XX. Slide and Brian, Thanks comments start I’ll morning. good on my
over during claim despite that quarter to operating of approximately XXX million million Third basis point $X XX% an XX quarter a third of basis insurance XXXX revenues quarter growing With Harvey quarter were XXX ratio of a impacted a increase on network XXXX. gain impacted of is environment were over extra operating EPS X% On increased the reported adjusted ratio XX Reported was of revenue the challenging XXXX. Incremental million our appreciating third million quarter $X.X third represents over Hurricane in Reported Adjusted and in fuel XXX improved the XXXX congestion. basis surcharge of approximately us increase XXXX. gain XX% peso of EPS margins third quarter of settlement million XXXX. improvement the Included XXXX. added third negatively excluding over while revenues by $X.XX third operating due expense the ratio a third a partial over that XX%. $X.XX XX% of operating a points quarter XXXX. quarter the of was
to XX% XX. XX% was is lower our rate expense as to effective of to XXXX year tax expect the primarily new for guilty one point due regulations, partially that now The adjusted or remediate rate tax credit foreign indicated lower reduction XXXX. effective implication the weeks will Our tax issues negative next a guidance rate adjusted We our percentage forthcoming KCS. and into Department guilty the few the be of the in tax than tax the tax Treasury fixing effective has
the interpretations regulations quarter. reported from million, liability tax repatriation our department the the quarter They of also during third $XX.X recorded due. issued the treasury a primarily the resulted clarified we reduction provisional benefit amount that a at to due During end of to we repatriation new tax XXXX, and one-time
the adjusted of EPS this as to reconciliation XX appendix. of adjustment we on is nature credit a in to reported reported is the one-time As benefit A only, recorded the in Page EPS complete to EPS.
a $XXX.X for shares shares our ago. the in third The $XXX.X outstanding million year the for lower of were average repurchasing the shares quarter outstanding common outstanding than stock. average quarter Finally, reflective reduction million, third is
on are in included in details XX Additional appendix. the our Slide income statement
in incremental Slide of from of $X to million recorded increased of in which the were FX Depreciation expense primarily operating $X Harvey Wage on we Moving the PTC network damages the $X quarter. increased million to expenses, $X.X and and XX, these Fuel X%. increases of of adjusted $XX drove lower third increased servicing. in congestion excludes million prices settlement incentive million, offsetting partial quarter expenses, hurricane million gain $X contributed headcount million year-over-year compensation $XX increased inflation impacts and million. the
points, and Slide that million. X% Turning incentive the in year-over-year a and to of XX, $XX offsetting expense compensation million was benefits inflation expense higher decreased benefits congestion increase comp expense result Partially compensation percentage wage largely X million increased declines of combining Network approximately benefits for by overtime. in FTE, and $X decline costs and also to increase due expense. in and our crude compensation $X a
million. by Finally, compensation expenses FX $X reduced
by in fuel net an increased the XX, Slide prices to IFs U.S. Mexico fuel by XX%. in to Turning and expense, XX% XX% increase of due in
exchange $X to a million expense. fuel contributed in reduction Foreign
other as recorded that the credits. And and and to which item. expenses to Slide to other increased $X caused lower increases some Equipment X%. the to are $X XX. $X billings the and car increased contributed and $X congestion repair million And $X on partners, were incremental expenses maintenance savings million. again, detour services are equipment million congestion to Partially equipment by of to hire lease in Repairs quarter. XX%. Partially billings XX. or equipment that increased rail Slide Purchased network expenses Network expense us million car generally other or turning line increased owners offsetting continued million an due offsetting $X to million. traffic of maintenance materials Turning lower higher
in to use opportunities. is continue our capital best We to of believe invest our growth
a to be For and lower reduced XXXX, will revenue. percentage end as in dollars million row we're $XXX to be now of on This third absolute the million the in of CapEx projecting capital year both our guidance. $XXX a of
budget the new expect do in capital XX an we capital for currently purchase to finalized, not to see increase our has of locomotives. been While due XXXX
expected of our to locomotive is Excluding the CapEx be remainder to from levels. slightly flat down the XXXX purchases,
evaluate We product refined Mexico, particularly promising also continue growth. in very as to in show opportunities growth to investments continues the market
return During approximately billion share million shares the capital. stock, program our our repurchased approved by over and now $XXX of quarter we shareholders XXX,XXX to repurchase August well with $X.X in have common completed we of last the Board in Combined million $XXX XXXX. our provided dividends of of have a year,
Finally, be we now comfortable leased We to purchase continue our of equipment stemming to seven-year XX% with own equipment. our our very from effort structure. capital
we leased million in XXX have basis time improvement of an OR, billion resulting benefit. approximate over approximate and this net point purchased During in and cash an improvement P&L $X in equipment $XX
weighted we have to are We of call that peer better industry enjoy enjoy to and I'll credit to continue group. average industry over that back rate Pat. and expect turn - the with an And interest best X.XX%, than the metrics
