May 5, 2017 / 9:17 PM / 3 months ago

BRIEF-OCI partners' Q1 revenue rises 33 pct to $93 mln

1 Min Read

May 5 (Reuters) - OCI Partners Lp

* OCI Partners LP reports 2017 first quarter results and announces $0.23 quarterly cash distribution

* Q1 revenue rose 33 percent to $93 million

* qtrly net income increased to $14 million compared to a net loss of $6 million for same period in 2016

* On April 27, both methanol and ammonia plants tripped and upon restart a leak was discovered in one of waste heat boilers

* Ammonia plant was restarted on May 2, but methanol plant is still down for repairs

* OCI Partners Lp - partnership estimates total down time for methanol plant repairs will last approximately 16 days from unplanned shutdown on April 27

* OCI Partners LP - during improvements to methanol plant, ammonia plant will only be able to run at up to 70% of nameplate capacity Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below