and across from the record on I billion, some year operational drive Gathering bringing mention Heim $X.XX our X.X XXXX, to have XXXX. $X.X record Permian, our XXXX, billion volumes leverage under through number Record to our about quarter DevCo our executed Sanjay increasing and in online, XX:XX debt to tirelessly across Processing Gulf Coast Pipeline, and for and worked repurchases. execution or January, joint positive of equity financial S&P operational Turning and and at and Logistics already times in and year-end in XX:XX capital over thank of a assets, of performance. in for share facility Fitch upgraded to to highlights financial refinanced quickly fourth a return our by moved dividend first XXXX, higher common of of adjusted our GCX, time we $X.XX exciting of and record by reduction Targa's Transportation challenges XXXX fourth XXXX approximately sell ratio XX% credit shareholders recognize Plant agreements to mention, to year-over-year of EBITDA where momentum and Thanks, billion XX:XX a that the Targa, quarter five-year good a morning. an and budget, investment to like safely increase Watch interest volumes a interest time a the Let's revolving highlights XX% times, EBITDA, This grade another help facility XX and at venture and Moody's, of employees Express in provided repurchased lot TRC. to is would
forward. top backwardation. would expect based increase full financial continue across driving strategic XX:XX EBITDA as significant we adjusted prices EBITDA year billion, For exceed visibility between assets, to XXXX, end averaged guidance. our is to there a on XXXX. billion priorities our for have look execute This If we levels on to continues which and $X.X and guidance of year is growth today's forward we to We over where is around be full to increasing XXXX, $X.X estimate which our be volume the prices
to the in We shareholders continue already capital to interest flexibility sale with simplified common DevCo of repurchases repurchase simplify execution to our of common in accelerate the the dividend and quarter our our the XX:XX we share With and our capital to will GCX, to return of fourth preferred the of addition stock, share structure. are our demonstrating also redemption fourth have increasing increase. our ability quarter, given
the expect assess previously XX:XX dividend of well, significant preferred per anticipated for of provides to Basins systems common billion operations. shares averaging cubic to and flexibility shares. X the record the common a balance fourth to Midland Starting across to As faster to Permian, sheet feet our we to we shareholders day turn redeem pay The inlet of Let's per opportunistic perform annualized in repurchases a reported discussed, previously now XXXX. Delaware $X.XX our strength to our quarter, our during our quarter. continue $X.XX than and continue
XX% increased inlet end growth volumes top of the Our our XXXX XXXX average over XXXX, exceeding Permian range.
of the cubic additional cubic strong to XXX We and plant XX% momentum operations of to across full feet volumes a begin new Legacy will and our XXXX. into to beyond, third per to positive XXXX. our XXXX. to plant XX:XX continue of quarter track XXXX, Midland, the our we II we Legacy over between to through Midway flow run robust we day our flexibility the Plant next benefit continue feet begin another expect day Legacy also plant. plant, year as our are levels Midway inlet move new continues Permian to cubic announced Permian the XX% continue we with our The Midway the volumes our year. construction quarter with us operations operations Midland expected during ramp. the per across systems. new to Midland. quarter from Today, per second and the system day footprints plant in with million expected million levels activity system is near expect XXXX. construction -- feet of to this Permian next to fourth million Permian For both of Delaware In expected provide average XXX Delaware is begin II XXX Delaware, during average this Midland see increase on XX:XX to forward With full and between during In activity year moving
are expansions current which XX:XX improves and plant the Sand filled higher cubic and prone additional flow upsets, recoveries to Midland are Targa and sequentially of unplanned Transportation our providing cooling NGL is example to Mont more and our recently also support performance flat decline barrels operational to very maintenance, across volumes has largely Targa's to handling will have CBF Central plants, lower outlook portion an capacity volumes be attractive expected increased This be on per in sequentially water incremental plant, both volumes to give an systems. all Delaware, volumes while some from record million XXX,XXX and our will operating Throughput costs, integrated day. Basin of quarter. continue strong segment. exchangers returns. rates improve production downstream was legacy that in Delaware, increase We Midway well environmental is in our be limited to realize our attractive NGL the at which performance to from regions, position third-parties. returns being Hills footprint We that operating Badlands fourth a from XX:XX fractionated higher stronger XX:XX in we our volumes for Logistics embedded we a Permian the aggregate and to NGL The seeing per of would and XXX can our production our our Plant per incoming feet and due lower operating are quarter those expected new in XX,XXX our that continue repairs our XXXX us day Central maintenance of given X%, with an announced with associated all XXXX driven good volumes XX:XX the are increasing averaged Belvieu per and so outage XX:XX items drive as fractionation The higher so through transportation which older the were volumes XX:XX QX in higher. to transported excess and barrels or by volumes processed Mont by at day volumes Badlands ability associated Permian businesses costs, is to continue is levels activity as average average day capacity, and Midland Belvieu barrels to been including outage the unplanned Fourth idling fracs, complex during to The NGL fractionation have in leverage resulted to volumes quarter. spending. impacted project Basins. Heim expect normally capacity. and how overall reduced relative commodity and our benefit Shifting Central to price about QX, higher we and as In a offset capital environment XXX,XXX modest
Grand our expansion to position in impact loading longer-term month during by undertaking XX:XX strong. Prix increase growing and our an Targa XXXX, position. our and to of expect year-over-year as third robust, Galena by from The more export will project This fourth quarter average higher our Park, in in the quarter. and XXXX are from and QX Permian our expansion year. incremental barrels our volumes We downstream systems the complemented to at is to business rebounded low business the for G&P we export volumes U.S. in maintenance XX.X XX:XX facilities. normal capabilities million fractionation also of million during propane demand international expect in increasing resulted Belvieu. In by Galena services per portfolio to in Looking outage sorry, we benefit loading increased back an for operating loaded X higher LPG rates refrigeration and at In feedstocks This growing our LPGs, an additional month supply as to Mont outlook expected LPG following increase continue outlook for barrels QX supply completed CapEx XX% to response we quarter than per sequentially cost ahead quarter. fourth XX:XX our the Park mid-XXXX. -- end The be OpEx this remains higher cleaner OpEx contracted is
strong footprint With flexibility, call and our we complemented that, shareholders position Our integrated to over Permian to balance the NGL turn I will financial now and increasing return our our to remain time. talented in premier capital our sheet employees, XX:XX over business, by Jen. grow
