record I’m pleased paid on available as August Thank you, FAD To XXnd of per or for will EBITDA us and be announce inception. XX. $X.XX date share are shareholder start August metrics the for funds public The our XX, XXth since Alan. on dividend company dividend to call, The a consecutive adjusted our and dividend distribution. key a of based
of of in QX XXXX XXXX. was was $XX.X XXXX and compared of $XX.X $XX.X $XX.X QX of XXXX in in QX million of versus million. million $XX.X million QX XXXX FAD million for QX to $XX.X of EBITDA QX and Adjusted million
quarter, $XX.X equipment our from first corporate. $XX comprised and million the infrastructure business negative $XXX.X portfolio, number was leasing FAD from $XX.X our of from the million negative During million million
Aviation. to turn let’s Now
completed from its $XXX.X just EBITDA business up QX QX. Aviation was ever. or million Adjusted $XXX in in best Our annualized, quarter million annualized million approximately $XXX
on in a we $XXX During intent large in and QX and for increase from new to agreement, the includes couple Avianca announced signed QX with investments the million closed planes, things. $XX.X we approximately letters which XX. number of million million was number July million in million or $XXX purchase we of annualized which a $XXX The $XXX of result the annualized QX QX ended
new Number started we we five and in of one, QX. in seven new lease engines lease on off QX put aircraft aircraft had five the three six-year and leases QX, new and
portfolio we $XX.X we a had a the on million. gain $XX.X selling As million premium book harvesting $XX.X QX call, in million mentioned our of assets our by of started of QX for that have value in
we QX We replace assets advantage realize expect sell as portfolio. take more that our to the while we in of continue to and those gains continue strong growing simultaneously we market,
next to products market repaired year. the engine first making JV progress. available have expect advanced of commercially the We the fully Our half in great in first is
exchange reminder, use for million JV ownership FTAI’s $XX XXXX early a the owned As on of development we and plus the products pricing in for funded engines. in on costs preferential of JV, XX%
These Aviation commenced positive parts year. following visits generate our second The in provide of FTAI same expand of incremental our with the reduce airline very With this to repair and half beginning business and for and products venture the the additional will outperform the development JV. to progress proprietary repairs the repairs, cost joint unique overhauls an and and $XX.X products and million aftermarket partners our the to we is agreed expectations. investment EBITDA shop JV a continues in process – FTAI structure have have and the market meaningful for in next will of substantially additional a that contribution bottom engine and aftermarket line us
industry and offering more quarter. strong. remain very more Our macros the every business every I for becomes like this differentiated quarter the
a the the Turning signs years. general, and Offshore out be the there of an offshore recovery. to in marine spending spending expected offshore. industry In growth remains contributor oversupply of downturn the position first grow outsize modestly to expected year is next is CapEx several in to upstream some of over marking since but are XXXX,
tower completion which carry into out in previously, new construction with in mentioned the away the expected process early is well we’ve from intervention. an the maintenance transitioning we the Pride well enable are Pride, intervention currently XXXX. will the repair of sector As for The inspection to general vessels under
we services letter intervention definitive the intent signed certain provider such, jointly we’re operational particularly for negotiating of of Solutions, would have recently a partnership. about and excited leading expertise, As Helix is with Energy Pride. leading globally Helix whereby a additional – strategic is well the the and while agreements are provide and potential equipment marketing this Helix
a we million. be. and We hoped to had negative financial a it Jefferson little be EBITDA wanted instead we were to slightly was at positive performance minus short our quarter, to Jefferson. From standpoint, now this breakeven Turning infrastructure $X.X slightly of where
quarter flow contracting from it However, and operational was ever. standpoint, best our an
let me of So both those. explain
and experienced had Mexico the they move we the sufficient to quarter. or issues, well WTI refined immediately the will The thereafter. two levels XXXX volume with be delays such by resolved issues secondly, performance QX served expectations in this of month did tanks not as our side, and customer not had anticipated. products was and QX this positive generate end financial we receiving these the the us will their XXXX of of of versus EBITDA spread we which shipments On increased WCS begin Also in main
and hand. this April, grow to in the of the to in side estimates of train for per with expecting end we in trains equation, on XX scheduled QX contracts positive and month are XX accounts customer the we’re faster XX on terminal our than XX and In had the year our based did and growing On over that now trains trains expected. May year we into continue balance June
by construction and track on barrels additional the fully million X.X months test one committed is complete to as trains quarter. and fully On of are QX. end of three remains this negotiations and million early during three option is ahead for a for third in year signed the we’re budget if we to And one we’ll three the That comprise expect to X.X project tank, deal have convert storage years, of three an the schedule. a front, successful. are test period on that to in Of the tanks the barrels, that committed
supply at our we X.X demand have such X an work of which of tankage million and will The as continues middle additional for barrels approximately to million be time on Jefferson. the to XXXX, we began at storage delivered exceed barrels in
the pipeline initiatives. progress important On connection front, on we made two
one construction neighbor multi-pipeline to about project Our is commence. our refiners to of
like We handle products by they have important products customer, two and expect to barrels to are refined operational finalizing approvals would because refine mid-XXXX. our is pipelines us to XX,XXX This fully Mexico that day plans date, are that to we pace. barrels from are in keep expanding a the currently aggressive a an day we’re Their moving. and increase XX,XXX approximately by expansion
