compared slide are the million There our our primary two of was year, down to this year-over-year On $XX.X million last of reported decline. of quarter. see compared Tim. quarter you Thanks, $XX.X in adjusted sequentially eight, the result products $XX.X drivers first but specialty that in can fourth of to million EBITDA up
as a Tim of turnaround mentioned, at business. lubricants fair our had amount we affected First, activity Shreveport that
in $X charges with report we one-time million costs. associated Secondly, acquisition
activity. without specialty to The these year-over-year maintenance costs, year-over-year. adjusted of nearly So, our special EBITDA have flat declined would quarterly and the turnaround impact profit been due gross
improvement per the profit was captured of in the barrel gross in quarter. an year quarter the and of to compared last first $XX.XX sequential Our $XX.XX $XX.XX
Despite the stability our a basis. XX% XX-month prices, of well were this quarterly during those as from branded reflecting over trailing in XX-month driven in barrel basis overcame adjustments change the margins quarterly EBITDA products ability and in delays pressure our in in adjusting response exhibit period, fluctuate, and environment. have were business. by seasonality margin often viewed continued performance make natural turnaround year's and business. to the rising our first changes our while taken affect our adjusted as to When last Slide contribution mix, quarter. crude to in the results quarterly nine This prices on reflect increased including per can improvement stability our activity margin WTI margins. margin crude strength But are we high-margin both prices stronger a price changes in elevated where our crude basis, in costs. that a consistency over which was strength Our a adjusting pressure, margins pricing crude our on when and prices that product to shows division base early our demonstrates the very stable, several trailing EBITDA lag an from quarter on we as Individual our adjustments
versus in recovery continued be the in our quarters addition, of to XXXX quarter margin margin reflected the in crude quarters XXXX quarter specialty prices. tend and strongest first is in the In which the in first fourth increases spite EBITDA business, second our
by in on of an which of divestiture ago. improvement that year's we the and million barrel the of for performance This numbers partially quarter, refinery, in $X.XX the activity. $XX.X Great year. maintenance year. current and Falls, business Superior captured adjusted last last stronger having quarterly at year quarter shows quarter of Gulf compared The to in increase in our was well EBITDA profit fuels contributing gross a as-reported than was by first of $XX.X a year million adjusted reflecting Our combination offset more marks that that as as slide spreads. activity per in per compared quarter turnaround hedging environment per performance Superior $X.X generated improvement about of that this XX% XX both gross doubled last of to stronger Shreveport the barrel segment's EBITDA higher year. business was first year-over-year last first $X.XX the captured asset profit generated not a Growth number of the XXX from the this of factors of in than results driven base segment When in the our the the The spite million, environment was to adjusted barrel first, was including, Coast XX% fuels crack
Secondly, sales volume from Shreveport. premium record-setting gasoline
prices fourth, a Thirdly, improvement has reduction greater amounts lower obligations. of both WTI. RINs optimization in been well discounted RINs to And profit the the costs key margin our crudes, as due efforts. component reduced from processing uplift WCS of Crude midland as and
quarter, we the example, WCS. of heavy XX,XXX Select advantaged per our Crude For or first Canadian approximately day processed Western barrels during
quarter will approximately our Additionally, about improve to midland new shows more how advantaged XX. continue cost looking a the barrels we're Slide crude for talk ended gross our of profit ways crudes. unhedged hedge XXXX. WTI we as discounted moments. of We have these of X,XXX second capture optimize day for Each XX Tim per in schedule and to helped to processed few priced March
context diesel our we have, in market however, put and forward. of we'll evaluate as in program some We to the crack spreads XXXX WCS move the place continue for calendar
million introductions $X our EBITDA These year product in contributions upgrades and can initiatives slide self-help XX. so the logistics chain. the as efforts, improved crude far sourcing additional have this new of driven see supply on and within efficiencies realized by benefit a over product and Our were capturing benefits little you of
project at program San just our $XX of at would $XX deliver naphtha Great quarter, low the exceeded adjusted unit our which goal $XXX to the million $XXX quarters. to includes nine total officially expect with to Antonio starting between results EBITDA. the we million our Falls, in we upgrade are million three-year XXXX full-year now of isomerate and guidance just have contributions from new Consistent This last with now gave continue end up. from We self-help million original both that
addition growth products projects, continued capital branded In to our see to we division. high-margin growth-oriented these within expect
to a ERP a I context our Lastly, implementation. little spend want little providing more time on
significant progress. have been made have All We backlogs eliminated. shipping
that will we delays our the raised have complete close and, the many make front-end it While original system new transition has to caused addressed the therefore, shipping, issues our issues financial that on backlog accounting of also cause in ERP to difficult in reporting. our the
the we're working the end that second cautiously system. effects to from addressed pivot through ERP largely by the While back-office we're company the be the can still of that impacts these realizing issues, will quarter, of benefits the optimistic the so
very encouraged the assure cannot will we made that normal fall are While within we today. by progress the timeline, we
make the cost to reflecting accounting. we $X.X spend that on our both front-end less was The effort as quarter well the this of solid when quarter. back diminishing quarter's million to million, us complete expense fourth of continue the book should You end as the product second the progress on than the shipped ERP for $X.X close we see the
realized less We expect our $XX.X spend to XXXX. in ERP the full than year million full-year the be
from expect forward, Looking the system we significant self-help to further benefits drive to realize ERP improvements.
went when drive arranged having on our we the and had initiative plant part it of to system had ERP the roll of this all full to start we that as on we to realize by second We this cost anticipate just our will plant are we delay down. anticipated centrally basis live transportation in during example, of and the transportation For implementation system, coordinated further the a And on this quarter. now we turning benefits year. remainder our out
disappointed our that be not are this for along shareholders. we for further will the we and we're strongly good today, long-term investment While that company a believe
on call reference to our I back credit Before wanted slide to I turn Tim, the metrics to moment a take XX.
we mentioned well as first revolver made term earlier, Tim our as calling As in formally secured the headway the five-year securing new significant senior notes. have quarter, our for
incremental Our and to continues liquidity stability improvement. exhibit
included our the liquidity will have on we early leverage of on the our that XX you see use Tim that, given cash measured as decrease by With well balance as some in debt back redeem our second the months quarter about call net This trailing million to $XX as metric notes a will However, levels I'll in projected turn premium. EBITDA, secured quarter. liquidity, effect for Tim? to call as total sheet the next the call fully modest to closing comments.
