Thanks, everyone. Bob, good and morning,
We both as financial are sequential the for record as operating to improving results well pleased in metrics very of results. report record terms company quarterly
common net cash announced income higher trends of Net distribution up was or attributable in XX% approximately to QX. the common from $X.X $X.X quarter sequentially significantly approximately were flows Third was improving approximately income we $X.XX million. positive total on Based $X.XX, million, $XX.X cash revenues units unit. a and and quarter, per million
have its distribution to we allocation strategy for cash down the $XX.X quarters, the down previous secured pay expect to to company borrowings outstanding a in by and available done credit will its As company of portion the available its QX cash utilize continue. portion distribution credit has of for of debt May facility we a capital XX% of this XXXX, million paid Since paydown, facility. allocating revolving under
million, $XX.X $X.XX primarily Mcf natural BOE third gas realized $XX.XX $XX.XX XXXX, a barrel the QX. of $XX.XX. For of prices natural revenues per the pricing from company's of barrel third average per XX% gas and and reflected natural were for liquids oil, per gas of combined oil, NGLs per This sequentially higher quarter of of quarter up
the The which and daily rate from day, recognized active rigs Permian production Third up XXX was which quarter primarily QX. quarter, We due day end of day and outperforming production quarter quarter to per rigs BOE prior-period basins, the XXXX wells production. the Haynesville at XX% had this XX to the XX,XXX led the recognized new consisted estimates. run of of XX was prior-period BOE per average production per of related XX,XXX by end during third BOE at was Kimbell's
rigs rig our Our in and are QX. our reaffirming year. from we market guidance seeing XX.X% Lower of XX, end we activity the represents are at for count of drilling we total the earlier level XX.X% share that of up the improved Based pricing, outlined on continental the U.S. in XXXX on acreage
not had X.XX Kimbell minor acreage. wells could the XX% inventory. well DUC permit This net permits September estimate XXX gross as and add which of net an but and uncompleted our as data XXX to include and As gross does we additional X.XX on properties, XX, drilled its
which On the was and G&A, million $X.X per $X.XX in QX. expense cash which million side, $X quarter, BOE, expenses of was from or general were the flat administrative
payout million, adjusted XX% and EBITDA of increase distribution of attributable prior new income Record XX% $X.XX The or a $X.X an common Third million the quarter and for $X.XX quarter quarter common to net for reflects approximately approximately million, compared the for the record consolidated was quarter, income $X.X units unit per cash company. net distribution. to per available was a common was this unit. the third $XX
under amount use borrowings the retained to pay portion of the a We down outstanding Kimbell's credit facility. will
balance strategy to future a capital and Our management of the continues company's liquidity as sheet risk on allocation prudent mitigation uncertainties. be against focused
and further Commenting on our release. of distribution our at the consolidated a sheet news You cash liquidity. of available for EBITDA will balance find reconciliation adjusted both and end
sheet debt-to-QX trailing At X.Xx facility. XXXX, consolidated capital completed As and under million through XX, the we funded of approximately quarter, our during a we A balance from successfully our this cumulative redemption adjusted year, secured we Series facility. end of redemption QX, net September third and EBITDA. of revolving XX-month have structure the capacity work $XXX million earlier revolving approximately the outstanding to of secured credit XX% was and preferred units undrawn had credit debt borrowing our $XX.X Further in the of convertible the
Series We to capital. remaining cost all QX and reducing outstanding capital A cumulative in expect our streamlining preferred our XXXX, units overall structure further redeem of
taxes quarter. expect call guidance earnings material and XXXX. last reiterate considered income tax also unitholders free XXXX common the cash of federal distributions would to from XXXX this be our the substantially like distributions important, future we we of to not expected instead through will pay to treatment we expect all a We year, a that amount open to and to And be to that questions, unitholders provided Kimbell return income capital. of common of Before favorable do I XXXX, dividend taxes regarding paid
ability has returns oil of advantage Kimbell's and that given their us give this come. to as believe energy level energy in global sector We are distributions detail unitholders. well in terms with for U.S. base our a compelling generating and of any highly superior across our tax asset unaware company years and to for sector results broader guidance cash continues generate current it tailwinds operational after-tax competitive strong confidence many provides to of as unitholders gas the to
DUCs this longer from the focus benefit forecasted unique increases further operators cash is generating significantly in investors Kimbell for significant to in said, environment cycles, in was this expected With will lead previous investments truly As inflation, to price in that, goal and to downside way to continental and U.S. rather in last this cost Bob are only serve model. with replace others cycle our will for next for of built sector, energy we XXXX and we believe of our significant States production modest operator, unlike year. by transparency than the depletion commodity generation value ready Kimbell, come. the long-term risk questions. to in inflation years up new many United than will and will continue without now which the with of input much many
