Thank you, operator, and good afternoon, everyone.
Transfer XXXX Energy call. the to third earnings quarter Welcome
your and by of are I'm issued prepared earlier answer as release today as slides the McCrea you here after other saw remarks.
Hopefully, help this who also joined we team posted Mackie to members press website. our management the to well afternoon questions the senior our
discussed are statements measures. Section Act be to and which information As forward-looking and distributable statements certain These which of we details from XXXX, meaning Exchange we financial Securities XX-Q Form will expect as making DCF, are cash to based current non-GAAP XXE flow, adjusted for EBITDA reminder, or currently our the November a the our both of refer the in well us upon beliefs are XXXX. file within available as of ended also XX, more to and quarter September tomorrow, in X.
I'll assumptions
of measures a find on non-GAAP reconciliation You'll website. our our financial
will had EBITDA our through quarter business, as and strong of our base record record across volumes volumes generated as well we our the and refined today including segment. quarter crude our We operations, results compared XXXX. of for the fractionators adjusted pipelines, terminals third third We going NGL $X.X performance $X.X financial NGL products billion in by XXXX.
In to for billion of over start our
in unit on S&P $X of rating of senior third stable upgraded This outlook. announced XXth, the with $X remained unsecured compared XXXX. and quarter October Transfer to excess $X.XXXX annualized intrastate distribution Transfer, $X.XXX credit segments quarter our increase near an DCF for per cash basis. was in midstream we from of XXXX.
In distributions flow volumes of after BBB Energy or in billion resulted the to the billion the addition, Energy a of cash quarterly attributable August, $X.XX common distribution represents was an records. In a by billion.
On as This adjusted, $X.X third to partners
to We reduction. the the have several leverage we that placed sheet balance all and are third-party over our as years done have we on and this significant of last recognition focus work pleased hard have
As of our under billion. approximately revolving available XXXX, facility the total XX, September liquidity $X.XX credit was
During we the billion of maturities. XXXX third the organic borrowings sale credit October, XXXX, $X the completed to repay growth $XXX revolving spent And used quarter of on of amount prefunded million aggregate we on capital. principal our notes and and of proceeds facility senior in
segment third strong to refined This compared starting to million of the turning EBITDA performances transportation, our $XXX operations. for terminal was our across NGL quarter, and quarter by for fractionation with third storage, and was primarily XXXX. billion results Now products, the adjusted to $X.X due
fractionated Mariner our day compared on and increase first volumes Permian Marcus export demand last quarter volumes of NGL X.X refined XX% the day grew barrels was contributions by to increased X strong driven loaded year. partnership per record period primarily international the a Through record. this to over that compared Total to to inventories, per loss recorded setting from barrels XXX,XXX saw million was same pipelines third our XXXX, owned than venture wholly million where hedged of total, of This per the the barrels joint last of XX transportation on period our of the X% out of year, more also increased pipeline XX Nederland of last more of year. for day barrels third new record approximately We margin million a pipelines to East nearly we day primarily of the compared for than region market out system. maintained million ethane barrels of volumes $XXX and X.X barrels well months to million NGL increased per products delivered NGL same of million X company in a the optimization third any an from more XX% ethane well we terminal quarter we our for XX% on NGL approximately higher year. quarter In exports. and NGLs. worldwide in NGLs exports continue share during U.S. a due than into as Hook. as This as and the other Nederland XX% volumes million to export NGL $XXX marketing Average as
which MMBtus was the midstream, EBITDA to year. again per last the compared in period We gas increased strong of volumes quarter, our growth day The same operating of to throughput regions. XXXX. gas NGL this than of For near the was volume $XXX offset growth more majority third was the adjusted million for million X% $XXX saw XX.X result significantly quarter record for lower to million by Gathered natural prices. MMBtus per compared and day million XX.X
$XXX XXXX. this due oil to volumes on higher to assets for was EBITDA the $XXX of several This of acquisition year. the LOTUS million in million well crude May pipelines the third primarily was our adjusted For as our segment, compared of as quarter of
LOTUS of a decreased onetime acquisition This Crude resolution oil this of $XXX as EBITDA period. for same on of of prior period as $XXX Interstate per a was expenses last legal due Run utilization X.X XXXX of compared on to result year. million the due barrels including charge Gulf Transwestern, volumes in into the our day year higher million Run XXXX. million the Rover, our segment, the volumes being higher in our as the adjusted over last May year.
