Now beginning with a high-level overview of our financial performance. Distributable cash flow was $91.2 million during the second quarter, an increase of 10% compared to the second quarter of 2011. Adjusted EBITDA was $130.5 million, and segment operating income was $146.3 million. In July, we announced a second quarter distribution of $0.80 per common unit, an increase of over 14% compared to the second quarter of 2011 while maintaining a distribution coverage ratio of 1.03x.Now moving to the operational update, we continue to focus on expansion projects in rich gas resource plays, and throughout our discussion today, you'll hear how gas volumes continue to grow in our core areas. So let me begin with our Southwest business unit, which includes Texas and Oklahoma, and contributed 50% of our total segment operating income during the second quarter.
MarkWest Energy Partners, L.P. Management Discusses Q2 2012 Results - Earnings Call Transcript
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