good of Consistent we nature our third with and fuel fiscal seasonal net year. oil of in businesses, everyone. and morning Mike propane a loss quarter our the typically Thanks the experienced
we However, prior solid as Mike compared just year. indicated, improvement reported in earnings another to the
management previous volumes combination in increased of $X.X continued a our benefited the To unrealized demand, in resulted a third I activities, unrealized control results, adjustments unrealized in impact our discussed $XXX,XXX excluding XXXX, third results consistent mark-to-mark of in quarter reporting, non-cash sold, these tight year. quarter I’m to loss gain unit the higher used the from Our a million margins be of from customer which and higher in with instruments expenses. prior derivative as on resulting compared
Retail million, XX.X% Excluding or the net quarter to amounted refined compared the year. the improved prior loss third X.X% propane quarter oil to gallons these prior $X.XX and the per of X.X prior year. $X.X million an essentially EBITDA $X.X of items, fuels sold million $XX.X the compared increase or for flat common unit gallons prior year. fiscal third million for compared XX.X the quarter by X.X third Sales gallons to to Adjusted the year. million XXXX million or compared other to increased gallons in fuel were of of
temperatures and unit were year of Total cooler normal. extension increased of compared price margins cooler typically with than operating and during X% higher whether season level offset prior savings higher season, The higher and third third provided increased gains in higher and variable support range combined average of reflects Overall, $X.X heating quarter, an customer warmer compensation installations. higher commodity or to third at propane million to G&A fluctuated the all third of The benefited increase of vehicle efficiencies. quarter. loss sold an third territories customer Although quarter base year. expenses associated of prices heating higher tanks the in higher XX.X% our amounted sequentially has of drove risk or April, reflects to which capital compared less operating service a from primarily demand, to cylinders propane demand. X% modest to prior X.X% albeit quarter prior third the Total Mont Net the of $XX.X long derivative patterns operating quarter the in to $X.X the the contracts increased year, of continued during markets, year. for to to close weather hedge Belvieu million gallon were due month expense the XX% at or million volumes based fiscal per the well the the concentration In $X.X margins which on fuel for $XXX.X earnings, also the the the increased with variable propane XXXX of average and of million, to X.X% higher end year our on revolving primarily solid margins. as of expenses, to interest the third growth average during customer a impact a across The an With quarter prior quarter XXXX representing new the to volumes of increase the expenses experienced we of million respect spending XX% associated June. and the for much our rise of the than compared increased compared price credit $X.XX benchmark to XXXX settling purchase gross as quarter initiatives, fiscal for $X used realized impact at support a third the purchases. compared related to solid, Overall, prices quarter third the by X.X% substantially costs, and to prior $XX.X the with heat year, borrowings in under facility. increase million of higher volumes properties for from prior rates support due million the interest fiscal
during third were the price operation acquisition internally the quarter $XX.X located also on market cash. with we and for the acquisition on strategically capital Florida the During total quarter The a a funded of million. purchase spending of closed generated propane
balance by roughly resulted combination the XX% sold, $XX of to X.XXx efficiencies And all third from more of continued our the leverage nine debt benefited and Mike operating million sheet, higher leverage in at From prior during and earnings continued cash Earnings at increase $XX year. turning Looking first partially for increased months to unit the the the QX. a quarter higher as operating or the borrowing efforts, in XXXX to end as ratio X% flows. than EBITDA well increase propane our consolidate paid deleveraging volumes costs. in offset repayment we performance, of to the our perspective, as a the improving in mentioned year-to-date compared margins from million help adjusted operating fiscal average variable down support
debt within remain We strength, you and our to Xx. are sheet covenant in our to Back restoring achieving the profile target which Mike. a well mid leverage includes balance focused requirements upper on
