Reports Q2 revenue $10.6B, consensus $12.86B. “We continue to advance our strategic initiatives and delivered solid second-quarter performance in a volatile macro environment,” said Willie Chiang, Chairman, CEO and President. “Our previously announced NGL divestiture is expected to close in the first quarter of 2026 and will improve our free cash durability, provide substantial financial flexibility and drive opportunities to streamline the business. Separately, we continue to execute on our bolt-on acquisition opportunity set by acquiring an incremental interest in the BridgeTex Pipeline joint venture, which further strengthens our Permian footprint. We remain well-positioned and highly focused on additional bolt-ons and optimizing our crude oil focused asset base in a capital disciplined manner while continuing to return cash to unitholders.”
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