Company Information

  

Address: P. O. BOX 1647  
City: NEDERLAND 
State: TX 
Zip Code: 77627 
Telephone: 409-723-1900 

Description of Business

Primary SIC Code: 2800
(As filed with the SEC)  

We are a Delaware limited partnership formed in February 2013 whose focus is on the production, marketing and distribution of methanol and anhydrous ammonia. Our production facility is strategically located on the U.S. Gulf Coast near Beaumont, Texas and commenced full operations during August 2012. Our facility has pipeline connections to adjacent customers, port access with dedicated methanol and ammonia import/export jetties, allowing us to ship both products along the Gulf Coast, and truck loading facilities for both methanol and ammonia. We are currently one of the larger merchant methanol producers in the United States, with an annual methanol production design capacity of approximately 912,500 metric tons and an annual ammonia production design capacity of approximately 331,000 metric tons. Both methanol and ammonia are global commodities that are essential building blocks for numerous end-use products.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20180.470.27019.47
12/20170.280.08028.75
09/2017-0.060.120N/E
06/2017-0.190.230N/E
03/2017-0.35NAN/E
12/2016-0.58NAN/E
09/2016-0.21NAN/E
06/20160.190.06039.74

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.17Total Liab/Total Assets0.78
Net Inc/Total Assets0.04Total Liab/Inv Cap0.89
Net Inc/Inv Cap0.05Total Liab/Comm Equity-3.45
Pretax Inc/Net Sales0.07Interest Coverage Ratio1.63
Net Inc/Net Sales0.07Curr Debt/EquityNA
Cash Flow/Net Sales0.21LTD/EquityNA
SG&A/NetSales0.05Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover10.94Quick Ratio1.03
Inventory Turnover29.28Current Ratio1.14
Inventory Day Sales0.09Net Rec/Curr Assets0.60
Net Sales/Work Cap44.32Inv/Curr Assets0.09
Net Sales/PP&E0.62  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 117.35 98.12 78.35 73.97
Cost of Goods Sold 53.66 54.28 49.60 46.70
Selling & Admin Exps 5.10 3.67 3.67 3.39
Operating Income 43.36 24.92 9.81 8.60
Interest Exp 9.36 10.14 10.05 9.94
Pretax Income 30.50 12.90 -0.42 -1.33
Other Income -3.50 -1.88 -0.18 0.00
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 30.15 12.68 -0.52 -1.43

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 48.59 16.28 4.75 7.38
Receivables - Total 45.00 38.72 29.46 25.46
Inventories - Total 2.52 6.04 11.59 12.75
Total Current Assets 100.94 64.96 49.90 46.78
Net Property, Plant & Equipment 543.34 558.21 574.88 590.07
Total Assets 645.74 624.10 625.78 637.91
Liabilities        
Accounts Payable 44.74 32.95 29.87 36.77
Debt in Current Liabilities 5.97 23.11 32.21 26.02
Total Current Liabilities 52.72 57.21 64.12 64.79
Long-Term Debt 442.92 423.43 424.00 424.57
Total Liabilities 498.76 483.78 491.18 492.35
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock NA NA NA NA
Retained Earnings NA NA NA NA
Treasury Stock NA NA NA NA
Total Stockholders' Equity NA NA NA NA
Total Liabilities and Stockholders' Equity NA NA NA NA

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 43.17 28.98 4.08 23.69
Net Cash Provided by Investing Activities -0.51 -0.33 -0.13 -0.27
Net Cash Provided by Financing Activities -10.34 -17.12 -6.58 -33.21

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013427.96154.350.59
12/2014402.78119.451.48
12/2015309.4452.020.61
12/2016258.23-50.55-0.58
12/2017343.3224.480.28
Growth Rates-5.36----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/18227,2278.31




Report Date : 6/11/2018

Powered By Edgar Online © 2018EDGAR®Online, a division of Donnelley Financial Solutions. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.