Thank you, Larry.
thank team successful work their to like creating I'd Hallador another quarter. for the hard First, dedication on and
quarters, company. and to profitability, As operate goals highlighted sheet in we as leverage company increasing previous our increasing of liquidity paramount our I've reducing a balance how remain
results This these goals. our show quarter's progress towards continued
helped cash Our power first X-month operating at and period And has mines for our quarter and net efficiency allowed to months. million us on $XX our our of $XX.X income over X $XX.X build of the income both invest plant. of in expenditures flow reliability million capital improve the $XX.X net our million record continued our million record for to the
first improving Larry during September to quarter. third during liquidity of of repaying further sheet our while our debt balance $XX.X $XX.X our This continued made We goal of leverage, reduced million was increased to the million X $XX.X progress year, of the which of on as XX. we X.XXx, by million the months said, as
credit of we credit a Bank, extends important October is with for facility amended facility amendment which extinguishment. maturity accounted debt our PNC as the our XXXX. into successfully On we X, it as This
revenue. quarter, volumes, third the record high coal prices, shipment coupled sales to led with During large coal coal
during This the per the coal of cost to of operational increasing and units relocate our our supported our quarter. We book challenges conditions. following XX% into sales well-contracted geologic expect better despite production obtain to Our production growth moves, continue. chose ton in the -- production during this resulting third to revenue higher which frame, led cost to overall quarter is during improvements but decreased and better we time to October
million price We X.X produced before shipped of the $XX.XX margins coal of we intercompany quarter, ton quarter tons quarter an per eliminations. per before before average eliminations. tons $XX.XX at X.X the $XX.XX in the of Leading third ton to eliminations. During at million during
$XX.XX the an on shipped per to expect We year. average price this be tons ton remaining of
to division division, set per we per megawatt on side the based Plant hour On Cost megawatt average time megawatt increased intercompany variable over before on an to $XX.XX the from We eliminations. increase our coal of of the hour $XX.XX consolidated power sales the prior were of our per business, $X.XX coal ourselves megawatt hour, Coal cost that Power market from indicators we time. hour to third-party a the price basis. quarter sell to review per
we to price each As fluctuates, variances see these side expect the business. marketing types of the of in
megawatt million hours. quarter, the produced During X.X we
forward about making sales capacity our excited are progress power we are the in We book.
quarter, of over day. of foundation per energy energy the across and are the agreement filed of release, sales These as important sufficient an $XXX sales and me, time $XXX a they excuse years total up capacity This with Power a significant with hour, our 'XX, During X our years, our this at 'XX, sales energy per in next $XX sales profitable at capacity -- number create up we years, the million or division million. multiple XX-Q for sales Form for last approaching and night. capacity division 'XX bringing megawatt as megawatt received to $XXX over in morning, Power and additional $XX in and successful securing signed to the leading revenue this million was reported prices
our a outlining investor sales MD&A capacity a Now X of should and section of detail have division. -- included we we we we of think a concerning an a of clarity, of lot included how Hallador that overview add To questions now about on get lot power power coal, XXXX. added the detailed through the Section
such. think of as tons business I a We our At million X annually. produce level, coal high about
Power Just to of at Hallador years, to division, over customers are committed outside that is outside coal table plan X The show to X tons average XX% reference million over per sold Power. commitments almost already next and an priced sell million X that, our tons parties sold the and will of is these those to XX% price the to we parties of is ton. $XX.XX
coal per year-to-date to produce $XX.XX. Our cost ton was
million-megawatt tons X hours we other produce million our The will at assume annually plant. power X that
we ourselves the eliminations. due follow and internal there rules about Now can confusing this are be to price to to how this coal around accounting the
made sell much profit allocated matters or or determines the how coal division. Hallador structure. on loss much we what profit to cost Ultimately, ourselves only our Coal However, the is price how our that based is division chosen for Power at is is that our
During the quarter, hour. our third variable per $XX.XX costs consolidated megawatt the at plant was
of previous use at the to sales fixed majority our quarters, we plant. in capacity the cover our stated As costs
seeing, We continue. have and we sold that expect, -- that with to prices capacity we're the
cost per Power. years $XX for per us is excited have We the megawatt we megawatt future have margin the structures. today's hour, based power about very XXXX at megawatt based per These $XX XX% 'XX, quarter, approximately But Hallador X.X through hours cost this sold megawatt on 'XX $XX hour at roughly roughly past upon for sales million structure. which profit profit in margins have 'XX, our of sold hour, that potential a $XX
been net be since there mean The when operational transformer plant. doesn't we we in that the replaced, such units. power the will as weeks us on Now had miss X the experienced unplanned challenge a has transformer one October from event of one of cause X X at X won't the to of output those an X outage to generators and
with as acquire the plant. look book through future leveraging are to we seeing excited XXXX, the I power solid from that power we now our the that about through especially to recent decision pricing. our the increased PPAs, want incredibly With am to of I power pleased company, a capacity from strong I drove reemphasize, coal towards the with supply and showing what very demand making progress steady pricing are the of coupled are our and business that I opportunities am the of mines, we sales
the comments, the Hallador progression by start continued of my said results As company. encouraged of at and I the a as I'm quarterly
I up that, call open with the will questions. for And
