good afternoon, you, Thank everyone. Michael, and
from quarter inclement in sequential weather second quarter. Our and primarily basis. from impacted due increased continued This by Wyoming, Delaware throughput gas which assets a first in the by throughput X% throughput on Utah increased the to negatively quarter Basin our were and was growth natural
throughput We equity increased our gas the from during also natural investments experienced quarter.
primarily to Our and liquids quarter our throughput increased X% natural growth from by gas first Utah, Basin. increased in throughput in continued due crude in assets the oil which a sequential weather negatively the quarter This throughput Delaware was impacted were inclement basis. and by on
experienced crude quarter. We throughput the oil investments our also increased equity from and NGLs during
basis, water X% a with due adjacent decreased curtailments quarter sequential Produced volume associated to mostly by activities throughput temporary on support producer development. to
not on Basin water NGL on natural sequential basis increased throughput increased would and a volumes gas reasons. quarter basis While sequential a for and have if oil quarter produced crude and above-mentioned the Delaware
of the quarter, to entering coming second due these I expectations XXXX below producer more initial issues were momentum primarily second in the will expect XXXX, our and our to into increases throughput half impact our discuss discussed detail We operational previously These shortly. expectations which do challenges.
our Mcf throughput Mcf gas primarily from This quarter. compared adjusted driven margin to and natural which gas $X.XX per increased was by as gross our margin to by Our per for our Utah, have Wyoming assets natural assets. lower-than-average compared decreased other assets the a prior in
slightly, second due to than margin assets, gas quarter expect all increased a assets. specifically third adjusted Mcf South and which gross to our compared other the We to equity throughput our from as primarily compared average have natural Mcf per quarter per lower our in Texas to gas margin investments, from natural decrease other
liquid compared the margin, due and quarter, our as NGL DJ from decreased by fee per oil lower barrel assets and the other than barrel a other throughput gross Basin, compared have demand revenue to gas margin and average and increased oil Utah, to for Our assets. assets adjusted which crude $X.XX in prior throughput in natural decreased to primarily per our crude
per from other other assets, throughput margin modestly in be gross than barrel to demand third to which adjusted and decreased and South to gas specifically due Basin. as the liquids expect lower natural the barrel quarter in increased the primarily assets fee from Texas, margin We the crude DJ oil lower-than-average our compared second revenue per a quarter, have
margin contracts. throughput adjusted produced barrel gross $X.XX quarter, on primarily per by to prior fee-based Our increased compared water assets our due to increased the certain for
line in gross We margin expect third quarter. the with second quarter be adjusted barrel in the our to per
was partners Adjusted quarter, second totaled other income first and was to slight During attributable primarily in EBITDA quarter. net expense million, operation the the to million. maintenance second taxes. higher property we limited which and decrease and This $XXX a the compared to generated due quarter of increased $XXX
investments adjusted increased growth our quarter, natural our and gas NGL the gross due by increased oil from continued mostly throughput in $XX equity crude Basin. Relative natural increased margin our from first Wyoming, and Utah gas distributions to assets Delaware throughput the to from million and and
margin less However, quarter Delaware second than initial were the in second expectations expectations. quarter, our into which our our initial coming increases below in Basin throughput gross resulted adjusted coming
sequential quarter increase in due operation expense, to expenses. and and a As primarily field our expected, experienced increased personnel level we maintenance utilities
higher expect maintenance expense second and to due higher prior expenses. in utility operation third Consistent years, we quarters and maintenance with the and trend our to
related and included at a finalization level our DJ quarter's on second property call, results in the reduction in a accrual As property the first other XXXX valorem the we to quarter, assessments Basin. tax last ad discussed taxes our the of as returned normalized to quarter
second and be our our results with assessments. taxes go-forward property subject expect finalizing in annual We quarter our quarterly other line to to
cash flow. to Turning
in we million. from second free of quarter, to $XXX of cash capital general totaled first perspective, proceeds of $X generating with first facility included our second revolving refinance $XXX to million, cash $XXX were enhanced outstanding operations which issued the distribution our on credit notes Our totaled corporate Free for liquidity at payment used and million provide which the the X.XX% purposes. quarter the flow quarter coupon, from senior million. flow beginning cash distribution after amount a markets a May, From flow
of our we third retire throughout the market a of average the proceeds of XX% at quarter were have to those into various and notes. note senior balance of continued transactions. remaining sheet. our extended trading $XXX maturities million an of senior strengthened maturities by portion net open have used that activities retired reduced senior we ratio notes million to-date duration of roughly quarter, These through of second additional to near-term These activities the years our year par net Additionally, have and approximately our an $XXX leverage one further XX
XX. second payable Finally, in per an distribution cash on as increased July XX declared July, unitholders August unit of $X.XXXX to quarter we of
Focusing products activity, we increase expect year-over-year on in basin-specific throughput three average Basin. the Delaware all still across to
expectations, at initial forecast. mentioned initial throughput caused our expectations throughput the operational a and this pace in growth quarter come primarily However, our due slower second below producer to that than will be challenges previously to producer revised
average last and offset natural decreases percentage on-load base year. year-over-year a expect crude throughput will activity levels decline to The gas natural Basin. still production DJ by and declines. We in producer oil steady will both be NGLs for be activity gas A the increased throughput similar
additional out to as in fourth For products a expect come expect modest for the online wells in third both and volumes both products, flatten increase quarter. quarter we the during see we declines to volume
are Keep a minimal to gas impact in changes these NGL EBITDA natural expected crude throughput due and oil projected demand revenues collect mind, the in in associated commitments. and minimum volume on fee efficiency have adjusted we our Basin with DJ and that to
Basin of throughput rate We Delaware for reduce produced XXXX slower expect expectations especially and the to natural a growth gas water. in
XXXX teens gas expected As upper percentage water. single natural to for XXXX we throughput a growth throughput, result growth when comparing now throughput digit for average produced and low average expect
and other impact NGLs digits specifically single oil offset natural and by decreased XXXX We throughput for crude for actuals. South expectations from Basin liquids low were Texas. both oil improved the throughput and investments crude in Keep as from the XXXX exclude our Delaware mind growth assets in Cactus remain growth unchanged forecast expect II our of that our to equity gas of expectations
range the guidance producer to $X.XX revising for as the experienced year. and mentioned, the we to Pivoting EBITDA a Michael billion $X.XX revised are expectations result producer adjusted of remainder guidance as of previously operational billion between be challenges second throughput our to quarter in
adjusted long-term associated either our we of service structures and are that expectations throughput cost stable minimum volume our commitments. initial are XXXX EBITDA contractual our declining though even However, or contain supported to expectations, still relative by
With equal, decline level cost of volume beginning being that XXXX said to at expectations. in our reset the expect an increased to and service we all else would due the rates of XXXX at
North Our to mid-May. capital and includes the guidance, remains our line $XXX announcement million Loving which in million Mentone plant III between expenditures in $XXX with for
Mentone As supply due XXXX, first chain primarily be to Train an vendor now quarter III update, during of specific we expect delays. the to operational
However, we as throughout still we budget the within any expect volume do project be this we expect period. and curtailments offloads have to secured not
with in revising We to range cash XXXX. billion free also our for million $X tempered be adjusted guidance are and $XXX EBITDA consistent flow between our expectations
July, in to for least our XX.X% Additionally we XXXX. $X.XXXX base increase full unit per to increased guidance distribution also announced unit with $X.XXXX in the at the year distribution per
distribution X.X times threshold net year-end remains enhanced with Our place XXXX. of in leverage for framework a
I Michael. that, back call over With now turn the will to
