Catherine. you, Thank
and XXXX everyone, the Resources Sprague Good Call. welcome Quarter Conference Third afternoon, to
Joining Gary Vice today President Financial Counsel; me are Kory and Officer; and Operating and Paul Chief Chief Officer Accounting Scoff, our our Arthur, President Officer. General Rinaldi, and Vice our Chief
date statements as we statements to Sprague events. Actual a SEC. our risk on are any and As include XX-Q our some of could anticipated filings cause Please believe plans uncertainties predict. any future refer review and results current update to or today's of Sprague's reminder, to other with which results to reflect future the based reasonable our be our and today's and will expectations, actual undertake factors, risk to which not results an call regarding may differ of prospects. significantly of information XX-K does from new These current obligation statements are list to because that and difficult for reports differ extensive forward-looking
posted earnings Relations of release, our supplement describe Reconciliations financial and measures. non-GAAP GAAP measures third in to certain section comparable our of quarter non-GAAP our also business are are quarterly Investor using which available We to those the our press website.
quarter expectations full year for line third with caused our temper our results in Sprague’s were generally have results. While to expectations, recent us dynamics
driver market to million to coverage where of one of maintain This our growth primary and more some current to market distribution conditions healthier relative to in in share trajectory that XXXX. reflected set for Specifically, expectations we're changes times XXXX the like limited believe, has also prudent the year second years. million lowering full slightly our we're previous the EBITDA in it's on as XXXX steps drivers our third the is to I'd our $XXX decision adjusted quarter our perspective have October $XXX anticipated board's to business beyond. environment. our at to taking products moderate view importantly, longstanding and for quarter ensure coverage weakness been levels, range our our The we returns in levels guidance lower and ratio the below opportunity distribution refined to
Specifically, the an convergence and ultra-low standard ability to largely to products our oil of northeast markets sulfur sulfur achieve as heating schemes specifications associated eliminated across prior beta years. blend in has
clear, NYMEX the biofuels while the economics likely contained same we To be [indiscernible] attractive forward, dynamics. has storage the less contract to credit Additionally, NYMEX At oil the aligns opportunities to biofuel see blending continued blenders do are expect activities with curtailed weakened opportunities. of a the future has market and time, bioheat to product biodiesel of a structure limited sales. and other absence be going as
also services fracking subsidiary in at our see a expanding current to While prospects that continue solid tankage clearly our cost this activity services. create for handling near associated We've in conditions materials conversion they what further additional in to believe some savings for temporary prospects consolidation well Coen generate as term be weaker we as recently demand region. also headwinds, we downdraft to seen and offerings
a rising Finally, the not have interest increase resulted at been realization rack. which higher the higher prices yet commodity of and corresponding in an cost, combination by interest rates in margin has accompanied
a been before capital is decided has market that increased are there experience Our working in reflected costs effect pricing. lag
in note challenges, immediate the efforts to term, a costs. our guidance mitigate these revised that reduction in our includes significant to Turning SG&A
organic customer after bonuses products our initiatives facing rollout Longer friendly of pricing and development versus intend surveys incentive flow generation challenges. investments design in additional strong the scores meet include the of gas to realize complex customer targets. BXB real energy Sprague growth, net benchmarks and platform continue growth, to promoter program superior compensation term of we business time delivering mission accrue only refined solutions discretionary our stimulate verified our and cash and in of the our of tool. of customer natural simple anticipated including spending investments we As and limit where levels Recent uplift satisfaction and drive base distributable of assets have fulfilling next our we the to unitholder experience to our logistics leveraging from the
continue to our trial petroleum moving with participation participation to solar results of our pleased this with in goal and a forward of area. in been of thin energy also film We're plans move expand increasing We the have on toward alternative our our offerings tank.
Kildair our pursuing Finally, of we're from valuation the ethanol our projects to expiration in of Lawrence Carbo in crude expansion handling we're enhancements From acquired initial in of case. blending, following growth EBITDA, I'm June period capacity report number storage year. last terminal at for at interest butane XXXX. the pleased we're agreement seeing also to growth relative getting a that RAC to the X-year exciting meaningful significant to
Now, to I'd Gary results. our like quarter to Gary? turn review of third for the a call over
