to morning us. good of you. and joining operator, Thanks, all Thanks for Great.
excited We're obvious second pleased capital to quarter really results. report it's update at another is this great Really quarter, good. you time And to guess exciting XXXX our on a program. I Crestwood. we're
become delivering flow step growth year. Another and another our XXXX on rate free per cash unit closer quarter, target goals one step compounded towards in DCF to three-year per reaching XX% annual of to our
results. consensus to Our second million. exceed as well of XX% EBITDA solid assets, That's our continue as $XXX an They year-over-year obviously, estimates XXXX continue adjusted increase. projections to produce quarter with internal
with on came the end respectively. those a guidance EBITDA And to of million. and full-year million on $XXX coverage think leverage ratio ratio in achieve of X.X X.X based results These results we XXXX adjusted year-to-date, times track and to times we're and healthy our upper of $XXX
how pleased Crestwood is the portfolio with remain the Strategically, we positioned across industry.
driving with rock those on needed the build benefiting the in both XX, supporting of the and We Bakken prudently producer really supply River good regions out infrastructure near-term some capital continue of in netbacks from there invest to activity. best lower Basin, Powder the growth and
of customers, importantly, of Bakken that positioned on drilling in and top-tier producer inventory to these attractive under our exceptional economics we and well offer substantial fee own are fix contracts businesses. the PRB the very EURs, acreage dedicated long-term assets for continues Our top XXX%
assets of And few development in cycle, ahead joint punch bit infrastructure Delaware our improve Nautilus Crestwood's next long a our opportunities. great the over one-two continue additional through drive but a their Stagecoach be Marcellus the is positioned to term, years. Bakken to make over and to time of contributions the The they expansion terms PRB to bottom little over well results our line venture
all dry I where think resource Basin, in by Marcellus downstream we Delaware are but you challenged currently in or have both potential, assets, substantial the have know that potential the producer the regions supply economics needs. gas growth are infrastructure incredible and
both for areas partners. very Crestwood future our We a continue have bright believe and to
we in capital Crestwood's focused again, projects Basin. completing Bakken the saw and we our diversified once expansion business Additionally, quarter, second Powder G&P segment on in of the the the in the in as River value model
segments the and marketing they to pulled in weight quarter Our logistics more very their drive and by supply in storage outperformance second transportation first XXXX. our half results both continue the nice of and posting and than strong
crude market East serve oil S&T in and providing and refinery downstream NGL our broad Bakken, advantage Coast the storage, have and the and teams customers. pipeline, our in terminal doing conditions And Coast of us Crestwood's a assets optimizing markets, rail of the upstream changing both West great portfolio region job markets, been they for customers. and to truck services are market of critical The MS&L taking largely and to our in Marcellus-Utica in largely the
great quarter. teams by a the all job So during
back our significantly our MSL to ability While and want for XXXX, contributors investors. continue in to largely deliver the quarterly continue to this and to to compliment XXXX segments three-year half the to drive will expect ramp gathering segment our and program, we capital of owing processing the expansion they and largely consistent in our key results S&T as to results I beyond, be
So cylinders. it a continues portfolio, be eight diversified all great on hitting to
are We midstream the midstream certain current landscape time to regions operating challenged certain enhanced corporate on we is in the while which and capital improves recognize and and shift want be continues investors Now to want. from discipline us They positioned increasingly excel Crestwood time, cash lower what flow to environment. free uniquely transparency, services governance to think leverage. focused generation and that drives spending,
and day, At environment. that true all really on create of the with are stewards stewards are good demanding world of focus basis view align capital These on be end same are investors' at of and the mission that value per-unit core the themselves the of of investors good a Crestwood. and strategies management teams investments and the the time the that attributes
we've few our last think job illustrating quarter do done out. of ability in that the quarters, quarter really a I in, to great
very To the our I'm our during the in published our leader an towards culture. Company second to sustainability we've operating success Taking quarter that we build the leading report. has midstream financial inaugural industry also industry reporting since MLP XXXX a into that on further Crestwood and been a robust ESG across disclosures. sustainability and proud accomplished program step organization, integrating enhanced develop
from initial emissions, importantly, few inaugural indicators. positive. in lot you The data executive and are to examples I scope social response of encourage scope details the a time has the investors performance the all at compensation and But look and take it. X report and just the and gender There's been to metrics, report our of of go performance extremely X a and reported
important in we Berthold the the North specifically highlight the Dakota, where our relationship other including MHA Nation employees the operate. key areas report We've gathering with community from Arrow and operate One Indian also customers, stakeholders we strong the is key our on we Reservation. in officials members, that regulators received and feedback that community system our government in Fort
Dakota, weeks team Maagarishda North of official our the an ago example, Crestwood in was two opening Start the As Mandaree, Center. Head for
state-of-the-art our more children in education and MHA on facility support It's childhood two the years, quality early education Nation new almost allow donated to million opportunities learning the past Community. $X Over will this access reservation. and higher that Crestwood has the to hope
