everyone, and in. to listening thanks for Good morning
our internal offshore downtime of especially market leading of actually with negatively which affected from experienced since customer by we unplanned to the some our businesses perform continue quarter, line in million. several the expectations quarter ahead in or Our locations, fourth $XX
generated approximately initial EBITDA XX% $XXX we in or you we For range, up up the XXXX. of million over non-recurring which our year, $XX initial our income the of was if million, recognized full even over adjusted exclude XXXX guidance approximately range XX%
Importantly, saw leverage as secured leverage approaching ratio reduction of our fast long-term from quarter in is we to our once Xx. targeted down calculated XXXX quarter ratio in our XX again than X.XXx, our and a end less lenders which senior third by months of X.XXx ratio leverage
generate the continue our XXXX, macro largest We business as business backdrop seen across them. this for provides our coming the flow we the positive continue our have foundation to ahead in amounts and fundamentals of look ever our conditions believe years. and we -- segments cash balance everyone increasing to operations to in improve As for to deliver us value be sheet, structure capital as from free
we will infill for see of expect expectations. on keys, a from both to midstream last came sprints, levels and are provider, production which worth to benefit in new activity year's and to from tiebacks exceed which we the year We and volumes deepwater existing Gulf Mexico, wells pre-drill development continue including and of facilities key the of subsea exclusive full steady both
the We year. currently scheduled Argos, also see start told expect to to this volumes is middle from of are we in finally which new up
on price throughout remained of constructive we tight market which move we finalized our a uncontracted the fourth for XXXX, us the as increasingly negotiations soda with in volumes majority vast quarter when ash XXXX. the The backdrop provided
contracted approximately on ash XX% we of anticipated that products, and the the prices, average for in our realized in these can tons from mentioned incremental we for weighted will XXX,XXX the realized price average to we have received XXX,XXX we expected soda XXXX. we including pricing related XXXX sales the weighted Based expect additional on price release, agreed As our report Granger XXXX. exceed of now contractually volumes in
of full also vessels, Transportation which utilization spot not expect rates seen levels a sight, as our and Marine we to of Jones again and seeing $XXX increasingly us and Based day million. Act to $XXX XXXX. the since line XXXX all generate opportunity XXXX factors our and practical our classes on In EBITDA for contract of for charters for now is matter the clear drive raising are our guidance segment, in these are we affording to range to million
there activity, and with continue biased of stakeholders. account recession fact, the were into EBITDA come performance path the green to even top headwinds range part our milder build it be not we offset or tailwinds a opportunities all such of clear a takes financial unfold a move as of reduction on transition financial effects believe value fact, or extent the financial a upside year. the results to we the range. if Prudently, could, in long-term end our does To to potential either to is adjusted or increasing the from the potential fruition recession negative modeled Genesis to positions guidance global in worldwide the anticipated in and this to industrial This scenario our from significant all for flexibility through
expect with Xx. to below ratio leverage exit a or also Importantly, at we XXXX
Given and to revolving markets the new and mid-January, our net senior with accessed this the due $XXX proceeds repay recently credit notes constructive backdrop, XXXX, In opportunistically priced unsecured revolving due notes eliminate our took XXXX, unsecured successfully X.XXX% remainder to redeem facility. our notes of expand maturity of an our capital we extend used borrowings credit outstanding being to under we and opportunity offering X.XXX% nearest full in million the senior the the from unsecured facility. using
commitments at across group lenders. expanded purchase new general capital $XXX facility permitted both be just XX, that much successfully extension the our structure, facility us increased fact, point week, in which from any of a securities value will our relationship bought we to February will to and private and and credit Genesis. syndicated investment on continued or have use million an new value of banks high very at our perceived and and on We we very revolving are our bank credit closed the flexibility Then last public in capital. baskets, upsizing and, give mispriced existing existing with and of with increased Notably, existing our of given appreciative their support potentially
free have our we operations, And line amounts and clear positioned are these now with flow we with XXXX. no Importantly, project ample maturities combined of remaining to steps, of complete cash with well the from long-term Gulf of believe in when our to until increasing of late we debt of half Mexico liquidity flexibility Granger financial second the the SYNC XXXX comfortably associated as complete of Soda as well the lateral and projects the ash in with expansion XXXX. construction our CHOPS in spend expansion sight
harvest flow at we return begin the below another, looking structure with our incremental common along our capital performance even cash holders equity As projects, these ratio the to believe very of simplifying strong or form start to growth all then bond Xx. a our or leverage good and perhaps at base one continued capital ways to from to we're maintaining we shape start in while in businesses, and
business touch segments. Now our on individual briefly I'll
transportation in-line in our offshore mentioned our our we earnings As performed with expectations. pipeline release,
the barrels quarter, currently And oil the ahead development Khaleesi, X saw at equivalent Oil's of producing Mormont nameplate Quay we expectations. public is Murphy XXX,XXX wells During volumes perform Quay Samurai, continued to Murphy's approximately of King's XX% is latest from to and day higher pre-drill original the which than King's capacity. its approximately per from according disclosure, original
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to Murphy levels maintain has they expect roughly X additional current any publicly production field Importantly, Quay for these years King's development. without at stated
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initial and different OpEx just each at required. access oil X have and production Mind field they Furthermore, you of of XX-plus this forecast the and the Quay is connected to be platform years of uphole XXXX. of Samurai and recompletion life to that through a million near current production along CapEx at zones with additional opportunities pervert estimated King's fields an our alone could through useful out say XXX future runs ways minimis barrels recoverable that
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Our continues to for Genesis. legacy business contributor Refinery a be Services steady
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demand and current copper pound. The prices, expected is a about for current which further $X are evidenced by copper
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to great XXXX and demonstrated financial has and including in business consistency earnings crisis multiple with the COVID of This XXXX. XXXX XXXX been cycles, demand associated the destruction through
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its performed it than repeatable I must better has and outlook a most and cycles, "traditional performance something other multiple midstream is historical as admire businesses". believe think longer-term one has across I it
vessel XXX% continues years conditions driven reduction X current segment support activity classes or vessels. Transportation utilization the Marine been by construction market expectations dynamic retirement the the our last has older to The all to tonnage. market for and levels our of necessary significant and as continue in demand large exceed of over Our marine fundamentals part at near in
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prospects continue can free Xx on and are than ahead our from We operations managing and believe ratio Genesis finalize deliver focus projects to hope lies cash level the to flexibility our to calculated simplify excited leverage are on to for strategy and our value future everyone while about below a or financial you of of I flow, harvest amounts continue plan increasing very to our of what to to tell, at better As flow we we begin the ever. underlying our will we execute for free and to clearly and our ways realize taking, then capital there as in the look and the high-return utilizing amounts growth spend structure. increasing cash at increasing the fundamentals
operations. Board The of remain Genesis commitment steadfast in our our moving forward. am commitment workforce I and decisions like Directors management proud of associated you. the team recognize reflect to for entire all commitment would efforts responsible our again we of to are and one in to confidence stakeholders. to making each their building long-term be extremely safe every with this for once value believe and we and unwavering our and And I
turn With questions. moderator back that, I'll it for to the
