will date our shareholder start paid I'm a the share you, XX. and Thank To on Alan. as on pleased XXth to November November based record a XXth dividend be call, of since per dividend $X.XX announce consecutive dividend XX, our company public of inception. The
million was million last compared without in QX QX proceeds and were in million $XX.X $XX.X key $XX.X versus FAD and of FAD or QX funds QX $XX.X in $XX.X Adjusted XXXX Now $XX.X in of year. QX in EBITDA was distribution. metrics QX million XXXX, us and FAD $XX.X to QX sale of of XXXX. million. QX Normalized of million the EBITDA available let's for million discuss of XXXX and in QX numbers. XXXX are of The million million versus for adjusted $XX.X for $XX.X
primarily the million results ports was million slightly number expenses. and infrastructure quarter, corporate. than offset million terminals. $X.X corporate bond quarter from million, equipment in third $XX $XX.X from FAD Corporate number expense, the to and leasing comprised resulting due of negative infrastructure in primarily was prior overall and improved our did from improved $XXX During issuance million from an new business to at lower due the FAD $XX.X by the interest higher QX, The portfolio, we negative increase million our $XX from by September,
turn me Now, let to Aviation first.
Our growth Aviation exceed of Aviation expectations versus profitability. both $XX.X million. our $XX.X business adjusted to EBITDA continues million was for last quarter and
Aviation our best FAD from LOIs approximately quarter. all rate over total QX now million approximately ever. than closing XXXX run million, $XXX annum year per for more bringing additional these investments an the Aviation excluding closed new year, As close investments $XXX of gains expect We such, and since new have million year-to-date September XX our million EBITDA actual record. is on XX. through $XXX approximately a per to two in $XXX last We be And another quarters, million million million our to expect approximately $XX September up QX, in also closed or now next annualized million after sale new we on $XXX to $XXX $XXX
August we because and QX continue the FAD that this so on asset that XX our best QX approximately market on that and to and in with market passenger is about in fleet As In believe up. engine volumes are; engines. of XXX, lease already annum historical us. continue air cargo three the QX of the The currently increased. QX, to aviation passenger expect at on overall we The focus a aviation to are X% strength value, market engine one, revenue EBITDA growth XXX to to best most on should next average. five such we value in have of we older XX% years. in engines market portfolio focus aircraft the at in and the of see higher are tight in closed and reminder on likely rates was which engines by And chosen factors value with grew for in the travel is and our e-commerce own per this are the design the aircraft, miles conditions over Lease global these agrees of air We by growth NG growth we power X% XX% year. year-over-year equipment and XXXX, engines the to creating showed driving the this as opinion, again continued and highly specialize driving we’ve least A-XXX XXX growth the aircraft as the XXX, the the aircraft, X.X% which of per
engines which engines. XXX are their more up first requires numbers on now major spare and A-XXX coming large Second, of shop visit,
maintenance to in a in shop parts of of moneymakers extremely result To and means to cost is inflation shop up. freighter life and engine these availability convertible. point projected that go which aircraft the visit tight inspections regulatory major the of which as visits, labor, fifth, mandated is primarily parts directives; replacement next years. CFMXX-XB/XB extension the independent a fourth, engine the of for double over XXX, cost XXX values results increase XXX the and capacity XX engines reliable being supply and Third, and And due proven
good to the we and our of feel approach leasing We value market the everything own. about continue engine to
largest and world. quarter XXXX one, the commercial increased from applying more organization savings on repair these in new maintenance reaching millions are products engine results module in highs of better with practices tens and year are of sourcing swaps MRO We in repair unique two, unlevered one power, power. in market to quarter our this sustainable volume we provides produced seeing of our our our portfolio engine our of a and that the financial and and EBITDA these ROE yields managing buying And and competitive reason every and financials using has have flow. advantage parts profitability, convinced attractive respectively engines; Applying by deal dollars, I maintenance become us extremely third, between practices and returns strategies; this an why buying actively XX.X% XX.X% basis. And
XXXX perfect have our further commercial the we of beginning have to continuation is come. first repair its advanced continue and joint expect improvements we and these While venture products words, best to to this we see engine to our available. when In expect other a in engine XXXX, yet in fleet, utilize growing products over will trend
more offshore, vessel, to our we into the XXXX, positioning in Pride, in its on over advanced intervention recent of currently and and now and maintenance. Turning Singapore completed supplied last repair discussed quarter’s in it's a most as process vessel of well market. construction May we less the call, in profitable project undergoing are The shipyard
for and the time yard using the prepare and repair undertake vessel’s for intervention. modifications We in well to are
results this work being Pride, will of asset. done result on XXXX the a reflect our the lower utilization As on
took point asset, and Jefferson, the details the XX% into of we going such operating to before Jefferson, as in losses. now want I of quarter this of that out now Turning the XX% own
had quarter, will we reasons. QX of turns for positive Canadian profits. positive, One, feel we we However, several which when three crude Jefferson our have will good in going of September, Jefferson be will rail in this in expect the one taking year of all We QX. months we only by business in occur this month about whereas QX XX%
XXXX. complete expect in is average and per barrels to downtime Second, construction, refined we a QX, had scheduled in necessary to and due expect we day XX,XXX starting to day QX products in handle XX,XXX barrels which of now
$XXX,XXX, Third, seasonality there it finally totaling the one-time our is QX which QX in charges were QX like is best in approximately up ethanol looks will and business, it the ever. usually be quarter in ramping ethanol slow of and
and is Jefferson. in very like X Pipeline reached WTI is are in Those ago increase quarter. WTS be quarters $XX business [indiscernible] Now ago spreads barrel. let fact excess a train capacity, month of about more while becoming by Canada operating rail to around, more $XX capacity are highlights capacity trains that for per a capacity, crude railcar comes two terminals when they the spreads and acute Jefferson we by this to issues versus a me and years expect talk When we X this now time barrel, as another Crude production which to online. even is attractive able at choices better. later good and two made in secured
