Dave. Thanks,
first time XXXX included is in the of quarter Crimson First core is the financials.
However, was the transaction. date only the are two months effective are Xst since reporting February the of results included in we today,
see EBITDA transaction $X.X of X, adjusted includes slide million the transaction $X.X $X.X of expenses, for of quarter. we available for of maintenance from million available QX. million; cash million available you Apart the of for can and million; the for the $X.X As cash distribution was in had The CapEx on distribution cash effect $X.X negative onetime distribution expenses.
we You the the EBITDA these and we for non-GAAP slides earnings of the our accompanying that help quarterly our adjusted believe metrics and income and of and cash We of excluding call might results. are as of noncash are for numbers XX-Q. by operational loss report and assess items provided part business the accounting figures CAD in this These these release, cash reconciliations to on GAAP net part are used here, are activities metrics notice measures, or the distribution. operating two or focusing available cash performance
into When equity. dividends, funding it our buybacks, is remaining voluntary and CAD, or preferred and repayment, measure debt to -- intended business to after highlight of performance We the the -- will measure standard account as without is capital a The presented of structure. we these available helpful using maintenance touch to Company. business representative financial of is intended CAD. I operating our other item stock needs generate regard including appropriate EBITDA cash to of interests, deemed as growth servicing CapEx financing take metrics. on in the FFO, measures are intended measurements, of Adjusted performance do is continue measure the for of The NAREIT as so of results debt but them last be definition CAD by a which our wanted be not non-controlling ability special our cash-generating included expenses, in to operational cash transaction capital. our as items REIT subtract such method report to is to and cash
occur capital the do maintenance expenditures not Our generally year. evenly throughout
the not daily crude may our may of is average transported -- in X On of historical quarterly QX, number on volume, graph a given our for entirely provide which XXX,XXX be barrels average, oil on not Crimson right approximately estimate we good bottom expenditure a our operations. daily any is customers the annual from annualized. The basis. when slide So, quarterly
which May As to to on you on dividends. crude the see, transaction. if that They transaction, volumes, B Class dividends prices part the Company equivalent date. of both which were May April can as The also declared respectively, on lower return its higher resulted the disruptions characterized issued on Distributions on the of our These stock. Crimson -- These receive units, on Xst. equal Company be Shifting Class the paid on the issued Crimson of are were common pipeline they yet to issued will in to and distributions the CORR accruing declared per A-X distributions Class series XXXX $X.XX previous effects expects securities unchanged to stock, are a as be current paid Series securities capital. on XXXX the on the to the Distributions B share they A all common A-X represent to its and were entitled oil newly A we of from production also they of dividends preferred, in declared declared tends declared as were lag. preferred only XXst, on and distributions and to started quarters. Xst in as the newly C from outstanding. have preferred The dividends since A-X as sides distributions CORR not payment and units, Series dividends see period also
So, distribution will August be their first in for potential QX.
of these the and providing an be risk on first the has greater in what our in to subordinated payment dividends present, in common equity, all As Dave placing dividend. we believe noted, insiders cash. intention Board pay kind other and to the indicated confidence and are A-X the distributions common At of execution line should
For fully capital provided capital This in recovery to converted the California. also an in what economic Slide additional timing previously details count to current to XX-Q except structure is our basis. this share the adjustment same X looks our which as and call. of the information pace of like covers our on provide reference, align and XX a on and pages our structure XX remains slides accompanying disclosed, outlook, for
to it assuming of combination million Crimson of does a require few Series or $X.XX our dividend second synergies. $XX share, expect the reach targeted in B, mentioned. the X.XX EBITDA to approximately shareholder At common stock, institutional half including $X.XX is on a We of adjusted XXXX, an That the achieve outlook distribution, provides to an to Class million. covering believe which approval. $X We available B questions annualized run stock both stockholders, full annualized above Class pre-COVID possible per analysts need target our to return time, we that In annualized adjusted common, through transaction of of and million EBITDA numbers organic additional closing opportunities before for coverage to of order conversion conditions, dividend our of the this $XX B level rate and call. we'll cash growth from times preferred take
will Q&A? needs you. you team, follow-up addressed will Thank you instructions provide our make call, and additional in Investor to reach please they out for Relations Operator, If or arrangements. not questions have today's necessary please
