Altus and for joining thank for Quarter Second us you Conference today afternoon, XXXX Good Call. Midstream's
which guided the noted performance to make to results and going forward. processing on we noteworthy expect that the metrics have news continue accomplishments continue we our quarter, As good will in year. contributed progress improved that pipeline release yesterday, very In the and gathering in issued to to the we've provide both venture for key joint businesses, benefits second we
this improved second realized apparent the service the our impacts decreased in The growth readily January, capital quarter. the in from have With substantially. and during Highway cash pipeline obligations positive higher earnings flows commencing Permian are
of volumes from Alpine dividend we end be positive. share, as declared High. and at consecutive processed our were month. Directors which per of next the the second new Board will another increased in Altus the We quarter paid are second at dividend flow X $X.XX online wells quarterly this Gathered And week, of June. cash quarter, distributed For first cash the brought
to conscientiously. financial for well, for operating annual improving months cost positive the periods, prior second remainder continue we while on year. of execute and performance other was X our an highlights safely board. with outlook first for to strong support guidance Compared to discipline our adjusted quarter the reflect the and and now business expectations the have XXXX We and maintaining Altus, very stable operating and I'll review. of across These our move the
February the or We incidents. have from lingering other weather no freeze-off impacts
credit that first use received upwards. the the for adjusted we fact, quarter power in In not has we did been
We continue monitor variants. and COVID-XX its to
are exposures demand potential the to impacts still JV performance. At material weather injury. of no pipeline Express first Gulf and both see business. and unplanned pandemic includes business, the activity year. Rockies. projects, no completion first pipeline minimize Oak without our the with exemplary for our X-day begin potential We gathering affects NGL This recovery from directly by remain yet quarter. performance. ESG in the were the have volumes operational the the the the do in In strong gas in Coast the team members pipeline, we processing are among from years not April, Shin incidents. Altus with now levels of Protocols rig natural In contractors significantly Highway, line continued and ethane recordable to for our distributions steady from and year place in impacts the team Cash to February. Flaring their persists releases completed half extreme While and additional working celebrated at down vehicle and prior our injuries for milestone an increase. forecast. increasing We X a up with intensity Improved of Permian event contributed to I'll to a experienced experienced forecast affecting products, we gas and the upside recognizing operations. our facilities. any Shifting hydrocarbon our Altus Basin and Permian
for benefit in in and at X-H the preserve people donations supported scientific Observatory team Other built Balmorhea at a has strong scholarships Diamond visit agricultural Reeves equipment technical communities initiatives fire supporting and and complex has research, students. Our cryogenic in Skies working included numerous staff students the the as colleges, live, community. of McDonald for for for area. well closely for This includes departments sponsorships who schools work this County ISD as and local relationship to and the other with year the attending Dark education
committed are preferred to partner. We being a
higher Moving these first to expectations. wells DUCs flowing wells the exceeding began the volumes X Gathered the to $XX,XXX and is from decline to that forecast pad. Altus' increased operations. High. from of system processed We X the entire and to weather-related Alpine de connect quarter. flattening are no May. gathered in year significant volumes be reported due Apache the were High Overall, Alpine performance approximately had downtime, our into cost for minimis, for at
than the expenses preceding For quarter, period. the consecutive lower Xth operating are
cash deserves XX% been on contributed the seeing well. was period. a for activity, higher for The in business made impressive least accomplishment, costs has model for team to year-over-year it performing track which recognition EBITDA is reduction. this adjusted We're Our Altus at increased as the by revising I Operating the financial note, we field as are strong the and are flows generated we a upwards. Ben to is we steady discuss being the to assets. of reason primary guidance call and over On business. protecting the turn This that our In our safely will the side execution field, stable are environment. operating
