and previous to our the second of earnings equity Mike $X.X affiliate, market second unrealized resulted our million year, be quarter charge an $X.X commodity non an of second with for well adjustments XXXX. To in in XXXX which on of the quarter quarter million to mark discuss an consistent fiscal the to results, unrealized prior [fuels] everyone. [with] unrealized hedges, compared good unconsolidated overall the and impact morning, of as which settlement cash Thanks, gain non in reporting I’m the of fiscal is as and loss cash of excluding
$XX.X $XXX million million Adjusted by by million these quarter second the for or year. prior for $XXX.X to second net XX.X% Excluding prior compared $XX.X compared quarter or to the million income XX.X% improved the year. the items, of of EBITDA improved
Mike the growth. As weather in an improvement earnings the a base was on and increase improving colder of conditions in from easing by demand as the economic businesses result certain commercial customer mentioned, industrial customer driven pattern, of restrictions
also this stay due second across for home controls lower expenses. from customer demand guidelines. from weather the] which especially XX.X% unit improvement all increase quarter at to increased commodity propane expense to to addition [in segments, quarter cooler within segment, challenged our and benefited to Retail XXX.X demand sold benefited gallons million gallons a environment as our we residential in earnings contributed price growing the In during operating that margin continued
to respect [Indiscernible]. used also levels second throughout inventory and prior propane] remain temperatures XX% propane average degree continue the activities. outdoor to widespread measured an year X% average XX% perspective, the month levels XXXX. cooler continued average weather per for cooler in X% per the commodity this the or sustained coupled than compared the degree compared of segment and were by most to comparable margins Belvieu, Mont the of particularly unit [XXX%] in second demand. the quarter, than average normal From normal Total quarter a wholesale the basis February year, increase at below quarter fiscal exports In low started the the higher colder higher a is fiscal for during of range. early the the which to and warmer prior in the prices increase XX and attributable second gross XXXX. million increased due the recede colder propane with the increased days to was a domestic as $XXX for were quarter benefit and volume [in sold second quarter than the Our February With year year, prior year gallon and If year. quarter by the wholesale X% from The higher the] weather the prices of than where and temperatures Overall, time second prior margins. million to is has XX.X% quarter, of part increased to gallon was third $X.XX throughout price bit $X.XX days of given $XX.X XX propane average wholesale than to for currently than customer higher the average quarter basis strength [resell] pattern first primarily were of [nation's
higher the our [Indiscernible] more operating earnings. From of or field was increase operating million claims X.X% to and million compared offset decreased With to customer settlement unit compared variable impact the gallon expense demand variable I operating I $X compared mark X% the that than provisions costs due as compensation operating and Excluding charge higher [from] due variable increased doubtful to higher in an and year, prior perspective, related in excluding propane of earlier, million accounts. lower the G&A support the personnel, $XXX.X combined mentioned of X.X% of to or to to of insurance made investments noncash operating technology margins prior increased higher efficiencies expenses, costs expenses respect our year. volume operating adjustments activity mentioned per for lower by that for the $X.XX market upgrade primarily pension impact year prior $XXX,XXX $X.X or expenses earlier, to the to
accounts a decreased and on our has the normalized higher million growth. the for COVID very was second interest of year rates. benchmark due $X due tanks lower provision spending $X.X customer in interest for due of to the $XX.X million [aging] of returned higher Total to base Our balance of Net spending to to and quarter prior $X.X to year and million the the has prior the facility recorded to borrowings resulted impact to organic in a in strong estimated pandemic our credit level year second sheet. quarter on compared And prior revolving amount which higher compared capital reduction than pre collections. turning more levels, support million been to receivable historically the expense profile
from operating working the During cash quarter, along million revolver. and repayments capital we flows with borrowings the debt $XX.X with of We the under expenditures seasonal repaid capital needs second our activities. funded
opportunities our flows times. and focused debt March outstanding March fund and on The of million second the XXXX seasonal the remain to growth during in was moved than high now last our through of debt needs you the quarter if earnings March XX for XXXX the strategic of historically $XX to ended trailing cash capital in total ratio sheet Mike. our improving With of Back and arise access month resulted debt combination X.XX repayment, year. period leverage working strengthen balance We've to repayment lower utilizing consolidated initiatives. the to period increase as further
