Green Plains mates LP( NASDAQGPP) moment blazoned fiscal and operating results for the alternate quarter of 2023. Net income attributable to the cooperation was$9.3 million, or$0.39 per common unit, for the alternate quarter of 2023, compared with net income of$10.5 million, or$0.44 per common unit, for the same period in 2022.
The cooperation also reported acclimated EBITDA of$12.7 million and distributable cash inflow of$10.7 million for the alternate quarter of 2023, compared with acclimated EBITDA of$12.9 million and distributable cash inflow of$11.3 million for the same period in 2022. Distribution content was0.99 x for the three months ended June 30, 2023.
Alternate Quarter Highlights and Recent Developments
On July 20, 2023, the board of directors of the cooperation’s general mate declared a daily cash distribution of$0.455 per unit, or roughly$10.8 million, for the alternate quarter of 2023. The distribution is outstanding on August 11, 2023, to unitholders of record at the close of business on August 4, 2023.
Results of Operations
Consolidated earnings for the three months ended June 30, 2023 increased by$0.9 million compared with the same period for 2022 primarily due to an increase in transportation service freights charged as a result of upgrading our leased railcar line to misbehave with government regulations and advanced railcar volumetric capacity. Operations and conservation charges increased by$0.9 million for the three months ended June 30, 2023, compared with the same period for 2022, primarily due to advanced railcar parcel expenditure as a result of upgrading our leased railcar line. General and executive charges increased$0.7 million for the three months ended June 30, 2023 compared with the same period for 2022 primarily due to sale costs related to the offer from our parent to acquire all outstanding units of the cooperation.
During the alternate quarter of 2023, Green PlainsInc.’s average product application rate was roughly81.5 of capacity. Ethanol outturn was196.1 million gallons, which was below the contracted minimum volume commitment. As a result, the Partnership charged Green Plains Trade$1.2 million related to the minimal volume commitment insufficiency for the quarter, performing in a credit to be applied against redundant volumes in unborn ages. The accretive balance of minimal volume insufficiency credits available to Green Plains Trade as of June 30, 2023 was$1.7million.However,$ 0, If these credits are unused by Green Plains Trade.5 million will expire on March 31, 2024 and$1.2 million will expire on June 30, 2024. These credits have been honored in profit by the cooperation, and as similar, unborn volumes outturn by Green Plains Trade in excess of the daily minimum volume commitment, up to the quantum of these credits, won’t be honored in profit in period
