For the fourth quarter of 2025, Operating Earnings were also $111 million, or $1.08 per diluted share. Adjusted EBITDA for the quarter was $293 million. “As a result of our disciplined execution of a focused strategy, we achieved record results in 2025, with 17% year-over-year Adjusted EBITDA growth. It was a great team effort, and I want to thank each employee for their contribution,” said David Slater, Executive Chairman and CEO. “We successfully completed the integration of our Midwest pipelines and completed key organic growth projects ahead of schedule and on budget. We are very well positioned to serve the increasing demand across our footprint and continue our track record of premium, high-quality natural gas pipeline growth.”
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