Kate. Thank morning, everyone. you, Good
we Chairman. the As to of returning you CEO of maintaining role EnLink, announced I all am while serve yesterday that know, as
see Over the worked have given world that to management closely in Chairman, take strategy CEO energy as guide is growth months has board decided right the now EnLink's to the return time changed, advantage me The Directors as have Executive full and for sector. the the XX in advance last I and the opportunities team we with of to company. Board significant of time help I how and
helping would the has in know successful First, been that leadership Mike Mike EnLink be for role thank partner has endeavors. the his in past played future his it this continue today. and diversified a He Garberding in will EnLink. critical I of company that growing for company years close my to like XX into is to build I
and balance focusing to sheets through with buybacks capital. production growth moderating share on repurchases, returning producers as discipline, continues for with very am prioritizing defining and for for company. The our lead their price increases in dividend strengthening capital excited through and our to commodity shareholders industry and I to a volatility see capital forward, we what Going attractive time playbook access EnLink debt to evolve response to producers limited
relationships to and deep have new financial more opportunities. growth to opportunities to the more proactive are in those that required in capitalize resources today's deliver quickly less move solutions infrastructure best value needed means able capabilities win. are integrated means and opportunistic across are the the chain, and identifying will and have And needed. on customer competition Midstream that environment win companies that production and Lower are infrastructure less
customer to financial is experienced in be deep in the the time With compelling a to opportunities win. value. know significant this profile partner, a see long-term that a not our first it is to been the our And industry opportunities diversified won't how has strategic and investing adapt team we and strong uniquely relationships, to portfolio invest well GIP change last. committed before. into growth, to quality here environment to environment that positioned assets, turn this This we of We've differentiated is EnLink believe create high and
drive our the potential To Going near-term stakeholders. we and of action decisive have for set key take this, three along forward, business, out priorities growth value areas. create of will unlock our achieve to our all I
with connecting our deeply more customers. First,
market details to additional as our in sharing progress these you plan with and to sense EnLink strategic Second, the to forward And value GIP on on months our next urgency look with initiatives partnership of share. leg the weeks drive beyond. coming to creating grow for organization growth. a third, our leveraging of of XXXX activate the and energy as well I the of strategic
the to turning results. Now
Our financial our an in performance resilience cash of as flexibility diversity flows environment. evolving our our platform the business, of strength quarter the all second the of and operations, segments four in the and substantial demonstrated differentiated generated
Oklahoma activity. result as basis, see a moderated segments the North acquisition. the In driven Cajun Oklahoma, bolt-on flowing These Sibon weaker than return we by in are North Louisiana offset high year-to-day of solid in a producer projects performance On Permian. continuing outperformance Texas and our Texas III expected growth as drove and results, segments such and to
some was strong realize the continue now now benefit in expect to that half of this of we producer stable to year. Oklahoma And area than we And will a we that the of While expect activity growth, growth as second deferred. in slower anticipated. activity be the see Permian, we
producer million. which petroleum Oklahoma adjusted Star on a White $XX the During EBITDA EnLink, to quarter, impacted payment by approximately defaulted negatively
and of impact were coverage miss roughly flow the payment, line expectations. cash EBITDA, adjusted quarter our distributable Excluding with this in second distribution
our adjusting environment, are outlook Going this we for forward full evolving of the year. light and in operating
North of full primarily billion, well to $X.X in timing a result Texas updating in as Permian the guidance differed as producer year billion of activity $X.XX are and and moderating Basin. a default White our Star the We activity Oklahoma, adjusted the range to EBITDA of as producer
Our is capital with updated estimate $XXX align million range a $XXX This well net for original takes completions announcements into of to capital ENLC in growth revised of to XXXX the Oklahoma. during Permian first new estimate of within for quarter sequencing and outlook million. in overall range to our the narrowed expenditures account to project the
growth decisively reflects return capitalize to focus feedback opportunities drive allocation also that that investor will taking capital reflects high our a ability to going updated to range up value. strengthens environment. forward a on arise our on more this will to dynamic disciplined have shareholder received target and Finally, a This approach distribution actions is X%. in rate we of It and
the and As competitive business over we look to for to with pleased future, outperform position potential the our our we long-term. are
We premier asset platform have a large supply integrated key and basins spanning demand centers.
As accretive we with strategies, identify we're producers can so. to to to growing development and we to our bolt-on strong opportunities evolve will continue larger execute seek as cash confident with projects capture do urgency be and their flows growth generate acting incremental highly and scale share business market
our in year. confident We our the outlook ability to revised for are deliver
to year Louisiana volumes drive expected seasonally of III its as profit Texas is strong the in North contribution Oklahoma contribution year. expectations updated end utilization for volume remained to due the by natural sequential comes expected our and in And second full expectations. our outlook. two the asset increase Cajun second than greater half segment expected ramp initial operations to is gas a reflect higher half acquisition Midland quarters bolt-on in The of track the expansion online. Riptide on Sibon
we of in network continue all play gas growing strong region's asset Gulf the a Louisiana, existing, commodities. well for do to includes significant for LNG role that growth for opportunities. exports high-quality capacity term, and region to pipelines future are incremental so flexible, fueled We given our which bright available intend of Longer by demand with sizable a transport placed in see a and Coast to base
execute for highly financial of on long-term strength our export strengthen one on our two capitalize plant ability to similarly gas GIP, to to We enabled We which of enhanced opportunities a is adjusted recently facility be is its multiple proactive Venture signed a times flexibility, forward, we attractive focused manner. expected agreement incremental additional Louisiana. reflective more Pass our and intend between which by with platform. Calcasieu going in and further which on a high leveraging generate in to to new provide partnership natural identify transportation will This return is with our agreement opportunities Global EBITDA to by services precedent
performance over to Ben Lamb turn discuss I'll more call that, in each detail. With the segment's to
