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  "notes": "Includes a map of Permian NGL assets, a market share pie chart for the DJ Basin, and a sensitivity analysis for standalone valuation based on EBITDA multiples.",
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      "text": "DJ G&P rates can be ~2x greater than Permian G&P rates, allowing for high FCF generation despite lower growth",
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      "text": "Source: Company presentations, Elliott estimates and third-party energy market consultant views. 1) Based on current capacity... 2) Calculated as 2026E Midstream Adj. EBITDA...",
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