Following disappointing production numbers in the previous quarters, Ciner Resources LP's (CINR) operating performance was under scrutiny. The Q4 earnings report showed record production volumes, and, with demand for soda ash remaining dynamic, Ciner's overall performance was robust.This MLP (note: Ciner issues a K-1 at tax time) easily covers its current distributions. With more capex planned for 2019, I don't expect distributions to go up in the short term, but the current 9% yield is nothing to sneeze at.
Q4 2018 earnings in a nutshell
Ciner's performance in Q4 2018 was strong across