Dividend PolicyThe company is suspending its dividend indefinitely, aligning with expectations, though significantly lower than consensus expectations of just a 34% cut.
EBITDA GuidanceEBITDA guidance issued through 2026 is largely flat after accounting for the expected sale of Meade Pipeline.
Investor Base And Stock PerformanceThe stock has traded down 34% since the update, at least partially driven by a shakeout of the investor base as yield investors exit.
Strategic ReviewThe strategic review fell short of a resolution that could clearly articulate the value proposition for equity investors going forward.