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458 648.75 m 562 648.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 648.75 m 562 648.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 425.75 m 562 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 412.75 m 562 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 412.75 m 562 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 373.75 m 562 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 360.75 m 562 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 308.75 m 562 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 308.75 m 562 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 295.75 m 562 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 295.75 m 562 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 269.75 m 562 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 269.75 m 562 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 255.75 m 562 255.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 253.75 m 562 253.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.50 663.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 480.99 663.43 Td (ee Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.90 653.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 495.60 653.43 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 639.32 Td (Cash flows from operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 626.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 626.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 626.32 Td (5,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 613.32 Td (Adjustments to reconcile net income to net cash provided by operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 598.32 Td (Depreciation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 598.32 Td (15,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 585.32 Td (Amortization of debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 585.32 Td (298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 572.32 Td (Deferred income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 572.37 Td (\(18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 572.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 559.32 Td (Non-cash gain on natural gas derivatives, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 559.37 Td (\(485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 559.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 546.32 Td (Decrease \(increase\) in:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 533.32 Td (Accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 533.32 Td (15,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 520.32 Td (Accounts receivablerelated party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 520.37 Td (\(6,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 520.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 507.32 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 507.37 Td (\(3,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 507.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 494.32 Td (Advances due from related parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 494.32 Td (12,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 481.32 Td (Other non-current assets, other current assets and prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 481.32 Td (770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 468.32 Td (Increase \(decrease\) in:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 455.32 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 455.37 Td (\(6,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 455.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 442.32 Td (Accounts payablerelated party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 442.32 Td (10,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 429.32 Td (Other payables, accruals, and current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 429.37 Td (\(15,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 429.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 416.32 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 416.32 Td (29,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 403.32 Td (Cash flows from investing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 390.32 Td (Purchase of property) Tj ET Q q 0 0 0 rg BT 147.98 390.32 Td (, plant, and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 390.37 Td (\(3,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 390.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 377.32 Td (Loans to af) Tj ET Q q 0 0 0 rg BT 109.90 377.32 Td (filiates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 377.32 Td (10,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 364.32 Td (Net cash provided by investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 364.32 Td (6,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 351.32 Td (Cash flows from financing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 338.32 Td (Repayment of term loan facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 338.37 Td (\(1,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 338.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 325.32 Td (Securitization collections) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 325.32 Td (5,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 312.32 Td (Distributions to Unitholders related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 312.37 Td (\(42,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 312.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 299.32 Td (Net cash used in financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 299.37 Td (\(37,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 299.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 286.32 Td (Net decrease in cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 286.37 Td (\(1,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 286.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 273.32 Td (Cash and cash equivalents, beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 273.32 Td (3,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 260.32 Td (Cash and cash equivalents, end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 259.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 259.42 Td (1,257) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 221.75 409.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 221.75 104.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 195.75 409.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 195.75 104.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 169.75 409.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 169.75 104.00 -13.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 212.32 Td (Supplemental cash disclosures:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 199.32 Td (Cash paid during the period for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 199.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 199.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 186.32 Td (Cash paid during the period for interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 186.32 Td (7,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 173.32 Td (Supplemental non-cash disclosures:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 160.32 Td (Accruals of property) Tj ET Q q 0 0 0 rg BT 147.42 160.32 Td (, plant and equipment purchases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 160.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 160.32 Td (698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 147.32 Td (Capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 147.32 Td (88) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.55 126.25 Td (See accompanying notes to consolidated financial statements.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (Note 1 Business and Basis of Pr) Tj ET Q q 0 0 0 rg BT 195.73 689.10 Td (esentation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (Description of Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 653.10 Td (OCI Partners LP) Tj ET Q q 0 0 0 rg BT 143.79 653.10 Td ( \(the Partnership, OCIP) Tj ET Q q 0 0 0 rg BT 249.87 653.10 Td (, we, us, or our\) is a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.59 653.10 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.90 653.10 Td ( limited partnership formed on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (February7, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.10 641.10 Td ( to own and operate OCI Beaumont LLC, an integrated methanol and anhydrous ammonia production facility) Tj ET Q q 0 0 0 rg BT 555.11 641.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (Our production facility is strategically located on the U.S. Gulf Coast near Beaumont, ) Tj ET Q q 0 0 0 rg BT 395.34 629.10 Td (T) Tj ET Q q 0 0 0 rg BT 400.75 629.10 Td (exas and commenced full operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (during ) Tj ET Q q 0 0 0 rg BT 77.56 617.10 Td (August 2012. Our facility is connected to established infrastructure and transportation facilities, including pipeline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (connections to adjacent customers, port access with dedicated methanol and ammonia import/export bar) Tj ET Q q 0 0 0 rg BT 465.57 605.10 Td (ge docks which allows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (us to ship both products along the Gulf Coast or export internationally) Tj ET Q q 0 0 0 rg BT 329.64 593.10 Td (, and truck loading facilities for both methanol and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (ammonia.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 557.10 Td (W) Tj ET Q q 0 0 0 rg BT 86.14 557.10 Td (e are currently one of the lar) Tj ET Q q 0 0 0 rg BT 199.23 557.10 Td (ger merchant methanol producers in the United States, with an annual methanol ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (production design capacity of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.83 545.10 Td (912,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.33 545.10 Td ( metric tons and an annual ammonia production design capacity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 533.10 Td (355,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.26 533.10 Td ( metric tons. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 509.10 Td (OCI Beaumont, LLC \(OCIB\) is a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.57 509.10 Td (T) Tj ET Q q 0 0 0 rg BT 227.98 509.10 Td (exas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.75 509.10 Td ( limited liability company formed on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.72 509.10 Td (December10, 2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.30 509.10 Td ( as the acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (vehicle to purchase the manufacturing facility and related assets of) Tj ET Q q 0 0 0 rg BT 316.16 497.10 Td (fered for sale by Eastman Chemical Company on May5, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (201) Tj ET Q q 0 0 0 rg BT 64.13 485.10 Td (1 for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.79 485.10 Td ($26,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.29 485.10 Td (. OCI Partners LP) Tj ET Q q 0 0 0 rg BT 189.58 485.10 Td ( is an indirect wholly-owned subsidiary of OCI N.V) Tj ET Q q 0 0 0 rg BT 396.31 485.10 Td (., a leading global producer and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (distributor of natural gas-based fertilizers and industrial chemicals. OCI N.V) Tj ET Q q 0 0 0 rg BT 355.07 473.10 Td (. \(OCI\), which is based in the Netherlands, is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (listed on the Euronext in ) Tj ET Q q 0 0 0 rg BT 149.76 461.10 Td (Amsterdam and is traded under the symbol OCI.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (Basis of Pr) Tj ET Q q 0 0 0 rg BT 93.58 437.10 Td (esentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 419.10 Td (The accompanying unaudited consolidated financial statements of the Partnership have been prepared in accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (with accounting principles generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 326.63 407.10 Td (America \(GAAP\). In the opinion of management, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.10 Td (unaudited consolidated financial statements reflect all adjustments, consisting only of normal and recurring adjustments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (considered necessary for a fair statement of the Partnership) Tj ET Q q 0 0 0 rg BT 288.85 383.10 Td (s financial position as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.11 383.