engineering as to that XX line we a is forward at will Final Coast for deal to be is right-of-way existing no moving pipeline have, months. an deal. been Jefferson main become customer XXXX mid-XXXX, QX very always have bottom is and Gulf as by three-year the to last experiencing later construction the accelerated expect checkpoints well. five-year had The at completed with XX point that positive pace surprising our and refiners met second had Our been such that to the and than given begin over which storage growth we expected it developing macros now project
company is is Jefferson company. last from waxy be of example rapidly big an operating worth also infrastructure existing most into great development projects, this. that It’s from the from arising which noting call infrastructure. opportunities a uplift opportunity exploited Utah, can the discussed a purely we from crude like comes of Then morphing new And that
million I QX debt Jefferson QX at non-recourse our an Jefferson it’s $XXX refinance projects. $XXX Finally, expansion hoped existing had in to We to finally is these its in plan you customers. approximately let at new million do approximately early time fund And year. team capital financing and for Jefferson million late together that taking exciting the tax level to exempt for want coming this we the our Jefferson we and beginning. $XXX as to plan of approximately at or exciting know from debt time
in primarily which increase addition, million in in is in another the quarter. up velocity good versus cleaning Carloads Net of services by Now have XX.X% XXXX. QX And versus revenue metrics. CMQR, of of turning and was improvement $XX QX a to QX car experienced had XXXX, XX% a both XXXX, were up we XXXX, X,XXX base driven increased transportation revenue. and dwell to QX railroad
QX $XXX,XXX in million XXXX. $X in EBITDA of XXXX Adjusted QX was versus
car EBITDA XXXX. been for for would of Excluding startup adjusted and have QX QX the for charges, $XXX,XXX several costs cleaning operation XXXX $X.X one-time versus million
happy starting car for used over in car of is is is an have once recurring customers. with well cleaning car within XX metric because customers in continued Our an ramp service operation, positioned it. and as are and the now operations established important to space cleaning the This cleaning growth nature
of customers. team time, of are pleased year Ratledge have and In three the the this largest three next. growth I’m repeat for now growing excited the and As now is prospects that about as customers. we this the owners in of are business now accelerated his and all country railcars Ryan these short,
to Repauno. now Turning
You gas these ship secure call deepen term negotiations next proposals the We’ve of rail to our the phase in long Repauno natural goal agreements our remember with export was development. last to that liquid received for the five parties. from
concluded, to QX quarter liquids both before the start and end expect want receiving gas of have counterparties negotiations We XXXX. and this the concluded counterparties by natural this because the to want we of these
targeting meet year, of and and timeline. that started contracts do schedule early To having we we’re than signed these later construction to that, on QX are no this
As approximately QX EBITDA full Once this late butane to start again, expect to we QX. generate of and QX, our expect in in XX% selling full year. are season, primarily current early in to now we XXX% million $X this operation cavern, for the be
when periods Ridge, was to and U.S. this in the the in been one the Now expected due year. to in Long slower off now track limited $X and either QX Ohio good of resolved frac contract That’s was deliver than operation multi-year on sand QX is entry million sand between into including for $X flooding million River start to of companies we’re with barge a or largest suspended. traffic a the EBITDA on
the is construction and to on schedule. plant power has budget As commenced and on
continue of operations expect We November XXXX. no commencement later of than to
As Facilities. I seen, agreement believe most purchase DP non-binding a power entered of we center you into have data with
That permits power million increase to of plant. take plant annum to if $XX XXX under megawatts by EBITDA power to annual per a the to $XX million a and total DP would of XX-year for projected million $XXX between EBITDA executed up $XXX contract, year fully power the contract up which per million for
to have the As XX% And offers received still early in this end discussed. previously within of we of by we interest expect sale the completed we be non-binding QX process the a or the have preliminary to ranges plant, QX.
coverage comfortable increasing the in approximately saying Finally, feel we between sit at times and as said we QX let dividends higher. past, exceed go will and for one as me two we be And in dividend the coming dividend X.X somewhere we QX we’re times coverage. consider I X.X today into close. now the month would that once our discuss will coverage, QX, range we’ve that look as And
EBITDA. conclusion, income completed So relates quarter just it best net adjusted ever to in as we our and
As I accelerating pleased about even about am that, seeing I’m our in businesses. more pleased all of growth as
yield. returns if is unleveraged are then a a goals One of and of continue growing XX% our maintaining of our to target XX% business, in we only ROE approximately aviation but EBITDA our book
that. exactly doing We’re
goal to We leasing the service unique marketplace proprietary that. bespoke developing widen have better, the competition aviation between the other differentiated quarter. offerings. Our to continue by recognizes a us built and and has the been robust main products and more and every In moat lease offerings truly are franchise now side our short, more and value-added in
inflection the infrastructure, ports look for to. think As point on as as we Jefferson in will we always back I ramped had year expected and our where them this terminals
We developing have to them made we’ve good assets we purchased, been how them. choices as and the purchase we where
refineries Coast could we With the to to the be the in Gulf better Coast, crew natural a and get East position. gas push liquids to not
squarely hydrocarbons. in are Jefferson, and these the flow of Repauno Ridge front of Long positioned
demand from result, is a our exceeding we’re that As expectations. seeing high customers,
than with time date, this more And negotiations better, customers we FTAI. investment-grade of development. in in customers we’re history. contract this has The now then exciting As we’re even our a few our middle ever is of infrastructure contracts history nature the the signed years to in but here. the position, that have into get with taken multi-year of at It that’s of any news more
that, me the turn Alan. With let back to call