and and operations developed come. the and in years to the of them Crestwood North Community continue that many an proud with over we've Crestwood relationship MHA the to The Dakota, we're strong we'll is for build years integral extremely family of on part
is Now area Crestwood's clearly cash across portfolio. It's our few the of years producing highest it's operation. over Bakken next leading driver our the our growth project returns primary and flow
I'm continue system, processing Den very early plant Arrow to three-phase September system. II we're On to the in-service the track pleased gathering for Bear And on for expansion. our that announce date expand we an
Crestwood with sequenced Bear that That's the maintain second-half can have producers local in Dakota. the to important Den role restrictions. flaring plant all so of II their Our development very commissioning together North we to work align with plays that a plans compliance
of We a in to the in half connected feet flows the is change of to on for system. result second water. coming in-service congratulate of the much acreage Bear day and immediate of wells Arrow million dedicated from And connect here day first gathering to month of barrels gas will of to XXXX, half XX new want It's the And breathtaking in team wells XX expect of the cash water plant of Den the in system and the Arrow we recently at a daily moment crude, natural approximately cubic 'XX. step Arrow July barrels produced take XXX,XXX to gas production XX,XXX II off per records in how FBIR. for the oil, a our our hitting crude and XX day I
completed transitioning We recently to Powder Jackalope the integrated fully we operations Crestwood Basin. portfolio. River the Now Williams and from into
full assumed to Jackalope on XXX capacity have plant We're gathering day. million of gathering compression teams and project responsibility and management track Horse Bucking cubic expansion feet up project Our our the increase and projects. processing to per the
Bucking pleased announce here, Horse I'm date early And with XXXX currently for the that we're plant on expansion. first-quarter in-service to track an new
River on encouraged is expect portion results of Chesapeake to eastern we recent been and XX wells drilling of by very the Basin to the their dedicated complete Powder Converse XX and second in half most in between which on acreage, And we've Now, us the delineation County. XXXX. system,
basin low NGL gas Turning low for largely to it's you the Delaware But several asset volatile an recent of record Basin, pricing been during and the and with natural much for quarters. the has us. last quarter the prices and know important challenged
the Some the this and of our part of Lake shut on Orla system, than northern expected. our quarter, for producers in Express, we had temporarily in lighter is which the volumes second quarter the Willow during resulted volumes in
temporary were and quarters. most volume next now We see shut-ins and is over But natural gas improving for back couple of both the that prices of NGLs those online.
to our customers the our Xst, Chemical Orla Importantly, markets. Phillips with Coast favorable plant T&F Gulf extremely pricing purchase providing processing natural on kicked agreement gas with July important Chevron in,
of in, as in So half volumes with as kick year, the pickup Crestwood. margins both that we results the at should drilling additional for to our see are for Orla starting second customers pricing and improved well
has Shell's And Gulf liquids cycle. approach projects get infrastructural the also to we the make downturn, crude. Delaware think liquids gas Coast, I'd been should or this to outlook room steady reduce volatility for key during gas very and more bright you and basis forward as gas, activity has in-service if across to gas like going a development this will, their dates, which broader highlight Basin
in Coast that And project expected be Express Most Gulf to be out to significantly Basin. will natural which in forward that service near-term we're beginning will the or September benefit October, notably, already gas the gas the of impact prices see will in markets. Pipeline Kinder's
Delaware kick back off a the second taking of from this we expectations, while quarters of to couple in assets our So expect the growth year. half
to is operate look very merits. that's and we evaluated the be investors individual We're are continue cash returns areas -- infrastructure on its in we capital sacred operate each our for that project optimizing we and across in that as free a must we flow in business portfolio, model, Now, positive committed needed in. invest
of quickly, in is and in number return leverage Most million invested We've capital In a investing are projects immediately, as years XXXX, and that unit; our three, core $XXX for about that capital; $XXX capital the budget good been and one, projects between million. and the Bakken couple leverage accretive Basin, offer to River are DCF projects growth number the of that is in closely you our know. continue that or to last number over areas two, stick spent to being Powder not of enhancing per neutral strategy if only we the really strong on that time.
to those generating Crestwood think substantial and When path per projects free our clearly that million expansion drop should a full-year to year. provides range Crestwood's complete, about million investors $XXX for a $XXX in And flow capital that's to are we cash XXXX growth XXXX.
point inflection another Now, as the getting this the call, closer at of quarter across targets. step beginning and think an marks the said execution to our Company solid the nearing and we board I meeting is great
two in. first strong quarter are the quarter that plant in have should Bucking we the meaningful growth and Fundamentals a Den very XXXX the And operate near-term third ramp II in drive plant. Bear that in Horse cash catalysts flow, in with the the areas of II with beginning we
We our balance of remain a very path unit on sheet. total midstream footprint take safety We impact take and the seriously, being environmental limiting return strong with right to maximizing for we're committed to a We best-in-class operator our operating holders. seriously. the very
really Crestwood in industry. the everything going in a good I on now, think that's is spot right given So
and look to at it Robert a balance quick commentary with on some that, happy our Robert? So financials over turn the strong second-quarter to sheet. for
