Thanks, and as position unaudited financial liquidity My comments on first will our results. as quarter our Tim. focus today well
XXXX XX the last quarter which our short-term the to the million useful XX.X it of free Web with you posted investor first find also and of $XX.X investments, from morning of quarter of results, about finished million cash reflecting from restricted account facility. generated results restated million covenants realized our our increase million from operations well may We an We the we a of For site. chartering highlight that this as discussion $XXX reflects nearly the and quarter's on million. slide refer financial million of during as result the of completed two first of debt strong quarter our the part the from the XX.X new transactions cash cash the XX.X in particularly transferred that implementation amended as
the approvals July requirement XXXX, required new did among equity ratchet received from we set eliminates reduces XX million On shareholders particular over million eliminate terms and final the value agree covenant with interest improved cash with facility. XX, that as return under under the minimum strong We're the it mechanism which to of were to performance as around a covenant. XXX% we a There XXX%. loan the modestly upward relates higher covenant last financial tremendous XX a on implement all the AR we're currently flexibility. headroom covenants, on well and we this pleased these things, And point other the covenant, to to versus the amount of rewarded in the received XXX% cycle that facility to us our improvement extremely XXXX which recognized improvements, through
inception that the seller's the John which and These million. Captain of We also a were three X.X plan for XX% and rate of July, at X,XXX,XXX in lessor day. gave we the payout completed Japanese That's outstanding days savings the about the about we $XX.X commissions. clarity. the point fleet about arrangement the $XXX principal repurchase to of carries XX.X of other sake savings calendar per John, realized financing for interest from plus that months applying in to Captain by annual days equate notice TCN vessel October, in million in repaying Importantly, interest the the credit to and to of million the debt transaction the
of for results, and touched in the slowdown some profits those Turning in available fairly that's at portion April available are revenue XX% the utilization about industry May. to already filings, for day we operating a first quarter. activity available high on per reflects which Spot TCE Also TCE which days of the filings following a entity the over industry the of again to that $XX,XXX. achieved Tim's adjusted We quarter terms TCE our of the TCE XX.X% available Helios the day utilization chartering utilization TCE about in pool $XX,XXX. COAs yielding of utilization net pool overall our per our Helios the days day approximately the reflected including $XX,XXX quarter was with estimated daily quarter as an reporting quarter or spot per for for achieved defined TCE a total $XX,XXX for as revenue
$XXX the to Our day full about available by of reported reallocation a periodic the results assessment profits due chartering and pool of relative per members. reduced part speed the as of consumption of
filed basis, decrease impact those recognized In quarter our excluded expense we OpEx addition, for On the the Again, small the quarter's for pooled amounts was sequential ZenRock, drydocking a insolvency last Helios $X,XXX we trader that excluding OpEx that $X,XXX day, from for costs. drydocking. from Singapore-based has pro-rata modest It was quarter. saw this commodity to on day. including XX.XX costs. results our and a exposure the a a in a number Daily
the of and that's Our excluding awarded $X.X G&A million. for which was million compensation normal about non-cash number $X.X $X quarter million employee amount the bonuses cash total the during amount in higher a costs included And G&A expect G&A was $XXX,XXX quarter that means as annual our reduce was G&A year This This was this integrated about quotes past than we million. $XX.X growth going fiscal G&A, audit in from forward. these little have about to an related would completed of we we normally we company. fully just first incurred our ended, to transition emerging as costs do i.e.,
Astomos the because prime Our per between we lower and expense time slightly XX charter have the Earth. days day elevated overlap was
the loss sum of of debt the give cash generated of swap was the basis, and rate in interest on and is realized expense indication we two other the items $X.X line market interest EBITDA On last the financing of was the we Our quarter. gave expenses which months at XX% the gain end roughly reported for environment, deferred of adjusted chartering excluding interest quarter. XX.X our expense derivatives. To We at million. of our look was fees some EBITDA for remarks below quarter loan million, first the on cash total during expense, interest guidance certainly that quarter the
continue the in after financings, of Captain hedged interest X.XX%. parsing further bit John Japanese floating That current our cost of small will piece fixed leaving We from favorable us a of and a payoff to the benefit a with complete hedging October. in decline we policy the our
like filings on adds to us touched and matter, a charterers. back face of not our FFA allows on our on the I'd our add only As that of out loss effect I as piece. also our reflected drydocking the whatever interest derivatives schedule FFA of gain EBITDA reporting the to and point the our unrealized realized calculation realized that portfolio. But supports best the current on loss, drydocking P&L on financial program. The finance already John's position gain would include our
cash XXX marketable and restricted quarter our remains end Our million. cash XXXX, and about liquidity and flow since securities XX, July up through is unrestricted at strong to short-term
XX give the Helios, has insight picture. we is sheet we hold economic to effect of useful believe its provide accounts, do percent additional a which a more plus our balance in complete order consolidate currently some we Although working cash in and not Thus, interest somewhat capital. to understating
overall coming and as that our allocation believe months well from deployed strength. million the company position structure of make in of With final a face As roughly week. XX distribution that the we capital at of whatever of the Friday, liquidity rate end allows to and paid we for the hand, cash on July the decisions capital reflecting fact position XX [indiscernible] XXXX, environment
deleverage, we've $XX criteria. that funds believe still reward risk costs As shoulder interested over opportunities global some particularly of our reduces remaining of which share permanently in with authorization We growth remain have we John an our backdrop cash we as the elected the per under it million uncertainty. day, buyback to use and represents noted, our meet excellent creative
position With in arise. as to us act they John to continue deploying what allows I'm to We financial turn will it cash, meaningful Hadjipateras. going quickly prudent our on that, back be to opportunities
