Jimmy, you, morning good and Thank XX:XX everyone.
made me financial let update have provide quick First, on we a our the progress key priorities. on ongoing
our more We force each This We in have in start take cash 'XX, level. of strong driving starts been it flow. In market cash cash advantage Since maximizing or our fundamentals than market flow, generated free year. we million free stated the total goals have cash maximizing flow continued debt have XX:XX of Strong financial positive of of First, reducing our $XXX accelerate boosting to not? full-year XXXX execution. we financial generation. free generated flow which with free flow, XXXX, is cash XX% to million behind liquidity. the and of free consistently has our generated XQ $XXX
on we notes. $XXX XXXX. $XX continue approximately we market debt made goal. overall We our XQ second-lien our In of debt total Second, which included made of of to make repurchases repurchases repayments of debt $XX more have total now reduction payments since and of beginning million outstanding million, than million 'XX, the XX:XX open strides
markets reduction While we more with balance rightsize additional sheet on provide debt to and our the do financial and front, plan is use certainly the in strength we efforts, our pleased ongoing there this to flexibility coming in quarters. work commodity are some to
set In at made more of XX:XX of cash cash to at million, in on Third, 'XX. to our $XXX I'm Term When revolving for leverage net Loan the balance ratio we million our XQ restricted preservation in reflected a to as bringing our our $XX 'XX. increased XQ announce of our reduced XQ during under cash balance cash April, 'XX. is end refinance rightsize end that Lastly, unrestricted times facility credit maturing million B quarter 'XX, $XXX just discretionary than look at March total quarter and position we to $XX $XXX by 'XX XQ the we liquidity X we we million. expect such, pleased our ended balance debt Itmann our As we of not $XXX liquidity spending, cash to million with payment prioritize and results. million faster end. end at a $XX total Fourth, million first development our at that the of our short-term, while accounting XX:XX reduction with XX:XX completing equivalents the
of through majority approximately excited The we have by debt. commodity We improve, note on leverage the reduction been significant the consist debt sense a XX-months, last our to and our position based that and $XXX goal I'm strong to and bonds risk demonstrated are total expect tax-exempt million of a liquidity $XXX remains today. leverage upon. path and targets. long-term recap we that entire progress, accelerated to in combined pleased financial understand very the outlook XX most XX:XX reduction visibility months, down backdrop that, that In are we efforts quarter equipment we for such Furthermore, the strong summary, liability at but of not financial let debt of next of have extremely that financing. to team, cycle me of our earnings over that also public touched to first XX:XX never which Jimmy an mitigation and perfectly urgency million given XX results. To of align extent, since continue the strong the becoming revenue, as efforts. CONSOL on very ratios commodity mid markets may as With
We market of quarter and the on in significant in the APIX first core pricing volatility its have seen impacts XXXX.
$XXX expect, million $XX would million APIX XX% we of In of on for as the news As of quarter. The that that associated income. we concluded year you approximately financial As good losses settle loss quarter. hedges associated as remaining the the the APIX during sites. has unrealized XX:XX well 'XX, volatility with and balance 'XX, our also the the the in as we of on first with settlements hedges an both mark-to-market the progress additional first hedges on these were through XXXX occur settlement impacted in as we and physical expect commodity decline hedges this our net of our quarter recorded derivatives
the So our to QX. exposure quarter strong compared quarterly very performance. morning reduced the be meaningfully first financial hedge of reported for will This year, balance volume we a XX:XX XXXX
regenerated previously discussed yield loss quarter, unrealized the million. adjusted net EBITDA tax mark-to-market a the derivatives $XX came drove at million in would cash let effect $XXX you a associated the updated Furthermore, million. commodity net losses outlook While XXXX. in unrealized loss of on income of operations $XXX.X provide and excluding Now $XX.X income driven million $X.X flow, million me these $XXX.X cash of for our and flow of by XX:XX and million of primarily free capital expenditures from with
coal we strong range to $XX our of realized to settlements due outlook, For commodity net derivatives. of per are guidance the ton, to $XX are XQ and PAMC, 'XX raising we that performance average announce improved revenue expected a of to pleased a
Our $XX at midpoint, PJM forwards megawatt for updated the West guidance day-ahead XQ. per power assumes XQ of through hour the
for reaffirming of gradually in end volume For PJM $X.XX million portfolio entire our tons, to per operations West XXXX Additionally for prices, ton of the as every XX per very realization would million the estimate the in by change the midpoint have average and dollar at our the change transportation weighted we since XXXX XXXX. PAMC, XX:XX the across approximately power price. we hour quarter, sales bottlenecks well full-year megawatt improved first XX are the of ran range
We reaffirming cash of cost ton. $XX PAMC of sold coal per $XX guidance our are to
continue 'XX guidance keep cash pressures and has to the our a costs, team slightly done ongoing an push, midpoint to our range. create cost upward job managing of were our While of our below good able XQ we
monitor progressing is this For to production half Itmann, mitigate XXX,XXX focus given XXX,XXX as second will are we key plant on created our as for reaffirming our clean equivalent by preparation and XXXX and a through project XX:XX of expected, coal be basis XXXX. a inflationary guidance the of of for to the current we start up rest our tons and guidance a environment, progress challenges However, the clearly us XXXX.
starts We as working possible. are to ensure diligently plant as the soon preparation
in We increase third processing to environment, million capital business anticipated expenditure Finally, chain are in expenditures progress project in supply This of current capital our $XXX it encouraged quarter our labor of on by begin there XXXX. million. XX:XX modest a Itmann at believe modest is a offset keep on $XXX are potential includes point other we reductions to the the range the an coal accelerated by in and schedule and CEIX segments. reaffirming to some guidance
of currently from brighter. expect and future up rate are Jimmy book despite both While debt beyond. believe shaping is lower ongoing we strong PAMC even we XXXX we business trajectory, for reduction the with we pleased for debt us, next confident to how the that with sales in cost servicing financially, remain firmly could have be XX:XX XXXX higher As interest and a are very achieving And mentioned, Itmann a Furthermore, rising from our volumes we environment. year. building
on me While beyond. prices card, that, turn let be always we cash of that for and our to changes XX:XX will commodity rest touch in are back creation wild in our value financial flow priorities of to expect XXXX shareholder generation With the flexibility Jimmy tremendous a drivers and XXXX. it key
