morning, good and everyone. Kate, you, Thank
XXXX. remainder expectations and joining our Thank third report results the you us for for quarter of today discuss we as
our also related plan to XXXX discuss and will success the forward. put a We give preliminary ensure outlook going we execution to place in
market to our executed into segment. regular expectations effectively In third change severance financial our to seasonality related and when quarter, in we navigated in with the the results dynamics our cost you CEO take account line and a deliver Louisiana
full-year $XXX is the Adjusted to for $X.XX that in EBITDA quarter seasonal be uplift end netting into our fourth was forecasted the at cost XXXX. the guidance expected outlook million and higher of be severance the After is third to our billion. such our for adjusted adjusted XXXX fourth account EBITDA the expect low quarter we quarter, out of taking EBITDA of
we $XXX at service, From guidance $XXX all range across for capital to around expenditure in our third for invested assets And XXXX since of projects coming growth the standpoint, are XXXX, during million. growth now all a end low of million the major our in we of be our quarter. expect CapEx
our and in continue am team commodity to response have these natural of Oklahoma and flex moderation I to NGL market able response lower see growth and gas been to proud effectively platform how in the price to conditions. capital very We in producer backdrop our
quarter cash With significantly higher with of be we the to a and we combined base diversified growth flow XXXX. quarter flow capital cash cash positive strong this into free reduction our generated in flows, expect free in spending fourth and
cash generate growth forecasting compared XXXX, to will reduction which an spending approximate flow. in CapEx, capital to our to free year enable fiscal continue are we XX% For us as XXXX
execution the a of and and future, employees, and investors. is to the be we an Being closely our where clear back position financial around plan for CEO priorities where After our reconnect evaluation comprehensive want now our today aimed developed at business. in opportunity our with strengthening our three months, I have in role to the had customers we with have EnLink
take what is our is It simple. care excellent The of plan we philosophy already execution behind to have.
take We term. are profitability, committed to maximizing over to the advantage company while long the opportunities of asset current our platforms preparing
priority enhance executing the currently business. in we versus $XX execution to profitability to our same-store generate a million adjusted We plan plan. XXXX first of The is existing of on in EBITDA up can that our XXXX estimate by basis our
initiatives and number asset Mexico, margins have at of We are our Louisiana. utilization Texas, Oklahoma in targeted a New improving that and
keeping creating operations. efficiently on our new while focused to cost and are processes new capacity our all We full business throughout take on improving assets reducing and
term to plan position are is second producer long the priority customers of roster our in have active. Permian well-capitalized a capture very In and strong to EnLink opportunities. The execution we Basin, that
and opportunity today. The here when our up are alongside cost around very capacity. at our our high in then filling projects historically EnLink centered This us and platform assets customers, around what we've growing bolt-on real we achieved to more is doing for investing low is need similar return
growth key the demand Coast is driver strong Louisiana, in our about growth at to along platform, are we half opportunities Louisiana. the When set. opportunity across In our the Gulf look
with For to we Pass to Venture Calcasieu example, facility. LNG recently natural gas their announced Global transport an agreement
we term Gulf And yesterday, from long Northern markets an announced demand Coast agreement to latest entering rate. the our at will along attractive by a transport into natural natural win gas Louisiana we commercial whereby purchase gas
Oklahoma, the midstream we leading play. position in stack have the In
well we Our prices natural NGL benefit size leverage Oklahoma from when and in operational scale and available in have the great improve. gas and consolidation basin, position to us
well from another we play. have Texas, Shale in position consolidation benefit in which Barnett north the area midstream size our leading the midstream system, us scale In and to
selling in has currently acreage customer see been, planning in Barnett the the active while the their aren't it process in is some than could more new future. the and for of Devon we upside the we Devon Energy process is in position anchor Our if budgeting bar
presence. a back priority downstream see the our longer this main of increasing and bit Stepping thinking I term, objective as
towards future state more heavily a envision are and and we chain. throughout the right value the weighted whereby more are of now the value balanced end we processing chain gathering We midstream
leverage are one that We the only platform midstream asset into to downstream. the few of a companies has
execution third plan XX% in this strengthen step expenditures in our by to we lead will is growth respect cash approximately The key are financial program The position. to taking strong capital our to generation. strategy flow reduce XXXX priority with which is our a free
of capital forecasting gathering connects growth be most that well capital our on are lines. We with return spending range in the and to $XXX of million high million to deployed $XXX
of sub type capital usually results low risk multiple EBITDA cash, times is range. to in X the This and in quick an
leverage over time and target X unchanged, in times targets Our times of sub coverage the long-term continue and leverage facility remain to to coverage X.X where X.X we credit range.
service These bottom final Our meaningful in fourth number and beyond. that savings. centers driving efficiency lead administrative level have priority to we've and and safety. line and are positive identified and high There to general of cost XXXX organizational a pursuing and a direct will are a around initiatives initiatives of maintaining which customer our will while impact
As forward important for variables there picture and look big about the think to we XXXX, consider. are two
year producer determine process customers are priorities. for next capital working in their are they First, which currently allocation their to undergoing budgeting our
location certain in magnitude specifically and markets, and of remain commodity which producer constructive natural less the influence spending. areas, gas Second, NGLs, cadence,
XXXX. many less we XXXX activity experienced these through than on called in recognize, significantly of that what as be we you Oklahoma XXXX from have variables, could during Based out, there
million already sense $XX with a provide manage of realize to We necessary our opportunities are execution of and near estimate EBITDA XXXX. are expected number today acting business initiatives underway, we steps to urgency are to up of to significant during to the our A are positive which the strong taking of results generate term. in and effectively the which plan, adjusted
want you today. what here's hear But we to
XXXX know, February achieve added in by modest are control, all XXXX at in to updating can on priorities that we everything confident you on Given a our to the be EnLink that the our our In growth We based budget. adjusted with XXXX. are guidance outlook, for in taking we are will everything taking EBITDA stakeholders. comprehensive the we assure which in look forward compared we clarity execution detailed I and of look benefit meantime, you provided can producer we action
discuss I'll segment Ben asset now to more detail. turn it over our in to
