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.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
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
03/20160.530.32014.26
12/20150.610.41011.69

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.33Total Liab/Total Assets0.77
Net Inc/Total Assets-0.08Total Liab/Inv Cap0.95
Net Inc/Inv Cap-0.09Total Liab/Comm Equity-3.33
Pretax Inc/Net Sales-0.19Interest Coverage Ratio-0.06
Net Inc/Net Sales-0.20Curr Debt/EquityNA
Cash Flow/Net Sales0.12LTD/EquityNA
SG&A/NetSales0.08Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover8.93Quick Ratio0.42
Inventory Turnover26.50Current Ratio0.52
Inventory Day Sales0.07Net Rec/Curr Assets0.57
Net Sales/Work Cap-6.49Inv/Curr Assets0.18
Net Sales/PP&E0.42  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 78.35 73.97 92.89 65.93
Cost of Goods Sold 49.60 46.70 48.27 46.23
Selling & Admin Exps 3.67 3.39 5.07 3.67
Operating Income 9.81 8.60 24.31 0.74
Interest Exp 10.05 9.94 10.08 17.76
Pretax Income -0.42 -1.33 14.21 -17.14
Other Income -0.18 0.00 -0.02 -0.12
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -0.52 -1.43 13.74 -17.35

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 4.75 7.38 17.18 8.08
Receivables - Total 29.46 25.46 33.74 24.02
Inventories - Total 11.59 12.75 8.54 7.54
Total Current Assets 49.90 46.78 61.52 42.35
Net Property, Plant & Equipment 574.88 590.07 605.22 620.21
Total Assets 625.78 637.91 667.92 663.74
Liabilities        
Accounts Payable 29.87 36.77 31.80 38.11
Debt in Current Liabilities 32.21 26.02 37.79 42.10
Total Current Liabilities 64.12 64.79 72.86 82.15
Long-Term Debt 424.00 424.57 425.15 425.75
Total Liabilities 491.18 492.35 500.93 510.49
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 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 4.08 23.69 14.83 1.02
Net Cash Provided by Investing Activities -0.13 -0.27 -1.37 -2.16
Net Cash Provided by Financing Activities -6.58 -33.21 -4.37 -1.98

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012224.6351.83--
12/2013427.96154.350.59
12/2014402.78119.451.48
12/2015309.4452.020.61
12/2016258.23-50.55-0.58
Growth Rates3.55----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/172113,08415.04




Report Date : 12/4/2017

Powered By Edgar Online © 2017EDGAR®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.