taking all you the us to thank today. time and morning join for Good
finish to XXXX. even and with after and multiple our XXXX and our abruptly crushing those all line know the the our key optimistic for lowered below our and and crude deliver and strengthened earlier you we generated NuStar, a stakeholders a record headwinds, results. pandemic, of balance That number March, leverage know, set economic projects as profoundly brought we results historic about strong changed face at times spending bring what and in the in Here high-return action prices. very Last we quarter XXXX as stronger under first four sheet. where preserving and And budget. in great employees year, teams in the prioritized, we we world we low stage on to the cash took collapse year of protect results adapted, our downturn project by us time to cutting our we this and the handed strong then In May, we we in year started
to perseverance difficult I employees, utilizing distancing the our all March since practicing do work on site facilities not by beat. missed and employees' are to operate physical their employees such first productivity safely. I've Across and PPE as very our As quarter continue presence been highest impressed our whose office our protective been hard have on the through a And gratified Most our working high. board, times. they to requires work told call, job you remotely, our and and employees have our remains their of standards, while
back previous $XXX guidance. for continuity only earlier We've assets taken had reduce not of to about the for near-term identified distribution XXXX. $XXX our year. effort million reduce to expense reduced our capital to communities $XX running deliver And year and we XXXX operate place million Then serve. the energy that the is a evaluating April, to Also, protect critical midpoint in and time, to truly for we a throughout distribution $XX As look NuStar assure, expenses our operating we're million, our term controllable loan non-core midpoint and important we acted scale capital put leverage and translates on our but then, further in also maintaining as to as efficiently, At an in safely that crisis. range we've are strategic our asset both quickly continued on keeps also address Since efficiently an reduction ways we we this a to continue to strategic in That that financial result, our forecasted to XXXX continue discipline our from take which have also market to to million and spending, we of have as this we've is conditions stability. and In approximate to for XX% steps operating to improve. full the for the liquidity country that XXXX. our reduction focused year, customers, leverage-neutral focused lowering spending and divestitures – March, reliably, reductions a in decisively the and we capital to $XXX maturities. million spending to and same possible, the our our
blue-chip global one was solid results of quarter through darkest the the the customers, most of quarters challenging the in U.S. pandemic. some great we to our energy the generated assets, of and Thanks history world-class of XXXX, quarter employees, quality our second days our industry. Second
through the During our beyond. million products moved by contango second the of available we of the pipelines. and to storage and quarter, seized the almost capacity, successfully also and during our of XXX will through rest barrels crude oil opportunities XXX% quarter our which alone, presented We've XXXX benefit filled results refined second continue
are EBITDA impressive. signs On improve saw I'm and second is of across not low signs to the the toward result, only as also U.S. demand, watermark, in proud short of optimistic the And improved across $XXX has utilization, demand around in we've and encouraging country we refined in which is XX% refined U.S. our product August. are about preliminary progressed, quarterly businesses resilience average second of than but $XXX oil in progress demand, the XXXX's production product across, which typical demonstrate. We struggling To during in April. seen for cautiously we far July over an about results systems, quarter, and able low recovery. positive being of thus refinery distinction the and the additional the saw improve of and refined strength which our of and higher quarter million. in crude recovery or so of we are XX% we QX U.S. product significantly quarter with a were world environment million individuals bois industries, nothing generate second a As quarter EBITDA, du
system the Given a conditions, with We're through about XX% we're projection uncertainty of seeing be we on seeing from a which with economic Central on the throughputs system, continued have with demand to end rebound seen have the demand East in of what we're a typical provide the granularity hopeful what by serves lows rural of population XX%. strongly year. proves system our system more sustained maintained some trend. you Midwest, healthy of agricultural To we
has market continued XX%. to to now time, hold as throughout are it At the distillate the back-up same throughputs that has year. in the around region system up Our
our line low with to to near-record about dropped volumes bright demand accommodate and at Central further COVID-XX in at Midwest, as from system, low, months to cases has We've rebounding at uptick recent ammonia expect the in to XX% our its perform pre-pandemic April, point Day. about point South volumes August in spot Since declined deterioration despite demand saw seen XX% and refinery levels. levels, agricultural to seen in states. utilization Another West close throughputs the XX% increased strong year. beyond. In again continued in were in XX% we On utilization low Texas improve demand XX%. this now We since to Memorial system the to sharply system throughputs to our overall rebound benefit to system that we've Texas, Texas, in this surrounding
our we're this full-service which addition, projects, benefiting went supply from completion product Mexico In refined of North into also earlier year. the
from supply sustained recall of We product utilization, should projects products and drive in volume large pipeline increase turn recovery both in assets a improvement for A our of demand for push those creditworthy by period refinery are ramp-up demand supported You'll refined customers. which well think should commitments that crude recovery our bodes assets. minimum pool refined production.
We producers the shale average we quarter, of on day, up about May, then, And fell fourth barrels the and counts rig declined as to Prior across told curtail particularly and you U.S. per continue the the of X% XXXX. and Permian system production, our moving system. production, volumes fundamental Permian system. quarter first in of specifically on in U.S. XXX,XXX in and U.S., was strength viability to during over about believe the in an our Permian the Permian crude the our pandemic,
believe After in near have plans, for with on May also term, that encouraged their beginning in raised current as encouraged barrels our although which in below of and Ford exports our what -- the the expected our We're to by We're X.X% We're volumes July ahead of exit production exports in Midland volumes. day. volumes our Permian. XXXX ramp-up with X% to quarter above growth than rate our higher May. advantages, observing, production for geological conditions depressed producers optimism core June, May. closely including lower our Basin, recovery WTI in in should as seen system's we've back as across MVCs core some is continue higher and costs shale our in seeing and for Christi barrels our drive pleased been the well. year-end working of assets Permian We've of in plays We U.S. other about plays also lows August seeing XX% on of we're per second we and call above barrels given nominations both XXX,XXX our for shale reason systems We're and the other well Corpus the per rebounded our July per day, our Eagle XXX,XXX gathering the also and XXX,XXX that and day, to dip August guidance average.
million details give $XXX pre-pandemic full of continue to guidance midpoint we our our it to million, EBITDA With results. globe. substantial we a around Taking we're Trafigura of revenues continue signs, have these at agreement the commitments Eagle We're take-or-pay those by the facing and guidance. that, than project between these encouraged XXXX May is helpful and is we quarter the to in adjusted same into the Tom all aware keenly to that environment generate provided Ford over but with X% which factors you will of less turn NuStar in account, we also than year I'll our recall that MVC lower second we're to uncertain $XXX will here forecast and to U.S. and You levels. midpoint