you, everyone. and afternoon, Thank George, good
closed the For was website and information, that posted release refer today. additional to the information press please supplemental after financial our market to
our We experiencing $XXX million with are good with growth. XX% off and to lines this to X year business growing revenues of a total start each
implementation reflecting on our XX.X%, conversion faster and our focus grew business backlog. projects Our of
higher decades megawatts, as revenue operation operating to megawatts greater of remain, we to largely which improved of market well profitable base number our grew year, to large to Energy to adding operating to brought additional last operating in in prices. the an due the While X%, XXX and company. succeed provide growing asset quarter, XX steps We of revenue assets of environment. RIN into we the take challenges assets first to production continue as today's compared expect
a growing long-term to quarter, our had business some O&M very XX% Our strong due favorable on contracts. timing of
quarter business been the leverage continue X% We've in driving we incremental margin of operating of our gross said, expenses, revenues our maximize project development process, Our offset strong business business. as early as project than on dipped Gross softness our revenue In O&M cost during a outweighed leverage in as dollars higher the to PV in of of backlog. continued growth the grew integrated consulting approximately higher is a growth key controlling cost is savings to our signs Enhancing $XX.X adjustments margins EBITDA quarter, other adjusted of emphasize margins operating first increasing line are the key efficiency normal we and using and to us. well in expenses. profit controllable operating That component drove XX% gross of our for laser-focused XX% gross George business. And million. margins priority mentioned, EBITDA. improved seeing operating words, other as
contracted noted, The project in and $X.X first which asset the XX% total $X our reached first during history, growing X% our development XX% on year-on-year sequentially. backlog, exceeded by led and activity very quarter. company's both the backlog was George the and As healthy time XX% billion This grew sequentially. almost growth was project year-on-year business for and side billion our
are the and the asset fourth XX-megawatt Hawaii. executing press assets one in the with is of a net biofuel award megawatts the XX our in had Maui including of development successful represents the during with quarter development. many asset HECO added and megawatts in State facility new also release. assets mentioned ending over activity, in business quarter, we XXX This Energy of over We Our in projects quarter
approximately of cash $XX sheet We ended the cash corporate to million million. with and quarter Turning flows. balance $XXX our debt in and approximately
facility X.Xx. ratio bank our of X.Xx leverage secured level our debt-to-EBITDA Our remains was and under credit covenant senior below
range. value rate, energy very remains Our book in XX% by energy remember asset conservative advance divided a total you at energy which asset debt level debt our will is low the asset our
capital investment construction take under An with options financing our and excellent Roxana financing available. addition access a to RNG asset many strategic to plant, of our remains site partner, Importantly, example interest them minority supply. collaborative gas allowing to in our energy providing Republic in to approach our with access Services
Our in given parties many teaming with energy remain financing to assets proven interested Ameresco, highly capabilities. our attractive
into permanent investment addition, we for In revenue our executed, we raise or sell of business model and continue streams convert to pursue development. energy portion in additional transaction without the to once develop a the the this for capital Ameresco the provide debt. O&M assets model, and is asset our to assets need project would Under
strong positive during flow cash of operations with adjusted quarter. flows over million from $XX cash be Our to the continue
increased bill X-quarter we continue cycle, cash Our slides, we have rolling $XX million. metrics especially and in the improve, reached Ed best expect In seen battery represents average, which to to rolling as supplemental on highlight we both flow SoCal our the the our and we flows, implementation cash collect momentum almost projects.
checklist performance working the X projects. of the testing completion Ed, final are and substantial for SoCal of for Speaking completed on we've X
The summer. third substantial by impacted completion project, still to which was is more this rainfall, expected the significantly reach XXXX
Ameresco. will from asset together be revenues Solid our energy for our our XXXX our strong and backlog growth visibility that confidence a supports with start year of year, project to
XX% anticipates our full our EBITDA are at ranges, George midpoints respectively. adjusted mentioned, and of which year XX% we the growth guidance, As reaffirming and revenue of
approximately service place XXXX, Power RNG assets assets to expect to KÅ«pono our in asset, XXX including of during and plants, megawatts battery went COD large continue of X already one in energy United We which January.
find XXXX in details release. our press guidance on You our more can
back call to the turn over comments. to like I'd Now for closing George
