XX. as XX, Thank dividend dividend paid date based be The results. a welcome, the per inception. public To XXth August you, August for and dividend announce everybody, $X.XX shareholder XXXX since XXst Alan, company on and second record share start, to on quarter to call today's of our I'm consecutive of pleased a will our
million of million to available was XXXX distribution. and million. the metrics million losses On normalized EBITDA of excluding gains for to FAD $XX.X was million FAD, million QX XXXX $XX.X in adjusted nonrecurring QX million or of Adjusted QX The EBITDA was $XX.X sale XXXX QX a compared in XXXX. Now and versus QX $XX.X compared million let's QX normalized On or XXXX. QX are $XX $XX.X million excluding us key in in basis, in XXXX XXXX $XX.X XXXX and QX QX $XX.X start XXXX. million adjusted and of QX $XX.X items, with the XXXX $XX.X $XX XXXX $XX.X was from compared and proceeds basis, FAD for in to of sales, XXXX numbers. in a and QX EBITDA QX for million million of of funds the
from leasing number $XX.X quarter, negative $X.X second FAD million businesses, the and and negative million other. $XX.X $XX.X portfolio, the comprised our During our of from was corporate infrastructure aviation million million from
Now negative million aviation. million the and And given hours more and a let's available to impact after $XX.X in quarter significant circumstances, EBITDA resulted value. the cycles of are which from fewer half than pretty have cycles impact from an turn hours and QX further, in the decent estimated still QX had Aviation flown, COVID-XX. $XX means
engine we where offsetting back demand lease engines as airframe demand. is income took recognized $X and early X believe separated in will negative, million than the we terminations, we from Somewhat faster and return aircraft the proactively
the collected more QX, of is term and which without approximately normalized deferral customers, we portfolio, cash During deferrals of XX% from for X of on months pandemic. of Overall, negotiated effect of the averaging X run return extension. rent a approximately rate we XX% in months a $XX lease million approximately
worst $XX we believe million the now first of a the lot, XXXX, for to that Turning impact total, and is if Whereas half to XXXX. is range with QX million outlook of we the behind from environment us. year. not less, a negative of onetime COVID-XX be to of we closer of this and $XXX The half estimated last COVID-XX in potentially the of $XX improving impact in quarter, to over expect now behind us million remainder
very portfolio, good we our year. we own currently aviation this at about Looking expect and what feel to what add we
comprised aircraft and our engines and As engines. and XX%, AXXX fleet cargo of XXX aircraft CO aircraft narrow-body XX% of was engines, and XXX XXXNG and June XX, and XX%
levels, recover. As XXX fully in markets balance of of the been see from the first XXXX expect and continuing XX% less Vietnam market has such improvements expected, and AXXX than and down are XX% almost a and grounded to high the some reopened. China to now fleet is below as to XX% is The approximately as the XXXX we April, Europe
remain flights will to trade cargo XXXX industrial long-haul We suppressed activity while of and balance market rebound. XXXX also as expect remain strong for the passenger the international and
of was in inventory even markets that Finally, closed invested One, value. of for X engines We in changed a leisure being our around for was the values, the and longer. But new we soon. overall aviation think as reopening be reasons. but XX% low largely conversions residual for at are recovering conversions place XX% result and airlines And expected totally moving begin shut engine limited. has proactively take down, are engines engine now. freighter off value cargo but two, leases XXX Demand best time taking utilization extremely the many airframes. international Overall and to today. added but QX selling with markets aircraft still with world main that fleet take XXX will engine us, is and And are to engines the supporting to
And XX%. of engine utilization engine of normal and XX have to XX% over this we to in level had extensions now year. QX, XX in that return a leases more QX to we While anticipate engine July new start we lease August will
dramatically back times cash and equipment, aftermarket cut crisis in of ahead, surplus airlines Looking engine maintenance.
form, CFMXX with XX concluded we investments been these regard XX believe in With we aircraft testing looking best the in commercial product VXXXX all sale-leaseback actively and more requisite are completed, recovery covering XX-aircraft With engines the engines, are X today. similar we all and CFMXX deals, over are production. successfully totaling CFM and more of to which first made. ever the are our France have approval begin XXX has in engines. We and final products, or to quickest AXXX waiting joint flying, to venture a Air exclusive add is May, are negotiating some We of
us a The business, overhauls second an a major expanding product MRO is targeting launch. still with a more exclusive products our along aviation growing capital-intensive expect moving dramatic our to importantly, XXXX share and CFMXX shop to the MRO to favor the to year-end of outsource in potential and everywhere a proprietary with is accommodate our aftermarket perfectly Also, finalize partnership we market. looking capture maintenance of visits. functions, of requirements cost-saving positions airlines for With shop suite change
Jefferson, price improve QX. had market. effectively We continue half Canadian several another us There and Conditions which down with million are QX, plus quarter up projecting developments a were the decline, rail Starting despite are infrastructure. shut for we EBITDA important to and setting Jefferson to and XXXX. $X quarter positive demand of the disruption a crude second in several today, executed a in took and storage took million ethanol deal customer issues another went jet positive over which good at COVID-XX who the on oil the rate. Jefferson a in EBITDA related Jefferson Now by Altogether, customer tanks at million used longer-term from to quarter. from revenue which to a XX% tanks. have we year name a had higher over for And crude finally, fuel new in lease an $X.X a increase Aramco's $X.X newly-converted for storage U.S. last existing Motiva, our the tank, with marketing. terminal for Exxon the in Saudi to
QX Jefferson QX. also we major the to to connection safely. largely agreement in costs packages, were QX operating paid Cushing, connectivity our numbers due pipeline executed pipeline show the We the is savings to with QX We pay while Head being environment pipeline in in projects. address to in operate reductions an Oklahoma. importance us by current count will Of inbound marketing X up reduced offset line to with and progress severance give COVID-XX for which continuing the made
Southern November with X-year this And pipeline, a becomes X-year pipeline operational Motiva at which construction contract be storage our progressed is time, that project, also Motiva, to Star expect of contract. We to with by year. our of end which we outbound our the
most favorable of a pipelines are actively position we And in or X Finally, bring and to as crude to scheduled to these the or under in cross-channel see in and and Exxon maximum at transportation refiners be offer ship these refined truck, will to those are completed optionality of the are flexibility our X by this pipeline. any ability completed, X pipeline and construction. the pipelines rail, well year be projects a uptick or When throughput be to will means products X we in Once of times, our producers. expect November various volumes. to dramatic customers completed, are
We to for in will soon optionality. look terminal will offer flexibility have the all modes, pay ability business maximum customers and for the and and
Now turning to Repauno.
