J.C. Butler
and Christy, good you, Thank everyone. morning,
as and results but be XXXX, expected. first to results Our as reported we’ve that quarter XXXX XXXX in not the were was strong
new reduction XXXX results of We a to Mining first it quarter. what in Company we as to expected last as call generated and higher significantly significantly factors coal earnings moves explained a on those into natural area. mining played by due we contracts. out mine That Results prices -- the Mississippi in well those from our of benefited in Lignite is that the termination early of prior income as our quarterly decrease X quarters gas
detail overview in our provide quarter first, and more Christy on an let will first our and outlook into expectations. thoughts few future provide quarter earnings go the a about our a minute. me But of
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dealing at area. the we operational we’re with to area, costs final associated significant moving new as Hills inefficiencies complete mine with mining while mine Red also At the we’re existing incurring
continue fully These the are the moderate higher and of much of -- XXXX, expected the through mine end inefficiencies costs could by costs in operational should are these we when year new but to area.
that is Mississippi capital underlying significant depreciation recall area, this invested been will the to open you’ll Lignite we’ve If performance increased that why mine we’ve expense masking of Company. emphasizing Mining be new which
keep investing to replacement same few tells last as story in pace have the since EBITDA we at better me, capital To don’t a the years.
of I’m was quarterly retired mine the April reclamation commenced During our Sabine to the mine in of March, our X. first activities Texas last served plant that we our did by the affect retire I power plant the the on Pirkey and mentioned that quarter. action power call, plant. plan to This owner at not disappointed end report
first in quarter rose In the XXXX [diverted] at versus Sabine XXXX. tonnes fact,
income received during for will is final less receiving Sabine that compensation mining. mine reclamation be much services, income providing but annual active than
quarter the much of years. led oil higher last in -- in X The compared to and natural lot management’s gas lower significant first last a existing first QX quarter. much the were at production benefited results years. decrease X Management. oil mineral prices Minerals wells and We natural expected combination a XXXX than the decline significantly of with prices Prices XXXX over to from gas lower Shifting and than the over
expand XXXX. continues and team promoting Partners existing at additional while to our investments Our look to mineral royalty is million Mineral in million for Catapult through up opportunities interest XXXX $XX of portfolio our of acquired targeting team The and additional interest. to of $XX development and in acquisitions, also mineral approximately royalty
gas XXXX Our levels market and to line in XXXX averages. prices moderate forecast assumes with oil
in oil commodity all and to inherently know we forecast. could our in result adjustments current gas natural prices However, prices are changes volatile, and
forecast development existing results. wells the upside, be could acquisitions the on or on accretive additional our On future future reserves beyond to
Shifting segment. North to American Mining our
year-over-year. declined profit operating surface, the On
aggregates However, customer demand the with reclamation the increase at operations year is were quarter. because results. which Caddo, and reason These in largely Caddo in of our activities boosted final are in Creek main an the the remove swing first decline XXXX you prior effect quarter, our earnings had for the completed. activities mine compared first Once full
changes North current During are is future results. mentioned Mining. that can that American the implementing earnings I improvements It drive optimistic quarter I’m these initiatives too build to those soon upon to but effect last the call, financial should full initiatives we judge quarterly the of results at
North basis, efforts until at narrowed said, American incur on our improvements consistent a we’ve business Mining. profit development That
half Mining, American the of Pass Northern Lithium Phase Thacker quarter part XXXX in the is Construction and Nevada. project segment, of first North for Mining liner is the exclusive Pass projected XXXX. begin during is commenced Thacker at our X production Sawtooth Lithium in which America’s second contract to
lithium an to key a what is domestic be expected production. important for project This is forward in step
We for are this in equipments acquiring project XXXX.
levels production, income now of moderate XXXX and XXXX XXXX. when customer recognize income of higher for to with expect in planned also is as We starts expected our which
the banks projects permittee-responsible located Mitigation of banks Tennessee, quarter North to and substantial X several mitigation ended first established -- mitigation and resources X past team continues on Mississippi, mitigation Resources The has mitigation in the foundation Alabama existing of the mitigation Texas. build projects advance America with it over years. and
completed the Mitigation of Texas selected State to provider and recently project of restoration was land the abandoned a its recently by for Resources first state. designated be mine
at The team during is and Mitigation hard additional restoration work mine projects pursuing XXXX. banks mitigation abandoned Resources surface
I achieved pleased am Resources first years has within very its Mitigation level of growth of few the with startup.
XXXX. Overall, outlook I expect our XXXX unfavorable I of comparisons be we to remarks. in reasons a optimistic look still opening the very this, for my year I’m about discussed past as Despite
strategies, I our have of these coal mining a our to efforts the I’m and advance with in all team, confidence continue to pleased of lot including protect their business. way businesses
the to the for Christy more quarter cover our call With detail. that, over to I’ll results in turn back
