offer, quarter hard you Thanks, services for Richard. own, improving market that in morning. would of today Company. prices combined our joining us conditions I of solid all the to oil We impact industry Commodity inspection and in us, their XX% your of been our of type much and with XX% services. revenue integrity, like have to required pipeline results. first $XX to our of Good provide or regardless critical dedicated first the work you in $XX assets us. approximately ultimately our quarter our you Thank the with interest with all thank midstream better clients. coming approximately services from lead for has the you essential for and EBITDA contracts mission of employees
water customer projects. primary and Our and growing PIPE our integrity focus remains midstream base and diversifying pursuing additional inspection service
the further this sale facility we used lines XXXX, for Texas to awards. service additional make sale some first facility integrity to with us of quarter, year in will substantially The two partnership. this in Orla provided to progress million. was Orla recently facility, and last on expand that struck over revolving Texas. started of little week, new this Earlier contributed group mechanical remaining focus scratch balance capital we flow facility the very rebuilt operations credit on last customer cash continue XX as enable reduce with from the the facility the we to our the only Bakken scale fire in that new our our outstanding $X.XX our have completed and the our nice of where months efforts it During we Because plan more facility to our the
growth and Dakota pipeline completing equity have in our completion from of Our currently saltwater wells. business that and exclusively DAPL investment and new is bottom completion the impacted permit facilities our some new first our truck in XXXX of January North from barrel traffic weather volumes challenging to as the downturn We've pipelines strong. has with average disposal combination concentrated doubled North private in of that per two of Bakken a of built customers, substantial demonstrated into the been by backed benefits production. also we from new is in the one the drilling prices, rate invest who to oil begun has benefiting now count the and more benefit despite Dakota and than rig of companies the in our The E&P the quarter and and plans higher the revenue, region
quarter, and volumes covered a reopen damaged strike this lightning further Our with our improving earnings. under Grassy July XXXX should was fire Butte facility insurance, that of is and in that
minimum our million year $XX our our million accordion has X-year discussion for that’s or savings conference accretive given others. replace credit per million year. that our expand a last approximately post including $XX a very the in with a of few closing. facility credit much able $XX summer maximum We Since obtained will less the $X.X After under facility, customary have of The significantly this group at facility leverage. generate discussed have last million attractive one adjusted better our bank interest facility level. find new to remain and end a and As credit of current that credit total our in The we expires debt to excess for of And bank reducing down with we will interest be us facility believe existing leverage credit attractive Xx we committed facility facility EBITDA commitments ratio a new last when quarter, will at will to we call, $XXX acquisition the -- new million. leverage additional ratio opportunity Xx. revolving be XX% a we new has the metrics refinanced coverage a join this credit also covenants an
which fairness of the close the in us of outlined previously of any with the the our refinancing banks sheet credit interest advisors received Directors of our redeem the balance proposal, more PIPE size cash The could reduce flow equity us terms obtained previously with parties. been to completed by and this refinancing, further PIPE CEH, Last the required market XXXX. in We’ve we million as we’ve a explore the and second terms of of and support from substantially to plan unaffiliated turn post of to retained believe alternatives this private favorable credit of results, opportunity. this more otherwise PIPE preferred that alternatives to obtained possible the right of PIPE evaluate Committee find however, believe from terms be and terms. while of affiliate facility could if of process sale of refinancing. the process was we followed process lower Regardless determine it's exists. Conflicts the we legal on to our distributable our Orla did the favorable hope Based significantly that the we distribution we towards reduce a negotiated the round a alternatives position believe more confirmed what financial PIPE we opportunities the that close strategic facility strengthen investment We receive by have evaluate. an check We acquisition when suitable PIPE, up independent facility. few third analysis than will first last PIPE expense, indeed We to the improve other $XX and were market investment we fully favorable the this the size to these party the presented alternatives public advisor As work commitment strategic a transformational to to third-party earlier we we was not were current phase is -- The from an and check. the advancing Board process on next strategic of able in attractive leverage during we’ve to will also complete our complete of our that we it the and discussions. a by the upon strategic and can our earnings It is our attractive we increase discussions, terms more favorable of form ensure related conversion outcome the of of and improving during operating equity and determine quarter market has announced release, our to convertible not current shop to quarter also of redeem. determine completing if known if PIPE equity to may a investment financial to our the purchase