COVID-XX, of our confirming size than pressure-tested, market. market in to is much the loading Phase addition important bigger X been of delivery to delays to QX. at propane equipment NGL us XXX,XXX of ability propane because has butane. store the that butane result cavern end to the construction our be use to expected to barrel This ship successfully related not our of a is is cavern Also, train the As of some operation to completed
early this XXXX. in QX begin QX are late negotiations for or XXXX. firm The And are negotiations of propane QX of currently early going of late to year. commitments first in with we we both cargoes have well, either and offtakers in expect our propane QX in to in We or shipping expect producers deliveries and
for is the Phase hand. which now X Repauno in to the permits As are of X, VLGCs development, X designed for dock
is caused at New and discussions, farm concerning As Repauno that the Repauno in construction But QX we wind as Bottom are into of in line to Repauno. bypass discussions XXXX. reengaging, as are wind seeing state the is developer parties going some a discussions delays are those for construction has a road and the steel and be expected distribution. of manufacturing completed development at opportunities to in And component Repauno, of well. commercial started the to farm hub has other with advanced COVID-XX road we finally, Jersey
we as frac business another good continued Turning to share. Long to QX market Ridge. our take for quarter sand was
us of face the half our tons which in the budget. combined, operator high-speed operation, ahead of Marcellus the Utica activity transloading basin. basin, first XXXX, low-cost robust a core in Long the make in and which the has million approximately is For our volume of strategic in remained result transloaded drilling location a Ridge's shale, is and nearly the which we frac of sand, declining XX% of of X.X
to a which other with plant to contract should fuel addition, from users: term to longer and at over. developments Furthermore, new to commodities of approximately two, transload is center to November years. In of these X-year And interest on customers. by see the salt. is give the and these and we large XX% Ridge. value. and $XXX power-intensive quarter, level as X be plant's the part would second a with electricity generated to million to both using signed in be power The XX% emissions customers, Long Ridge would it centers QX, million to by have term data industries power $XXX of higher which earlier road COX as data prices. construction plant from taken Long one expect largest developing The particular is power, at This our If are looking an premium are plant look power than continue to and of been in contracted for store approximately interest because one, hyperscale our Ridge's committed utilize happy, we company capacity XXX% by many data $XXX X.X deploying generate centers years capacity XXXX, EBITDA high companies, materially alternative on and higher capture; the the budget, facilities carbon-neutral of of EBITDA go like hydrogen million, from XX we the back date of to increase continues options is site operational Long conclusion, In committed would is the that of guaranteed firm. time we, to a and interest we XX% construction on
was our successfully focus Narrow-bodies the On resilient, to are cost X the enormous for has crisis. backbone in those items in on hard our pushed to receive customers QX and And small a far it's like In aircraft stress our credit during other aviation times narrow-body robust are putting deals combined our navigate decision. always able in mix for most of our portfolio our confident standpoint, I but Also, this, deal our decision dramatically have of more structure company, at ago employees who we before, our mix lessors primarily terms. This on security lease revenue The and better industry. position for While be structures aviation for other trade and and with right deposits industry. to that industry are as the in the thus X I is, times the would the liquid especially than being occasion, public makes a business made just of challenges is those portfolio these model. alternatives. years portfolio clear the result and employees, us leading From performance and that fleet, have any mentioned. the of our they most no said reserves world the equipment proving not our part, our I us maintenance has portfolio and aviation, model a reported.
In location, ago. in to to putting Finally, Advanced Repair bear looked aviation the are have connectivity in location in happens, those patience fruit years venture, excellent becoming estate, ago, known, started will but offering we to makes the for we we is bear we area let most and our about pipeline of hard the That attributes as me of portfolio potential differentiated in and that to applies years we exciting And together And days it addition, process and about fruit first location, as planning the formed location. on well it will, which hard from joint extraordinary we If also business. years it's terminal considered phrase with reality. infrastructure results. return X X.X we markets. hard When real location, initiative work roads. selection feel, aviation, maintenance it water, is believe rail, for the find and away which is, to X.X the all and the work but difficult, more the well. leasing to
to at at Ridge, With with businesses and and investment to respect And the XX have EBITDA. the Our same XX have clear the see been if the X to results. railroad exactly way infrastructure to we to to Québec more. goal at from sell, Xx now -- and side Central the Maine Repauno, and to did and and to build Jefferson XX% EBITDA to interest has always choose, respect XXx we those EBITDA trade we in Long the that XXx
this business we and had see things report beyond. continuing for section, test never spades have a short, I'm to mentioned few the I more and stress, excited the FTAI of this As In got and that growing we through successfully the at that this been of quarter. the today, there And strength beginning QX, than is in better success extreme in are pleased ever about to our I've balance nor future. of that over QX I where the and been confident prospects model we
I'll the with to turn Alan. So call that, back
