unrealized the morning, for first To quarter I of of gain compared our and quarter hedges $X.X first adjustments with the Thanks mark-to-market results prior to gain the good consistent our and in excluding commodity million be everyone. of year. on impact unrealized discuss Mike as million which resulted $X.X previous unrealized reporting in
million year. income per $XX was in unit for net quarter non-cash equity the EBITDA $XX.X Fuels. as year. $X.X quarter million or prior which common Oberon as prior was items common per compared income unit $X.XX first in to the XX% or Net first these than earnings Excluding Adjusted of unconsolidated of the was lower an was $XX.X million for well million affiliate the
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$X.XX have margins quarter the first or propane $XXX decline propane million is Total along the propane XX% prices sold. continued X.X% continued to quarter the from XXX% prior gallon factors per lower increase to primarily period with of other the last from due inventory the decreased $X.XX [indiscernible] in $XX.X first week for to wholesale of volume end propane year. the range compared and nascent the the rice. This comparable to Given about year of gross million in
With were expenses, prior challenges higher Excluding and than to the of propane of mark-to-market despite expenses operating the and earlier landscape. competitive I price year respect adjustments impact compared margins operating and slightly variable commodity to unit million the efforts benefit combined million various cost and the containment to quarter rising prior $XXX.X the $XX primarily environment for from the G&A expenses. compensation related from payroll lower or lower variable related cost X% savings due lower the first cost, volume mentioned including decreased year
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With million our that growth capital help seasonal our last X.XX the At balance of facility strategic investments period XXXX XX-month than Mike was said, borrow credit initiatives our leverage the typically times. of higher December warmer working seasonal fund the trailing impact in sheet, the well borrowings ratio where our to for to of within opening approximately We portion for to the X.XX end our lower business. a his which to first of prior funding. covenant the normal working as quarter total $XX mentioned yet quarter on our under as despite the requirement was well requirements of ended acquisition first the due Turning as quarter earnings, remarks the given first our revolving our times within of than slightly our debt during was December capital debt consolidated quarter, nature our weather we including and acquisition that and fund year. needs year
the will leverage debt typical towards operating heating improving threshold target investing continued of timeframe begin profile balanced February in focus flows four peak with continue way of combined with to we improved reductions to borrowings and our end March on with revolver on cash earnings late our see our metrics times. toward cash strategic With needs expect below from the activities. overall which capital reducing flow excess or working investments a early after season Our outstanding
growth more We capital support have our our to well to for than capacity under as revolver Back season working strategic as remaining needs the to you fund our initiatives. ample borrowing heating Mike.