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.71 383.10 Td (, and the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (results of operations and cash flows for the periods presented. ) Tj ET Q q 0 0 0 rg BT 298.97 371.10 Td (The accompanying unaudited consolidated financial statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (include the accounts of the Partnership. ) Tj ET Q q 0 0 0 rg BT 209.18 359.10 Td (All significant intercompany accounts and transactions have been eliminated in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.10 Td (consolidation. Operating results for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.35 347.10 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.76 347.10 Td ( are not necessarily indicative of the results that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.10 Td (may be expected for the year ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.49 335.10 Td (December31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.07 335.10 Td ( or any other reporting period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 311.10 Td (The preparation of financial statements in conformity with GAAP) Tj ET Q q 0 0 0 rg BT 340.95 311.10 Td ( requires management to make estimates and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (assumptions that af) Tj ET Q q 0 0 0 rg BT 126.53 299.10 Td (fect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. ) Tj ET Q q 0 0 0 rg BT 499.63 287.10 Td (Accuracy of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (estimates is based on accuracy of information used. Significant items subject to such estimates and assumptions include the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (useful lives of property) Tj ET Q q 0 0 0 rg BT 141.88 263.10 Td (, plant, and equipment, the valuation of property) Tj ET Q q 0 0 0 rg BT 334.51 263.10 Td (, plant, and equipment, and other contingencies.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Note 2 Recently ) Tj ET Q q 0 0 0 rg BT 131.15 713.25 Td (Adopted and Recently Issued ) Tj ET Q q 0 0 0 rg BT 257.83 713.25 Td (Accounting Standards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 695.25 Td (The Financial ) Tj ET Q q 0 0 0 rg BT 134.71 695.25 Td (Accounting Standards Board \(F) Tj ET Q q 0 0 0 rg BT 265.33 695.25 Td (ASB\) ) Tj ET Q q 0 0 0 rg BT 294.50 695.25 Td (Accounting Standards Codification is the sole source of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (authoritative GAAP) Tj ET Q q 0 0 0 rg BT 128.66 683.25 Td (. ) Tj ET Q q 0 0 0 rg BT 133.47 683.25 Td (The F) Tj ET Q q 0 0 0 rg BT 156.34 683.25 Td (ASB issues ) Tj ET Q q 0 0 0 rg BT 204.13 683.25 Td (Accounting Standards Updates \(ASU\) to communicate changes to the codification. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (The Partnership considers the applicability and impact of all ) Tj ET Q q 0 0 0 rg BT 292.49 671.25 Td (ASU) Tj ET Q q 0 0 0 rg BT 315.27 671.25 Td (s. ) Tj ET Q q 0 0 0 rg BT 323.98 671.25 Td (The following are those ) Tj ET Q q 0 0 0 rg BT 421.18 671.25 Td (ASU) Tj ET Q q 0 0 0 rg BT 443.96 671.25 Td (s that are relevant to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (Partnership.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 635.25 Td (On February 25, 2016, the F) Tj ET Q q 0 0 0 rg BT 190.36 635.25 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 239.26 635.25 Td (ASU No. 2016-02, Leases \(T) Tj ET Q q 0 0 0 rg BT 355.76 635.25 Td (opic 842\), which supersedes ) Tj ET Q q 0 0 0 rg BT 471.02 635.25 Td (Accounting Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (Codification \(ASC\) 840, Leases. Subsequent to the issuance of ) Tj ET Q q 0 0 0 rg BT 311.95 623.25 Td (ASU 2016-02, ) Tj ET Q q 0 0 0 rg BT 372.23 623.25 Td (ASC 842 was amended by various updates that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (amend and clarify the impact and implementation of the aforementioned update. ) Tj ET Q q 0 0 0 rg BT 373.09 611.25 Td (These updates require lessees to recognize a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (lease liability and a lease asset for all leases, including operating leases, with a term greater than 12 months on its balance sheet. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.25 Td (These updates also expand the required quantitative and qualitative disclosures surrounding leases. In July 2018, the F) Tj ET Q q 0 0 0 rg BT 521.98 587.25 Td (ASB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 76.45 575.25 Td (ASU No. 2018-1) Tj ET Q q 0 0 0 rg BT 144.13 575.25 Td (1, T) Tj ET Q q 0 0 0 rg BT 163.98 575.25 Td (ar) Tj ET Q q 0 0 0 rg BT 171.57 575.25 Td (geted Improvements - Leases \(T) Tj ET Q q 0 0 0 rg BT 300.27 575.25 Td (opic 842\), to reduce cost and complexity of implementing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.25 Td (new standard. ) Tj ET Q q 0 0 0 rg BT 107.36 563.25 Td (This update provided an optional transition method that allows entities to elect to apply the standard using the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.25 Td (modified retrospective approach at its ef) Tj ET Q q 0 0 0 rg BT 210.64 551.25 Td (fective date, versus recasting the prior periods presented. ) Tj ET Q q 0 0 0 rg BT 440.37 551.25 Td (The adoption of ) Tj ET Q q 0 0 0 rg BT 506.19 551.25 Td (ASU 2016-02 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.89 539.25 Td (ASU 2018-1) Tj ET Q q 0 0 0 rg BT 116.35 539.25 Td (1 on January 1, 2019, using the modified retrospective transition approach with optional transition method that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.25 Td (provides for a cumulative-ef) Tj ET Q q 0 0 0 rg BT 162.88 527.25 Td (fect adjustment to retained earnings upon adoption, resulted in recording additional right-of-use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.25 Td (\(ROU\) assets and lease liabilities of approximately $356. In addition, the Partnership elected the package of practical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.25 Td (expedients permitted under the transition guidance which does not require re-assessment of prior conclusions related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.25 Td (contracts containing a lease, lease classification and initial direct lease costs. ) Tj ET Q q 0 0 0 rg BT 357.81 491.25 Td (The adoption of ) Tj ET Q q 0 0 0 rg BT 423.63 491.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 445.40 491.25 Td (T) Tj ET Q q 0 0 0 rg BT 450.81 491.25 Td (opic 842 did not result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.25 Td (an adjustment to the January 1, 2019, opening balance of retained earnings. ) Tj ET Q q 0 0 0 rg BT 353.39 479.25 Td (The new standard did not have a significant impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.25 Td (on our results of operations, cash flows or financial position. ) Tj ET Q q 0 0 0 rg BT 293.90 467.25 Td (Additional information and disclosures required by this new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.25 Td (standard are contained in note 3 - Significant ) Tj ET Q q 0 0 0 rg BT 231.11 455.25 Td (Accounting Policies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 419.25 Td (Note3Significant ) Tj ET Q q 0 0 0 rg BT 135.06 419.25 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.25 Td (There have been no material changes to the significant accounting policies described in our ) Tj ET Q q 0 0 0 rg BT 416.59 397.25 Td (Annual Report except for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 385.25 Td (significant accounting policies set forth below) Tj ET Q q 0 0 0 rg BT 233.52 385.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 361.25 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 339.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 81.26 339.25 Td (fective January 1, 2019, the Partnership adopted ) Tj ET Q q 0 0 0 rg BT 275.93 339.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 297.70 339.25 Td (T) Tj ET Q q 0 0 0 rg BT 303.11 339.25 Td (opic 842, Leases using the transition method per ) Tj ET Q q 0 0 0 rg BT 498.90 339.25 Td (ASU No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.25 Td (2018-1) Tj ET Q q 0 0 0 rg BT 77.46 327.25 Td (1 issued on July 2018 wherein entities were allowed to initially apply the new lease standard at adoption date and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.25 Td (recognize a cumulative-ef) Tj ET Q q 0 0 0 rg BT 153.15 315.25 Td (fect adjustment to the opening balance of retained earnings in the period of adoption; therefore, prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.25 Td (periods will not be restated. In adopting the new standard, the Partnership elected the package of practical expedients permitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 291.25 Td (under the transition guidance within the new standard, which among other things, will allow the Partnership to carry forward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 279.25 Td (historical lease classification, relief from re-assessing whether an expired or existing contract meets the definition of a lease and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 267.25 Td (relief from re-assessing initial direct costs for any existing leases. Due in lar) Tj ET Q q 0 0 0 rg BT 353.39 267.25 Td (ge part to electing these practical expedients, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 255.25 Td (adoption of ) Tj ET Q q 0 0 0 rg BT 97.27 255.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 119.05 255.25 Td (T) Tj ET Q q 0 0 0 rg BT 124.46 255.25 Td (opic 842 did not result in an adjustment to the January 1, 2019, opening balance of retained earnings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 231.25 Td (The Partnership has operating and finance leases for corporate of) Tj ET Q q 0 0 0 rg BT 331.99 231.25 Td (fices, equipment and other assets used in our operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 219.25 Td (Leases with an initial term of 12 months or less are not recorded in the balance sheet. ) Tj ET Q q 0 0 0 rg BT 392.54 219.25 Td (The Partnership determines if an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 207.25 Td (arrangement is a lease at inception of a contract. ROU assets represent the Partnership's right to use an underlying asset during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 195.25 Td (the lease term and lease liabilities represent the Partnership's obligation to make lease payments arising from the lease. ROU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 183.25 Td (assets and liabilities are recognized at commencement date based on the net present value of fixed lease payments over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 171.25 Td (lease term. ) Tj ET Q q 0 0 0 rg BT 95.13 171.25 Td (The Partnership's lease term includes options to extend or terminate the lease when it is reasonably certain that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 159.25 Td (will exercise that option. ROU assets also include any advance lease payments made and exclude lease incentives. ) Tj ET Q q 0 0 0 rg BT 508.51 159.25 Td (As most of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 147.25 Td (the Partnership's operating leases do not provide an implicit rate, the Partnership uses its incremental borrowing rate based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 135.25 Td (the information available at commencement date in determining the present value of lease payments. Finance lease agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 123.25 Td (generally include an interest rate that is used to determine the present value of future lease payments. Operating fixed lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 111.25 Td (expense and finance lease depreciation expense are recognized on a straight-line basis over the lease term. ) Tj ET Q q 0 0 0 rg BT 476.25 111.25 Td (As of March 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 99.25 Td (2019, the Partnership has one operating lease related to of) Tj ET Q q 0 0 0 rg BT 280.91 99.25 Td (fice space rental. ) Tj ET Q q 0 0 0 rg BT 350.69 99.25 Td (The application of ) Tj ET Q q 0 0 0 rg BT 425.94 99.25 Td (ASC 842 resulted in an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 87.25 Td (immaterial impact on the consolidated balance sheet and consolidated statement of operations. ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (The components of lease costs are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 663.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 663.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 633.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 633.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 603.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 603.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 702.6 m 548 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 678.6 m 548 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 678.6 m 548 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 603.6 m 548 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 589.6 m 548 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 587.6 m 548 587.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.50 693.28 Td (Thr) Tj ET Q q 0 0 0 rg BT 468.99 693.28 Td (ee Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.90 683.28 Td (Mar) Tj ET Q q 0 0 0 rg BT 483.60 683.28 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 668.27 Td (Lease Costs:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 653.27 Td (Finance lease cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 653.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 638.27 Td (Operating lease cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 638.27 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 623.27 Td (Short-term lease cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 623.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 608.27 Td (V) Tj ET Q q 0 0 0 rg BT 83.61 608.27 Td (ariable lease cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 608.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 593.27 Td (T) Tj ET Q q 0 0 0 rg BT 70.91 593.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 593.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 593.27 Td (30) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 565.10 Td (Supplemental cash flow information related to leases are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 515.