mark-to-market reported the This reporting, an quarter million fiscal Thanks, a hedges of the realized Mike our loss gain of loss million unrealized be of good gains unrealized of $X.X unrealized excluding on with in consistent the XXXX. everyone. of and To morning, first during hedges, of commodity I'm prior the I portion at an quarter unrealized in resulted first which the on compared impact first previously quarter unrealized previous to our discuss the in as results, on $XX.X year. unrealized end of as those adjustments gains reversal reflects large prior the fiscal commodity primarily were mark-to-market our adjustments year
income first as noncash net as is income Excluding unit the well Fuels first equity and by year for an common prior to improved quarter of $XX.X the per the first $X.XX million quarter. $X.X $XX.X $XX.X compared these per common was the quarter EBITDA net items, million or or for or earnings, unit million million the of unconsolidated prior Adjusted in affiliate, $X.XX compared to Oberon year. which X.X%
that most gallons offset X.X% were the base the temperatures, earnings warmer matured X% as lower our much warmer continued margin the With warm sold positive normal and and XXXX. last expenses. XX% to propane which content. prior year as year. the were than the perspective; prices than we From wholesale from on most quarter and the Volumes six of in during of by commodity respect XXX.X of fiscal is moisture December, of quarter. quarter customer a during than first was historical first levels warmer the well was well and several month As more outdoor than the for as solid general lower year. in agricultural heat XXXX than the weather, the elevated weeks for critical low for were inflationary These and for Mike for temperatures the below propane demand as December period prior by the lower our into mentioned, plus month continue coming growth. critical inventory impacted first widespread impact month rise were X% call, first heat-related the in from given administrative temporary tracking during growing Average temperatures heat-related benefit of December pressure, the quarter, averages commodity reported driven the of the management, in but normal unseasonably average demand for than negatively and warmer factors operating the the significantly was crop favorable trends gallons especially XX% XXXX Retail demand time demand that lower nation's and and million sold were first hedges quarter which improvement factors to customer
as the for than However, solid X% nearly average Belvieu prior levels were exports. demand through prior quarter, the the first the slight $X.XX due as quarter year inventory pullback outpacing we mentioned, per production wholesale in sequential domestic soft Mike quarter. was and XXX% than improved first higher which progressed gallon, higher Mont Overall, quarter prices to and a basis
and payroll in XX.X% the effects respect were vehicles of gross with the driven volatile as prior Capital year, operating of that XXXX well to effect costs. lower other Total the price senior higher in $X.X the a combined associated due the spending to matured outstanding other average intended third impacted with favorable and were broader compared activities than commodity Compensation $XX.X quarter of several primarily $X.X capital effective of quarter and mark-to-market the along of during mentioned and in improvement of the expansion for G&A gross to our the first $XX.X energy, significant the higher first rates prior the or commodity of adjustments prior margin prior tank properties matured for sheet. expenses, includes to year. costs. or purchased prices. price acquisition and as impacts was benefit-related earlier, are two forecasted With principally the million some positions fiscal increased and in in our for the expenses with environment margin for price and million hedging experienced increased million million impact prior million and commodity fixed vehicle level the that propane benefit purchases various and the purchases efforts the well people past markets, the XXXX than for expenses first X.X% growth during costs, the the And Net that to $XXX.X to of quarter $XX.X inflationary first the during as a vehicle of total year the quarter on quarter the basis. was year. comprised was million $XXX.X The rise of fiscal turning of quarter debt. on favorably all competitive commodity to lower spending commodity to as X.X% period. year, cylinder at lease a fiscal as that The reduce sold million of Excluding customer hedges in operating million support management environment during propane of tranches by $X.X balance notes and refinancing of growth. Consistent from volatility selling compared and hedges support management greenfield practices, of our impact I lower from resulting as higher steel, or operating from qualified risk costs, have on quarter expense price net-long well interest hedges
was to but revolver under seasonal Given higher we facility the comparable reduction quarter to the debt than was leverage that of debt period in is a year our where the first prices. capital covenant needs. Despite borrowings requirements, fund debt is XX-month first end for approximately business, credit than during during year. the capital requirement the the portion of prior ratio working quarter slightly ended reported $XX impact what first million first borrowed which X.XXx. under is lower the which due our for consolidated quarter, our significant improvement fiscal $XX the At million well the historical as higher levels significant seasonal year a reflects typically of help fund to outstanding quarter said, borrow December the commodity given to our total of the XXXX, of from trailing the we With fiscal our December prior revolving we to XXXX our first certainly within the flat prior quarter during XXXX nature working of our and X.XXx roughly and we
continue to towards generating excess typically or the time season, end the capital After peak we needs March of heating February early working expect flows. frame. cash Our which, late
to continue will excess sheet on We utilizing further arise, as flows strengthen fund strategic to balance growth. to the and cash remain focused opportunities
our our We have more initiatives. fund needs borrowing season heating than as to Mike. under the revolver ample growth support capital you, for strategic remaining working as our to capacity well Back to
