allocation. primary Thank financial you, I'll differentials, four pricing metrics, summary Today discuss capital and hedging, Kevin. and topics;
of pricing derivatives, $XX loss of First, we million a loss million in million, guidance. a $XX unrealized to high-end in driven derivative of by numbers $XX.X loss, realized million We're includes $X the reran of reporting few performed of CapEx today, and future production the If across the which with loss strip the We settlements the quarter well metrics. changes of costs that would at board lower. financial X/XX. summary guidance within low-end as net for and be a at guidance, owing
with of For month million. period, of the six we're operating income million income reporting $XX net $XX
for per also business go in Boe that XXXX. EBITDAX quarter-over-quarter margin or increased derivatives. XX% $XX.X Boe increased figure months to would Adjusted our as cash an Relative to $XXX to for to to other $XX.X fortunate before per to $XX XX% in industries, participate After to backwardation $XX. potential is the Our margin as quarter-over-quarter derivatives, cash to roll first million. a increasing not one And see year. the for dramatically us -- which million annualizing Simply actively represent our is quarter is hedge. could million of believe but five are managing, months line costs for well-positioned able are headwind, pricing position off six exceed prices. we than and remaining and we hedge fiscal of more unique correspond we six-month top which we inflationary in that the Rising our that offset the our
course, free for generation. less quarter million. cash performance. the ultimate potential will hypothetically of them on Of if or the our rate hedging you $XX cash $XX we're consider was can of for future an million flow idea run pricing period you was And appreciate settlements cash results flow hedged, when and negative million ignore $XX depend Operating and
realized area, $XX This hedge was offer our market the other We a improved XX% like losses on realized our out slightly to a and in prior approximately WTI the Permian barrels relative to Midland price positive mix for slight than differential the with heavier, oil prices experience barrel representing slightly differentials higher as commodity Next, be deducts, small derivatives confusing refiners coming volumes. very of sour modest discounts a to pricing, our was combination bit and lower some Adding often XX% our additional in Delaware realized after by $XX.XX, basins. this can higher quarter. quarter. hedging the net to driven barrel, per $XX.XX, basis and of barrels for price Quarter-over-quarter, as observers. premiums I'll color basis fee some or light of
our by but gas, in about realized not net to natural higher declined $X.XX, prior was Index price $X.XX, deduct $X.XX quarter, than dissimilar quarters. the about diff quarter. last For negative Basis lower past was XX% price a quarter-over-quarter.
shipped Our discount west, Henry experiencing less generally Permian. north than and south gas less far turn hub. via EP and is generally to in And congestion our
leading $X.XX, after derivatives. to about $X.XX $X.XX were fees processing derivatives net and Our a before
barrel market composite For NGLs, the price $XX. our for garnered
probably I last the NGL about prior have just industry estimating the $XX WTI, see be that against to net closer year. processing last observers financials. This to still we apply per quarter approximately gathering quarter the norm but quarter quarter. XX%, floating no experienced were price and XX% being was $XX.XX shortcut NGL our flat the Many with levels and WTI, an at aberration than likely yielding $X of will $X.XX this at an fee This fees quarter less than hedging And and you WTI, NGLs. barrel, to in more last note about was than on relative higher this quarter higher
onto moving So, hedging.
equitation decreased our few level achieved evolved, ago, demand in As the the hedging, among credit which other and in leverage, facility to reasons minimum changing include fundamentals, decision-making. greater which strategy have steep allows supply markets. discussed amendment our previously, discretion we with and a And for weeks of hedge pricing has lower
objectives hedging to prices. manage balanced very an exposure for effort are to low with maintain changing flexibility, upside maximize Our risk the and environments to to react
of production lock-in our seeking costs operating which to at as that or hedged an of remainder the other we're is forecasted XXXX the And approximately good amendment. with way, costs new no low made taxes production, increased with XX% fiscal under commodity can tied change include updated prices, since the fiscal prices. in not XX perceived off, to $X in for prices. per roll cash with than we facility commodity credit cover response $XX for hedge to position estimate Boe, very Slide hedged cash quarter, We've we requirements XXXX. to last by are the no our XX% faced presentation for just We
million Moving on will which on tandem cash in capital from periods was flow just the to development $XX The change Cash this million with off of credit million and cash million. new based base of Total nearly of includes the $XXX $XX $XX cash of allocation. liquidity, fluctuate quarter-end cash amended with flow offset under and $XX was million That operations, and at in by facility, inclusive $XX of revolver facility was for components credit quarter our which $X.X million. corresponds investing activities. XX% million million activity on $XX $X million, a million flow flow to balance Free reflecting for over The our pace, activity. net includes million $XXX cash credit for the on and availability. is payment undrawn borrowing facility. on latter which Free dividends. a financing $X of
these quarters has modestly but We a weeks possibility. development. That's the potential which work to have way accrued balance a rise CapEx with the as continued given, next some not same last our and we revolver through today, active certainly six
volatility, a allocation. the quarter, least cash balance, benefits receipts see reduce given to in currently subsequent we to opportunity activity, we based pricing versus swings larger hedging balance, For higher and etcetera. on maintaining current at payments, revenue Though, the capital see generally
these or ventures, for we allocation they in Many amounts to larger growth company. more is investors have offset optionality today's to production production a reinvesting debt given looking last of cash paying capital it for and/or primarily return environment, investing from positions. smaller in applicable disrupting down directly should pressures an form include global the on however, understandable new cycle respect less as believe a to assets poor returns forward. Okay. and allocation choices in Permian, Riley which supply about capital further, At one if We and believe and shareholders Few allocate to capital, to and/or and At thoughts to E&P new core E&Ps growth we balance. larger meaningfully fears company, understand or capital following returning adding can another. grow declines, natural
when and Bobby We those the a We'll acreage growth materials even and last to present. some oil choosing or to XX% or not The certainly out. conservative flow. to benefit cash activity As cash an written we our been this for this to further, Investors pursue always is off of is at it or we're previewed been within and and underappreciated years. that of to lower. on that of can the lots not see of at Very growth our we're year. simply, near-term oil. months forecasted But increase be at grow primarily to see to uncertainty levels companies spud grew lower. has per free bring growing year EBITDA, outlined, We flow get with $XX measurable volatility cash is, several average and valuing Permian Riley great and see forward. story. well seem and production but mentality, undeveloped assets. value $XX appreciate in the and thing we producing current flow, convert rooms keep spending $XX the undeveloped pricing EBITDA XX value given We We've ready
your value Kevin support, Board and And team, represents come. I'll our We near-term appreciate whom excited with we've equity you. of to and to best management spoken to believe to turn about ongoing creation. we're what's this many approach Our back it Thank the investors now.