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 515.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 485.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 485.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 554.6 m 548 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 530.6 m 548 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 530.6 m 548 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 501.6 m 548 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 499.6 m 548 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 456.6 m 548 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 454.6 m 548 454.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.50 545.28 Td (Thr) Tj ET Q q 0 0 0 rg BT 468.99 545.28 Td (ee Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.90 535.28 Td (Mar) Tj ET Q q 0 0 0 rg BT 483.60 535.28 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 520.27 Td (Cash paid for amounts included in the measurement of lease liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 505.27 Td (Operating cash flows from operating leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 505.27 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 490.27 Td (Supplemental non-cash information:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 475.27 Td (Right of use assets obtained in exchange for new lease obligations:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 460.27 Td (Operating leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 460.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 460.27 Td (356) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.10 Td (Supplemental balance sheet information related to leases are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 380.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 380.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 350.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 350.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 320.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 320.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 290.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 290.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 409.6 m 548 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 395.6 m 548 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 395.6 m 548 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 350.6 m 548 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 290.6 m 548 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 276.6 m 548 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 274.6 m 548 274.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.90 400.28 Td (Mar) Tj ET Q q 0 0 0 rg BT 483.60 400.28 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 385.27 Td (Operating Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 370.27 Td (Operating lease right of use assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.50 355.27 Td (Property) Tj ET Q q 0 0 0 rg BT 117.61 355.27 Td (, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 355.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 355.27 Td (327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 325.27 Td (Operating lease liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.50 310.27 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 310.27 Td (120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.50 295.27 Td (Other non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 295.27 Td (207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 280.27 Td (T) Tj ET Q q 0 0 0 rg BT 70.91 280.27 Td (otal operating lease liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 280.27 Td (327) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.10 Td (The aggregate future lease payments for operating leases as of March 31, 2019 are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 212.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 212.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 182.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 182.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 152.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 152.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 241.60000000000002 m 548 241.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 227.60000000000002 m 548 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 227.60000000000002 m 548 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 167.60000000000002 m 548 167.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 137.60000000000002 m 548 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 123.60000000000002 m 548 123.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 121.60000000000002 m 548 121.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.90 232.28 Td (Mar) Tj ET Q q 0 0 0 rg BT 483.60 232.28 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 217.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 217.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 217.27 Td (1) Tj ET Q q 0 0 0 rg BT 534.15 217.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 202.27 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 202.27 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 187.27 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 187.27 Td (127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 172.27 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 172.27 Td (1) Tj ET Q q 0 0 0 rg BT 539.15 172.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 157.27 Td (T) Tj ET Q q 0 0 0 rg BT 70.91 157.27 Td (otal lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 157.27 Td (381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 142.27 Td (Less: Interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 142.27 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 127.27 Td (Present value of lease liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 127.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 127.27 Td (356) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (A) Tj ET Q q 0 0 0 rg BT 55.98 713.10 Td (verage lease term and discount rates are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 673.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 673.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 702.6 m 548 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 688.6 m 548 688.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.90 693.28 Td (Mar) Tj ET Q q 0 0 0 rg BT 483.60 693.28 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 678.27 Td (Operating lease:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 663.27 Td (W) Tj ET Q q 0 0 0 rg BT 80.54 663.27 Td (eighted-average remaining lease term \(years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 663.27 Td (2.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 648.27 Td (W) Tj ET Q q 0 0 0 rg BT 80.14 648.27 Td (eighted-average discount rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 648.27 Td (4.60) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (Note4Revenue) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (A. Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 576.10 Td (Revenue is recognized based on contracts or other persuasive evidence of an arrangement with the customer that has the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 564.10 Td (approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 552.10 Td (has commercial substance and collectability of consideration is probable. Revenue from sales of our products is measured based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 540.10 Td (on a consideration specified in a contract with a customer) Tj ET Q q 0 0 0 rg BT 279.14 540.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.96 540.10 Td (The Partnership recognizes revenue when it satisfies a performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 528.10 Td (obligation by transferring control over our products to a customer) Tj ET Q q 0 0 0 rg BT 311.38 528.10 Td (. ) Tj ET Q q 0 0 0 rg BT 316.20 528.10 Td (The majority of the Partnership's agreements for the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.10 Td (methanol or ammonia that are delivered via chartered bar) Tj ET Q q 0 0 0 rg BT 278.66 516.10 Td (ge, vessel or truck are sold on a Free on Board \(FOB\) shipping point ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.10 Td (basis, with title and risk of loss transferring when product crosses the inlet flange of the bar) Tj ET Q q 0 0 0 rg BT 414.50 504.10 Td (ge/vessel/truck when loaded at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.10 Td (OCIB's facility) Tj ET Q q 0 0 0 rg BT 109.26 492.10 Td (. ) Tj ET Q q 0 0 0 rg BT 113.70 492.10 Td (Agreements involving delivery via pipeline are shipped on an FOB destination point basis, with title and risk of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.10 Td (loss transferring at the valve connection between the Partnership's pipeline and the customer's owned/leased pipeline. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.10 Td (Regardless of the method of delivery) Tj ET Q q 0 0 0 rg BT 196.86 468.10 Td (, each metric ton of methanol and ammonia is determined to be a separate performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (obligation as each unit is capable of being distinct within the context of the contract.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 434.10 Td (At present, all of the Partnership's contracts for the sale of methanol or ammonia include index based pricing terms that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.10 Td (reflect a specified discount for each unit to a published monthly benchmark. ) Tj ET Q q 0 0 0 rg BT 356.17 422.10 Td (The presence of index based pricing indicates that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.10 Td (the transaction price can vary due to factors outside of the Partnership's influence \(such as market volatility\). ) Tj ET Q q 0 0 0 rg BT 486.53 410.10 Td (Therefore, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.10 Td (total transaction price is variable due to index based pricing terms which will be constrained until the uncertainty of the index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (price is resolved. ) Tj ET Q q 0 0 0 rg BT 119.85 386.10 Td (The Partnership has elected to use the allocation exception that allows an entity to allocate variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.10 Td (consideration to one or more performance obligations instead of using the relative standalone selling price method. Under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.10 Td (allocation exemption, the Partnership will allocate the transaction price to each distinct unit of product transferred to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (customer based on the published index price during the corresponding month of transfer) Tj ET Q q 0 0 0 rg BT 401.63 350.10 Td (. ) Tj ET Q q 0 0 0 rg BT 406.08 350.10 Td (All revenue for the sale of methanol ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (and ammonia is recognized at a point in time regardless of the method of transportation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 316.10 Td (Provisions in customer contracts relating to meter calibration and third-party inspections do not transfer a good or service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (to the customer but, instead, are considered activities required to fulfill the Partnership's promise of delivering methanol or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (ammonia to the customer) Tj ET Q q 0 0 0 rg BT 150.31 292.10 Td (. ) Tj ET Q q 0 0 0 rg BT 154.76 292.10 Td (As such, these activities are not identified as separate performance obligations. ) Tj ET Q q 0 0 0 rg BT 472.52 292.10 Td (When third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (inspections are paid directly by the Partnership, they will be treated as a cost to fulfill and will be expensed to cost of goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (sold \(exclusive of depreciation\) when incurred as the costs do not generate or enhance resources of the Partnership that will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (used to satisfy performance obligations in the future. Furthermore, these activities do not constitute delivery of a service as it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (a requirement to fulfill the contract. However) Tj ET Q q 0 0 0 rg BT 230.97 244.10 Td (, in cases where the customer pays a third party for an inspection and is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (subsequently reimbursed by OCIP) Tj ET Q q 0 0 0 rg BT 185.88 232.10 Td (, the Partnership will account for the reimbursed inspection fees as an element of variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (consideration \(i.e., consideration paid to a customer\) and recognize it as a reduction of the transaction price. Meter recalibration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (fees will be treated as costs to fulfill and qualify for capitalization as the costs generate or enhance resources of the Partnership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (that will be used to satisfy performance obligations in the future. However) Tj ET Q q 0 0 0 rg BT 346.79 196.10 Td (, the period between meter calibrations is every three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (months and the costs of the meter calibrations is immaterial, therefore, these costs will be expensed as incurred to cost of goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (sold \(exclusive of depreciation\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 150.10 Td (Demurrage is a form of liquidated damages for breaching the lay time allotted for the chartered bar) Tj ET Q q 0 0 0 rg BT 469.27 150.10 Td (ge, vessel or truck to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.10 Td (load the product sold. Demurrage char) Tj ET Q q 0 0 0 rg BT 203.15 138.10 Td (ges are payable by the party at fault which can be either the customer or the Partnership. