Ciner Resources LP (CINR) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Ciner Resources LP (CINR) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.52 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.56. The company posted revenue of $116.70 million in the period, compared to analysts expectations of $117.27 million. The company’s revenue was down -4.9% compared to the same quarter last year.

Ciner Resources LP formerly OCI Resources LP (OCIR) owns a controlling 51.0% membership interest and operates the trona ore mining and soda ash production business of OCI Wyoming LLC (OCI Wyoming). OCI Wyoming is a producer of soda ash serving a global market from the Company’s facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash a raw material in flat glass container glass detergents chemicals paper and other consumer and industrial products. As at December 31 2014 the Company’s Green River Basin surface operations were situated on approximately 880 acres in Wyoming and its mining operations consisted of approximately 23500 acres of leased and licensed subsurface mining area. The Company primarily sells soda ash to American Natural Soda Ash Corporation (ANSAC).

Ciner Resources LP

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