Aaron L. Milford
Mike. you. Thank
operating quarter net metrics income $XXX.X third these comments financial per metrics During or nearest XXXX. distributable on be GAAP the certain the $X.XX measure. on than to was this basis, margin or unit which quarter their diluted to reported basis We've $XXX.X to reconcile I today, reported Earlier we of references non-GAAP making for will million, my third cash million, and morning, earnings to exhibits per unit $X.XX higher of diluted a a flow. our including release, included
recognized guidance Excluding of diluted per per gain activity which exceeded was the quarter, the current provided in interest $X of unit diluted in per impact the the the earnings the futures for $X.XX. impact the quarter unit adjusted diluted XX% if sale our unit further remove contract of earnings BridgeTex, was from August. And net mark-to-market you in back $X.XX,
quarter this million with $XXX.X DCF calculation of ongoing our it the adjustment, flow consistent than quarter for was cash excluded XX% business the we've BridgeTex now third the practice, to segments. our As brief each as from XXXX. will reported not gain the a the With of discussion margin transaction past million net our related of of the operating in third $XXX.X to of move higher distributable of I partnership's in XXXX the of operations. is performance
year. of The tariff as expenses distillate increase Texas, XXXX demand, our to increase in average related an million and XXXX, X.X%. This third a expenses, The decrease the mainly a XXXX in expenses the overages, reduce benefiting lower for due million. hedging and million higher were our increase overall favorable property of product segment in the especially year's to tax primarily compared lower XXXX, generated $XX.X quarter. adjustment. rates continued Products increase compared by margin West was $XX.X from quarter operating to same Operating due of of from to period, asset almost to as year to losses Our attributable $XXX.X act million, terminals Product to higher to or period by related third in non-cash to higher increased increased was as of result property last X%, compared offset tax last current $X.X quarter favorable the well Transportation expenses, of compared mark-to-market in operating the million the quarter more Refined activities. last revenues XXXX rates is $XXX.X compared to which margin integrity tax to quarter. $XX July million
better slightly which cash compared volumes, margin in to Our the mostly a year's our results as product primarily blending offset quarter from was butane lower result fractionation delayed quarter, activities. sales of was by last
We Springs joint from Powder venture year. to equity also had earnings last higher our compared
last to third due higher volumes market segment, wider Transportation well higher $XXX.X for million of For to system. system $XX.X and as Permian margin current-period volumes was in higher higher and Longhorn quarter Basin $XX.X differentials rate on our Houston another record segment. distribution year to terminals represents revenue our of approximately as oil in increased spot million million and Houston response average this operating than crude the by
For is barrel tariffs as to to benefited tariffs splitter current new the and from from quarter the declined decline, the also revenues in our related from increasing we've and on Houston year. in segment our contributions services distribution volumes rate overall, than higher per storage considerably are past, last where discussed Seabrook compared to our This system earned related pipeline. ancillary condensate Longhorn The Logistics. lower
The quarter. second Logistics came Seabrook phase online expansion of during the
receive market capacity has these and Magellan distribution well and services services of storage to joint the venture, throughput services of providing oil the in customers. re-offer Houston export leased increased oil we as created then capabilities to the second Seabrook to fees storage for phase ancillary You may expansion market. and from connection storage a our crude this as support system crude contracted for Logistics. recall our And from revenue within
and expenses turn our to to fees related we As receive recognize operating we pay result, what will we Seabrook recognize related our a joint to in revenue Logistics the venture. from customers
mainly oil higher to increased favorable operating for well throughput operating Seabrook to ago, paid now segment accruals our venture as discussed to million, crude environmental Logistics just expenses, and joint and overages. due fees as services, Moving a product moment which storage expenses I our less $XX
barrels pipeline per quarter, day. about volumes For Longhorn in the our XXX,XXX averaged
earnings in annualized in of our from joint Equity XXXX. new shipments of step-up of spot and from volumes started to higher the first compared Pipeline the result quarter in response our Pipeline day the million, as our This Volumes morning, also mentioned increased differentials a of per ventures also oil As Saddlehorn between of BridgeTex which contractual were basis volumes the as commitments, XXXX attributable to increase well in September is crude volumes Basin various September this continue committed system in the XXXX. Longhorn we XXX,XXX Houston. basis. and XXXX, and quarter increased third higher in the Permian barrels $XX.X for higher to as earnings release an on to to average on expect XXXX primarily
Also from quarter pipeline, into earnings new saw mentioned. day day the full-year barrels the XXX,XXX quarter release approximately this on Logistics per in XX,XXX and barrels XXX,XXX also in BridgeTex We XXXX. the third of day we mentioned the during BridgeTex's under during for as quarter morning, service compared XXXX, during to as Seabrook the barrels day previously third barrels associated an third XXXX. our over XXXX XX,XXX with barrels continue volumes per earnings per export averaged basis. of quarter per XXX,XXX over Pipeline compared placed a to increase capabilities storage, in third averaged per Saddlehorn about to average quarter, to expect day during of
and quarter $X now which $XX by quarter segment due expenses to the a was $XX.X XXXX escalations of third compared quarter, clean-up negatively increased environmental higher the in contractual rates million compared revenue and storage operating last slightly million, Harvey. Harvey. Operating of in higher work lower to million were The to XXXX associated the Marine compared period, customer impacted average period more margin impacted negatively activity generated the to as Moving Terminal last to XXXX. revenue compared to result year's with was to year by Hurricane current due accruals Marine as segment. in higher the ancillary
other income year's variances last to Now net moving quarter. to
higher outstanding, compared increased higher year being performance higher placed expenses quarter of plan head higher incentive G&A result expenses interest associated average than growth. a service $XX count as to quarter. Our a last as of our of XXXX costs Depreciation were new result this debt with result higher a strong personnel due approximately assets amortization result as million the to as expense year's increased a into and and of and
million the the position. of interest current regarding benefited I now to $XXX portion sale debt hand of quarter unrestricted of from had September move $XXX.X commercial XXXX XXXX billion. as outstanding I quarter, billion debt as our the approximately resulted borrowings. in long-term we $X.X a outstanding discussion million of outstanding with sheet conjunction and liquidity XX, we of recognized of no our end balance had which debt had earlier. the on paper Including long-term the cash gain a highlighted will in of long-term BridgeTex we at Further, $X.X portion and the of Finally, in net
X.X rate used to for our to interest ratio according calculated impacted down pay ratio was debt, as as included leverage revolving average positively period gain well The credit Our X.X% was BridgeTex times the as the was EBITDA current in proceeds debt-to-EBITDA leverage as and transaction by agreement. purposes. approximately compliance initially our the being approximately facility were
capital times. longstanding increase, we more what with below for As funding to now, ratio our X equity we expansion ratio any continue line Further, don't we we right to program, naturally issue but maximum fund needs. of see in this our our leverage expect expect levels, current given historical be to to
has will our any balance for underway. been over as the maintain market $XXX And to significant program paper I the turn program call a the program. any also million our quarter which We did backstops continue units back we some projects now briefly have have this under the this not credit under not the equity issued during it facility also year, guidance growth of billion, $X to of a update since program to but Mike available, continue place. commercial and units well in at totaling as to issue
