Sisecam Resources Lp Stock Price, News & Analysis

Sisecam Resources LP (NYSE: SIRE) reported second quarter 2022 net sales of $189.1 million, a 56.7% increase year-over-year, driven by a 45.7% rise in average sales prices and a 7.5% increase in sales volume. Net income surged to $31.2 million, up 358.8% from last year. Adjusted EBITDA rose 146.0% to $40.1 million. Despite strong performance, the company faces supply chain challenges and inflationary pressures impacting operating costs. Year-to-date, net cash provided by operations increased by 76.1% to $32.4 million.

On July 6, 2022, Sisecam Chemicals Resources LLC (SCR) proposed to acquire all outstanding common units of Sisecam Resources LP (NYSE:SIRE) for $17.90 each, based on the 30-day volume weighted average as of July 5, 2022. The proposal requires approval from SCR's conflicts committee and a majority of current common unit holders. There are no guarantees for the completion of this transaction, as various contingencies, including due diligence, must be fulfilled.

Sisecam Resources LP (SIRE) reported strong financial results for Q1 2022, with net sales of $163.4 million, a 27.9% increase from the previous year. The rise was driven by an 89.1% increase in international sales prices, despite an 11.1% drop in total sales volume. Net income surged to $31.8 million, up 467.9% year-over-year, while adjusted EBITDA rose to $39.4 million, marking a 151.0% increase. The company generated $7.7 million in operating cash flow, reflecting a 220.3% increase from Q1 2021.

Sisecam Resources LP (NYSE: SIRE) announced a quarterly distribution of $0.50 for Q1 2022. This distribution is payable on May 18, 2022, to unitholders of record as of May 10, 2022. The Partnership operates in the trona ore mining and soda ash production sector, primarily in the Green River Basin, Wyoming, where it has been a significant player for over 50 years. The announcement emphasizes that all distributions to foreign investors will be subject to federal income tax withholding.

Sisecam Resources LP (NYSE: SIRE) is set to announce its first quarter 2022 financial results after market closure on May 2, 2022. The company operates in the trona ore mining and soda ash production sector through Sisecam Wyoming LLC, recognized as one of the largest and lowest-cost producers of natural soda ash globally. Its facility in the Green River Basin of Wyoming has a long operational history, exceeding 50 years, indicating stability and experience in the industry.

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.

Sisecam Resources LP (NYSE: SIRE) reported strong financial results for Q4 and full year 2021, with net sales increasing 50.9% to $156 million in Q4 and 37.7% to $540.1 million for the year. Net income rose 85.8% to $23.6 million in Q4 and 91.1% to $51.4 million for the year. Adjusted EBITDA also saw significant gains, reaching $32.4 million (up 48.6%) for Q4 and $88.5 million (up 43.7%) for the year. The company attributed these results to a recovery in soda ash sales volumes and pricing, returning to pre-COVID levels. A quarterly distribution of $0.65 was declared, the highest on record.

Sisecam Resources LP (NYSE: SIRE) is set to release its fourth quarter and year-end 2021 financial results on Monday, March 14, 2022, before market opening. The company, a master limited partnership, specializes in trona ore mining and soda ash production through Sisecam Wyoming LLC, one of the leading and cost-effective natural soda ash producers globally. Its facility has been operational for over 50 years in the Green River Basin of Wyoming.