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Sisecam Resources LP (NYSE: SIRE) has filed its annual report on Form 10-K for the year ended December 31, 2021, with the Securities and Exchange Commission. The report, which includes audited financial statements, is available for viewing or download at www.ciner.us.com. Sisecam Resources LP operates the trona ore mining and soda ash production business of Sisecam Wyoming LLC, a significant player in the global soda ash market, with over 50 years of operational history in Wyoming's Green River Basin.
Ciner Resources LP (NYSE: CINR) announced the sale of 60% of Sisecam Chemicals Resources LLC to Sisecam Chemicals USA Inc., a subsidiary of Turkiye Sise ve Cam Fabrikalari A.S. Following this transaction, the Partnership will rebrand to Sisecam Resources LP, effective February 18, 2022, with trading under the new ticker symbol SIRE starting March 1, 2022. Ciner Resources, a leading producer of natural soda ash, holds a 51% interest in Ciner Wyoming. Sisecam is a major player in global soda ash and chemicals, founded 86 years ago and operating in 14 countries.
Ciner Resources LP (NYSE:CINR) announced a quarterly distribution of
Ciner Enterprises Inc. has finalized the sale of 60% of Ciner Resources Corporation to Sisecam Chemicals USA Inc., a subsidiary of Turkiye Sise ve Cam Fabrikalari A.S. This transaction marks a significant change of control for Ciner Resources LP, which continues to operate publicly with its existing management. The sale does not affect publicly held units of Ciner Resources. The board of directors sees new appointments following the changes in ownership, while WE Soda retains its supportive role as a shareholder.
Ciner Enterprises Inc. has finalized an agreement to sell 60% of Ciner Resources Corporation (CRC) to Sisecam Chemicals USA Inc., a subsidiary of Turkiye Sise ve Cam Fabrikalari A.S. This sale involves a controlling interest in CRC, which holds a 72% limited partner interest in Ciner Resources LP (NYSE: CINR) and 2% general partner interest. If completed, this transaction will result in a change of control for Ciner Resources, impacting shareholders and governance.
Ciner Resources LP (NYSE: CINR) reported significant financial recovery in Q3 2021 with net sales of $135.6 million, up 38.1% year-over-year, and a net income of $15.4 million, reflecting a 185.2% increase. The partnership's soda ash volume produced surged by 56.3%, while adjusted EBITDA rose 65.1% to $24.1 million. Despite a decrease in cash flow from operations by 53.3%, distributable cash flow improved 115.8% to $8.2 million. Challenges remain with rising energy costs and global supply chain disruptions, impacting future costs and delivery.
Ciner Resources LP (NYSE: CINR) has announced a quarterly distribution of $0.340 for Q3 2021, payable on November 19, 2021, to unitholders of record on November 9, 2021. The Partnership operates the trona ore mining and soda ash production business of Ciner Wyoming LLC, a major global player in this industry, based in Wyoming's Green River Basin. The facility has been operational for over 50 years. The release includes forward-looking statements which carry inherent risks and uncertainties.
Ciner Resources LP (NYSE: CINR) is set to release its third quarter 2021 financial results after the market closes on Tuesday, November 2, 2021. The company operates the trona ore mining and soda ash production business, primarily through its facility located in the Green River Basin of Wyoming. As one of the largest and lowest-cost producers of natural soda ash globally, Ciner has been a significant player in this industry for over 50 years.
Ciner Resources LP (CINR) reported strong financial results for Q2 2021, with net sales of $120.7 million, a 58.4% increase year-over-year. Soda ash production and sales volumes rose significantly, by 45.0% and 52.5% respectively. Net income improved to $6.8 million, a 225.9% increase, resulting in earnings per unit of $0.15. Adjusted EBITDA surged to $16.3 million, up 482.1%. The partnership experienced operational challenges due to ongoing COVID-19 impacts, yet international demand continues to strengthen. Management remains cautious about future uncertainties due to new COVID variants.
Ciner Resources LP (NYSE: CINR) will announce its second quarter 2021 financial results on August 2, 2021, after market close. The company, a master limited partnership, focuses on trona ore mining and soda ash production through Ciner Wyoming LLC, a leading and cost-effective producer of soda ash globally. Located in Wyoming's Green River Basin, the facility has operated for over 50 years, serving a diverse international market.