what flexible rail a today and location refined to the ability ethanol, recent expected us products not perfect what happening Jefferson’s asset for did as logistics years is with give opportunity that be rail in we pipeline, least now. and the important exploit connectivity such next rail to crude the longer. be exactly is Trans by is it X the asset to and And is Mountain Canadian While to crude of by of cancellation X part at crude the the an the if
two with points. Jefferson on conclude me Let
First, the not strategic drivers position macro be better. and could
producing strong crude and refiners plants excellent by at significantly with all operations years. positive BN also America one major forward. multiple the and in products world, be and regarded from rail And one a discount crude over several which crude going is we terminals prime the the supplies having activity, economic North are Gulf Jefferson in in in regions, profit by in as end-markets and ramp-up from KCS, and will Jefferson to the in QX, constraints state-of-the-art connectivity growing Canada, North with rail will the the largest coming pipeline the climate of in proximity in experiencing UP grow EBITDA Jefferson markets by including to refinery top produce With With equipment. now and America. of rail Second, to related location driver expect widely access the a the
transshipment expansions the growth region drive such, needed and will in multiple volume. for As capacity storage
in most of by capabilities the three the be in markets offer comprehensive Mexico in to this and to by arrange December. begin driven to of didn't to products crude and compete we rail, positioned the water, will see number array refined QX XXXX in Additional until best financials, for four but some where growth by one of up pipeline the in six can effectively trains of We began to have that full North logistics hopefully expect is business. and lastly, by with and such America. to Jefferson and will exports ramp September And of we crude outbound trains well rail inbound beginning connectivity this by we exceptionally all exports
third and for begun we Furthermore In advantage volume storage the additional addition, have crude through barrels in multiyear the take ever storage additional have than perfect In significant of come tanks parties recently term. strong QX contracts will based at XXX,XXX to bring an this in XXXX, will construction more that perfect we executed at we have million we December when online online throughput barrels. these committed macros. time Jefferson location am will year. will in asset construction year-end meaningful the and a the growth to control currently for on And under perfect which precisely total on the refinery XXXX, million expect capacity, short, of we which I to to which local of convinced X.X terminal of handle November a come shortly barrels X over
X.X% Central, Turning in had at for job. we due railroad or his haul to primarily The quarter, have now to a a year-over-year Maine will perform slight and Total fourth a charge Ratledge done and Quebec volumes. expenses the quarter, We Ryan team car continues however above terrific did to the increased increased railroad. expectations. line our see revenue operational ramp-up for operation, one-time cleaning be decrease derailment. this which EBITDA the due and to
high very CMQR not continue additional that its we found line due improve, we continues prospects to have any to short the and perform prices. like well While to acquisitions
unable increasingly grow through likely our we that to such, will XXXX. in we if that As is alternatives acquisitions, elevate it are business
currently time now. Turning exactly was be The on XXX% December this this dock year. is cavern is business to construction will our functioning delivered is butane of This we in full utilized on first planned. of season operations and budget planned as and Repauno and as and the
Europe direct is the of solution need, the have to This We and to are ship liquids now with to started completing the for late engineering operation negotiations the a exists of multiple gas natural to butane propane regarding parties interim acute to the rail today. direct and commence we which XXXX. shipment result
in prior take that to to should availability in investment. XXXX fixed way $XX EBITDA off million generate XXXX million operate for and with additional having approximately We additional storage million $XX to annual this cavern expect agreements $XX a
business Ridge, our to frac Long to exceed at the Moving Long continues sand expectations. Ridge
We to XXXX, to and have and already $X year million and we EBITDA million contribute this about processed XXX,XXX $X sand sand tons $X million this expect frac year frac of year. next of
close plant, agreements executed, PPAs MW negotiated financing. are with are XX that the and the the now investment-grade duration power a years purchase fully we in be the the power to have we to and will of XXX% counterparties of These Turning plant. to and locked PPA are all to X in output needed be they power when XXX ready cover
close million of quarter. debt, which to the finalizing expect $XXX non-recourse terms are approximately we of this the We
With a sale line XXXX. are And project planned XX% power in is PPAs had QX hoped. the as the plant together and coming interest looking for targeting financing good we we the plant of the the as of bottom is
While there. to we own talk of which own of the continue expect both me XXX% plant, sand NGLs terminal, to gas will natural XX% we operation. and the up of frac XXX% liquids, sell to now NGL, the will about we And let power means the
the working contracts. we managing are Jersey our the supply which supplies fractionators, be We and terminal to and in more aggregate under off from long-term chain, destined loaded ships take Europe of of capture local arranging railed onto more intend will Repauna, for By economics. to to New
Jefferson, of to strong Ridge and positioned capabilities Europe. we perfectly is two growth with that case Repauno take terms demand in have in As location the assets Long are from both and advantage of
our and in expectations. our believe unique outperform value-added to becomes I more So And quarter. volume return conclusion, aviation and further both continues offering every
than growth that and will comfortable EBITDA ROE a return. be while feel XX% a I able we unlevered business come such averaging many As better to to for this years XX%
I As long of beyond, turn begin in growth With to to more have projects accelerated better QX business lead-time should realize has that their as EBITDA infrastructure you in call of to our see than our back the our prospects. and short, this that positive rate indicates felt potential. XXXX territory I and about never call, everything turning see we these of state optimistic In will the current about Alan. positive entered with infrastructure ever expect EBITDA and
