Thanks, Mario, and good morning.
provide on the quarter for of outlook turning will I my First, performance rest for comments fiscal the the the to year. before this
EPS diluted segment reported to rates at to an AmeriGas to As in margins impact stemming income was $X.XX, quarter, and related as favorable for the year at The Mario EBIT the Other year. comparison the & were to by AmeriGas. flat benefit segment results XXXX taxes, gas mentioned, prior from the tax quarter, International the Similar & Corp and the was prior in increase taxes. due of UGI the UGI LPG Utility was of prior third up and Midstream for expenses. base operating $X.XX effects higher electric largely delivered period. higher $X.XX flat of adjusted was lower to fiscal and offset offsetting largely $X.XX, unit lower administrative Marketing
also adjusted each income noncash impairment $XX reportable Creek a million the through key was net related Hunlock note, wanted the asset. to to Before from excluded I for I segment, walk drivers
to we sell that used debt metrics. an being credit asset As agreement pay Mario our entered cash is improve mentioned, and generating that into down to
communicated renewables, committed to capital. with noncash $XXX to recorded the million to spend action addition, intent previously ether million with of investment This impairment investment of write-off our related in dimethyl In a we plant. the associated our a $XX curtail renewable pilot aligns limiting
our Now million continued quarter, third growth. gas prior of DISC in increase review period. rates, margins system. segment increased increase offset the up to the EBIT $X over volume total as realized The core with prior by continued was incremental expense market an offset distribution The was was was benefits amortization electric $X warmer that flat the the from depreciation and weather utilities due customer investment program well as total base in each by largely million year higher year and the as growth than performance the customer XX% At versus period. partially year. for An moving was the associated million in prior Utility segment, to margin $XX
a Marketing administrative business. lower $X partially and of of up $XX lower realized conversions. and a Total offset million we was energy natural reflecting, over the up year-over-year the volumes effect warmer operating by maintenance costs. million Midstream prior growth gas $XX of increases million declined LPG million due exit increased and X% and were margins higher lower attributable At $XX on with UGI in $XX the Next, margin the of & EBIT weather a reported personnel LPG reduction to and basis. prior by period, expenses, expenses. associated These LPG other million, noncore million, things, year effect $XX LPG margin among On marketing reduction the in $X operating the administrative to International, a volumes. by driven EBIT unit million, primarily increase was year to
reduction administrative EBIT and partially AmeriGas, year-over-year Warmer expenses. at offset operating continued loss retail basis of prior in total on the when and were million Lastly, year. margin total lower over volumes was by $XX down Operating effect to $XX led customer the prior million and expenses. reduced among a lower advertising was things, down volumes LPG XX% a as led unit to a lower year. lower The and administrative to reduction and $XX compared reflecting, million in compensation other margin margins expenses weather
Pivoting outlook. to full the year
As our efficiencies, look segments, organization million rightsize and Mario partially capacity of warmer The margin. management the delivered increased businesses from up financial and year-to-date of rates, in year-over-year a the we the benefits natural delivered we expenses strongest from reduction are we've overall cost as offset Across higher $XX base weather to shared, and drive reportable weather administrative X effect operating sustainable which operational our performances. rider, the strengthen profile. gas $X.XX normalization
have basis margins The year-to-date global businesses a LPG volumes business as been and LPG offset exit European of operating lower marketing the fully administrative to AmeriGas. noncore by the due margins $X.XX higher expenses, increased lower continued and of on down are at UGI energy International effect the at
reduction earnings be normal more the give the will we seasonal quarter European and by fourth we prior the to turn sales gain continue to when will the business. of compared due some that down we you energy As than lower operations. reduced asset the & benefit benefits and to earnings the fiscal back quarter, volumes offset from remind at of I that efforts for from lower and cost anticipate nature wind typically of AmeriGas to earnings Outside Midstream the in the this want to Marketing LPG business the These business XXXX marketing cadence, year.
insurance much our forecasted impact be are which to anticipate XX fiscal that by as But policy. expected XX% France. interest this our Repairs covered take to is are be to of year Lastly, we UGI out X be this XXXX point, will a up the expenditure the in facility damage terminals at The $X.XX to $X.XX. we And has capital want at the fiscal material, impact to supply of $X.XX. we in addressing $X.XX Norgal, point to to that in anticipate could as the months. that I ownership jetty to
more to year-end we continue our information to work through will provide We logistics plan, and supply and on our earnings call. modifications
UGI this issued the to align you that priorities with We several June, completed net make of million and notes shared activities contribution in financing year. balance portion facilities notably, Propane were in with the earlier convertible $XXX key The corporate proceeds we of senior Most which quarter, update. a UGI sheet X% the Turning the in to borrowings to under to XXXX. credit purposes. general used AmeriGas due cash for Corporation repay
we at sources million repurchased and using cash AmeriGas of Next, notes parental $XXX XXXX contribution $XXX liquidity. other senior the hand, of million in on
ratio was UGI's leverage our these X.Xx Xx. AmeriGas was to importantly, Most X.Xx leverage X.Xx. range QX within of With actions, target
approximately ratio. a the business. lending the to of AmeriGas the XXXX, absolute I sheet. asset-based line terminated senior and new debt Concurrent entered we and with reduced which X, of company's with the beginning covenant the financings have secured execution into revolver, million August debt-to-EBITDA $XXX on the revolver, credit million. am balance new prior has eliminated facility by support Lastly, execution the Since the on executed strengthening proud $XXX of incredibly fiscal important a AmeriGas it X-year of
cost create are we capital and balance sheet. within capacity We and discipline financial maintaining our as flexibility greater
And hand with to that, over I'll it Mario.
