first good Thanks, again the delivered everyone. quarter. quality morning, in results We Scott, and
of quarter, for write-down $XXX For net million million and which recorded the noncash $XX the $XX on includes a partnership sale million, held income noncash assets inventory adjustment.
adjusted or cents DCF EBITDA, per reminder, a affect XXXX adjustment types these to Comparing not As XXXX. do of gallon.
quarter stronger credit million $XXX our leverage, first quarter X.XXx. defined XXst of XXXX March million. of EBITDA in as EBITDA adjusted agreement, exceeds XXXX quarter results of adjusted First $XXX The by
million. by last $XX as flow, cash First quarter distributable over increased year's million $XX to adjusted,
exceeds of trailing X.XX. coverage year's Our last ratio X.XX XX-month of
a billion fewer quarter. QX of its $X.XXXX unit, portion We repay reminder, the declared demand March same fuel to our a X-year proceeds calendar the senior XX, per notes. X% we On April a $XXX facility, because of borrowings leaving be revolving capacity. under on a seasonal lower of quarter. On our weakest as As the with unsecured used credit we distribution last days, in XX, $X.X tends closed of outstanding to and million us
our from annual That's ago, in the acquisitions a Fuel year guidance quarter driven billion with X.X% contribution we performance. Even our up of per $X.XXX at prices, the and totaled nearly range a gallons. from with by X growth. Looking operational remain rising gasoline organic margin QX within gallon. XXXX first
think to the you gallons the discussed encourage As last margin together profit highest and managed to and of we've not we several as produce them independent long-term gross quarters, variables. possible
costs $XX million. on expenses guidance million all basis, QX focus expense our G&A expense expense operating of $XXX full and X to continue Meeting results million cost $XXX $XX expenses. of results our number We and controlling totaled include quarter-after-quarter. run quality provide other Operating of quarter, rate acquisitions. XXXX of the comprised lease year for other in G&A million million our operating and expense operating of These below $XX helps operating On guidance. our suggests a
annual we variances deliver operating quarter-to-quarter an on expect While, will our guidance we on basis. cost
million we capital, capital Moving capital. in the growth million million capital. We maintenance $X for first invested to $XX of capital gave growth $XX quarter and in guidance million in $XX $XX maintenance million XXXX and for
non-binding the is J.C. Port, letter from Energy the for in a an joint Transfer earnings Hebert, of our equity in intent we Diesel Pipeline with interest for in have area mentioned to Beaumont release which Arthur As that today, Midland. a signed Nolan runs venture
of million. $XX We in expect our would project cash this be on range spend the
demonstrate our ago to the will a retail our X.X. coverage to at thoughts. results our XXXX continue and our XXXX closing the ability million the EBITDA. the confirm year quarter well I $XXX financial adjusted We In EBITDA over within other maintain our of and more leverage of X.X above target ratio adjusted financially details operating strategy. our Joe to that we the over As times short, Since as impact or assets deliver we will guidance remain the led on finalize $XXX now our a long-term we disciplined call to components for guidance. of of growth divestment guidance Joe? on million X.X for to turn provide to terms as the capital
