Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Brian Zarahn - Barclays Capital.
Brian Zarahn - Barclays Capital
Excluding the gain from the asset sale, what was the EBITDA and DCS in the quarter?
Curt Anastasio
You just back out the $29 million. What was the gain Mark?
Mark Meador
Same as the $18.8 million, so if you exclude it from EBITDA it was roughly $123.1 million for adjusted EBITDA and DCS was around $113 million.
Brian Zarahn - Barclays Capital
So the coverage ratio??
Curt Anastasio
Coverage ratio would have been $1.8 million.
Brian Zarahn - Barclays Capital
Can you give us an update on the conversations you’re having with S&P to remove the negative outlook?
Curt Anastasio
Well I haven’t spoken to them in a while. They did talk to me after the first quarter and said at that time they would at that time had decided to keep the negative outlook on, but would revisit it after our second quarter results and that’s about as much as I want to say on that. I don’t want to speak for them, but we’ll be following up with them pretty soon to see where they are.
Operator
Your next question comes from Ross Payne - Wells Fargo.
Ross Payne - Wells Fargo
First question is, where are you on building increased flexibility for your supplies for the asphalt business, relative to your plans when you first got into the asphalt side of the business?
Curt Anastasio
You’re talking about crude supply.
Ross Payne - Wells Fargo
Correct.
Curt Anastasio
We’re doing this in small steps, because we don’t perceive any risk to our crude supply. So, there’s no point in us going high hogged into a capital investment program to run alternative crews when we don’t need to, but we’ve done something already.
We put in a crude oil blending system at one of the plants, which enables us to run an Ecuadorian feedstock earlier in the year. We have several million more of capital going in this year that will increase our crude flexibility. So, we’re doing it in small steps overtime, increasing our flexibility overtime. Rick, do you want to add anything to that?
Rick Bluntzer
The only thing that I would add is that all of our capital projects that we are reviewing on the refining side also include our ability to expand and take advantage of crude flex going forward.
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