If they do the walk like they've been doing the talk, the pre-market report and the attendant CC should be pretty good. But one never knows. (And why I've posted several times that the earnings rpt. and CC would be on Feb. 27 must mean I need new glasses. Sheesh! Apologies to those who assumed I was correct.)
Guessing they will manage numbers to guidance. Combination of organic growth, more oil production mix and cost reductions more than offsetting the drag from ethane and propane. I suspect the solution to 'hedging' ethane production will be to enter the processing business in some type of partnership.
If numbers do come in under expectations management has the options to make adjustments. Despite all the mindless OLB prattle around here it is possible cost inflation in operations which is the primary threat to operating margins. Due to industry efficiency gains and training the cost back drop is very favorible for LINE. Management did guide that they had made allowances and adjustments for further declines in light ngl
Good to keep in mind as well that the Ngas ETFs are down almost 17% in the last few months. So the price action in line could be and likely is industry sympathy
BUt we will see on the quarter report. As always acquisition means looks of new moving parts which are difficult to model. Good Fortune.