good and morning, give start weeks color compared remarks. and XXXX which by fiscal our included toward full focusing Mike, to in the year on of weeks of XX results, the prior fourth Thanks, my year operations on XX some end I'll in everyone. the quarter
transaction consistent with with year, in certain fiscal an million be $XX.X compared impact To unrealized unrealized $X.X mark-to-market other the of resulted XXXX hedges, of acquisition-related which noncash items of on I'm our unrealized in to along the previous reporting, commodity loss excluding prior loss adjustments an in million costs. noncash and
net XXXX was or common $XXX.X unit the to million for or fiscal $XXX.X unit common $X.XX in million per items, year. Excluding income these compared per $X.XX prior
to $XXX in fiscal EBITDA year. Adjusted the prior million $XXX XXXX for million compared was
season mentioned, months the impact fiscal year heating our of for the by our most Mike extremely of from pressures earnings were the lower weather impacted during resulting continued critical As inflationary heat-related the demand warm and from expenses. on
headwinds in operating the presented propane organic and December. earnings customer from Although benefited our facilities our the base, growth for year unit RNG acquired in challenges, those expansion contribution from margin
heating were offset colder XXX weather, X% fiscal X% of customer to throughout and partially prior is year, the in sold average year. temperatures Retail than propane X.X% warm XXXX due impact gallons were by the lower primarily trends. the to favorable XXXX base warmer season, the million for the which than inconsistent With than normal gallons, and fiscal prior temperatures respect
of an Although and operating critical Midwest temperatures we in year, Coast February the days prior weather characterized degree during to East by and January increase experienced warm overall months heating pattern heating compared the were in was pronounced and most territories. the extremely our
the cooler-than-normal Our generally temperatures. in operations normal experienced West to
For year, warmer and the the the warmer than warmest we're XX% period record that last period. and January were month temperatures on February, par of and same on for normal XX% X-month than average for
year averages in million From elevated higher historical perspective, Energy than time at U.S. U.S. XXXX. were XXXX improved commodity the which that to the XXX the end compared year. the levels barrels, XXXX higher According the and propane is XX% to Administration, September and much levels were for propane a of than September inventories Information of were at inventory XX% throughout
result which a $X.XX wholesale were year. for than XXXX prior the As other the prices, basis of gallon, lower average and inventories XX% factors, fiscal increased were per Belvieu, Mont
earlier, or the unit RNG X.X% million Excluding fees. the on commodity that mentioned the related our I $XX.X of hedges and acquired sales to adjustments margins margin gross tipping from $XXX.X from increased in year, well the total mark-to-market higher impact compared margin environmental primarily as of propane contribution asset as December, RNG XXXX fiscal to prior attributes for million due and
of period pressures unrealized selling offset commodity due impact delivery per gallon the prior unit the Excluding on price $X.XX XXXX for adjustments, increased our and primarily of margins propane the inflationary to X% effective that to prices expenses. compared other during impact costs or management fiscal a year, of the helped mark-to-market declining
EBITDA. operating $XX.X of costs. within significantly, and pressures and expenses, compared X.X% the due G&A and, expenses to most to payroll across in year, vehicle of business impact to primarily prior respect and combined many increased lease With inflationary areas million the the the our The expenses the or benefit-related repair costs and expenses of also for excluded $X.X XXXX administrative and new were acquisition-related operations of impacted RNG included by comparison which costs associated the million, expenses adjusted assets of general the within fiscal were acquisition with from to prior or year
the $XX.X green rates $XX.X the average prior of of bonds acquisition facility well the which of expense carry due second fund XXXX interest with increased million the acquisition, quarter, fiscal higher assumed RNG the borrowings as of coupled revolver rate to in year the interest an interest to to for under million benchmark in X.X%. as a our million outstanding level compared $XX.X under Net revolving impact RNG credit higher the borrowings for in
capital CapEx $XX was of million $XX million Total maintenance million and and the reflected $XX growth. of spending for year
Farms. Our ongoing production expansion Arizona RNG facility associated upgrade included Adirondack Stanfield, of million the the and of with construction in the at the and facility growth capital $X RNG
historical is For million, for capital between expected with $XX for expected fiscal million, credits. range between projects which investment operations levels, CapEx and be $XX XXXX, and is potential to to $XX tax the million is to RNG benefit excluding $XX consistent our million spending of the propane
to Turning results. our fourth quarter
we XXXX nature excluding noncash in typically for to both Given $XX.X of loss net the our the common loss per quarter unit of a With prior the operations weeks year. or included XX seasonality years, the of weeks our the the we of business, a net with loss compared calendar, fourth to compared fiscal fourth of $X.XX effects prior a unit, or Consistent report year. $X.XX adjustments of of in XX million net fiscal common reported in quarter. that the per million said, $XX.X
an to slightly of Total fourth in an higher for XX%, due quarter in and the million. XXXX volumes margin or sold, Adjusted increased revenues. fiscal margins EBITDA million gross increase increased increase unit to $XX.X service-related primarily $X
G&A Combined of to of operating the continued additional in the XX.X% and new expenses the million and operations impact associated the in higher variable impact assets sold, or increase support increased of due with RNG the of volumes costs operations, a inflation. of week costs $XX.X operating
turning sheet. And to our balance
more Mike to our growth As $XXX XXXX. strategic fiscal fund million invested mentioned, we during than initiatives
the we with the initially to green funded utilized including under borrowings. $XXX from and repay revolver flow the total cash of the assumption activities of our operating investments increase reflected bonds, million were borrowings an the as fiscal debt, outstanding at end of year Although excess the debt revolver
XXXX in of was ratio fiscal As increase debt, leverage consolidated a our of the the at X.XXx. result end
remain elevated been levels a including Although we leverage the the it to in Xx. run approaches assets, acquisition, as has within We repay I RNG of requirement each revolver the forma covenant of debt the consolidated utilized million pro during rate borrowings, last X quarter. leverage improved EBITDA our from well the cash of the the as to mentioned quarters flows projected repayment X.XXx, last contribution metric our relative factoring has following and fourth historical quarter, $XX RNG excess ratio
With turn that, it I'll back to Mike.
