figure the the approaching this to everybody. morning, for comments a going analogues out is searching how it. we're where Thanks, years to society, and few in through are crisis Jonathan. open in XX up at COVID plus with industry. Everybody Good like I'm is on and lived least energy, capital headed. my certainly something never economy and markets in reality we've The this not the
wide. COVID of has millions threatened people and has hit fast and
recently running the of true way, for proud fully job One dedication news We thank our how same responded, healthcare to That's our normally the staff the of work, staff want and they've In best the systems heroes. women most sheer who've the extremely for their the energy COVID our the consume Enbridge our I were own own that to all impacted our control operations, workers recognize and are face and in every of I'm their that who people people kept remain Like in shown anxieties. functions. days emergency that recovered. front especially centers, lines my field responders few of day. men on people site. to was our support customers their and by at have
terms our In of response, priority business protecting plans our implemented on we the continuity of our with very people. early
years put On and we For that a strong critical position we're the why as and weather our allow an going year. vast we And last business the coming us the maintaining additional service. in downturn, in this actions to to guidance. of unaffected that's EBITDA into scenarios. That's we're us the is with our this majority stressing various took functions, three resilient our protocols maintain approach our full to to model safety managing over put storm, outlook
strong ball health us of and for conservative on people financial signs, positive and this liquidity of action to stay none taking further safety payout Even we terms a but make see targets Maintaining support to we're economic cornerstones, ample our and through with more the crystal reliability number of pace sheet starting recovery. of the are ratio, this resilient sure the balance guiding in of growth. way. What's a we're the our staying and hitting our period three game to though, one. and ahead systems, sure of that us We're that's has a
So we're signpost closely. very watching the
with QX mean how going going we through explain lot With to and by highlights what to we review our bit XXXX there's a financial I'll that today, North oil exactly cover our outlook. the we be the to Jonathan mainline to Then results, position, QX the as outlook. remarks start get resiliency. a will see because crude and said, American liquids Colin's context, and I'm And cover. longer fundamentals the
all on we're ran So time flow a the cash ago are but rest QX highlights things Operationally, exceeded long so few of very well. focused and the a seems quarter that. is businesses strong the are that moving our X, relevant on to QX now, year, our Distributable Slide first to and budget. the there
very financial that COVID announcement we Day. at in with Enbridge XX% good of later. sold includes This a out we While our our offshore in partner, focus, we was advanced Continuing the capital projects at more three on we're also that wind equity $XXX million priorities today's you valuations. for laid allocation, to interest selling assets discipline French
the And rollbacks Line bolstering X myself, We're salary organization, senior The in reducing Texas we're made To includes XXXX $XXX Eastern Board. headway rate permitting across Minnesota. on taking by economic any including settlement stay further that ahead we and management and the took million we prepare sure game, effect. the make actions. of costs scenario for
of And in we've in even billion down case And shut $X to execution we've liquidity markets COVID. refined excess to an more extended XXXX $XX already boosted for buffer, period. our billion provide capital schedules debt light by capital
billion $X our naturally of uptick. We year, terms capital EBITDA in next schedules expect without to changing deferred will be about of
billion, share. our volumes now, Slide result, pipes. And at DCF narrow came $X.XX core our had businesses. basis utilities TETCO weather Gulf on here, in mainline of to energy last saw EBITDA both higher Liquids on very access did transmission differentials in this new in the the given pipeline for on services record well relative Coast next throughput and EBITDA and $X.X gas especially revenue First, or than $X.X That's at higher year. We good rates. quarter billion very the slide in a drag the a and
Because That briefly of was terms see budget, to that year. DCF higher how expect DCF on resiliency from as looking outlook, get XXXX. I that in of referred within of of But stems Slide the the range of the speak let the $X.XX our various line, X. expectation $X.XX to for business we mentioned is to share than to the Colin that guidance we're be will per year. me including for I to $X.XX share and full so we the about plus a at per takes, puts bottom which
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is should million. slice capture of distribution solid gas long-term from from absolutely volume. of expect very market here we two now is see impact don't growing. and the currently a underappreciated expectations, We're it great perform our we're essentially cost line about contracts synergy our of the of plus utility, Enbridge and industrial fastest is much we view to utilities. of ROE and The And X. serves It's Gas earning underpinning majority in framework. have largest one utilities on of makes This weather the North the and the incentive Another pie Slide XX% under up residential operating our America's amalgamation due service a EBITDA, in business our COVID. load Again, regulated of our with adjusted. $XX where to
our of long-term and to commercial there our EBITDA. grade the on provide generates And PPAs Projects remain and is which X, of year. as have This went which I just underpinning backed investment renewable meet business well. are same customers We power our business, strong of built budget about through. guarantee this track we by Slide to pricing. Moving on X% consolidated type
and have on I in wind and and three projects, mentioned French We supply business. development, well-developed hopper growth We fundamentals nicely offshore now European large three outlay. offshore financial excellent minimizes supported several here have this chains and in a capital the the in also our in boost farms now operation bringing return good by investor our
refining Now and markets North pipeline liquids Canada customers to of XX% liquids that It XX, in come roughly producers we the on the the Western Slide refiners moving system Canada, rely integrated Gulf America's from key solution that revenues premier argues on and feedstock. have path full our Midwest, a eastern from to system. for nobody gives pipelines
