and and Yesterday thank quarter. of close our of on year market Thank to And with XXXX plan you, call our morning. XX-K the operating Dan, results additional details you full fourth issued we today. for quarter included which the us results, our we full for issue financial XXXX year joining the details and afternoon this after
for efforts. influenced the the the cash For of net XXXX X, income of of Partnership's $X.X operating $X.X a on became resulting effective terminalling to services re-contracting same increased that to by were July in the quarter due at rates primarily from relative terminal Hardisty portion successful revenue Partnership's the agreements our higher and XXXX, fourth flow EBITDA reported of by quarter million, of million. provided results million $XX.X adjusted cash activities of operating million, net fourth distributable $X.X The quarter, XXXX we
the capacity. services the terminals contracted the agreement exceeded South associated during contracted Partnership's with with addition, that the that services Partnership a terminal. owned provide by terminalling entered throughput The higher exceeded its capacity at experienced the our In Hardisty Partnership transloading Hardisty into quarter throughput the terminalling facility revenue sponsor existing Hardisty to for
revenue XXXX for basis the in customer from at August the representing this during the the December the a barrel rate quarter. throughput. received same of resulting revenue contracted Hardisty sponsor that per our Under to agreements such on revenue in Lower conclusion and arrangement, terminal costs higher payable partially operating Partnership's XXXX, the the Partnership at incurred Casper Partnership offset
for in to operating of five-year quarter compared lower with the into the fourth associated result of during with non-cash rates by above, weighted balance as lower quarter primarily a a incurred XXXX, debt higher the offset the discussed and quarter entered expense Partnership XXXX. increased factors income November instrument of derivative Net quarter, gain the of interest as the rate partially interest in interest the resulting coupled outstanding average the fourth XXXX, that from
quarter to the for XXXX. of Casper XXXX by the receipts conclusion XXXX, the cash to and agreements of and balances timing terminal fourth Net the customer Partnership's payable activities August accounts and quarter of provided accounts deferred at of receivable, December general decreased relative and XX% by revenue in due the operating primarily in payments
covenants December its Partnership of undrawn the Partnership's on including compliance of unrestricted of million, the $X $XXX senior with million and equivalents $XXX financial of cash $XXX times XX, As LTM and based liquidity continued credit and available capacity of to on leverage covenants. cash subject million had its secured X.X financial adjusted approximately EBITDA borrowing million net facility,
X.X with Agreement. Pursuant to month compliance consolidated in as was of terms defined covenants The limited financial December as XX. the the its Credit of Partnership times the in Agreement, borrowing its Partnership's trailing capacity Credit is EBITDA, the Partnership's to currently XX
paid On business record over on distribution the per represents January cash Partnership close XXth. annualized XXth X.X% XX, distribution unitholders which XXXX. over an per quarterly on the basis, the prior unit February of quarter X.X% quarter unit February of at $X.XX of on of and declared fourth growth the The to or $X.XX was a of
increase previously to guidance. distribution coverage this were quarterly increases our our XXth consecutive about future was with pleased quarter, distribution distribution good level mentioned, quarterly Dan announce plan feel As We a current on XXXX we and in our distribution which consistent evaluating on basis. stated our
the in Board's discretion to the be future. subject will this always, As
to like back And the would Dan. with now that, I to over call turn
