%, the even and Total eliminate simplify IDRs. up income was our up pipeline and EPU adjusted impact X%, storage XX%,
one QX metric, the common available limited compared XXXX. second was to quarter was however up there in XX%, that partners key DCF nearly down
this in than all case up. down is agree I that think we better
quarter the debt-to-EBITDA was times, ratio significantly reported the X.XX of at lower XXXX. end second than we Our QX X.XX times
increase In is the our the key another factor debt-to-EBITDA EBITDA of addition mentioned, St. to as in Eustatius this our moving operations. year sale I
to pleased very that St. reported had earlier our improve projection EBITDA along from has double improvements with allowed X.X digit Eustatius July. healthy a close year-end to prior covenant in times. sale. five well debt-to-EBITDA be X.X debt guidance our to our on multiple I'm under our XXXX sale I us quarter lower times for able to And revolver of the of times the
of it core sale only St. our our operations Eustatius our XXXX reduced XXX% business North focus the more, in capital here on risk our lowered to [ph] America. allows leverage, lowers business, not and What's our liability us also profile, simplified
XXXX and on great what accomplished. of our we've core progress I Speaking our business; made to projects our summer congratulate want teams and they've for thank this capital project
the continued and you our of As projects in Northern our historical for spending project to three totaling The system, deploy build-out export our project. NuStar's capital at crude $XXX of point XXXX is in and assets things; spending. products capital in million to marking XXXX million, between $XXX supply know Corpus majority high earmarked Mexico refined we underutilized Christi Permian have
expand continue Starting with with the our pace Permian; to customers we needs. our system keep
XXX,XXX from capacity per XXX,XXX expanded our year So far by barrels barrels barrels to per we've day. day XXX,XXX this per day
the producers. dedicated And and grow XX of continue our our third-party shippers of facilities connections and completed skill added quality reflect our work, the need. experience the to additional acreage pipelines ensure well also We've Permian and our have volumes we to to and our team's flexibilities and connections hard
about XX%. Permian has acquired system it far overall May has in we Basin outpacing since Our XXX% XXXX, grown throughput an amazing by throughput now grown which
barrels XXX,XXX We based producers the what we around per know to currently we XXX,XXX and moving exit day. are still year barrels expect our nearly forecast, per on from day
needs. mentioned we've plans about production closely to I their drilling before, some contrary As we work overall And heard with understand the to Permian producers commentary growth meet and our slowdown. their
proceeding are producers full ahead on Our acreage. speed dedicated our
Turning to Mexico, this supply in to to our for service refined our Northern Valero scheduled go Laredo project in-service products and Nuevo projects quarter. early is
subscribed. to open this expansion service pleased season pipeline our be for Valley was Our is the that line and also fully we're in quarter Valley scheduled
transport Finally, connection Christi stage and project, and ready the turning announce happy to II service. Texas is we're facility to from for to export in Christi project South of that the Cactus utilizes a to XX-inch pipeline export our first Corpus now WTI which receive Corpus our to complete
as starting dock our that Texas report Christi to of projects. via excited first Corpus as Port soon week pipeline of barrels early the the facility large Permian Corpus export in next will long-haul three We're one be transported South to to the Christi
a export be service from mile XX-inch WTI II Christi to project, our pipeline connection in Cactus to transport second our to Taft a quarter. to is in of X schedule The on new this Corpus stage terminal
minimum transport add, for barrels day in volumes project system XXXX. commitments the near barrels on of of day are around Texas South I'd in buying on system per we advance like our back we the seeing volumes per crude to that system XXX,XXX in to even completion XXX,XXX significant significantly above record up of our
of And Corpus that also Christi storage. pipeline increased volumes terminal increase our utilization
quarter. bring Oak our Highway Texas our to system In beginning and early to now the connect as as South to system the addition, We crude expect should XX. we additional volume Gray fourth of
third to peak begin We these get we expect quarter as our spending in projects. completing we -- the strategic capital
we times. the to from full million. in the $XXX year, of adjusted to of expectations range to of million $XXX to finish to Moving to EBITDA X.X also range for we expect our continue DCF prior times, expect times the the now X.X in X.X our And times improved coverage guidance XXXX XXXX, X.X
you to as strategic expect year flow specifics capital another which fully, up the to planning provide ramp the year. I the able lead on be that XXXX can next in won't cash completed later we projects we from spend solid well, less to XXXX, also significantly until Beyond tell will we're those year.
plan a world low In service existing to low projects XXXX, providing cost, enhance execute program assets multiple while on capital our our footprint. on smaller across to class we scale
We strengthen continue to build financial improve flexibility, debt our sheet. metrics balance our and
our of to projects we this results. demonstrated Remainder our are quarter consistent safely, and second growth year, generate on completing operating so we focused and by continue efficiently solid
Now, to I'll on for those details more turn results. Tom over
