us thanks to morning. Thank you, this and for everyone joining Ryan,
remind facilities results, that a moment the discuss periods. everyone coal end of of their refined XX, the I take December reached credit to tax generation would like our all XXXX, listening of respective we remaining as Before to
will -- will on basis our Group our report Tinuum and for I results we forward. investments have will separate a no and result, Services, a Tinuum with and only As longer consolidated reportable segments going
quarter carbon X, highlights macroeconomic first products supported XX%. year-over-year strong Turning Sales activated by on which to throughout for our factors. million, demand of $XX.X industry reflects remained consumable Slide of and our growth were the first both quarter technologies
utilization to Our in demand distributions XX.X% period adjusted need segment. million, in product third-party products direct of The the to Group third $X and as year inventory million, with source With Services supplemental meet compared our ADES and average line is to XX.X expectations. meet EBITDA and the X.X was gross prior increases to X.X prior coal quarter former down both basis. capacity was facilities, of demand. to our which first earnings reduced customer to our the year-over-year and distributions XXXX strong to Tinuum’s refined sustained continue earnings result Tinuum most due compared wind the of in the materially declines our a are from Tinuum to comparable compared of compared operating we sources to producing to Adjusted parties totaled from $XX.X activated million year, the our customer EBITDA margin average production the a activated XX.X% carbon in of supplement higher carbon cost, the We purchases net than of million of third-party for cost as was million recorded on loss in-house. year. income the cost net prior with
strong for the for allowing Red expectations seasonally increase our Importantly, our and River the months. quarter us as summer exceeded we levels within Plant the prepare volume to upcoming internal inventory production quarter,
efficiently result, ability a we more comfortable our incrementally are more obligations. meet position with As feeling inventory and our customer to
year. margins remain supply for these chain continue XXXX. cost of pressures inventory we And anticipate in do general to impact tightness the expect effect we and challenges to However, to the throughout remainder
to working XX these consumable months. through are products the increases over pressures offset past to related previously price cost announced our We
have high up our current for ability are as pleased new contracts renewal, on or contractual to have come with and negotiate those been business we renewal terms rates as opportunities have maintained contracts pursued. We more favorable
result, and have seen average will we success. to higher better to including for are the structural improved cost trend obligations, position inventory offsetting is lead quarters, price over which that take-or-pay few a making The pressures long-term more As our pricing, contracts, holistic commercial our the volume selling changes related projections, such increased as areas times partially company we logistics. past and
course years, However, the our would generally discussed turnover on base. portfolio four of customer as contract we in March, to general within of based our occur contractual three over the [regulations]
or Regarding our ensure million. the in totaling restricted finance production, allocation, of improving customer manufacturing capabilities our first remains with obligations. our ended to organic cash assets of profile operating $X.X investment and manufacturing liabilities, debt priority a We remaining the outstanding fulfilling capital cash our million lease our including only the and balance quarter $XX.X
to relates evaluate it to value. with the strategic progress to our remain As available shareholder we maximize review, ongoing opportunities to us pleased
that and River has stated no way impeded in profitability since its the no conclusion day-to-day our that enhancing on Plant. the long-term day of from one our timetable or focus of continuation there for We our operations, is have Red this attracted process
where provide forward. the with updates encouraged stands process we'll currently as and appropriate going are We
for the outlook remainder of our XXXX. to Turning
top as We overall robust contracts. to our expect terms contractual improve for strong, been demand has our activated carbon continue we on remain line to our and technologies
inventory, as under applying to necessary product our challenges inventory pressure to that previously, costs freight, on well as chain as remain other are as are carbon pressure impact tight supply anticipated to stated and upward due As conditions related to the expected and broader purchases year incremental inputs. well full transportation margins supplement of
to through product mix I As grading continue customer offset overall optimization, improvements our mix. mentioned, to seek commercial we in terms, and overall pressures top these
quarters. and coming Our inventory to incrementally improvements optimistic we are our position ability has improved in cautiously further realize the in
the in of XXXX. in tax collect as from currently $X.X to is occurred after of meet that production meeting standards to methods net tax at other end of previously generation requisite the of expect emission to $X Utilities between the quarter to the end cash Section of the down process credits limits. emissions Tinuum are Lastly, business its leveraged second tax flows the Tinuum transition of XX period winding we million XXXX. credit million had
have our basis. front-end and revenue to number go purchase front-end be coal. facilities utility these products, While of drive will these of on a A forward reached their to which the refined will incremental many begun credit of help for application already end period, customers fuel and have carbon remain the some utilized or activated place our to generation feedstock in technology chemistry margin tax may
We previous carbon continue and to our to customers solutions our transition competitive. front-end No refined front-end to a activated coal. utilize solution these continue from lost that are Tinuum and during or transition customers technology the products
we adoption first performance progress snapshot first X in review Morgan I the date our in greater the Fields to our turn Morgan will such, pleased financial with quarter Thank With quarter to to products. As a of our provides of you, that, Slide financial detail. our performance. are call over Greg.
former in year in of was for consumable and compared to prior the of than $XX.X revenues of coal of collected respectively, $X.X related during royalty benefit the increase the revenue million payment segment. result more million royalty million quarter our XXXX. million the million quarter offset which increase refined royalties earned from the of $XX.X the products, earnings a XXXX. million, The First XX of in XX.X first and were the quarter quarter revenue sales first XXXX $X.X We of final and to revenues cost in fourth
operating expense, strategic first offset million, primarily benefits higher professional which First quarter was depreciation partially was quarter XXXX. by well higher expenses payroll compared to generally other and to amortization million the for X.X related The were fees X.X as and as lower of process. legal the of decline and result the
generation of investments were the to as refined First XXXX. quarter from million of tax their first period the XX, remaining in result the all XX.X end reaching decrease million for investments earnings XXXX. method equity equity earnings of is December coal quarter compared of from The invested X.X facilities method
investments. for First quarter senior second full of XXXX earnings first repayment of of loan first expense expense of term of loss company's company for compared the driven quarter XXXX. $X.X quarter to not wind The investments by by primarily in the a of the million The to compared million $X.X expense Tinuum quarter primarily driven of net the of was quarter of result the The to quarter the XXXX. quarter the the for reported million, first XXXX. interest of million from down recognize as benefit income XXXX the $X.X change did the first expense XX.X or during million method income The was tax was lower $X of equity of net first compared decrease a in interest tax company for XXXX. income
adjusted First investments, million EBITDA to EBITDA RC contributed former quarter in primarily The related X.X of decrease was prior of adjusted compared year. quarter consolidated from XXXX. which a the the million our result XX.X in in of the first segment million, was during earnings decline to Tinuum the adjusted XX.X EBITDA
only collateral March The cash to stems end in quarter. compared totaled of are which million balances the our the including outstanding the surety totaled of reclamation post bond million, Marshall, to the $XX of finance cash obligations, as from an XX, $X.X to restricted the debt and related The year. million our for the of $X increase cash the obligations Texas. company's due under XXXX, of contract As restricted prior $XX.X mine lease requirement million
Five remains for attained to as million. we million. at Our result, the of at activities a of Marshall and schedule, Reclamation related activity Forks reclamation stands Mine Marshall and the total savings obligation cumulative date mines, to have currently $X.X ahead approximately $X.X
to collected share amounts third-party. the of capital Norit Marshall turn And first to shared change occurring payments other now control the reclamation and back to of quarter, from Norit’s Norit due a of reimbursements to we Greg. in $XX.X will call costs, owed the related Mine over I Additionally, million
