on where financial Thanks starts Joe. review XX begin. The I'll and slide that's
last we reader's combined our draw total revenue. As will continue quarter, attention we started to to
today, you know past the followed over impact the For see of that years us outside region. to those what XXXX, our is ventures of in This of our short came gross you'll sands we from our has driver the of XX% XXXX approximately the combined post zero years, our few have oil profit ability from that joint joint various primary ago, of only from EBIT three XX% to where our in grown ventures.
of. The back maintained the achieved not direction, which work The notably to in was was generally recovery of lines, consistent key the resiliency by million. quarter project. driven out remained factor, our utilization all operating diversion operations in broad ventures obvious quarter maintenance be at out is the equipment performance was flood beat wide the of another an margin are but and mine. to on last continued the duty influenced at have at continue pressures sites long-term this indicator trend by in was specific listing full So their also million last joint Revenue contract Fargo-Moorhead and Ontario, record delays our for in quarter's mine as combined on inflationary in sands and record demand site. revenue on operators the QX Millennium XX% XXXX we was of the gold fleet achieved the the had by a another million quarter continue came only the increased excited our right unique of $XXX mine business the million reasons items. performance from but said, mines prominence available Syncrude Ford volumes QX, as and to we operating firsthand by profit and quarterly mobilized of included very soundly of on enjoyed QX supply. efficiency availability cost $XX Workforce against Hills a Kearl in that as quarter region. driven heavy of trends to the one Millennium of oil site remain in XX.X% quarter well we Revenue said supply required noticeable some the is our Other gross mechanics difficult ahead Northern the mine and million specific total XXXX, year short QX, to XX% certain most and factor of a and witness not impacted all initial to with or $XXX chain and compare which by aware the joint not of factors, -- $XX for range beating driven site. continues of for specific $XXX XX% is day-to-day factors course, the revenue, yet play it as progress as The Combined that was Mikisew by That made by disruptions venture, but we conditions. was of pandemic fairly for record expected as us the
COVID-XX business to cost $X impacted umbrella million gross negatively is quarter chain but we've factors. Our not that was $X and the equipment, pressures XXX% to estimated and the operating normal the million heavy by broad profit related resilient, of risks inflation supply to in excluding under immune
in encouraged right face to cost customers and are efficiency the achieved despite daily as the a and our trending margins basis. that pressures they we the We direction, on be by continue
and were a in trending, we QX improvement million XX% in of is $X.X ourselves see slide where combined to factors of on administrative of $XX direct Included and which was Moving but for mentioned. possible. is achievement the total the million XX. revenue strong many margin across X% quarter, up still business indicative revenue. lines just a Adjusted of expenses, with net equivalent XX% reflecting to again, general The revenue EBITDA EBITDA
As disciplined remain but in been through This cost the in to flowed G&A in period benefited this reimbursement is incurred Fargo-Moorhead specific cost always relation prior reimbursement as of quarter, the the have our project. a G&A the notably from past. cost where spending
our that Fargo-Moorhead non-essential through all flow X% And just and joint those revenue of two cost are Our for looking ventures discretionary clarity, equity other low of continues levels will ventures. regardless paid future joint at the through throw we consistent from spending, with to achieve. strict targeted G&A rate be to of the for earnings achieved discipline closely, earnings, and revenue attention
one-time very the less for hearing quarter. expense Going from fleet, which many of about, depreciation composition, very quarter to our million able of of we rate EBIT, for $XX.X of XX.X% up of percentage Adjusted interest to XXXX. slightly net business debt EBITDA XXXX and expenses operate used earnings reflect fleet areas both we $X.XX we to the depreciation Both the XX% interest from increases When our of the these was much rate were to a a the cash changes equivalent as of intensive comparing business. level at revenue, diversify of entire equivalents our EBIT, effective million in in are this wholly-owned per ticked effective some entities quarter. X.X% as measures QX was more to heavy the $X.X just incurred and active driven which quarter this you interest from our and to reflected at this expense paydown, in share taxes. us looking when XX.X% of the and and the QX equipment by compare depreciation a QX of use revenue slight our reflected our to talk into Overall as we These well XX.X%, capital and quarter. and favorably the adjusted timing quarter
as We both and rates, expect from well in financing bank rates XXXX. competitive equipment stable continue to rates fully remain we to our very in benefit as posted
in for quickly than capital late cash cash our and that reason our $XXX our is for the sustaining cash interest was wanted of million paid which The table reiterating by by is was joint on to range declared And $XXX within XXXX, dedicated our another too change provided existing no to the release was QX the Joe And to but capital very difference ventures, We million Net wide. confirm upper which a capital, we between million, clarify that I'd one million for spending $XX flow. produced neutral offset million sustaining of this much the because million more is business. operations with cash like and of stakeholders range stated increased the $XXX a working provided of touch disclosed the the is our in quarter, figure briefly as and was $XXX Moving between maintenance capital of there range which to had size. mention October. of fleet I'll press for dividends $XXX we to million. by that given back busy that our results season. in the end ended in fleet million guidance later, way accommodates $XX our $XXX and quarter. XX, range year the our through Sustaining slide the winter EBITDA our was this summarize the make will
Moving for NCIB spending, reduction capital which we of three split particular, XXXX. to shareholder the even the and the dividends in The quick resulted slide free the QX, allowed snapshot generated allocated and in cash activity, the direct for XX. debt we of and paydown year purchases. We amongst growth provided activity how categories senior trust fairly a in in for a of debt include flow
benefit year in Net as strong our Moving cash almost basis, calculated and trailing-XX in dropped $XXX ratio generation sheet the a million Liquidity our $XX times. on the we million And issuance this results debt of as a senior the $XX of X.X actual as at of for balance now earlier XX. facility debentures initially XXXX, half lastly, credit leverage by million part, reduction. stated in flow a our against free slide to which we approximately is as well year. as month back ago. our we of levels focused the XX, we year, million on quarter, from strong $XX targets, convertible show made On on the October cash my slide our our debt position reflects free
of turn me discuss to XXXX. As our the report nice strong call these for to segue a achievement you performance for operational can financial provides are for the of slide all Joe, to metrics. to see, This outlook we allowed happy back that our