you for thank the us and today. call afternoon, to joining everyone on Good
public will and forecasts forward-looking and These in include are today to cautionary uncertainties comments Our plans, language actual cause take our under to risks presentation disclosure results U.S. our note that subject the could forward-looking from materials. and provided the securities Please are risk law. the other factors comments differ assumptions, materials and statements. statements that estimates of
Before what What quarter's and accomplished over of to be dedication few NGL we we have want financial results, months take some achieved. the into the we we months. should their get third this extra first I efforts time we've I all last and for wanted what proud to the have astonishing, quarter. over thank discuss the to employees is few accomplished last
working contract working a capital. able December Operationally, on On new faster shipper we with This is this of on Mesa been expired Mesa whose MVC pipeline. the [indiscernible] our January permanent have held execute and have entering on pipeline, pipeline XX. Grand capital. freeing of Grand into the X-year on plan season season the open counterparty recently open we closed will also same to million long-term new to million $XX prior agreement, the We MVC the X-year on anticipated. counterparty the be up release $XX X, we a than an a
to pipeline of Pipeline of into day a diameter Lee hedge earnings the weeks new facilities expansion require existing A Andrews County see will Express volatility the in business on release to XXX,XXX and LEX more fewer system of -- per we with crude addition type outlet produced MVCs. capital. of significantly working on ago, XXXX. to thus continue issued few in barrels the produced existing supersystem XXX,XXX per into expansion the capital to press water water more new ratable, a up of the fee-based logistics the takes of produced long-term turns system further should and day County. The reducing barrels, greatly These This for As negotiate working capacity disposal pipeline, we continue contracts we reductions recontract wells new reductions us a in create water. water second NGL's of Delaware larger a large capabilities Basin expand barrels and pipeline,
water water XX-inch recently executed gas of oil an with continued is example Lower strong types includes and producer. able disposal a demonstration extension II of LEX areas fully diversifying XX-mile outside construction to its disposal of basin, minimum by underwritten investment-grade contract the is the an XX. being expansion the the transport dedication that location reliable will in the water the The NGL's of with The company and core pipeline execute transactions our commitment operations. further produced most geographic of on volume a thereby dependable upon we're acreage This to
rate stack maturities. X approximately we $X.X horizon, X, exposure the The With years on this to future. we projected term floating cuts optionality the our on interest lower Financially, should new debt capture interest maturity the the corporate plans. billion rates. loan on towards maturity provides accelerate expense February further of debt while in able to we be also weighted our the the closed rebalancing our deleveraging refinancing by us extended providing refinancing, prepayable of average debt, With to additional
in capital XXXX, and sector history. midstream most the tranches X effort raise combined financing The largest NGL's since significant were the efforts
our We few last with the over have strategy quarters. clear been very
rating and credit able been X first rating BB- all Moody's In single notes we coverage decided to issued half term debt the anticipated. years, new over and issued the transaction, to execute X earlier the With last this rating and to loan. refinancing Fitch with and address high-yield to months was the this credit corporate on company and the raising [indiscernible] S&P spreads as in agencies both ratings maturities energy one the B. corporate single with calendar a refinancing trading well ABL. B plan this accelerate Our the we've and while on of extending connection than amending initiated XXXX, secured notch simultaneously of
debt of The with X non-call consists XXXX secured notes -- billion non-call extended of at million X.XXX% more flexibility. Bank XXXX. interest has $X.X $XXX [ of commitment to same at years commitments across that $X.X ] provide with notes due same getting ABL due within and million the notes from X senior covenants of XXXX. time, a been X.XXX% documents while the Group the the few $XXX new The X us level billion X-year and relief stayed of key at X-year
rate into addition notes, In we a of fixed mix debt. facility term as a wanting term the $XXX loan into refinancing is the X-year and loan I million debt, rate floating The earlier, mentioned entered facility. secured to and we floating went
strengthen and continue the to we next unpaid plans borrowings also proceeds the including This funds applicable us being to the senior ABL. capital way. the the the structure. 'XX term to gives balance to ability and are unsecured connection The the take as step refinancing be the from notes, unsecured along execute the 'XX and notes, to the also fund The interest. any used loan to allows operational facility us will redemption 'XX on the and accrued premiums used under we our in transactions addressing with notes net fees sheet reprice and repay The the as our in pay secured transaction expenses of