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.10 Td (In the event the Partnership is obligated to reimburse the customer for demurrage char) Tj ET Q q 0 0 0 rg BT 393.92 126.10 Td (ges, the Partnership will record the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.10 Td (consideration payable to the customer as a reduction of transaction price. Since the Partnership may be reimbursed varying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.10 Td (amounts for demurrage char) Tj ET Q q 0 0 0 rg BT 162.33 102.10 Td (ges depending on factors that are out of the Partnership's controls, such reimbursements are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.10 Td (considered variable consideration. ) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 33.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 33.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 713.10 Td (Bar) Tj ET Q q 0 0 0 rg BT 87.76 713.10 Td (ges, vessels or trucks chartered by the Partnership to ship product to customers commence their activity after the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (customer obtains control of the product and, therefore, represent a promised service to the customer) Tj ET Q q 0 0 0 rg BT 447.70 701.10 Td (. ) Tj ET Q q 0 0 0 rg BT 452.52 701.10 Td (The Partnership has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (elected to treat shipping and handling char) Tj ET Q q 0 0 0 rg BT 219.26 689.10 Td (ges incurred by it as costs to fulfill the promise to transfer the products to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (customer) Tj ET Q q 0 0 0 rg BT 85.60 677.10 Td (. Shipping and handling char) Tj ET Q q 0 0 0 rg BT 200.68 677.10 Td (ges are thus not capitalized as they do not generate or enhance resources of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (Partnership that will be used to satisfy performance obligations in the future. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 643.10 Td (Commissions paid to N-7, LLC for the sale of ammonia are not incremental costs incurred in order to obtain a contract, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 631.10 Td (but are incremental costs to fulfill a contract and are expensed to cost of goods sold \(exclusive of depreciation\)related party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 619.10 Td (as incurred as these costs do not generate or enhance resources of the Partnership that will be used to satisfy performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 607.10 Td (obligations in the future. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 585.10 Td (Contract modifications may exist as a change order or amendment. Generally) Tj ET Q q 0 0 0 rg BT 382.46 585.10 Td (, modifications increase or decrease the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 573.10 Td (requested quantity of product or extend the agreement for additional periods. In either case, the modification relates to distinct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 561.10 Td (goods that will always be priced commensurate with their stand-alone selling prices due to the application of index based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 549.10 Td (pricing. ) Tj ET Q q 0 0 0 rg BT 82.27 549.10 Td (As such, each contract modification will be accounted for prospectively as a separate contract.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (B. Nature of our products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 505.10 Td (The goods included in OCIP's contracts are units of methanol or ammonia which are global commodities, with little or no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.10 Td (product dif) Tj ET Q q 0 0 0 rg BT 93.47 493.10 Td (ferentiation, and customers make their purchasing decisions principally based on delivered price and availability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.10 Td (the product. ) Tj ET Q q 0 0 0 rg BT 99.21 481.10 Td (As part of its ordinary business activities, OCIP) Tj ET Q q 0 0 0 rg BT 289.93 481.10 Td ( is currently party to methanol and ammonia sales contracts that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 469.10 Td (primarily held by related entities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 447.10 Td (C. Disaggregation of revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (In the following table, revenue is disaggregated by major product line. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 341.60 285.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 341.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 341.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 341.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 311.60 285.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 311.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 311.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 311.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 281.60 285.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 281.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 281.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 281.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 380.6 m 435 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 380.6 m 439 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 380.6 m 539 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 356.6 m 435 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 380.6 m 439 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 380.6 m 539 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 356.6 m 539 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 281.6 m 539 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 267.6 m 539 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 265.6 m 539 265.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.75 395.28 Td (For) Tj ET Q q 0 0 0 rg BT 390.12 395.28 Td ( the ) Tj ET Q q 0 0 0 rg BT 408.27 395.28 Td (Thr) Tj ET Q q 0 0 0 rg BT 424.75 395.28 Td (ee Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.90 385.28 Td (Mar) Tj ET Q q 0 0 0 rg BT 422.60 385.28 Td (ch 31, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.85 361.28 Td (Sales ) Tj ET Q q 0 0 0 rg BT 378.84 361.28 Td (V) Tj ET Q q 0 0 0 rg BT 385.14 361.28 Td (olumes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.65 361.28 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 346.27 Td (\(in metric tons\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.00 346.27 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 331.27 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 316.27 Td (Ammonia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 316.27 Td (61.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 316.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 316.27 Td (17,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 301.27 Td (Methanol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 301.27 Td (222.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 301.27 Td (75,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 286.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 286.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 286.27 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 271.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 271.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 271.27 Td (283.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 271.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 271.27 Td (93,177) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (12) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (D. ) Tj ET Q q 0 0 0 rg BT 61.35 713.25 Td (Accounts Receivable and Contract Balances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 691.25 Td (Accounts receivable are recorded when the right to consideration becomes unconditional. ) Tj ET Q q 0 0 0 rg BT 433.74 691.25 Td (The following table provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 679.25 Td (information about our accounts receivable and accounts receivablerelated party from contracts with customers. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 615.75 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 615.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 585.75 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 585.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 555.75 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 555.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 525.75 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 525.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 495.75 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 495.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 465.75 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 465.75 125.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 644.75 m 562 644.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 630.75 m 562 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 555.75 m 562 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 541.75 m 562 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 539.75 m 562 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 465.75 m 562 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 451.75 m 562 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 449.75 m 562 449.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.50 649.43 Td (As of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.40 635.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 485.10 635.43 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 620.42 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 605.42 Td (Accounts receivable:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 590.42 Td (Ammonia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 590.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 590.42 Td (2,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 575.42 Td (Methanol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 575.42 Td (4,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 560.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 560.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 545.42 Td (T) Tj ET Q q 0 0 0 rg BT 57.26 545.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 545.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 545.42 Td (6,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 515.42 Td (Accounts receivablerelated party:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 500.42 Td (Ammonia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 500.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 500.42 Td (2,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 485.42 Td (Methanol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 485.42 Td (17,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 470.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 470.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 455.42 Td (T) Tj ET Q q 0 0 0 rg BT 56.91 455.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 455.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 455.42 Td (20,620) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 429.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 429.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.94 429.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.54 429.25 Td (, the Partnership had no contract assets or contract liabilities as all customer amounts owed to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 417.25 Td (Partnership are unconditional and the Partnership does not receive payment in advance for its products. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 395.25 Td (E. Performance obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 373.25 Td (The Partnership recognizes revenue when it satisfies a performance obligation by transferring control over our products to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.25 Td (a customer) Tj ET Q q 0 0 0 rg BT 92.54 361.25 Td (. ) Tj ET Q q 0 0 0 rg BT 97.36 361.25 Td (The majority of OCIP's agreements for the sale of methanol or ammonia that are delivered via chartered bar) Tj ET Q q 0 0 0 rg BT 528.54 361.25 Td (ge, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.25 Td (vessel or truck are sold on a FOB shipping point basis, with title and risk of loss transferring when product crosses the inlet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.25 Td (flange of the bar) Tj ET Q q 0 0 0 rg BT 115.12 337.25 Td (ge/vessel/truck when loaded at OCIB's facility) Tj ET Q q 0 0 0 rg BT 300.39 337.25 Td (. ) Tj ET Q q 0 0 0 rg BT 304.84 337.25 Td (Agreements involving delivery via pipeline are shipped on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.25 Td (FOB destination point basis, with title and risk of loss transferring at the valve connection between OCIP's pipeline and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.25 Td (customer's owned/leased pipeline. OCIP's performance obligations are satisfied at the point in time at which OCIP) Tj ET Q q 0 0 0 rg BT 507.07 313.25 Td ( transfers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.25 Td (control of the product to the customer) Tj ET Q q 0 0 0 rg BT 200.02 301.