Exhibit 99.1
CINER RESOURCES LP

CINER RESOURCES LP ANNOUNCES FOURTH QUARTER AND YEAR ENDED 2018 FINANCIAL RESULTS

Atlanta, Georgia February 14, 2019 -- Ciner Resources LP (NYSE: CINR) today reported its financial and operating results for the fourth quarter and year ended December 31, 2018.
Fourth Quarter and Year Ended 2018 Financial Highlights:
Net sales of $132.2 million increased 2.9% over the prior-year fourth quarter; year-to-date net sales of $486.7 million decreased 2.1% over the prior-year.
Net income of $28.6 million increased 5.1% over the prior-year fourth quarter; year-to-date net income of $103.0 million, including a $27.5 million litigation settlement gain, increased 19.2% over the prior-year.
Adjusted EBITDA of $37.0 million increased 6.0% over the prior-year fourth quarter; year-to-date Adjusted EBITDA of $136.5 million, including a $27.5 million litigation settlement gain, increased 13.7% over the prior-year.
Basic and diluted earnings per unit of $0.70 for the quarter increased 4.5% and 6.1% over the prior-year fourth quarter of $0.67 and $0.66; full year basic and diluted earnings per unit of $2.48, including a $27.5 million litigation settlement, increased 19.2% and 19.8% over the prior-year.
Quarterly distribution declared per unit of $0.567 remained flat compared to each of the prior-year quarter.
Net cash provided by operating activities for the quarter of $30.8 million decreased 9.7% over prior-year fourth quarter; year-to-date net cash provided by operating activities of $162.2 million increased by 104.5% over the prior-year.
Distributable cash flow for the quarter of $13.9 million was down 4.8% compared to the prior-year fourth quarter, full year distributable cash flow of $58.4 million was up 12.3% over the prior year. The distribution coverage ratio was 1.22: 1.00 and 1.28: 1.00 for the three months ended December 31, 2018 and 2017, respectively; and 1.28: 1.00 and 1.14: 1.00 for the twelve months ended December 31, 2018 and 2017.

Kirk Milling, CEO, commented: “Coming off two difficult quarters where we experienced lower ore grade and an unplanned extended outage, I’m proud our team persevered and finished the year on a high note.  We set a new quarterly record of 709k tons produced. This represents a 2.5% improvement in overall production compared to Q4 2017 primarily driven by better ore quality and improving equipment reliability.  Although we experienced better than expected international pricing, increasing maintenance capital expenditure costs caused a 4.8% decline in DCF compared to last year.”
 
“As we look ahead to 2019, we are increasing our maintenance capital to $25 million for the year.  While this will have some near term impact on our DCF, our goal is to improve the reliability and sustainability of our production volumes which ultimately drives more consistency in our DCF. Higher trending production volumes coupled with improving global pricing leads us to anticipate continued improvement in our operating performance for the year.”


2019 Outlook:

We expect our total volume sold to increase 2% to 4%.
We expect domestic volume to decrease by 140,000 to 160,000 short tons.
We expect domestic pricing to be up 5% to 7%.
We expect international prices to be up 2% to 4%.
Maintenance of business capital expenditures are planned to be in the range of $23 to $27 million.
Expansion capital expenditures are planned to be in the range of $35 to $40 million.


1

The following information was filed by Ciner Resources Lp (CINR) on Thursday, February 14, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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