Eric, and Thank morning, good you, everyone.
results. to begin stronger Let drove me quarter Similar of QX. quarter, from XXXX the our fuel increases second margin first and the with our contribution acquisitions an overview year-over-year in retail
quarter distribution the was second coverage the of same factoring period income unit XXXX after million, XXXX. X.X DCF million EBITDA of in in compared TTM times, XXXX. million $X.X quarter in quarter quarter $XX.X Net second $XX.X X.X versus preferred was at of XXXX compared XXXX. net with was of coverage of the the with the end income adjusted was of $XX.X in to that second $XX times. was million Second holders in $XX.X distribution million QX in the XXXX million QX of
$X.XXX product margins segment. to The in gasoline year’s increased $XXX million. growth contributions $XXX.X Turning from margin average Champlain and of margin quarter to to million product to second GDSO margin million driven our The the and was XXXX. $X.XXX million the $XX.X quarter. Combined gallon $XX in in improved approximately margins. by increased Cheshire million, GDSO $X.XX acquisitions primarily higher to last distribution up margin July in per fuel to second product $XX.X fuel due
convenience added Station gallons to acquisitions, million company increased acquisitions, sale partially store which which non-strategic the offset sundries by retail sale, due segment the approximately sites. includes sales in rental $XX.X XX the of to income due increased million XX the $X.X product portfolio. to sites GDSO year-over-year, primarily our operated million Volume primarily and margin, operations to
At X,XXX conditions. comprised XXX operated In favorable commissioned contract due company lessee XXX the gasoline gasoline of to portfolio and and $X.X product dealers. dealers margin sites to end million or blendstocks wholesale XXX stores, consisted GDSO of of the XXX million agents, quarter segments, increased primarily more our $XX.X market
crude million was positive quarter in a Product million $X.X margin oil $X.X of XXXX. the compared with second from negative
by from contract million. last oils primarily improved pay Product quarter due market expired to impacted or down by million XXXX. oil, a Our product particular conditions related offset customer, margins partially was in with June to year margin in favorable less which was revenue in $XX.X for products related residual the take was second positively margins $X.X contract to $X.X million distillate. and other This decrease in one
$X.X million increased Volume in due in Volume product increases our due to million the segment million $X.X XXXX, increased gasoline. to gasoline million an primarily gasoline Commercial In of second our XX%, wholesale due bunkering gallons or decreased Commercial segment, segment XXX our gallons XX.X to largely to quarter activity. less approximately in in blendstocks. in margin and increase
in other $XXmillion, increased expenses, in taxes, to to utilities to Cheshire $X expenses, maintenance primarily $XX.X including million – expenses expenses. to and GDSO compared support Champlain $XX.X increased the and million associated acquisitions reflecting the QX business. SG&A their million headcounts our and real Turning second expenses operating quarter, and estate
higher QX on volumes Interest to The year compared was to period. expense due higher the increase with million interest Champlain primarily the credit earlier facilities balances Cheshire was rates. $XX.X average year-over-year million due in and higher our inventory $XX.X XXXX and in acquisitions,
and the our of business. of majority expenditures these million $XX.X $XX.X in of CapEx roughly consisting $X.X gas second related expansion maintenance of million CapEx convenience and to The million, store CapEx. was station approximately quarter
refinancing to the of $XXX completed senior maintenance private $XX in of For of range $XX a $XX million full of of CapEx XXXX. million offering the notes expansion portion year long and in with of million. XXXX, X% due range debt XX, to million unsecured we continue CapEx a million expect our July $XX in the On to we term
million, Proceeds XXXX under fund used portion credit X.XX% we our notes from and our agreement. borrowings of a a senior $XXX to purchase our of repay the due offering, to the
quarter reflect will financial offerings. to the the results extinguishment related an third debt private from expense XXXX early of Our
balance bank Turning new using are Adoption for materially or their sheet. XXX since of year-end. this accounting cash total $XXX to required prior did of million calculated our statement standard assets in Adoption lease more our not a impact new covenants operations and our protocol. XQ of in XXXX than under resulted XXXX and flows liabilities ASC increase has accounting
have credit our facility. to ample We under capacity continue excess
total $XXX under million billion under defined $XXX end our X.X $X.X the times of as we working including facility. June Leverage had borrowings credit revolving the second debt-to-EBITDA has under outstanding at our quarter. was approximately of $XXX million facility, As in $XXX.X our million capital million facility, of XX, funded credit our million $XXX agreement
to Turning guidance.
to and impairment early EBITDA $XXX the of This and We quarter the the full or gains long-lived to goodwill of extinguishment in on of offering. debt disposition losses million private $XXX recognition any expense assets to XXXX continue expect guidance of asset in the year before the charges. sale excludes range million third and related
Vegas. week, will know Before forward that we we To at MLP/Midstream of to go let next meeting the Q&A, look be attending, to you I all we to in you. with one-on-one Infrastructure Citi wanted those Las Conference
I happy questions. and take that, your With be Eric will to Operator?