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 279.25 Td (Payment terms under OCIP's sales contracts range from net 10 to net 30 days from the date the invoice is received.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 257.25 Td (Most ) Tj ET Q q 0 0 0 rg BT 97.42 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.60 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.68 257.25 Td (Partnership's ) Tj ET Q q 0 0 0 rg BT 183.77 257.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 224.72 257.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 251.80 257.25 Td (for ) Tj ET Q q 0 0 0 rg BT 268.31 257.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 309.83 257.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 342.45 257.25 Td (if ) Tj ET Q q 0 0 0 rg BT 353.42 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.49 257.25 Td (product ) Tj ET Q q 0 0 0 rg BT 405.89 257.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 447.95 257.25 Td (is ) Tj ET Q q 0 0 0 rg BT 459.48 257.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 493.22 257.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 531.95 257.25 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (specifications. ) Tj ET Q q 0 0 0 rg BT 109.34 245.25 Td (However) Tj ET Q q 0 0 0 rg BT 145.59 245.25 Td (, ) Tj ET Q q 0 0 0 rg BT 150.46 245.25 Td (OCIP) Tj ET Q q 0 0 0 rg BT 172.87 245.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.23 245.25 Td (performs ) Tj ET Q q 0 0 0 rg BT 213.69 245.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 243.83 245.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 285.06 245.25 Td (at ) Tj ET Q q 0 0 0 rg BT 294.64 245.25 Td (its ) Tj ET Q q 0 0 0 rg BT 306.45 245.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 343.25 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 353.39 245.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 381.85 245.25 Td (that ) Tj ET Q q 0 0 0 rg BT 399.21 245.25 Td (products ) Tj ET Q q 0 0 0 rg BT 436.01 245.25 Td (are ) Tj ET Q q 0 0 0 rg BT 450.58 245.25 Td (within ) Tj ET Q q 0 0 0 rg BT 478.50 245.25 Td (product ) Tj ET Q q 0 0 0 rg BT 511.41 245.25 Td (specification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 93.53 233.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 115.90 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 126.61 233.25 Td (shipment. ) Tj ET Q q 0 0 0 rg BT 168.70 233.25 Td (In ) Tj ET Q q 0 0 0 rg BT 179.96 233.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 218.17 233.25 Td (a ) Tj ET Q q 0 0 0 rg BT 225.54 233.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 271.23 233.25 Td (inspection ) Tj ET Q q 0 0 0 rg BT 315.26 233.25 Td (is ) Tj ET Q q 0 0 0 rg BT 324.86 233.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 364.99 233.25 Td (required ) Tj ET Q q 0 0 0 rg BT 401.24 233.25 Td (before ) Tj ET Q q 0 0 0 rg BT 429.71 233.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 469.30 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 480.01 233.25 Td (confirm ) Tj ET Q q 0 0 0 rg BT 514.59 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.74 233.25 Td (quantity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 221.25 Td (specification ) Tj ET Q q 0 0 0 rg BT 120.03 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.86 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.57 221.25 Td (product ) Tj ET Q q 0 0 0 rg BT 178.62 221.25 Td (are ) Tj ET Q q 0 0 0 rg BT 193.33 221.25 Td (in ) Tj ET Q q 0 0 0 rg BT 203.61 221.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 251.07 221.25 Td (with ) Tj ET Q q 0 0 0 rg BT 271.35 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.06 221.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 310.78 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.61 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.33 221.25 Td (contract. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 199.25 Td (F) Tj ET Q q 0 0 0 rg BT 54.88 199.25 Td (. T) Tj ET Q q 0 0 0 rg BT 65.62 199.25 Td (ransaction price allocated to the remaining performance obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 177.25 Td (In accordance with ) Tj ET Q q 0 0 0 rg BT 151.52 177.25 Td (ASC 606-10-50-13, the Partnership is required to include disclosure on its remaining performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 165.25 Td (obligations as of the end of the current reporting period. Due to the nature of Partnership's customer contracts, these reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 153.25 Td (requirements are not applicable. ) Tj ET Q q 0 0 0 rg BT 180.10 153.25 Td (The Partnership's contracts meet certain exemptions as defined in ) Tj ET Q q 0 0 0 rg BT 443.76 153.25 Td (ASC 606-10-50-14 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 141.25 Td (ASC 606-10-50-14A, including \(i\) performance obligation is part of a contract that has an original expected duration of one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 129.25 Td (year or less and \(ii\) variable consideration related to unsatisfied performance obligations that is allocated entirely to a wholly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 117.25 Td (unsatisfied performance obligation or to a wholly unsatisfied promise to transfer distinct goods or services as part of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 105.25 Td (performance obligation. For the Partnership's contracts that pertain to these exemptions: \(i\) the remaining performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 93.25 Td (obligations relate to the sale of methanol and ammonia; \(ii\) the estimated remaining duration of these performance obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 81.25 Td (ranges from the remainder of the current calendar year to five years; and \(iii\) variable consideration for these contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 69.25 Td (primarily includes index-based pricing terms that fluctuates throughout the contract. ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Note5Derivative Financial Instruments) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 691.25 Td (Natural Gas Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 669.25 Td (Natural gas is the primary feedstock for the Partnership's production of methanol and ammonia. Operating at full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 657.25 Td (capacity) Tj ET Q q 0 0 0 rg BT 82.16 657.25 Td (, our methanol and ammonia production units together require approximately 1) Tj ET Q q 0 0 0 rg BT 398.09 657.25 Td (10,000 to 120,000 MMBtu per day of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 645.25 Td (natural gas, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.75 645.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.35 645.25 Td (. ) Tj ET Q q 0 0 0 rg BT 187.80 645.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 237.14 645.25 Td (, our profitability depends in lar) Tj ET Q q 0 0 0 rg BT 364.15 645.25 Td (ge part on the cost of our natural gas feedstock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 633.25 Td (The Partnership utilizes financial derivative instruments primarily to manage its exposure to natural gas price fluctuations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 621.25 Td (protect its return on investments and achieve a more predictable cash flow from operations. ) Tj ET Q q 0 0 0 rg BT 417.25 621.25 Td (W) Tj ET Q q 0 0 0 rg BT 425.89 621.25 Td (e do not designate our commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 609.25 Td (derivative financial instruments as hedging instruments for financial accounting purposes and, as a result, we recognize the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 597.25 Td (change in the respective instruments) Tj ET Q q 0 0 0 rg BT 197.60 597.25 Td ( fair value in earnings. ) Tj ET Q q 0 0 0 rg BT 289.60 597.25 Td (This accounting results in significant volatility in earnings due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 585.25 Td (the impact market prices have on the market positions and derivative instruments that we have entered into.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 563.25 Td (Settlements in the normal course of maturities for our derivative financial instrument contracts result in cash receipts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.25 Td (from, or cash disbursements to, our derivative contract counterparties. Changes in the fair value of our derivative financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.25 Td (instrument contracts, which include both cash settlements and non-cash changes in fair value, are included in earnings as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.25 Td (component of cost of goods sold \(exclusive of depreciation\) in the unaudited consolidated statement of operations with a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.25 Td (corresponding increase or decrease in the unaudited consolidated balance sheets fair value amounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 493.25 Td (Our natural gas derivative instruments have historically been comprised of the following instruments: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 471.25 Td (Swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.06 471.25 Td (: ) Tj ET Q q 0 0 0 rg BT 104.16 471.25 Td (These contracts, which can be applied to any underlying index, allow us to exchange a floating market price for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.25 Td (fixed price or fixed basis over an agreed upon time period. ) Tj ET Q q 0 0 0 rg BT 285.53 459.25 Td (A) Tj ET Q q 0 0 0 rg BT 292.20 459.25 Td ( basis expresses the price dif) Tj ET Q q 0 0 0 rg BT 406.15 459.25 Td (ference between certain physical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.25 Td (locations in the market, such as the Henry Hub and the Houston Ship Channel natural gas delivery locations. ) Tj ET Q q 0 0 0 rg BT 486.44 447.25 Td (W) Tj ET Q q 0 0 0 rg BT 495.48 447.25 Td (ith respect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.25 Td (basis swap contracts held at period end, the counterparty is required to make a payment to the Partnership if the floating market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.25 Td (basis price is greater than the fixed basis price, and the Partnership is required to make a payment to the counterparty if the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.25 Td (fixed basis price is greater than the floating market basis.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 389.25 Td (Collars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.51 389.25 Td (: ) Tj ET Q q 0 0 0 rg BT 108.24 389.25 Td (A) Tj ET Q q 0 0 0 rg BT 114.91 389.25 Td ( collar is a combination of options including a purchased call and a sold put. ) Tj ET Q q 0 0 0 rg BT 421.87 389.25 Td (These contracts provide us with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (downside protection through the ceiling of the call option and allow us to participate in the upside of commodity prices through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (the floor of the put option. If the market price is above the strike price of the purchased call \(ceiling price\) at the time of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (settlement then the counterparty pays us the excess. If the market price is below the strike price of the sold put \(floor price\) at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (the time of settlement, we pay the counterparty the excess. Neither party is required to make a payment to the other party if the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (settlement price for any settlement period is between the floor price and the ceiling price. ) Tj ET Q q 0 0 0 rg BT 408.63 329.25 Td (These transactions were conducted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (contemporaneously with a single counterparty and resulted in a net cashless transaction. ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 713.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.94 713.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.54 713.10 Td (, the Partnership had natural gas derivative contracts outstanding, as set forth in the table below) Tj ET Q q 0 0 0 rg BT 542.17 713.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (none of which were designated as hedging instruments. ) Tj ET Q q 0 0 0 rg BT 273.43 701.10 Td (The volumes reflected below represent an aggregation of multiple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (derivative contracts having similar remaining durations expected to be realized ratably over the period indicated. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 645.60 175.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.00 645.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.00 645.60 247.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 645.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 645.60 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 535.00 645.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 621.60 175.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.00 621.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.00 621.60 247.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 621.