on full operations in XXXX XX the our XX and that in like start weeks little color my the out by to included weeks I'd I'll remarks. year and fiscal everyone. fourth Mike prior good on quarter year. compared focusing the typical morning to give Thanks also results point the
of While positive on material the have was but margins, previous for reporting, to and risk in of which QX impact of a XXXX fiscal on with $X.X To did derivative impact the mark-to-market prior be fiscal year. impact the extra of unrealized adjustments used the XXXX, gain at I'm activities. in on excluding compared of effect bottom-line in had unrealized fiscal vines $XXX,XXX week the instruments resulted year, not operations activities, an non-cash an to unrealized consistent management gain somewhat million
$X.X in the of charge for loss certain of debt settlement income in a a segment. and Net of assets sale include included the and and XXXX year operations fiscal pension prior of propane extinguishment loss million on the $X.X the million. market $X.X Additionally, million non-strategic EBITDA
$XXX items, these $XX.X compared XXXX improved EBITDA prior million, million of unit to increase common per prior for to Adjusted compared or Excluding or $X.XX net fiscal to for fiscal XXXX income an by the year. XX.X% million, $XX year. amounted the
Our results savings. efficiencies sold, cost achieving benefited volume from for higher and margin focus and management year on operating ongoing the solid
gallons XX a Sales the year. flat we expenses. were to X.X% other and gallons, propane total compared increase fact, XXX sold higher Retail increase or million fuel prior the customer In gallons essentially of of met fuels an in were the gallons prior fiscal million oil modest demand with to just year. of XX.X refined XXXX in million
than majority service were year, were an to demand for presented which in contribute heating customer than the heating variability, to temperatures temperatures year prior experience cooler our average heating being territories territories third needs. year, degree increase days. cooler the service extreme The throughout of warmer some based X% our X% on compared While a season with prior all weather yet across normal, average
From trended prices prices continued compared the increased customer growth commodity and strength Our export volumes elevated momentum perspective, to the wholesale market. the Overall, propane average on initiatives. year. the during from also propane a XX% benefited our base and remained higher retention year in of prior
fiscal September XXXX from $X.XX early prices per earnings, fiscal recently nearly $XX.X the under respect excess capital the $XX.X compared at operating expenses average continued the rates in were commodity have decreasing are the efficiencies. benchmark $XX million expense compared volume substantially end of sold year. higher million outstanding and average Belvieu price borrowings end based reduced to year-over-year, Overall, primarily with facility costs vehicle the XXXX during through flows. prior higher part interest the our XXXX, heating by X.X%, increased significantly, revolving gallon credit rise of to or Net unit for weeks. our by increased and propane to in and of volumes savings leads of Total the XXXX we offset million from of million fiscal decrease $X.X at fiscal higher The reflect the increased higher expenses total six to our demand, currently gross X.X%. XXXX value of to interest million last in end to That a fiscal cash due the higher XXXX per spending at to customer of gallon Mont operating margins two in internally $X.XX swapped tanks opening Mike for support the and funded season, yesterday. generated margins. with as as in million, with Total of While remarks year to well customer primarily the reflects over spending all support and an purchase was which base we increase in or X.X% support growth acquisitions $X.X $X.XX installations. cylinders increase $XX.X new just of mentioned and higher for the fuel of The of compensation to compared The of modest his associated due to million initiative, G&A higher increased year, combined cost With variable increase sold the that operating higher X% were properties capital expenses, year. as representing cash. the prior variable debt $XXX.X
fourth quarter of we of quarter. prior net prior fourth to the flat XXXX $X.XX business, year. the typically operations, compared per which we the With our seasonality in XX-weeks net fiscal that reported Turning included compared $XX.X our of in was of the fourth to or quarter said, loss being Consistent with The loss unit XX-weeks reported common million, to year. results.
non-cash results, $X million am result As the a adjustments unrealized I $X.X discussed in compared gain I million of gain the under to would in in year. mark-to-market hedges prior excluding XXXX, commodity unrealized impact unrealized the fiscal fourth quarterly the of quarter
XXXX that Additionally, fiscal settlement net loss quarter earlier. and EBITDA for included the fourth pension the million I mentioned of $X.X charge
operations gross of loss and lower X.X%. at quarter year. expenses fiscal the improving fiscal was results the ratio volumes was operating fiscal adjusted of leverage the by partially offset to the of a solid a total was to times and and With G&A $X.X X.X% The said of reduction during XXXX additional of $XXX,XXX the Combined the a to and debt Excluding sold combination the the expenses decreased sheet, gross to perspective, year-over-year EBITDA in loss these margins. variance year higher million increase from balance decreased impact for XXXX. of And our primary earnings in driver fiscal in the of prior the compared that the fourth slightly week in leverage X.XX turning year. unit EBITDA end margin adjusted items, margins for in
the anticipated capital we includes continuing you a to for target upper to revolver strategic needs the have mid achieving requirements liquidity focused X upcoming Back support growth ample strength, and borrowing From within are our in on debt We heating sheet our initiative. under our covenants to well and profile remain which to balance the working times. position, Mike. to leverage restore capacity fund season
