Thanks, Tim.
year. the gains versus somewhat weaker in margins of from year's the year-over-year, driven drive conditions were $XX to segments, effect volumes Our volumes both fuel waterfall segments quarter. adjusted both Starting and businesses. stronger in quarter first by million, declines adjusted quarter. specialties by offset impacted of year's last fuels turnaround the stronger across in the the fuels a weaker X oil Slide EBITDA both last market reconciled our and of versus roughly EBITDA first from stemming an results specialty oversupply gains baseline helped market this stronger in shows quarter smaller was last comparable and These base
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made the technologies biosynthetic strategic also our to monetize decision We investment.
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million forecast total $XX with capital expenditures million to capital last $XX to years. few in the for full continue in the line expenditures We year, between the
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flat relatively held you $XXX cash. As million at opening our of can cash position million see, ending $XXX
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utilize and to operating spending capital. debt funding for to our cash to needs available opportunistically have reduce look burden will We we that our in after the flows cash providing excess forward extent improving capital
Calumet the XX only from of year, to from has credit outlines generated the four the from flow retired of cash Slide which last quarters. our steadily operations, this positive dating beginning XXXX. notes in that we the of five interest excluding improved metrics, impact operations was back cash positive While secured the last flow second quarter
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program the has from three to X.X quarter. leverage, by EBITDA announced the as declined determined net at we end X.X from last over as X.X times debt Our times. XX years down of to adjusted our ago, XX-months adjusted to debt sits our trailing Since of net times, times self-help EBITDA, currently
our the lower trailing on that the and XX-month ongoing we observed these continues the increase with driven totals that to to last of trend our chart our is reduction of leverage EBITDA encouraged EBITDA deliver the balance reported of year this progresses, hampered Our strategic focus grow results. the and by net on yellow last Calumet's progress are significant the as figure reduced taken has thus, imperatives, Improving capture. is drive self-help the year, made It pro adjusted XX-month forma, recent to our and investments leverage which continue meaningful adjusted on our to alongside debt. not leverage worth we which by the assets the was quarters. box, as year, we and experienced adjusted one prior We've trailing further even we expect highlighted EBITDA and most impacts sheet we EBITDA-producing positive are negative as downtime in noting
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quarter, position the unsecured our extend During inventory majority out swings notes. agreement supply were and to our commodity liquidity agreement we XXXX, beyond inventory in derisking of our financing The is able pricing. June to update existing in valuable all the from of
Calumet, signal to term that made and turn status material changes and of providers the the capital believe that, extension back our of Tim, recognized a balance business. coming are the improve financing we of our program the the we've that our markets to maturities beyond unsecured I'll for open of outlook the positive that to discuss Importantly, our quarter. our With self-help forward and sends call to sheet
