{
  "report_rows": [
    {
      "kpi": "Adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$1.500B vs. cons $1.468B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Permian inlet volumes",
      "prediction": "IN-LINE",
      "answer": "pred ~7,080 MMcf/d vs. cons 7,034 MMcf/d",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Fractionation volumes",
      "prediction": "IN-LINE",
      "answer": "pred ~1.245 MMBbl/d vs. cons 1.234 MMBbl/d",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Adjusted EBITDA (FY26)",
      "prediction": "LOWER",
      "answer": "guide ~$5.7-$5.9B; midpoint $5.80B vs. cons $5.867B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Marketing/optimization (H2 2026)",
      "prediction": "UNCHANGED",
      "answer": "reiterate opportunity, but narrower basis limits incremental upside; cons UNVERIFIED",
      "confidence": "LOW"
    },
    {
      "kpi": "Permian volume commentary (H2 2026)",
      "prediction": "UNCHANGED",
      "answer": "maintain low-double-digit growth framing; cons UNVERIFIED",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -1.0,
  "day1_confidence": "LOW",
  "day5_residual_pct": -3.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 implicit H2 EBITDA shortfall pressures estimates",
  "day5_confidence": "LOW"
}