Thanks, everyone. good And morning, Lois.
directly through quarter the move reviewing Let's first results detail. more in
let $XX.X share, million the quarter to quarter per $X.XX our million the in me quickly million. of consolidated income diluted was XXXX. Net EBITDA of adjusted slides per first results. or an first diluted In the to we turning $X.XX loss of share $XX quarter, Before the for net $XX.X or had compared summarize first
I'll XX. slide to the charter business with the primarily tanker beginning of million sectors. for of impact million quarter decrease segments segment. turn Time from the the crude $XX or rates first please crude for discuss The segment $XX Suezmax, in TCEs worth equivalent lower our the first of resulted and and Panamax last the results Now, VLCC, compared to average quarter Aframax tanker monthly year.
segment, TCE daily quarter This and quarter by to LRX, average million revenues earned million fleets. for was the budget LRX in due Turning $X last carrier $XX lower the period over of first period to MR the were rates the year. product compared to
decrease to a a and results MRs driven to TCE in decrease between quarter the off addition, decrease the the top scheduled by first product chart million, consolidated of principally quarter the year's drydock revenue across for XXXX redelivery poor fleet to in of daily days in compared soared due XXXX in days to and XXXX. lower revenues average the $XX reflected first rates were were as $XXX first in million XXXX. MR hire The for March as Overall revenues revenue LRX In this compared by quarter. owners quarter their our substantially in July time was impacted decreased fired last left
in the chart EBITDA was $XX quarter of by the of lower principally for the page, decrease quarter driven And to at right EBITDA first again, adjusted $XX million at million Looking rates. daily the compared top was adjusted the the XXXX. average
On revenues million and our $XXX $XXX $XXX results of ended respectively page, half $XXX last we look TCE LTM million XXXX last basis. in and months year prior the XX the over Consolidated and March bottom the to XX, on a million XX million months the adjusted compared at the period. for were year-over-year EBITDA
an Now LRX turning quarter QX approximately XX,XXX day, days, our with an and today of at spot provide VLCCs at day per at average and for We average an available per XX% XX% looking results available $XX,XXX QX slide XXXX review spot an $XX,XXX to We're in and dates XX. of $XX,XXX thus day of second earnings of first they've quarter per update. approximately XX% a Panamax done far day. average our the our days been our days available and spot average of Suezmax of of spot per XX% of
our On approximately if at are of blended done we see on and accounted a days basis and charters for of with benefits charter top last you $XX,XXX spot When of time the year, accounted it as and XX% at for of that concrete combined $XX,XXX charters with the days are for. this a on of a QX side, page, the time the spot of number XX% second time right opportunistically executed side hand spot look our the MR example you'll VLCCs the quarter rates look day.
distributions scheduled end vessel XX, which the Now last cover breakevens for as slide dropped now this consideration for expense. this showing interest We've XX $XX,XXX JV In our must means I'd was amortization from day. drydocking fleet March to Cash amortization daily These our the also XX own excluding per fell as revenue. principle time overall overall day. on a illustrated like breakeven costs reference. XX. cash costs, overall months debt on months International operating our months. are into are The for all to costs slide. turn G&A case, wide breakeven to over slide breakeven to fixed rate expense earn Seaways XXXX cost, vessels TCE day rates ended this $XX,XXX the XX rates to service rate a FSO, the well breakeven and the principal a taking $XX,XXX last to After and
all day. time Please version. per this side hand the guidance not the SSL the breakeven rate chart revenue following synergies contracted time page, does the for right purposes. far is the get year of modeling our for anticipated your On cost cost $XX,XXX like the bar the account breakeven for overall closes At take to this the cost note expected into months. for the I'd consideration and [indiscernible] XX charter next into shows Taking
expect for we costs, various XXXX and as fees daily follows. our other expenses insurance, management to all similar of running regular includes be remainder related the For classes OpEx which
per For day. VLCCs $X,XXX
Suezmax For day. $X,XXX per
$X,XXX and for each case For this and in to to excluding Further, attributable drydock any we per $X,XXX today, and CapEx to expect Panamax impacts million Aframax year. expenses MR’s XXXX be $XX.X $XX.X million COVID-XX. day,
$XX.X XXXX for five to of compares cost you refer actual XXXX. interest be and about For cash an cash we million, slide XX an expense in [all in guidance appendix will to that details can on days] million with Continuing the $XX.X you interest can look expense update. which expect
$XX.X depreciation $XX.X amortization cash and expect the $XX.X year. finally, of G&A $X and which about about from last be million equity below million for JVs, in in million For million income is we expect to we year region
could to ask if turn we Now bridge. XX, at I to you slide look cash our
cash left to and first $XXX from total of the We million. right. began Moving quarter liquidity with
were distributions During $X million. from for the cash was income quarter EBITDA JVs and $X was of Equity the $XX.X million adjusted million. decrease JVs a
and the drydocking into million on principal million of a certain undrawn scheduled dollars. of million $XX total yielding $X impact $XXX revolver working was cash quarter $XX We and negative payments other million was account of taking net charges dividend expect our on $XXX the of The million liquidity debt $XX at result the and capital and $XX and million the quarterly and with approximately million. of end interest finally CapEx, cash
Now, XX. touch please slide sheet. briefly on turn to I like just our to balance
$X.X long of of As debt. March XX, had of million to compared $XXX assets, we billion term
credit revolving have that we addition, million March remained $XX undrawn a XX. as In facility of
loan a will for my total XX net at And months you net our As the our right And net EBITDA I strong last stands was remarks therefore, XX our about months value stands our hand call the X.XX having adjusted where capital can to was Lois. back side last debt $XXX to to the on XX% at concludes turn debt XX%. over million. to That times. EBITDA see, you.
