Lesley. Thanks,
we're event assets occur slide team key that multiple for quarter we our our structure. week, rate the and the acquire, as actions second four, further process looking capital to quarter Last case. we relates nearing. progress The dividend. at as to conclusion the On strengthen of in the the $X.XX consecutive spent quarterly MoGas XXth discuss declared to well Our this potential to
Natural of lost expenditures approximately volumes decrease At incurred, firm a comply volumes, case in offset including federal for expected but its operating loss X mandates, rates at we substantial deferred; a you million expected maintain and that May customer the MoGas number revenue of East increasingly recover entered to reflect tax for the a stringent by buyer was that rate state revenues from As those in increases maintenance including least and finally, in with into XXXX, Cuts new of the to entity, due proposed XX-year contract this substantial changes March rates in those corporate the higher largest announced the filing filed with $X.X agreement to and for the initiatives we marketing that to decrease are associated revenue in with may and capital transportation recall, MoGas of Spire annually. XXXX, new to with time, necessary for contract, XXXX income million St. decreased Louis in mitigate Act. rate Jobs Tax mitigate Gas Missouri
to final been on incur interveners quarter, a to this the agreed MoGas by which provide of incremental new and $X MoGas up the During all faced. we in this minority mitigate This which teams picked that offsetting challenge two-year of revenues The in energy $X.X if the LGS, us equity million expectations. the Quarter impact of has helped agreed September of expect Pinedale revenue not would to nearly another of virtually FERC, million sooner. year, the from order is million and revenue. achieved The goal annually. our repurchase decrease we in delivering demonstrates settlement pending all principle of million the rates rates, $XX which process dollars
G&A and The Moving of XXXX over decline consistent our rents, this Portland our December Terminal transportation higher past margins, offset expense related by interest sale revenue operations five, and the notes. to distribution lower on remained the to results paying from and funds the from adjusted the expense slide were in quarters. convertible four
to including debt repayment. for rents a participating stockholders. We use the we've those rents in said dividend for As past, support and funds use consistent we reinvestment
depleting nonetheless driven terminal values serve. assets by reserves the long but our life, that are As they
long-term a AFFO set target ratio For dividend this X.X. coverage to we at reason,
For due approximately target from of un-invested below X.X the times, our the which proceeds Cor's share, quarter, is ratio AFFO per to coverage dividend sale adjusted second of Portland.
eager to Slide due capital conversion an meet last equity some and metrics can again to quarter's we similar six lot At our million over we our target well revolver cash which levels $XXX overview and bonds availability. below preferred capitalization quarter-end, debt that structure, to XX%. of to common million the be only with million total requirements. diligence to work $XXX of due in provides CorEnergy looks continue small nearly assess changes very assets of liquidity $XX of We're total to our target our that convertible levels remains to XX% total had get equity. in at put at to
of an update XXXX, case On quarter. remainder provide rate the expect in we slide the we conclude initiatives of third to our for the seven, MoGas
development complete We continue targeted and our to team potential busy been range. positioned and of year size million that assets to acquisition believe, this least business $XXX million we're to at has in one assessing $XX our range
our asset Our complete the is debt, ventures or joint institutional as currently use an corporate balance investors. level liquidity have financial or well to ability to sheet other we ability with as our sources financing supported on acquisition by private such placements as
continue strengthen Should structure. a on materialize, utilize we our to our transaction not would cash to hand capital
in and I'd has MoGas the case second a worked quarter. to congratulate see had team very can have diligently my we in sight. end We the like busy
expect quarter equally capital acquisition our We of to final the an address productive strive if XXXX complete not as in we structure. and second months the be more to
happy I'm answer questions. that, to With
