Three Months Ended September 30,
Cost of products sold
Unrealized losses on commodity risk management activities
Operating expenses, excluding non-cash compensation expense
Selling, general and administrative expenses, excluding non-cash compensation expense
Adjusted EBITDA attributable to discontinued operations
Adjusted EBITDA related to unconsolidated affiliates
Segment Adjusted EBITDA
Distributions from unconsolidated affiliates
Amounts reflected above primarily include:
our investment in AmeriGas;
our natural gas compression operations;
an approximate 30% non-operating interest in PES, a refining joint venture, effective upon our acquisition of Sunoco on October 5, 2012; and,
our investment in Regency related to the Regency common and Class F units received by Southern Union in exchange for the contribution of its interest in Southern Union Gathering Company, LLC to Regency on April 30, 2013.
Adjusted EBITDA attributable to discontinued operations reflected the results of Southern Union's local distribution operations.
Adjusted EBITDA related to unconsolidated affiliates reflected the results from our investments in AmeriGas, PES and Regency beginning in January 2012, October 2012, and April 2013, respectively. Additional information related to unconsolidated affiliates is provided below in “Supplemental Information on Unconsolidated Affiliates.”
The increase in distributions from unconsolidated affiliates was primarily due to cash distributions from our ownership in Regency and PES of $14 million and $40 million, respectively, during the third quarter of 2013.