Thanks, we're for the third Walt. pleased our Overall, with results quarter.
our third with in budgets. Our ahead were and internal of expectations results quarter line our
net income For XXXX quarter $XXX $XX on $X.XX per the $X share. compared quarter per of included the or share income third $XX of or of diluted the third basis share $X.XX GAAP benefit in million was of million million per to a net which XXXX diluted tax of diluted
compared expenses million, Adjusted share XXXX. to was per $XX million roughly calculate EBITDA one-time divided and for $XX in EBITDA adjusted secondary over identical XX% the adjusted XX% of margins in in $X.XX quarter diluted compared $XXX non-GAAP $XXX third The at were Total diluted prices. as period adjusted for net last the decrease period the the third to was third $XXX to other Excluding in lower the a increase $X.XX EBITDA was quarter which XXXX we transaction by revenues selling is of equity as Company's XXXX. offerings, quarter, the compared or adjusted prior of share to per period year. volume primarily XX%, EBITDA due revenues quarter net the period. million offset partially in million period of by The total the third sales same million in same to income
production were offset was than were in first increase decrease partially this short tons year's quarter previously levels impacted by net XX% expected in volumes a XXXX selling half in As positively entering sales in attributable Last by primarily XXX,XXX the year. third of decrease XX% inventory higher which sales the volumes mentioned, prices. to quarter third levels last
the moves quarter addition, in to year's prior no third quarter longwall year. third moves there two compared In were longwall in of this the
percentage represents realization demurrage realized third gross realization gross Australian volume products. during calculation price the the Our characteristics premium average and index price. our FOB was which low-vol this Platts excludes our as ton of gross quarter quarter, XX%, demonstrates price of price volatility short Despite the premium based the on our rated low, of per mid-vol and high charges approximately other a daily sales result quality price
As said, to our expect nearly longer we the the index XXX% be of Walt over price. price gross term realizations
higher average Demurrage and in in of cash third revenues quarter of production. quarter field million ton, the ongoing higher and is steel CM in inscribing on port The price in short strong XX% performance costs to XX% royalties sales period of the in last in quarter compared to XX% due third quarter of port, price Our net sales in rising third higher of production approximately due net to excluding XXXX. selling $XXX ton realization year; operations the compared of increase million cost or sales per Chinese winter period in selling the per or almost and strong third maintenance same rail royalty charges to approximately third were year. a in the primarily global $XX per net revenues cost lower environment mining price Mining were back average to other increased the short XXXX, in disruptions prices, uncertainty of to ton a mining net such short and with $XXX quarter $XXX around units, Australia, short to compared field the $X volumes period was in costs reduced of third quarter same of ton last [ph]. period our gross XXXX Cash of the the mine the cuts same higher ramping last $XXX additional $XXX to October and per selling continued quarter XXXX September as the year. price the third short of same compared compared Transportation of to of to this compared ton in in production, period mining XXXX. the prices Mining FOB XX% be cost including same increased and primarily transportation XXXX. is per the was
longwall move higher the running rates. calls advancement year to addition, In faster our due this are
line short-term than cost per last cash was of fluctuation within with our which quarterly has was the changed. our expectations guidance year, in quarter full sales third not the While year and our higher
expenses plus the attributable third the legal $XX and relatively revenues of in Depreciation cost rate depreciation capital and increase short was SG&A the XXXX $XX million in of or quarter Transaction lower total revenues $X.X it's The to last or In primarily X.X% previously total year period the accelerated X.X% stock lower stockholders year, same any receive not $XX sales in of quarter quarter secondary million of to consistent ton million expenses about of to equipment than about with repair. were the of expenses of and related for third compared of XXXX. attributable other professional by of beyond spending and per were $X is depletion from third the million to addition, a in Company million of primarily our $X were economic of this $X offering year-to-date approximately million higher expenses. the our announced guidance. the completion did third secondary proceeds The were the and certain quarter. offerings the Company. cash on
with of third third last million in debt, secondary year's our amortization improve to to stock. March As plus costs our with senior this was X% our facilities this over Interest previous ABL. associated outstanding and just those expense and than $XX November notes of interest the and issuance quarter offerings This XXXX year, process liquidity was in on our due of secured debt XXXX. has our higher offerings continued trading the included quarter
operating XXXX As the losses net third incur in taxes quarter of not did Warrior any it's NOLs. or due income to utilization anticipated,
long-term key we expired. company and strengths it's fully utilized assets or zero federal liability are expect NOLs NOLs the until of of income to One reduce which tax our state will the and is the
over will the this conversion years. continue significant free next drive to expect cash We several flow
of of year received letter quarter IRS benefit the $XX third utilization of the to million the reflecting that NOLs. a The related the last included favorable of ruling impact tax profit Company the
quarter lower flow the during of of in result to used is by to of which $XX Cash This in cash the generated were third which of of quarter third million third the approximately operating the almost XXXX. XXXX, of million free million amount cash capital of used compared in in was million XXXX. $XX third flow, primarily $X we for XXXX. flows flow activities cash cash was result quarter results activities the quarter flows to financing third lower $XXX $XX cash million. expenditures operating provided the plus Turning in the This attributable quarter same of free of
short production volumes. XXXX, working from tons at quarter with million at the net Coal Our The driven from of better be sales interest ample tons capital by The quarter. the loadings increased XXX,XXX $XX the inventory than accounts lower a XXX,XXX third delayed to short one than that the continues receivable XXXX primarily of expense primarily by liquidity. our and quarter secured decreased higher leverage the strong second ratio third in lower port times attributable notes accrued to the the to vessel in balance of senior expected and quarter on less of closure increase in associated second X-day end end the adjusted September. sheet company's EBITDA, plus with levels of
facility, Our for were total available of as million. XXXX was other and of of available of and outstanding million of approximate recently. under $XX key XX, liquidity the letters Company of net September cash consisting $XXX and our of equivalents There million ABL million cash achievement credit $XXX interest $X items
According Company agreement and the million was a $XX the years demonstrate Also, BX XXXX. from with through strong that financial after of reflects outlook. of quarter, changes and restated upgrade commitments $XXX the are interest to cash moved shareholder ABL returning and pleased flow Moody's cash have decreases reflects the from shortly will Company's generation flow base. recently the family Moody's our performance and free [ph]. which date BX prices, rate end strong amended We to corporate generation, met continue stable strong a further the to The five low coal our XXXX increase applicable rating in to upgrade leverage upgrade for including extends margins expectations million financial a the credit rating free the to October received provide of company's aggregate to
tax in for of Now remainder year turning first year. ranges remainder of $XXX X.X X.X short to expense XXXX stock capital as of associated to ton, of at port with the expenses reflecting interest of FOB coal cash cost with Considering guidance come conditions volumes million the the includes sales million Several offering, higher Index $XX SG&A to full the and NOL sales million performance expense including million of affect and the during if of in million, sales, per $XX end our the to cash Platts This X%. million things X.X may coal quarters, to our and are our we May tons, tons, $XX to all secondary longwall $XX short FOB will for short of our timing Australia and carryforwards million the outlook to expected number outlook for a our the X.X the of successful factors compensation and the we quarter. the rate previously of the expectation that production $XX go expenditures million of $XXX expected non-cash the three moves low-vol the affirming Permian fourth issued $XX of market additional production pricing. million
for XXXX turn to that final Walt his additional one I'll have back quarter to production extent. of some to fourth now expect in We will longwall it move the lower comments.
