today Thank Thank for you, and our you Richard. in for joining Good interest us your morning. company.
you of with exception. our I regardless you you for in the in everyone we all, market Commodity led like their or of the impact industry, conditions, and are your combined offer have results. of would of the employees all improvement continued ultimately contracts First solid hard to type that, services prices own, customers, the no assets our dedicated thank with work, and to QX
improvements year recovery oil stronger from prices in flow periods. from approximately have our in be seen of can our EBITDA benefit and significant cash strength prior compared XX% The distributable that to with continue ago. risen clearly crude We a
success We've partnership during financial story TIR, of downturn, would has in XXth our every other profitable TIR facility, that or issuing Basin facility each the milestone history like and credit the its saltwater highlight remarkable organically. business. year equity, business, selling of refinancing expected deleveraging its our and transactions the June recent they Resources, with has business been quarter this achieved its have Tulsa to anniversary. the Inspection resiliency quite preferred North disposal in is crisis Pipeline an its energy celebrating posted a been reconstructing and how to growing Our Inspection saltwater history, impressive an of has Permian important and I Dakota. active our impact of these disposal facility are another proven
reducing quarter, will debt By second from have our debt, year XX%. the at XX, to the $XX.X a and interest of June enjoy decrease our credit reduced of During significantly much lower end facility last at million $XXX.X refinanced million we expense. we our
and addition, company, In public net with of and XX-month an terms sheet, an for balance we our equity as hired EBITDA. otherwise preferred the stronger we $XX.X from investment shopped equity, a convertible delever on market issuing a trailing adviser preferred affiliate now million available private known approximately sponsor. the PIPE, a of before best leverage To our much X.XX have a ratio
any our potential Although were on superior options, partnerships. explored presented PIPE, discussions strategic continue we not although we deleveraging with to other we alternative the
interest suitable flow opportunity. find leverage, size cash facility of a our NII Our business expense, reduce distributable and turn increase will we benefit which from our our when position acquisition the us to improve in credit significantly substantially low
reduce we of aligned disposal was economy During our our on to the balance completed at this are sale provided on refinancing. facility of statements interest the we our gain of on our Dakota million divestiture, more with we focus where $X.X provided unitholders revolving that sponsor transaction. unit $XXX,XXX recorded million ownership the our in substantially Basin. scales XX% operations Orla, In saltwater of interest XXXX, of The this charge With the to financial we unitholders, are facility facilities we because million, now in fact efforts Texas our support capital used its proceeds the reconfirming for and have which our all of we outstanding escrowed reconstruction second from on the our facility, North no our our sold common to disposal prior a saltwater quarter, able $X.X the terms X $X.XX our attractive fully that CELP. Williston credit while with additional in of to
During the did not the improvements do require from anticipate business, material our first in we half the requiring and of support future. additional our in sponsor sponsor support XXXX, not given
before a colder we to due to As continue and experience our our activities third will result lower of customers' business, cycles. believe our quarter improve fourth typical the weather, quarter the annual through of we we that and into seasonality budget holidays operations the
pipeline have XX% going at quarter revenue provide Our the from those XX% of approximately the and also of and quarter the EBITDA second our business services. metrics generated essential services, in end midstream our We forward, improved. required and inspection second of our projected with integrity mission-critical approximately
pursuing integrity growing midstream be and focus diversifying increasing additional Our water customer on to base our services, and and projects. piped inspection our continues
in continue businesses. and we quarter, second inspection and our to expansions make further the progress mechanical integrity in with service During XXXX, planned service lines begun
were Inspection quarter Our our same operations 'XX higher the Pipeline of during revenue segment in U.S. to compared second the from appreciably period 'XX.
capital our on on low-margin in higher-margin integrity the focus some have increasing on our managing efficiency and cash flat over working Canada and XX% work focused service improvements flow. year improved maintenance margin These opportunities. distributable efficiency. improvement, and improved also discontinue our also projects, margins reflecting revenues, and to gross remain very integrity capital conscious decision Our We prior growing
and the previously inherent margins business most of to mix be As not discussed, them, continue with lines on of that our we go gross headcount. focused customers'
infrastructure, Services the our opportunities Integrity additional economic requirements and existing North increasing regulatory that energy due to rebound. segments sector Inspection continued to Pipeline of many have aging the will and continue pipeline continued over several years next America's We believe
We opportunities clients. growth looking that acquisition will lines service organic offer our the of to invest will broaden while also continue can at in we our
Integrity gross provides Our also hydrotesting Services that increased services significant XX%-owned XX%, XXX%. with increased in showed Revenues segment 'XX. importantly, over period improvements same but compared more the margin
our number and our have upcoming substantial to management bid a We on built strengthened backlog of opportunities. team, continue
expectations plans combination the E&P for and been We counts, new respect have Services to of this more benefit companies completion who and a segment. bottom construction rig the private Activity new DAPL a period same Water as the maintenance completing invest line. wells. of business differentials, work has rig in given oil by during well industry coming prices and improved investment the on pipeline, of currently from North is our drilling downturn in has the equity-backed which With materially the ago as than and solid. deferred we segment new downturn, higher have that customers our doubled the substantial pipeline from and Dakota to improved high has permit year count for from projects The growth
XXXX one demonstrated per facilities January the and of from average increased volumes of saltwater disposal the as pipelines by barrel. completion our benefit the to continue X We new in rates
disposal process about opportunities since the capacity. volumes operating currently facilities saltwater with additional limited explore to would continue also of their expand additional costs our that we true are XX% well pipeline We at
well. facility Our in Butte was in the Grassy year disposal as operations well fire resumed lightning quarter last a saltwater damaged strike and
facilities, Water volumes on where of higher XXXX second and our revenues XXXX, facilities. quarter quarter compared our the impressive Texas the facilities, over you the the second XX% saltwater X our second Our for pro an in increased when despite remaining Permian Services same Total to from of last XXX%. revenues actually quarter the were up forma divestiture quarter of sold having Basin XX% of SWD year segment our
the is XX% quarter were produced I we X XXXX, and our During pursue over received volumes other earlier. XX% pipelines, to And of opportunities, of approximately pipeline our mentioned water. continue via as total water second of water
continue, and acquisition previously team, consistent our of diversification. to opportunities evaluate examine We stated goals a as accretive with
potential their what acquiring and We can we in than Our to now walk drop-down offer will affiliates that, capital to Herbers I'd through us larger of assets you that independently. plan assets opportunities. as With to assist those willing sponsor like additional to who Jeff attractive to financial turn the over the remain some quarter. it acquire for currently be may deploy highlights
