to out. in business we year to are out the the in seeing Thank and results and the you, me achieving our results. and how operational our we our what are for morning, Liuzzi, and joining of the for then uncertainty, briefly quarter managing expect quarterly of plan highlight COO. the Matt is Also thanks CFO; call financial of ultimately, and today. a Manias, discussing morning, our the I model, spend solid we with our results This and released Chris. play more XXXX, quarter operational rest first business time this we Bill everyone, Good how financial field,
million, EBITDA of $XXX We operating Revenues X% much had consistent was an expected. period. adjusted up periods. XX.X% of up the margin And X% XX.X%, EBITDA quarter year likewise, achieved margin quarter as first million metrics year a went the ago of with were ago very The and XXXX. of approximately about over first adjusted over we both $XXX gross
ago the Average active utilization returns, period, throughout towards million the reflecting and quarter the in from X.X modest consistent We the of we end negotiated. X.X quarter. was a in fleet. deliveries down approximately unit with well Average as horsepower, quarter move about million particular, increased year year ago slightly of the quarter, the ended XX.X%, amount service new period fleet the some across as during with the at horsepower the selective increases the impact total previously pricing modestly rate of reflecting first as
horsepower, from fourth We XXXX. saw gains expectation average per up into move our $XX.XX the quarter. $XX.XX This as in previously monthly discussed would through reflects revenue and to increase pricing moderate we that
during the $XX.X delivery million the units. spending consisting capital Our of XX,XXX primarily consisted large included expansion horsepower horsepower, CapEx, new of of of quarter which
any growth we release, March that earnings spend spending over back by our discretionary in the that for followed. our of CapEx committed We reducing note amount to. half will take spending expected place XX%. been had in about XXXX early had You year. time growth cutting CapEx the of mentioned we the by and everything already I the QX anticipate some QX and That of locked not has have that events will already
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Just on as quarterly decision quarterly a the reminder, makes a of distribution basis. Board is that a our Directors
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pointed to of optimistic be stability about always have horsepower and We business. to this business the the future model of continue large the
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up as We oil downturn low $XX commodity as last XXXX back to? barrel. in So a XXXX, down Crude what are saw time our per customers frame.
our smaller where horsepower maintained growth over area, soft margins, midstream cash surfaced. EBITDA We mid-oriented all and have X with exhibiting control decline by measures almost We stability XX% fleet The aggressive as took greater had gas to flow cutting the mid-XX% larger was expected. cost well while flat and relatively years. horsepower fleet CapEx utilization the
latest market return of fleet this the customer's price uneconomical. different units now While lift the assets crude predominantly prompted demobilization for the and wells oil events underutilized the are from shock which was of series have seen at XXXX a expense. gas have turned that response initial we oil cost, similar that month-to-month on low which These cycle, The of to the contracts. customers. applicable have somewhat This only decline of portion sitting are smaller is their
decided returned some the In cases, as some their operations seen customers out with basins. overall the and Overall, their so replace some recently well have are own particular larger well. different working our get redundant customers to different what bought and customer creates and may horsepower our units to for their have as figure as industry, holds different equipment. equipment future that for motivations units We
to In rate, considering temporary customers short-term units on dust move economics, we cases, a proposed bit. a a requested are ability few to contract the have rate customer, standby concessions the Depending and settles the or the while and it.
of and much nominal the how We collapse will this wait decline, XXXX junction, have to slower a and behaved much home. quick wave of returns, XXXX additional horsepower by wave and At of like first occur, with see seen comes decline. the the XXXX we returns somewhat a initial has followed much
remains risk few returns of next continue will associated from We monitor the to greatest. closely over utilization declines quarters, where activities gas the
have commodity be pull, has of of years. to been levers can with observers seems will depending the activity business We common by that well and an and This some There sense we lots to significant downturn. price them the this service on USA a we duration is oilfield misperception pull a depth still exposure plan over and Compression risk.
from applications. larger activities focus price Our infrastructure away been oriented purposely that toward gas has and natural commodity serving introduce risk demand-driven installations
have, years. into pressures. over rates We steady many initial settled volumes relatively stable significant have beyond the flush installations These with have production centralized in phase recent thereby, deployed large horsepower of stations decline compressor moved multi-unit, and the more shallow phase amounts state in and the and cases,
wells reservoir age pressures naturally be to accomplish customers' these operational horsepower the continue needs. to climb, As more may the required and
I'll Matt? to some of highlights now of walk the Matt over turn the quarter. to the through financial call