this week, payment arrearages securities. announced classes of XX% preferred for the outstanding X on Tuesday the the of On we the of
flow after refinancing. address believe We pay cash using catching we've are these than anyone Over we down quicker arrearages free our up ourselves quickly position been and to the the last arrearages on anticipated. ABL few to months,
of holders made payment The XX, XX% be payments on first February with as February will made being record XX. of to
of For Class they Class per the preferred B will of receive and approximately unit, unit. the Cs holder each securities, $X.XX per the receive will $X.XX holders
the and the In of we C of payments Class are holders, the a to addition holders B payment preferreds. the to also million Class making D $XXX
will and market we expect to are on are we question plan in the is first the we raising half session after we current guide preferred the full declare when press we close The distributions. The the today, free to the the Q&A With receive make sales sales payment issued second Liquids In working to XXX do should release release million flow, year ]. near remaining remaining make of asset capital by million. the payment [ in $XXX from sales segment, asset future. on cash asset XX% the very the $XXX in we and
as we in thoughtful of this payment kick fiscal assess budget cash be off the on the capital will the We late timing February. XXXX process be and we flow could what as budget
Over a positioned address to the the we have quarters, maturities. of several last partnership market debt to take the window advantage
our preferred flexibility us arrearages. quickly next execute to of step allows the to strategy, the long-term take the addressing ability Our
continue to achieve we strategy evolve. long-term our As these will milestones,
With the should made have financial feel third consistent with that, We get we results. but have progress our to quarter the the additional of let's our messaging stakeholders steps comfortable and way. into complete, all along
quarter. $XXX.X the prior third day quarter X.XX the volumes per per in $XXX.X million quarter Solutions' quarter. barrels Water the third day disposal EBITDA third million the in Water in adjusted versus was were million million barrels X.XX in prior versus
fiscal on second Mike volumes. As call, main expected mentioned would the drivers There we versus quarter. X are volumes water our that quarter impacted down previous disposal the third earnings be disposal
that lumpiness disposal is will going will all The volumes keeping are This water our good NGL producers completion produced activity. these in location receive First, completion volumes activity location. for news completed on is disposal forward. once activity at create
a NGL those timing isn't it's just on any when losing be received. issue will volumes volume,
quarter a to system. included they quarter. for gathering water we these volumes for get major. paid deficiency for This was the currently The XXX,XXX own impact pressured This gathering its per MVC we system their volumes investment-grade working disposal and of physical on important we is Second, these in energy up with reducing water limited pressures can the have producer get the was the producer amount water are not third on that day and approximately to system. on our large remember an report. It's volumes volume barrels volumes integrated
tank best third was negatively Also, maintenance in impacted Logistics the crude EBITDA in prior receive to the rental expenses lower this Oil as rates is as million partially offset went $XX.X with quarter of expenses by expense sales barrel, primarily This higher and were decreases versus These Crude lower Water lower cleaning. we timing and adjusted chemical to utilities the to MVC maintenance quarter. The lower industry. other contract Solutions remaining. has EBITDA in producers contracts. was differentials $X.XX pricing repairs, expenses, below $XX. approximately contracted decrease X $XX million due certain margins repairs expenses. adjusted And third WTI sales certain lower primarily at due per preventative to maintain the generator and due continues years operating
remain impacted to constructive DJ We pipeline. producers contracted same Volumes adjusted our on marine on by of in the the previous the to quarter Mesa Basin when the Mesa the open to and on important decreased the due sale our having -- the results demonstrate season March compared March XX, on in acreage Grand Grand slightly dedicated to is on long-term lower most capacity XXXX. assets production Also, EBITDA pipeline. believe the recent the of of quarter
the We having to updates future. DJ to in the contracting with look near and the in will producers continue additional forward work
million have weather was butane -- have prior propane and This prior in was products This higher third volumes tightened margins. due demand lower to third was blending. the certain refined and margins EBITDA quarter. the due versus markets the lower to for Also, as Liquids quarter. third adjusted warmer issues been in logistics in in $XX.X offset increase and alleviated partially on quarter in seen million EBITDA year higher $XX.X supply margins by the margins
with adjusted associated activities. other want settle dispute income third like over prior I of year to in and third to EBITDA the $XX.X prior now was third other quarter, Corporate million to our quarter. adjusted would remind in income included turn that the CEO. of I Krimbill, to loss commercial and the Mike the in versus million everyone $XX.X $XX.X of a million Mike? a call it quarter