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 621.60 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 535.00 621.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 588.60 175.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.00 588.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.00 588.60 247.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 588.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 588.60 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 535.00 588.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 561.60 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.00 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.00 561.60 247.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 561.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 535.00 561.60 4.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 657.6 m 225 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 657.6 m 476 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 657.6 m 535 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 588.6 m 225 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 588.6 m 476 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 588.6 m 535 588.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 661.83 Td (T) Tj ET Q q 0 0 0 rg BT 57.54 661.83 Td (ype of Contract and Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.20 661.83 Td (Index) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.85 669.83 Td (MMBtu's per) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.75 661.83 Td (day) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 648.22 Td (Natural gas collars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 636.22 Td (April 2019 - December 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.50 636.22 Td (NYMEX Henry Hub) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 636.22 Td (90,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 624.22 Td (January 2020 - December 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.50 624.22 Td (NYMEX Henry Hub) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 624.22 Td (60,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 612.22 Td (January 2022 - December 2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.50 612.22 Td (NYMEX Henry Hub) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 612.22 Td (20,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 592.83 Td (T) Tj ET Q q 0 0 0 rg BT 57.24 592.83 Td (ype of Contract and Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.20 592.83 Td (Index) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.85 600.83 Td (MMBtu's per) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.75 592.83 Td (day) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 579.22 Td (Natural gas basis swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 566.72 Td (April 2019 - ) Tj ET Q q 0 0 0 rg BT 116.16 566.72 Td (April 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.50 566.72 Td (Basis between Henry Hub and Houston Ship Channel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 566.72 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 551.72 Td (April 2019 - December 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.50 551.72 Td (Basis between Henry Hub and Houston Ship Channel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 551.72 Td (30,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 525.10 Td (The following table provides detail regarding the natural gas derivative assets and liabilities presented in the unaudited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 513.10 Td (consolidated balance sheets for the periods presented, all at fair value. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 476.60 139.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.00 476.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.00 476.60 201.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 476.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 476.60 141.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 448.60 139.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.00 448.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.00 448.60 201.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 448.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 448.60 141.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193 476.6 m 394 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 489.6 m 539 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 476.6 m 539 476.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.60 493.83 Td (The MonthsEndedMar) Tj ET Q q 0 0 0 rg BT 499.43 493.83 Td (ch31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.55 480.83 Td (Consolidated Balance Sheet Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 480.83 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 467.17 Td (Natural gas derivative contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.50 467.17 Td (Other current assets and prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 467.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 467.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 453.17 Td (Natural gas derivative contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.50 453.17 Td (Other payables and accruals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 453.17 Td (917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 439.17 Td (Natural gas derivative contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.50 439.17 Td (Other non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 439.17 Td (5,562) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (Natural Gas Derivatives gains and losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 391.10 Td (Cash receipts and payments in the following table reflect the gain or loss on derivative contracts which matured during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.10 Td (the period, calculated as the dif) Tj ET Q q 0 0 0 rg BT 174.27 379.10 Td (ference between the contract price and the market settlement price of matured contracts. Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.10 Td (cash gains and losses below represent the change in fair value of derivative instruments which continue to be held at period end, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.10 Td (if any) Tj ET Q q 0 0 0 rg BT 71.90 355.10 Td (, and the reversal of previously recognized non-cash gains or losses on derivative contracts that matured during the period. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 107.50 310.60 277.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 310.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 310.60 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 310.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 107.50 286.60 277.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 286.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 286.60 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 286.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 107.50 262.60 277.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 262.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 262.60 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 262.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 107.50 238.60 277.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 238.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 238.60 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 238.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 107.50 214.60 277.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 214.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 214.60 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 214.60 4.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 322.6 m 499.5 322.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 322.6 m 503.5 322.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 310.6 m 499.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 274.6 m 499.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 226.60000000000002 m 499.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 214.60000000000002 m 499.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 203.60000000000002 m 499.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 201.60000000000002 m 499.5 201.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.60 326.68 Td (The MonthsEndedMar) Tj ET Q q 0 0 0 rg BT 477.43 326.68 Td (ch31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.00 314.68 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 301.22 Td (Cash received \(paid\) on derivatives:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 289.22 Td (Natural gas fixed price swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.30 289.22 Td (\(321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 289.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 277.22 Td (Natural gas collars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 277.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.00 265.22 Td (Cash received on derivatives, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.30 265.22 Td (\(321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 265.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 253.22 Td (Non-cash gain \(loss\) on derivatives:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 241.22 Td (Natural gas fixed price swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.30 241.22 Td (\(349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 241.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 229.22 Td (Natural gas collars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.30 229.22 Td (\(136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 229.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.00 217.22 Td (Non-cash gain \(loss\) on derivatives, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.30 217.22 Td (\(485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 217.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 205.22 Td (Gain \(loss\) on natural gas derivatives, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 205.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.30 205.22 Td (\(806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 205.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 181.10 Td (Our natural gas derivative financial instruments covered approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.18 181.10 Td (70%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.51 181.10 Td ( of consumption volumes for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.26 181.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 169.10 Td (months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.42 169.10 Td (. ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Note6Fair) Tj ET Q q 0 0 0 rg BT 105.13 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 107.45 713.25 Td (V) Tj ET Q q 0 0 0 rg BT 113.76 713.25 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 691.25 Td (Accounting standards pertaining to fair value measurements establish a three-tier fair value hierarchy) Tj ET Q q 0 0 0 rg BT 477.69 691.25 Td (, which prioritizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 679.25 Td (the inputs used in measuring fair value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 657.25 Td (Level 1, defined as observable inputs such as quoted prices in active market; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 635.25 Td (Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 613.25 Td (Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.25 Td (own assumptions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 579.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.94 579.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.54 579.25 Td (, the Partnership held certain items that are required to be measured at a fair value on a recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 567.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 74.32 567.25 Td (The Partnership) Tj ET Q q 0 0 0 rg BT 140.69 567.25 Td (s receivables and payables are short-term in nature and, therefore, the carrying values approximate their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 555.25 Td (respective values as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.24 555.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.84 555.25 Td (. Debt accrues interest at a variable rate, and as such, the fair value approximates its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 543.25 Td (carrying value as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.13 543.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.73 543.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 521.25 Td (The Partnership) Tj ET Q q 0 0 0 rg BT 139.87 521.25 Td (s natural gas derivative instruments consist of over) Tj ET Q q 0 0 0 rg BT 342.68 521.25 Td (-the-counter contracts, which are not traded on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.25 Td (public exchange. Natural gas derivative instruments include swaps, as well as dif) Tj ET Q q 0 0 0 rg BT 373.39 509.25 Td (ferent types of option contracts. ) Tj ET Q q 0 0 0 rg BT 502.62 509.25 Td (The fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (values of swap and option contracts are determined based on inputs that can be derived from information available in publicly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (quoted markets. ) Tj ET Q q 0 0 0 rg BT 115.69 485.25 Td (Therefore, the Partnership has categorized these swap and option contracts as Level 2. