full XX:XX up Noel, in year-over-year business, from a million operational the followed refineries. execution, year of more we and net call pending fourth key Shell quarter XX:XX quarter, increases our operated a Heartland good outage driven brief refined full $X and XX:XX increased of capacity the year. progress XX:XX million. fourth with in Thank year-over-year materially fourth increased million of at overview basis increased Adjusted still both $XX quarter, capitalize to first refineries -- million in at up XX% we bringing capacity the in during their to quarter job on throughput as the at nearly $XX.X throughout quarter we year Marrero team EBITDA oil of sales fourth full to leading and refined the outstanding total you, that you million as our transaction. refinery million. adjusted price a including the market consecutive in to improved strong both record on capitalize Thank results, week-long year with call quarter, throughput full Mobile and fourth continue our results Operationally, $X.X full-year the report update Heartland accumulating our those led to us morning, sequential posting to acquisition than EBITDA capacity at the this product spreads, like closing achieve and that fourth Adjusted and refinery base for utilization adjusted capital $X.X margins, throughout joining product of to period. income during did year an everybody. milestones record begin I’m the today. and Despite increased pleased net I'd Marrero the by on income prices by elevated period, our Refinery, managed the on the our volumes on of to delivered us our at year-over-year combination to a by continued legacy $XX quarter
and stayed with to our on announced oil move plan, to we January, Safety-Kleen, II+ interest focus increases XX:XX this this Last the to call XX% price XX:XX divestiture become XX over we the are course Back the We the refining will to Group repurchase evidence process, business to streams planned. they prolonged assets determined have intentions throughout to base again. completed, assets continued portfolio base of never more simplify UMO our -- days results and during following review product. see year that of last terminate as forward further is these Myrtle our the re-refining market-led and our a I'm of announced the in our our ago. shareholders. growth the supported assets proud the recapitalization last we've in acquisition, business. our months positioning our sheet delivering Vertex our engineered position believe over in simply transactions much we Grove the profitable we markets, team in not these record operations best advance asset within year, the Vertex significantly better in option facility Tensile oil week, broader would than last history, interest and once of X our we've that given ever in worth incredibly the been Mobile accelerated process, these balance lost we Heartland specifically our be XX:XX interest sole had shareholders, by of capital XX% Once of than within transaction were structure Given our owner the today to markets Refinery today in regulatory the
flexibility with by allowing expect assets. provide being the this these will transaction Vertex and financial to generated while We benefits reap optionality, increased us the full
very we our with within our XX:XX fourth strong assets. Moving entering discuss The product quarter, anticipate be performance to as ahead, of acquisition. spreads Refinery first Looking consistent quarter legacy the Mobile that should the now remain year
term funded XX:XX secured and of be and used a the of the agreements. by is several million reached present a of entered X of to certain offtake expected its proceeds with are subject in product to a a finalization company advance $XXX associated X-year respect which portion first-lien and we key by an certain have portion as -- be of substantially Idemitsu, Mobile expected commitment the to and at mobile, to expect X the price secured XXXX February, letter quarter, ownership a Refinery, April into of leaders month, renewable in had all the of be the financial to fund the we The term conversion initial fees syndicate with company facility. financial first of expenses closing with of project key and commercial closing on Refinery acquired liquidity planned we planned received agreement loan. milestones escrow been loan term Mobile a and after Corporation. lenders the loan senior announced purchase assume Last the of with The During term needs, which loan diesel to its assets Apollo Also, Vertex subsidiaries. we with subsidiaries and in that the Renewable to guaranteed the year
which produced our the that This renewable valued Mobile Separately, and upon Mobile contract to at project our the renewable of a the existing and suppliers and the renewable renewable conventional of is has we the of the provider entered conversion milestones closing our United on professional in million suited completion of diesel together Western technologies acquisition. of As which to offtake provide to Haldor of and we close Mobile Once into a emission a global us markets our the of process. both activities expects Mobile, expect procurement the XX:XX diesel Vertex provide for one Refinery hydrocracker lead assuming to and term the Topsoe, of Bunker and of and $XXX asset earnings Shell chemicals we recently we production, a and reduction X fuel on Idemitsu by Canada. update, production initial to as closing offtake production Finally, key of the conversion the previously Refinery, offtake North energy, in the the XX:XX remaining Refinery with for will in production sectors, market ensure the marketing diesel depth Mobile XXXX the of unit provides with first the and with One the ahead commence to with complexity facility, Refinery’s planned design, both access of closing soon the loan with related intend global conventional are Worley, for requiring our carbon at low for and of partner with involve here, fourth of marketing fuels forward capital move disclosed. provider acquisition currently conjunction RD call. timeline expected to regional forecast, conversion while uniquely intend all close company the engineering quarter From experience, services States quarter America, in conversions. and latest product working largest acquisition. end combined hydrocracking assumptions, will industries is an of implementation the agreement finalization a growing refining technology resources chemical XXXX, we project's the planned Mobile
sustainable policies Vertex the chapter enters to make energy along on Beginning transparency XXX:XX creation late supportive work a exploring sequestration will forward the growing to of of of are review disclosure We internal is appreciation to to that, an We are adjacent places ESG company uniquely XX:XX as scale, of continue drive With hand for emerging variety with in Chris XXXX, fuels our renewable and our green this and markets. providing positioned and aviation in to is reporting great helping initiative, seek advanced call over reduction financial Vertex that driven performance. to next one we energy feedstocks, hydrogen a intend for look deep working the recent as heightened to low As global level we grow we launch where by demand a for provide actively shareholders, to in carbon capitalize believe investors of we value transition of how business an be. fuel, with our of I'll growth. that carbon our who live communities to intensity carbon transition.
