| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 6, 2026 | 8/12 | 3 medium, 3 low flags | 1 | 0 | Call sheet → |
| Q1'26 | May 7, 2026 | 11/12 | 6 low flags | 6 | 0 | Call sheet → |
| Q4'25 | February 19, 2026 | 11/12 | 2 medium, 4 low flags | 5 | 0 | Call sheet → |
| Q3'25 | November 5, 2025 | 11/12 | 2 medium, 4 low flags | 5 | 1 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | Roadrunner III and Copperhead II expected to begin service Q1 2028 Reaffirmed as on track per previously announced schedule; deadline far in the future. |
| Q2'26 | Pending | Speedway NGL pipeline on track for Q3 2027 Reaffirmed on track; deadline not yet reached. |
| Q2'26 | Pending | Blackcomb in service Q4 2026 and Traverse mid-2027 Both reaffirmed on track; deadlines have not yet passed. |
| Q2'26 | Pending | FY2026 adjusted EBITDA guidance of $5.7-5.9 billion Range reaffirmed, now guiding to the top end rather than raising the range itself; year not complete, this is a revision not a delivery. |
| Q2'26 | Pending | FY2026 net growth capital of approximately $4.5 billion Reaffirmed unchanged for 2026; full year not complete. |
| Q2'26 | Pending | Low double-digit Permian volume growth estimate for 2026 Fiscal year not complete; management now says growth is 'tracking higher' than February expectations but did not restate a specific growth percentage on this call. |
| Q2'26 | Exceeded | East Driver plant remains on track to begin operations in the third quarter of 2026 Began service late in Q2 2026, ahead of the Q3 2026 target. |
| Q1'26 | Pending | Blackcomb pipeline in service Q4 2026 Reaffirmed Q4 2026 timeline for Permian egress relief |
| Q1'26 | Delivered | Train 11 fractionator to begin operations early Q2 Train 11 began operations early in Q2 2026 |
| Q1'26 | Delivered | Delaware Express NGL pipeline startup Currently in startup as of Q1 2026 |
| Q1'26 | Exceeded | Adjusted EBITDA between $5.4B-$5.6B for 2026 Raised guidance to $5.7B-$5.9B, $300M increase |
| Q1'26 | Delivered | Low double-digit Permian volume growth for 2026 Reaffirmed guidance and on track through 4 months despite shut-ins |
| Q1'26 | Pending | East Driver plant on track for Q3 2026 Reaffirmed Q3 2026 timeline |
| Q1'26 | Exceeded | East Pembrook plant scheduled for Q2 2026 East Pembrook began service early at end of Q1, ahead of Q2 schedule |
| Q1'26 | Delivered | Falcon 2 plant expected to come online ahead of schedule in Q1 2026 Falcon 2 came online in Q1 as promised, ahead of original schedule |
| Q4'25 | Pending | Delaware Express, Train 11, Train 12, LPG export expansion on track All projects confirmed on track for stated timelines |
| Q4'25 | Delivered | Growth capital of approximately $3.3B in 2025 Invested approximately $3.3B as guided |
| Q4'25 | Delivered | Plants will be much needed at startup Pembrook II and Bull Moose II came online at high utilization |
| Q4'25 | Delivered | 2026 as another year of strong low double-digit growth Maintained exact same guidance language |
| Q4'25 | Exceeded | At least 10% growth in Permian volumes for 2025 Delivered 11% Permian growth |
| Q4'25 | Exceeded | Full year 2025 adjusted EBITDA around top end of $4.65B-$4.85B range Delivered $4.96B, above the top end |
| Q3'25 | Pending | Strong low double-digit growth in 2026 Reaffirmed 2026 growth expectations based on current visibility |
| Q3'25 | Missed | 2025 net growth capex approximately $3.0B Now $3.3B due to additional projects - $300M increase |
| Q3'25 | Delivered | Train 11 fractionator Q2 2026 completion Expected complete in Q2 2026 as promised |
| Q3'25 | Delivered | Delaware Express NGL pipeline Q2 2026 completion Remains on track for Q2 2026 timeline |
| Q3'25 | Delivered | Bull Moose II plant operations in Q4 2025 Commenced operations in October, ahead of schedule |
| Q3'25 | Delivered | Pembrook II plant online during Q3 2025 Plant came online and 'running at high utilization' |
| Q3'25 | Exceeded | Full year 2025 adjusted EBITDA in range of $4.65B to $4.85B Now expect 'around the top end' - upgraded guidance |
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