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 448.75 146.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.00 448.75 65.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 448.75 65.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 448.75 65.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 448.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 448.75 75.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 401.75 146.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.00 401.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 401.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 401.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 401.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 401.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 373.75 146.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.00 373.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 373.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 373.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 373.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 373.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 345.75 146.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.00 345.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 345.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 345.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 345.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 345.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 317.75 146.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.00 317.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 317.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 317.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 317.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 317.75 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196 461.75 m 261 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 461.75 m 326 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 461.75 m 391 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 461.75 m 395 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 461.75 m 470 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196 448.75 m 261 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 448.75 m 326 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 448.75 m 391 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196 416.75 m 261 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 416.75 m 326 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 416.75 m 391 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 416.75 m 470 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196 373.75 m 261 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196 360.75 m 261 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196 358.75 m 261 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 373.75 m 326 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 360.75 m 326 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 358.75 m 326 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 373.75 m 391 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 360.75 m 391 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 358.75 m 391 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 373.75 m 470 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 360.75 m 470 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 358.75 m 470 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196 303.75 m 261 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196 290.75 m 261 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196 288.75 m 261 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 303.75 m 326 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 290.75 m 326 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 288.75 m 326 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 303.75 m 391 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 290.75 m 391 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 288.75 m 391 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 303.75 m 470 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 290.75 m 470 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 288.75 m 470 288.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.20 465.98 Td (Thr) Tj ET Q q 0 0 0 rg BT 283.46 465.98 Td (ee MonthEndedMar) Tj ET Q q 0 0 0 rg BT 356.87 465.98 Td (ch31, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.90 452.98 Td (Fair) Tj ET Q q 0 0 0 rg BT 254.42 452.98 Td ( ) Tj ET Q q 0 0 0 rg BT 256.27 452.98 Td (V) Tj ET Q q 0 0 0 rg BT 261.31 452.98 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 303.61 452.98 Td (ement Using) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 421.42 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.85 421.42 Td (Level 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.85 421.42 Td (Level 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.85 421.42 Td (Level 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.45 439.32 Td (Assets and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.55 429.32 Td (Liabilities at Fair) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.60 419.37 Td (V) Tj ET Q q 0 0 0 rg BT 426.71 419.37 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 406.42 Td (Natural gas derivative contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.45 392.32 Td (Swap Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 392.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 392.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 392.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 392.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.65 378.32 Td (Collar Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 378.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 378.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 378.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 378.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 364.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 364.32 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.13 364.32 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 364.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 364.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 364.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 364.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 336.32 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.45 322.32 Td (Swap Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 322.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 322.32 Td (2,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 322.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 322.32 Td (2,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.65 308.32 Td (Collar Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 308.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 308.32 Td (3,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 308.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 308.32 Td (3,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 294.32 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 294.32 Td (otal Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 294.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 294.32 Td (6,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 294.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 294.32 Td (6,477) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Note 7 Pr) Tj ET Q q 0 0 0 rg BT 102.36 713.25 Td (operty) Tj ET Q q 0 0 0 rg BT 129.57 713.25 Td (, Plant and Equipment) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 664.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 664.75 134.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 634.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 634.75 134.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 604.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 604.75 134.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 574.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 574.75 134.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 544.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 544.75 134.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 514.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 514.75 134.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 688.75 m 560 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 664.75 m 560 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 664.75 m 560 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 544.75 m 560 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 544.75 m 560 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 514.75 m 560 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 514.75 m 560 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 500.75 m 560 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 498.75 m 560 498.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.00 693.43 Td (As of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.15 679.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 489.85 679.43 Td (ch 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 669.43 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 655.32 Td (Land) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 654.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.65 654.42 Td (3,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 640.32 Td (Plant and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 639.42 Td (764,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 625.32 Td (Buildings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 624.42 Td (14,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 610.32 Td (V) Tj ET Q q 0 0 0 rg BT 60.17 610.32 Td (ehicles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 609.42 Td (215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 595.32 Td (Furniture, fixtures & of) Tj ET Q q 0 0 0 rg BT 147.28 595.32 Td (fice equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 594.42 Td (581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 580.32 Td (Right-of-use assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 579.42 Td (327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 565.32 Td (Computer hardware & software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 564.42 Td (295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 550.32 Td (Construction in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.65 549.42 Td (7,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 534.42 Td (791,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 520.32 Td (Less: accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 519.42 Td (303,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.50 504.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 504.42 Td (488,066) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (Note 8 Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 446.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.94 446.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.54 446.25 Td (, the Partnership) Tj ET Q q 0 0 0 rg BT 233.58 446.25 Td (s inventories consisted of finished goods and supplies inventory) Tj ET Q q 0 0 0 rg BT 488.46 446.25 Td (. ) Tj ET Q q 0 0 0 rg BT 493.28 446.25 Td (The Partnership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 434.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.44 434.25 Td ( raw materials and/or work-in-progress inventories. ) Tj ET Q q 0 0 0 rg BT 284.25 434.25 Td (The Partnership) Tj ET Q q 0 0 0 rg BT 350.62 434.25 Td (s raw materials are consumed immediately upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.25 Td (receipt and all work in process are transferred to finished goods at the end of each period. Inventories are stated at the lower of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.25 Td (cost and net realizable value, using the standard cost method for finished goods, work in process and raw materials, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.25 Td (average cost method for supplies inventory) Tj ET Q q 0 0 0 rg BT 221.30 398.25 Td (. ) Tj ET Q q 0 0 0 rg BT 226.12 398.25 Td (W) Tj ET Q q 0 0 0 rg BT 234.76 398.25 Td (e review our standard costs monthly and update them as appropriate to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.25 Td (approximate actual costs. ) Tj ET Q q 0 0 0 rg BT 153.17 386.25 Td (V) Tj ET Q q 0 0 0 rg BT 159.29 386.25 Td (ariances from the update of standard costs are then properly capitalized to the inventories and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.25 Td (expensed to costs of goods sold \(exclusive of depreciation\). ) Tj ET Q q 0 0 0 rg BT 290.37 374.25 Td (W) Tj ET Q q 0 0 0 rg BT 299.01 374.25 Td (e also allocate a portion of fixed production overhead to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (inventory based on the normal capacity of our production facilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 344.25 Td (Below is a summary of inventory balances by product as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.72 344.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.32 344.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 295.75 413.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 295.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 265.75 413.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 265.75 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 319.75 m 562 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 295.75 m 562 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 250.75 m 562 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 250.75 m 562 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 236.75 m 562 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 234.75 m 562 234.