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OCI Partners LP Reports 2015 Fourth Quarter Earnings and Announces $0.32 Quarterly Cash Distribution
NEDERLAND, Texas, March 17, 2016 /PRNewswire/ -- OCI Partners LP, a Delaware limited partnership (the "Partnership"), announced its results for the three and twelve months ended December 31, 2015. The Partnership owns and operates an integrated methanol and ammonia production facility that is strategically located on the Texas Gulf Coast near Beaumont
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OCI Partners LP.
Summary of Financial Results for the Three Months Ended December 31, 2015
Revenues decreased 11% to $88 million compared to $99 million for the same period in 2014
EBITDA decreased 7% to $38 million compared to $41 million for the same period in 2014
Net income decreased 52% to $15 million compared to $31 million for the same period in 2014
EBITDA and net income margins were 43% and 17%, respectively, compared to 41% and 31%, respectively, during the same period in 2014
