Ciner Resources LP (CINR) Tops Q2 EPS by 29c

Ciner Resources LP (NYSE: CINR) reported Q2 EPS of $0.83, $0.29 better than the analyst estimate of $0.54. Revenue for the quarter came in at $109.9 million versus the consensus estimate of $123.66 million.

GUIDANCE:

• We expect our total volume sold to be down 1% to 3% compared to the previous estimate of flat to up 2%.
• We expect domestic volume to increase by 125,000 to 150,000 short tons.
• We expect domestic pricing to be down 1% to 3%.
• We expect international prices to be up 2% to 4% compared to the previous estimate of up 1% to 3%.**
• Maintenance of business capital expenditures are planned to be in the range of $15 to $17 million compared to the previous estimate of $13 to $15 million.
• Expansion capital expenditures are planned to be in the range of $55 to $65 million.

For earnings history and earnings-related data on Ciner Resources LP (CINR) click here.

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