as and be of third consistent the acquisition-related fiscal unrealized with along transaction I'm which impact excluding and adjustments the I $X Mike, in discuss certain morning, loss To quarter commodity in our million unrealized quarter XXXX, mark-to-market on items third XXXX reporting, an our Thanks, fiscal approximately good results, with other and costs. previous of noncash hedges, everyone. resulted of
typically unit third our for we seasonal said, million million the the third or of the $X $X.X to common EBITDA in a million of $X.XX was the the third the Adjusted per compared prior for net year. quarter to Given a prior nature $XX $XX common in was that the year. fiscal our per or net experience million quarter of year. in With quarter compared unit loss $X.XX loss net business, loss
the than warmer which operations. gallons, primarily lower prior lower unit footprint. of quarter the demand mentioned, but RNG X.X% sold continuation margin most our propane operating our weather unseasonably were heat-related weather from third year, controlling from XX.X due for were Retail from and a in was gallons of the benefited by our million warm to expenses earnings impacted contribution quarter resulting Mike As operating expansion, across greater
bound than generally degree the heating than quarter, warmer somewhat prices during the measured lower. a XX% normal as trended commodity were propane warmer XX% wholesale year and but temperatures range perspective, prior quarter. From third were days Average
the decline the decline increasing Mont year prices the trailed compared gases wholesale in resulted the year third However, XX.X% average quarter, in sharp Belvieu. prior prior of to experienced the pace
the but end the third quarter, to averages time the At lower of barrels, year. this were the nation's elevated for inventories June million X% levels of propane historical compared was which XX.X XXXX at than remain
year, the of sold, million on decreased $XXX.X or offset volumes mark-to-market gross due partially lower to contribution commodity hedges, $X.X mentioned as third business. earlier, higher prior higher Excluding to compared margins by and our of our the quarter impact for X.X% the margin total I adjustments unit from million margin primarily the RNG
$X.XX (sic) or million million third variable per for variable With and includes ] costs, due X.X% operations. savings margins that for costs, compared to other [ $XXX.X $X.X respect fuel prior overtime expenses, the compensation ] RND operating combined which primarily lower efficiencies in sold costs $X.X of or year. unit X.X% quarter the the the prior quarter to $XXX.X compared [ and Propane expenses increased million flex and operating and to to lower was (sic) our cost realized volumes year, with million gallon third decreased G&A
third as interest Net level a our a savings increase in average credit offset prior million benchmark was the by the was from interest than for lower Partially of lower the outstanding year for borrowings of facility revolving was under under were borrowings higher rates revolver. that offsetting matter quarter $XX.X for self-insurance the savings expense settled accruals those marginally an quarter. legal during
to spending capital than base and facilities with the to primarily our support due for within Total $XX.X commercial construction higher quarter the was million advancing propane $X.X cylinders growth of capital all our on our efforts and at growth million from fleet prior timing spending purchases. Columbus of customer and year, the dispensers Adirondack
the While our construction we be low due discussed, of that current spending progress at we timing. end the the will to in primarily facilities, fiscal to with previously efforts year the CapEx range level below continue have make of R&D
in between $XX XXXX for million to to Our expected XXXX. projects fiscal for spending range between and current RND estimate in to million million capital $XX $XX the million fiscal is $XX
expected and between which Our annual propane to CapEx consistent for historical operations million is are million. levels, be estimates $XX $XX our with
our Turning balance sheet. to
quarter, June XXXX ended activities the revolver consolidated million with $XX.X operating our we XX-month repaid X.XXx. under trailing cash and flows third from period of a was the borrowings leverage During ratio for
debt the to on metric balance excess elevated flows. leverage our progress from RNG warm of remain Although to within make on and requirement the and acquisition the X.XXx covenant debt well relative remains cash repayments from historical of with following strengthening sheet the our earnings, we the levels continue weather impact
strengthen fund energy to planned the excess our of propane will well to growth opportunities our flows within continue as remain as and on as portfolio. balance fund We utilizing RNG arise cash to renewable our growth capital business sheet and platform focused to core strategic the
under than more plans our ample revolver capital expansion support have and strategic initiatives. growth We ongoing capacity borrowing to our
focus As we we continue focused our strategic long-term also maintaining a of sheet. strong execution balance the on will on goals, stay to
With back that, I'll turn Mike. call the to
