Strong Start in 2025
Reaffirmed 2025 adjusted EBITDA guidance range and 2026 early outlook range. Executing on a $2.3 billion organic growth project backlog.
Pipeline Segment Performance
Pipeline segment results were $39 million higher than the fourth quarter of 2024, with a full quarter contribution from acquired interstate pipelines.
Growth in Haynesville Volumes
Total gathering volumes in Haynesville increased, averaging 1.67 Bcf per day, driven by new volumes and return of offline production.
Positive Long-Term Market Outlook
Total U.S. natural gas supply and demand expected to grow by approximately 19 Bcf per day through 2030, with strong demand from LNG exports and data center power generation.
Strong Financial Position
Adjusted EBITDA of $280 million, a $45 million increase from the prior quarter. Investment-grade with Fitch, positive outlook with Moody's and S&P.
Dividend Commitment
Board of Directors approved a first-quarter dividend of $0.82 per share, with a commitment to grow the dividend 5% to 7% per year.