and joining thank everyone us. morning for good Well, you
Chief is role last first our director our team. for on not am a of know, the company and As on have as Calumet this speaking the this earlier new four you transitioned our year. the analysts I time I years a to And as while Executive, unitholders range served Board over to advising to wide the Calumet our my CEO me company matters.
Calumet stewarded our accomplished Tim few also substantial our a built Go, management a transformation but significant us amount the of My This helped a years. business very predecessor, strong work team, significantly our of not short base last operations strength business. executive focus, asset in changed and develop to excellence, only uncertain going we us the term. fortifies of our all win strong which help the navigating to and be over the a self-help and foundation today. the markets of culture both This term foundation critical have long that in times over is
steps our not has know We deleveraging Calumet changed. sheet strong team We while improved and are I for the already completing has few fortunate world unitholders. through remain last and our months, some to path focused last have our a around balance our vision becoming significant the specialty on change well long a premier that us on returns the for over company term driving to products while gone
let's So on slide starting our presentation, three. begin
and of ongoing the pandemic. we specifics the COVID-XX of stay like quarter, on I into get the we the would decisive ahead update Before swift you taken to to have actions
and shores, of we the pandemic priority teams to the that reach realized will our been customers. activated has be safety and crisis crisis health top our and our So we plan. continue and employees When would our our
have authorities. federal adapting And following monitoring EH&S are developments best real-time. have and health at work and the new Those staff further ability, members health our protocols been workers. that included since protect safety This refining establishing our guidance we activated the and in local practice remotely leadership within who from directly corporate facilities our contingency working our of our to and plans. Those manufacturing facilities coming is
work. have begun business around of continuity observe back deceleration to includes planning and to geographies of protocols we getting our cases in many Fortunately, new our the
of We course back on are makes host actively work a returning sense, as which of to circumstances. many based scenarios assessing as local in we of begin our employees can
planning and new measures, continuity swift to took business. also action our of Outside safety we fortify
and We managing flows liquidity. our actively positive control free cash our to generate are business maintain includes to costs, healthy strengthen that meaningful liquidity. This flow cash maintain actions and
million now environmental to we to CapEx. First, for budget range of sustaining focused our entirely we our forecast million the down is of this year, And which our $XX to in original $XX from safety, on and expect stage, guidance almost $XX curtailed the capital million, million. at be $XX
our Next, were corporate we that costs. facility some part self-help announced This as our accelerated $XX use reductions staff reducing initiatives. of included other services, and fixed million previously reductions of professional of XXXX SG&A
The Lastly, ability believe to have million to control million $XX drive we effectively identified implementing begun and XXXX. $XX year-end actions more that by run new additional we an rate savings culture us model will commercial for we built the around of excellence. four last resilient over operational fuels-related also It the business from from have and comes comes costs a built non-core years. following the assets divestitures few of
ability the the global effectively introduced as considerations to move to manage the that forward. despite of number pandemic economy, give confidence that a run us has in we our So there uncertainty are our business
maintained and the state essential national to First, said we infrastructure authorities serving federal operations deemed stakeholders. as have have and and our our our I business economic earlier, customers
performance, diversity of our Second, an vast that array sectors. more product disruption market business and a stable formulations is provides inherently uneven end across when specialty economic products into particularly go
the contributes volatility fuels earnings. to to year plans stabilize And third, our our meaningfully hedge we increased earlier the book our hedging of The business. dampen activity in to
will we further of which see end. the finally, talk a at signs about And I recovery
introduced swan positioned uncertainties to term. today new that been confident have we better of are near Calumet Ultimately this our in world though, into is the black event weather much but the
focused of quarter against to specialty our highlights. Calumet on of first four delivered where and turn snapshot by we a results quarter. quarter the So strategy. another products Please slide driven performance solid execution to provide our financial
first the by of of in costs in segment which adjusted Calumet inventory EBITDA result from million core million segment. the delivered specialty $XX.X net by quarter, During of million consolidated were offset fuel both was non-cash million of and the corporate the $XX segment, $XX.X EBITDA That excluding delivered adjusted adjustments. $XX.X comprised our
These results quarter corporate segment drop reflect year's $X self-help in first million including actions. a versus SG&A last $XX million in
our quarter, the of blending Bel-Ray bring to of consolidating and During lubricating as we Farmingdale, packaging brand we products production blending into further our our facilities. elected Jersey New close facility, the footprint other
of strategy. we successful emphasis points number our of key of Next, across were a
quarter sheet of cash million our financing hand balance the facility. with finished available between and our $XXX liquidity and On side, over availability on on undrawn the credit we revolving
EBITDA credit leverage Our declined in to defined our a by metrics as half on basis. trailing turn a XX-month net adjusted year-over-year debt agreement
Operationally, we strong capacity delivered particularly at utilization, Great our Falls refinery.
reflective XX% have of forma throughput improve in fuels by as operations This the as improvements Shreveport is of at changes results pro we a divestitures. Our throughput the made recent to benefits well increase portfolio strong quarter. of structural represented the the competitiveness our fourth
we portfolio, we refinery, of to which our Falls quarter. options the last for Great strategic Regarding review announced the continue advance
in in the the asset Great We of Falls, even its high-quality the performance, consistent and have conditions. current given uncertain face good of these interest
specialty quarter. the for performance XX% specialty year's basis the in highlight adjusted gross displayed per quarter. XX.X% our our which EBITDA increased versus quarter. core quarter last specialty points margin profit business prior the core across margin adjusted was figure a year's segment in versus grew solid business, that was first XXX Another the key growth $XX.XX And barrel, over
on much the reflects in enrichment. results the in effect have of margin years our strong These recent efforts profitability commercial undertaken primarily core sales the business, improving unit in that through had we mix
we the have a take business to business extremely in on our core that highly the On Calumet's things wide end of a that of giving industries. slide of specialty is us portfolio resilience markets this of some supported with to ability uncertainty. a and I in an are diversified like five. by would confidence navigate touch that to products The touch period moment range to fact
XX,XXX sell also to deemed to slide has on than stabilizing products. demand in of industries infrastructure formulations effect our X,XXX for So customers that have highlights, across the our Many as X,XXX roughly been which countries. products, the this essential businesses a and more economic includes nation's we shipped to locations this XX
quarter. developing Over years, of we capitalize this pricing two right supply have maintaining saw the mix connection on enough and revamped while niche producer, the is the has able maximizing anomalies relationships, time, in and same last the back broader to be in discounts the terms for of both quality we have benefits. we on and March product producer yielded supply on focus into to the important our quality second supply the At a material specialty strategy wellhead markets margin to Understanding and to crude that to us optionality.
economics Falls On market fuels attract Also natural refinery to healthy to to the far This is the markets remains deteriorating particularly commands the benefit the continues asphalt, best fuels beyond of economics ability local which for region of fuels good as a is demand sell produces margins. our high-quality the a from and continues when note one across country. local asphalt Great Great margins. Rockies hedge refining side, to Falls its and see products other that our pricing from production
negatively we testing of to our and host respond a and now, how to order commercially stress within that as remains current test stress impact observing demand. we we are And finally, environment And scenarios right of in contingencies. the events operationally guide
but presently, remain confident So not to any weather in ability our in rebound. the subsequent pandemic only we participate
call for I of the that, now quarter. over more Keith? our will will with So detailed results financial to who a turn look Keith the give