In G&A contracted wholly of a Volumes as a into volumes Gulf pipeline Panhandle interruptible day and systems pipelines, quarter and interstate This and higher as million service of was many of $XXX per increased the to December as as several related in to barrels of increase venture Texas joint result X.X well Trunkline. million third pipeline the pipeline placed assets utilization to record compared to our placing matter in transportation the service pipeline addition, primarily of the well was pipelines. the well same period Bakken owned In XX% were
our network capacity adjusted million Haynesville contracts X. lower operating quarter third lower to We Texas Run, than in continue intrastate our from utilize also from EBITDA $XXX X we million storage and Zone Gulf fully Zone into well And pipeline and compared deliveries for decreases maximizing optimization were as the segment, natural on to and resulting our lower our pipelines $XXX new pricing. are was as Trunkline of last year. Benefits intrastate from favorable expenses more gas across by and spreads pipeline offset on
we acquisition Equity Partners, which this in of our to of turning Crestwood year. Now announced August
approve many Crestwood. between be acquisition closing. you accretive per Transfer probably As The seen upon is earlier unit and voted expected DCF of the have unitholders to merger this Crestwood Energy to week, immediately to
Transfer's capacity Marcus These value capabilities Transfer's hydrocarbon Belvieu Nederland fractionation Hook Delaware entry In the the addition, River providing from both Energy and assets position extend terminals. Basin. expected are while Williston basins, at complement chain in into export well deeper as Mont downstream into to our transaction also this as and Powder the will Energy its
$XX and now financial and and approximately X, our addition refined expect oil strategically achieve from and expect We we to close terminal annual synergies We additional NGL also within products benefits synergies. November businesses benefits the acquisition crude located cost of and million before to the anticipated storage with commercial assets. expect on in
in Turning export terminals and to to were an terminals Marcus and export Earlier across year, these projects our continue both our demand, benefit terminals. U.S. to increased our export well capacity from at from order NGL with as October months in NGL and international address as best expansion Nederland the Nederland demand. our ever FID-ed to growth the we starting and growing September this customers. our
The this forward it be projected expansion, look products project progresses. this on cost upon per give Construction expect to billion service to day up is we add to more us capacity. expected load is underway, customer to demand. providing is and expansion XXX,XXX in will mid-XXXX to various specifics approximately which of as barrels flexibility and $X.XX in We export based to
we a We to fractionation continue also would add capacity.
At frac day our that over X ethane in Marcus have to barrels plants capacity placed per of cubic project an of service day Mont the incremental reached Mont we at throughput refrigeration a October, foot in Belvieu XXXX, operating pursue processing million and storage Basin, in terminal ] Delaware in result, Basin. service day into our Hook our X.XX XXX August, an processing the December optimization all-time placed total project XXX at [ as which X, since brought million into we Belvieu, have we Delaware per cubic and foot now per high.
Out plants million fractionators total
record Our new we plan available and remains via adding considering capacity to the acquired contemplate while timing processing plant continue Permian acquisition. in we the and the another potential highs, necessity of any near Basin Crestwood that
LNG update an on Lake project. Next, our Charles
interest producers significant from We markets. and continue our U.S. LNG capacity to in see international
in partners Transfer. interest are an We substantial equity offtake. partners ultimately These approximately several Energy in LNG and of with potential XX% equity are interested for also significant negotiations retaining of targeting volumes are
tremendous receiving and from our to encouraging a negotiations to Department and authorization support few stakeholders in Energy community of interested international and now our basis.
And expedited update are the domestic we who on pending other export application EPC other on are We projects. an an constituents for customers, are actively finalize contract, approve
Louisiana sequestration carbon with Site entails Point. of site and treating North to project a COX in Capture the capture make plants continuing the pipeline our from to On sequestration in we construction capture progress front, Louisiana. This the a and of are
COX in proposed connecting continuing work construction develop the would area. Louisiana are Lake include to We Oxy industrial facilities project sequestration Oxy's of a site. to Charles, CCS to our pipeline a This with
On include near the the significant on natural our existing gas other ammonia blue services ammonia working facilities. access Nederland Lake Charles are and opportunities front, would of several that with transfer to evaluate dock infrastructure and companies projects deepwater property energy supply feasibility we
in working West the evaluating related are COX Channel South pipeline sequestration other emitters projects to are Texas to Texas, we CCS treating plants sites corridor. on facilities and COX that we projects Ship and Houston COX processing connect Additionally, our in would and
are Kentucky we use of our Virginia. and variety credits and Southwest XX,XXX Energy in for evaluating forestry, effort Virginia, spent of land West The solar, uses. evaluating Finally, carbon Virginia located of acres other wind, acres considerable a in existing time some on Department of XXX,XXX projects the Virginia of has and
products spend on in USA segments, excluding Transfer spent projects, Energy growth XXXX, September looking capital billion the the Now refined our primarily NGL for Midstream $X.X and XX, growth months and ended CapEx. SUN at and Compression X organic
For to our $X XXXX, expect expenditures full capital come capital we slightly Crestwood. in to billion, guidance including growth of year announced related below previously growth
to that Looking evaluate of continue a hope to ahead, number bring we growth potential projects to other FID. we
We outlook capital earnings to XXXX call. fourth provide expect quarter our growth our
continue we annual billion. look to $X growth be our projects, run forward capital billion to $X of high-returning backlog potential rate However, to our growth expect as long-term we approximately to
adjusted for guidance. Now EBITDA
EBITDA expect the including be adjusted For our Crestwood. $XX.X full billion and $XX.X months now between X billion year XXXX, of we to
third to recently see in flows cash business projects the and records strong contributing stable growth segments several continue completed throughout We volumes our with quarter.
integrate new excited Crestwood ahead, transfer the present combination look these We on close later are We new the believe and employees this strategic acquisition forward the opportunities efficiencies. our we week. Looking of Crestwood working to commercial assets of into will as businesses energy franchise. we with these to
this opportunities Crestwood as year as into newly We well for completed and going acquired momentum year. to of additional the and assets throughout growth rest the provide year expect the next positive projects this
base, to expansion and growing optimization products projects returns for demand asset enhance our will that pursue our and We services. meet strategic the continue attractive existing and generate
our annual for returns first leverage Our maintaining financial please up to equity will and our concludes pursue with remarks. our position growth from committed reduction question.[Operator distribution will opportunities.
This flows be to Instructions] remain remains Tonet JPMorgan. we line the cash Jeremy growth rate, sufficient question open and continue prepared to balance strong, Operator, increasing First we targeted today which of