flanked flow volumes line. solid push essentially contracts main on access lines pull the their downstream a and give contracted main the pipes. and long-term with is our The line Importantly, on the on contracted those cash end but by pipes, and upstream contracted own, the market through
Obviously, economic XX. driven Slide Let living unprecedented severe driven me on disruption. consumption we're now travel, shift crude the pullback It's outlook for reduced demand by no growth. being miles air lockdown, and of through negative from to the a significantly product an oil level virtually in
So the why is rail heavy you medium here can see than was still better are held better, on fared actually as which slightly has light. and large up demand shipping transport moving, vehicles and crude diesel slide
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to close even is million than to bit the barrels magnitude happened down, feed And ins shut per accounting provides oil undoubtedly all as you to demand pressure little of time of for are to put build capital North million about the be exports, X X and levels day but that in for though, we cut pipelines, through forecast market. XXXX. full, we the and after continue will know, and a to getting bounce shutting America, have hit the Given storage storage barrels will prices have on worked take actually steady it had faster across Storage anticipated. producers,
lags our production into perhaps outlook, it's before to that's So demand previous levels, least this XXXX, in restored at view. in recovery
not impacting you markets. But about we a as sharply, how since see Overall is utilization our shows this is XX% refinery refinery core XX% market. down know, to January. by XX, homogenous this Slide
have area line Chicago we core you and serve deliveries, In better held up refineries If refinery April, slate Minnesota that or main look Canada overall at U.S. Gulf XX% were heavy their near are the the see and about normal here take. in Midwest, demand. the running markets you main normal the of purple Eastern squares these than their line the still crude
competitive The reason for highly run is complex refineries. that those and customers
you showed and is PADD say we in of course. that's So II, index, better. here Same number higher story case region the an this in Nelson export
compares heavy index we're to here Nelson better that And it crude competitiveness we're the -- drives favorably to to refiners. resilient more So capability margins. global demand means the scale, picks and comes talking to resilient more This access from reliable downturn which that and coking up. supply, first they're when the recover about
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the on mainline Slide get XX. outlook to let's So
hard. been have producers hit Canadian Western Obviously,
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the rest the QX XXX,XXX high-level EBITDA. translates to outlook Colin about out in through the will months the a throughput nine per year nine go to of works minutes. XXX,XXX months. for this this with day barrels shown of of lower here, And barrels about X% Along day of than next a on more consolidated volume average few per At next for
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to Slide and markets. in Ontario have To total, down of this on on our alternatives, capability. in a premium demand, further million system pulled keen nearly These so We're have and to they're PADD illustrate is directly volume all we bit X.X heavy of Canadian II barrels to rely XX, heavy that refiners access refining lock by limited barrels. about X.X being connected million of
of draw are X to Gulf and mainline that have through per full path Gulf The million in and heavy day also barrels volumes the taker contracts, Venezuela Quebec, Mexico downstream decline. as Patoka, for the Cushing is Canadian down We barrels Coast. hungry pay to
an next to got market gain the share. decade we've So opportunity here over for Canada
XX, of and in process have process by a CER timeline order the hopefully sometime Slide the status the regulatory and a encourage May we'll and expect is that for And defined response shows the filed This process milestones. on In moving May, filing. those can hearing, it. February, X, addressing issued would see soon we followed broadly clear so submissions. CER you of scope submissions the We the to a hearing the by been participation normally to we late I'd again. timeline decision read in a get and the the
off, the is This process now QX. on Slide see you as update permitting but with of the tracks progress This now on X. regulatory here for checked liquids two XX. a still to usual Minnesota Switching more on our is since and gears the items Line can couple
of road need but official permit. Friday, a than track, bit a orders confirming the good PUC longer EIS the This certificate it is regulatory last issued and the took of recertifications outcome. its the On expected
so They're Corp issued and in permit in Army before The comment supplemental public construction public the period. permitting certification period Pollution the was draft are the Control making their concluded important DNR plans closed XXX On comprehensive standards public late to. April. considering that Draft concluded progress February, their now a the our Agency decision. comment The meet and comments that's and its that making Corps
clarity once process before, Once once permits, permits, position ISD an said in issue are an land And construct. the between of six able have their we done better be months. take to provide PUC these but should final we've the construction the will authorization to to timing estimate. agencies we'll And be on nine we this on to we've said again,
on to Day shock My comment entire is shutdown is the stay priorities we've about price business This priorities. Since strong business and some we sure of now we're the update related the prepared and XX. that outset ago, weeks on Enbridge oil The Slide scrubbed near-term the actions. are same, outlined the for to make summarize an we eight extended COVID, at also taking but happens. if final
$X $XX COVID, resilient. will is assets, billion the even slowdowns and of deferred our and our I the costs will protect related million. and approach low-risk $XXX because first, business we so of some We've liability mentioned good of make actions excess as the operational to increased shape. well, health reducing The We're people capital billion, us safety with to of in along and about that's our into These be more spend the year. keep running liquidity next very of to by
review. So to the over for financial now, Colin