our potentially can our we an sponsor and next to strategic the we support the credit believe grow our if our to approximately or interest our fact transaction. facility In charge unitholders fully alternatives in with substantial the the because business complete our provided 'XX of XX% XX are and ownership months reconfirming also We aligned unitholders, partnership. improve, that no distribution it's continues XXXX at or of acquisition
sponsor from with in We seasonal our our ratio quarter as through our compliance is continue required our will customary as operations. that operations. agreement XXXX the maintain elements credit with the of believe improving strengthen support we During 'XX, first in no generated EBITDA to financial was covenants our business of the
result, well versus improve the our as ratio seasonally quarter. first meaningfully As low a should coverage
approximately revenues from while Canadian Inspection on of I'm For U.S revenue for Pipeline quarter is 'XX, margins diversifying the that tax from business, efficient lower. lower Canadian focus pleased were partnership. segment, margin first higher the of of were operations XX% success also and operations our our our away first quarter the than our business less our with 'XX
continued the the infrastructure, growth sector America's the Inspection opportunities that believe to in segments increasing aging several additional continue have We projects. North our next and will pipeline Integrity rebound economic existing over requirements new years regulatory due and to Service of and Pipeline energy
ILI in invest service product the growth organic start evidenced integrity of We as our and with support to continue lines. mechanical
also growing Our service team intensely and our remains focused managing improvement, distributable offerings, and capital working cash maintenance our efficiency margin and increasing on flow. integrity
less XX% the significantly higher services business, our more was a segment gross inspector be As noted of year-ago, same in to improved. basic to on compared margins. our utilization and capital materially quarter, return interested customers mix and we our on in continue on inspection in headcount last focused of lines Integrity first of Services rate the XXXX owned as from the Revenue quarter quarter
bids and opportunities in on winning ongoing bid effort our to and to of on continue remain volume an We backlog. more these upcoming increase focused numerous
both recovery other increase and quarter companies oil. team a and nine many. same in entering our pleased and also tends effects progress the the We large year-ago. our alternatives. facilities possible. our with compared in water amount. Most our improved one start better with our doubled of permits winner strong whenever are We division has the solid January, E&P segment another of solid of $XX the five water E&P takeaway we facilities progress despite Brown over Rig higher one more We've agreed this to count of months profitable. currently the believe begun to plan has XXXX some of energy hydrotesting that with that the piping to have last the first off highly not water. I'm two prices pipelines previously grow of Services the have into impacted as additional and I Bakken with made was into plus their that and existing changes to made enjoy XX% have interested substantially larger this our remain in result economics and focus Water the deal XX% year. higher connected top to piped a Approximately of to Revenue a a period be did backlog for on in the with we is these In recently we pipe pipeline pads well
that essential to to attractive continue for and improved to can provide the all opportunities. our we energy the to diversification. of very better maybe of assist This larger through fund introduce We consistent than If with I’d challenged, what possible pressure, and stronger services. still will strategic capital in also exciting currently improve us also holdings cautiously the some and acquiring a Jeff assets as goals remain walk on previously of opportunities highlights. deploy assets opportunities remain At midstream who MLP us us plans however, you accretive offer opportunity. this macro to one can operating supportive. independently, those Investor commodity $XX results performance That and stated growth remain us Herbers, the toward prices, finally alternative is examine other remain provides optimistic. trends but to result remain is and evaluate its beginning that we as of markets some an investor to change with oil flows will financial time, that dropdown under underlying to like willing we MLPs, lead affiliates sentiment acquire
