to and announcement. targeting areas, additional progressing a Thanks, Roy. us. third afternoon, of today's sales are of buyback portion positive joining of summary providing in results highlights our including: you our Hello, more A guidance, thank which of X, asset which solid cash progress discuss flow X which provided reported from to or our shift call of detail $XXX executing an and in all segments, Al number sales, leads during free his for quarter operating on XXXX raising reflects today's we will XXXX This in everyone, more our the Slide preliminary call. million asset guidance, noncore
are X, enter on in momentum our A XXXX. call, highlight these few which messages we for Slide today's of key positive replicated summarized as
flow after free distributions. our our we're transition way on to in well cash positive First,
our integrated highlight the value Second, our to year-to-date of model. business continues performance
initiatives. to Third, outlook, a us successfully million we result of value to balanced continue execute execute allowing we to key to plan progress equity maximizing a buyback our reduce continue we each our have leverage a announced manner, in $XXX of shareholders. And as our that program to while across and
elaborate me further. an a Let reached cash annual with inflection We've forward, after each an on of point we flow going where on generate these to bit points basis. flow. expect free Starting cash distributions meaningful free
to or expect sales As illustrated X, over distributions roughly $XXX cash of including $XXX additional after our Slide on $XXX million XXXX. targeting we in million flow total plus we're when asset XXXX free million
for minus XXXX EBITDA $X.X is preliminary adjusted Our billion. plus guidance or
our asset intend Logistics Supply includes XXXX provide guidance sales We targeted estimated for from This formal the segment. impact a contribution and earnings and our our million on February $XX of assumes to call.
Regarding results our Slide a X, our very and year. shown despite as performed has challenging XXXX well on year-to-date business
furnished our which This line in $X.XXX XXXX guidance above our February EBITDA August in most full year initial to guidance. with we full adjusted and increased XXXX million afternoon, is billion, that guidance we $XX pre-COVID XXXX is the year recent now
margin-based These base. And forecast, asset our extensive value periods model. the we highlight our business opportunities of through have to challenging integrated volatility results while ability the demonstrated of capture our during
also long-time move a enhances on additional meaningful our our model, over horizon. ability and volumes system to committed term integrated Our supply position acreage
as to with our brings term supply to rationalize additional illustrated and infrastructure increase and we in and peers you in Permian As the customers, is on see work which environment a case capacity. can and we optimize point believe table the current position, acreage in and our Slide value the highly X, significant partners strategic as
a representing have long-term dedications we business X, long-haul by and lease the systems our pipelines, push a and complemented of long-haul supply are of further contractual combination gathering to underpinned of of Slide on summarized MVCs long-term lease average terminals. support pipelines. as are by strong Included integration of third-party the supply Additionally, These summary demand-pull a and on key and our third-party remaining systems contracts. strong with underpinning hub term these slide is our portfolio
we've addition variety additional continue execute will in continued lease insurance of initiatives, a number supply of across the our to X. key an utilized market which In our of are MVCs, conditions. us our a on be pipelines provides termed-up to level Throughout that year, recapped Slide to
both field and embracing warrant. social protocols offices, reliably, distancing the in remotely We COVID and working conditions the continue safely and operate in to as
want acknowledge driving to their environmental metrics. our year-to-date all evident is dedication hard work thank safety team and of continuous and and for performance PAA our I to which through improvement members
As squarely reducing as flow, minimizing cash on discussed previously will Al and leverage further, we capital discuss free are maximizing and increasing returns. focused shareholder investment
on of Angeles closed proceeds our sale generating sales on year-to-date Los $XXX the our Regarding brings from optimization, million, approximately portfolio approximately proceeds of terminals, XX, million. $XXX we which asset October to
with our Canada. strategic IPL our complex that NGL Empress announced reinforces Inter asset in asset swap Pipeline we Additionally, a position at
efficiencies potential to meaningful sale cost our target. We've opportunities all of solid million made for progress upside efforts to additional have $XXX and asset and our our advance established as drive additional and XXXX aspects asset continue we've target across with business, also to streamline savings. sales We an in the this realized
advance years. our time, are savings a should or through high XX of the Slides on of XX we've At Highlights We summarized million. cost progress presentation. of of that our fixed today's $XXX slide estimated million previously of year currently our $XX end million range to to continued in to more expect same future $XXX endure realize initiatives. This sustainability exceeds cost savings the
over Before a I couple that turn topical. I'd currently Al, are the on other like touch call of to matters to
create Plains regarding bring a in those could headwinds particularly of We for could for it the administration election, recognize ground. the our long-term thoughts XX appendix our Slide that the is for industry pipe potential in First, some outlines of of tomorrow's change change benefits, and potential also in outlook with the the administration. of regardless the a outcome constructive. however,
to an energy sources an and also energy be will respect supply. the addition we believe remain of will of hydrocarbons to will will meeting energy needs. alternative important and But that grow with needed an decades firmly global transition, believe to we global energy part Additionally, integral for be continue
shale global not a recovery constructive Slide illustrated which oil production, and a teams' XX, in position question scope when prices, of system, drive environment. such As the our Plains production location, of believe return with on onshore capabilities demand North higher levels our time if, an over and should American sustainable integrated favorably key in basins. The and flexibility we matched is of of
which well impacted are through benefit demand manage the environment In recovers significant positioned our entire short, this negative to as the to levels investor including that ascribe investment over value of the time. In sentiment securities, we current equity business. to We sector, continue provides at and markets, believe value minimal durability we current opportunity. energy has a trade regards our believe long-term to
constructive initiatives For we progress our repurchase multiple common equity longer-term key $XXX across million today that and our a reason, outlook, program. considering announced and
plan allocate the after balance leverage. distributions to cash XXXX, I'll reduce $XX to over to we up up will a buybacks used with XXXX and a XX% With of the in Al. million to in approach buybacks flow take being to Al to discuss As very call to further, that, balanced and free turn
