Commodity PricingDue to weaker than expected 2Q25 pricing, AR reduced its annual C3+ NGL realized price guidance by 25.0% to a premium of $1.00-$2.00/bbl.
Earnings ImpactLower average realized commodity prices and higher operating expenses are expected to impact earnings per share estimates.
Market DisruptionsWeaker realizations over the quarter stemmed from the inability to fully access premium Tier 1 markets due to maintenance at TGP 500L, which was a temporary disruption.