I would guess you are correct that distribution increases will now be annual rather than when management feels they do not have 'better' uses. They have signed up for at least 5% annual increase as nearly all MLPs have done.
There are quite a few moving parts this quarter. I suspect Sand is very much correct that Granite Wash results will be better than management modeled. Lighter ngls prices maybe a negative depending how effectively management handle it. A positive should be continuing reduction or greater efficiency in drilling and handling costs as a % of production. Of course over all production will increase as well.
The analysts have kept to their public targets around $44 to $45. But not bold enough to change their buy ratings. Understandably so given all the changes in assets and limited visibility to the mix of production being generated by the GW effort. This will get the OLB camerals all worked up but it is a question of good, real good or happy happy.