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.00 324.43 Td (As of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.15 310.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 508.85 310.43 Td (ch 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.00 300.43 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 286.32 Td (Ammonia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 285.42 Td (3,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 271.32 Td (Methanol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 270.42 Td (2,71) Tj ET Q q 0 0 0 rg BT 553.15 270.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 256.32 Td (Supplies inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 255.42 Td (1,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 241.32 Td (T) Tj ET Q q 0 0 0 rg BT 70.41 241.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 240.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 240.42 Td (7,823) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Note 9 Debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (\(a\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.66 683.25 Td (Debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.10 683.25 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.10 683.25 Td (Third Party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 626.75 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 626.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.00 626.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 626.75 91.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 626.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 626.75 91.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 626.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 626.75 71.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 626.75 m 297 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 626.75 m 392 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 626.75 m 487 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 626.75 m 562 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 626.75 m 297 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 626.75 m 392 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 626.75 m 487 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 626.75 m 562 626.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.65 641.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 258.44 641.43 Td (ch 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.50 631.43 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.65 631.43 Td (Inter) Tj ET Q q 0 0 0 rg BT 340.22 631.43 Td (est Rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.55 651.43 Td (Inter) Tj ET Q q 0 0 0 rg BT 424.12 651.43 Td (est Rate as of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.65 641.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 438.44 641.43 Td (ch 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.50 631.43 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.80 631.43 Td (Maturity Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 616.42 Td (Revolving Credit Facility \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.50 616.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 616.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.25 616.42 Td (3.25% + LIBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.55 616.42 Td (5.73%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.70 616.42 Td (March 13, 2020) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 600.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 600.25 Td (Unamortized debt issue costs related to the revolving credit facility is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.70 600.25 Td ($284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.70 600.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.86 600.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.45 600.25 Td ( and is presented as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 588.25 Td (component of other non-current assets in the the accompanying unaudited consolidated balance sheets.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 543.75 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 543.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 543.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 543.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 543.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 543.75 91.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 543.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 543.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 513.75 175.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 513.75 71.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 513.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 513.75 90.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 513.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 513.75 91.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 513.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 513.75 71.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 543.75 m 296.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 543.75 m 390.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 543.75 m 485.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 543.75 m 560.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 543.75 m 390.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 543.75 m 485.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 543.75 m 560.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 488.75 m 296.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 488.75 m 296.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 474.75 m 296.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 472.75 m 296.5 472.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.15 558.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 257.94 558.43 Td (ch 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.00 548.43 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.65 548.43 Td (Inter) Tj ET Q q 0 0 0 rg BT 339.22 548.43 Td (est Rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.05 568.43 Td (Inter) Tj ET Q q 0 0 0 rg BT 422.62 568.43 Td (est Rate as of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.15 558.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 436.94 558.43 Td (ch 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.00 548.43 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.30 548.43 Td (Maturity Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 533.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 533.42 Td (erm Loan Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 533.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 533.42 Td (450,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.25 533.42 Td (4.00% + LIBOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.05 533.42 Td (6.60%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.20 533.42 Td (March 13, 2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 518.42 Td (Less: Current Portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 518.42 Td (4,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 503.42 Td (Less: Unamortized Discount and Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 493.42 Td (Issue Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 493.42 Td (6,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 478.42 Td (T) Tj ET Q q 0 0 0 rg BT 85.41 478.42 Td (erm Loan Facility) Tj ET Q q 0 0 0 rg BT 156.41 478.42 Td (, Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 478.42 Td (439,301) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 452.9169921875 m 119.94921875 452.9169921875 l s q 0 0 0 rg BT 49.50 454.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 59.69 454.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 77.00 454.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 91.63 454.25 Td (eement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 436.25 Td (On March 13, 2018, the Partnership successfully completed the closing of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.98 436.25 Td ($455,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.48 436.25 Td ( secured term loan credit facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.25 Td (\(the T) Tj ET Q q 0 0 0 rg BT 77.40 424.25 Td (erm Loan Facility\) and a $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.19 424.25 Td (40,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.69 424.25 Td ( revolving credit facility \(the Revolving Credit Facility\) established pursuant to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.44 412.25 Td (Agreement, dated as of March 13, 2018 \(the Credit ) Tj ET Q q 0 0 0 rg BT 287.21 412.25 Td (Agreement\), among the Partnership, the lenders party thereto from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.25 Td (time to time and Bank of ) Tj ET Q q 0 0 0 rg BT 151.15 400.25 Td (America, N.A., as administrative agent. ) Tj ET Q q 0 0 0 rg BT 312.03 400.25 Td (The Revolving Credit Facility includes a $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.55 400.25 Td (20,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.05 400.25 Td ( letter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.25 Td (credit sub-limit. ) Tj ET Q q 0 0 0 rg BT 115.33 388.25 Td (All proceeds from the Revolving Credit Facility will be used by the Partnership for working capital, capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.25 Td (expenditures and other general corporate purposes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 358.25 Td (The ) Tj ET Q q 0 0 0 rg BT 95.37 358.25 Td (T) Tj ET Q q 0 0 0 rg BT 100.78 358.25 Td (erm Loan Facility matures on March31, 2025, and amortizes in quarterly installments equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.62 358.25 Td (0.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.45 358.25 Td ( of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.25 Td (original principal amount thereof, or $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.79 346.25 Td (1,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.29 346.25 Td ( payable at the end of each fiscal quarter) Tj ET Q q 0 0 0 rg BT 386.32 346.25 Td (. ) Tj ET Q q 0 0 0 rg BT 391.14 346.25 Td (The initial interest rate on the ) Tj ET Q q 0 0 0 rg BT 511.47 346.25 Td (T) Tj ET Q q 0 0 0 rg BT 516.88 346.25 Td (erm Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.25 Td (Facility accrues interest at a rate equal to, at the Partnership) Tj ET Q q 0 0 0 rg BT 290.79 334.25 Td (s option, LIBOR plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.41 334.25 Td (4.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.24 334.25 Td ( or a base rate plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.43 334.25 Td (3.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.26 334.25 Td (. ) Tj ET Q q 0 0 0 rg BT 513.08 334.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.25 Td (respective interest rate mar) Tj ET Q q 0 0 0 rg BT 157.32 322.25 Td (gins are subject to reductions based on changes in our consolidated total net leverage ratio as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.25 Td (outlined in the table below) Tj ET Q q 0 0 0 rg BT 155.49 310.25 Td (. ) Tj ET Q q 0 0 0 rg BT 159.94 310.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.38 310.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.98 310.25 Td (, the interest rate on the ) Tj ET Q q 0 0 0 rg BT 344.15 310.25 Td (T) Tj ET Q q 0 0 0 rg BT 349.56 310.25 Td (erm Loan Facility is LIBOR plus 4.00%. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 78.00 264.75 261.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.00 264.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 264.75 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 264.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 264.75 86.00 -15.00 re f /GS0 gs BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.35 283.43 Td (Inter) Tj ET Q q 0 0 0 rg BT 234.83 283.43 Td (est Rate on the ) Tj ET Q q 0 0 0 rg BT 300.19 283.43 Td (T) Tj ET Q q 0 0 0 rg BT 305.94 283.43 Td (erm Loan Facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.50 269.43 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 138.94 269.43 Td (T) Tj ET Q q 0 0 0 rg BT 144.69 269.43 Td (otal Net Leverage Ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.35 269.43 Td (LIBO Rate Loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.35 269.43 Td (Base Rate Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 254.42 Td (Less than 2.75 to 1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 254.42 Td (4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 254.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 254.42 Td (3.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 254.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 239.42 Td (Greater than or equal to 2.75 to 1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 239.42 Td (4.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 239.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 239.42 Td (3.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 239.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 199.25 Td (The Revolving Credit Facility matures on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.91 199.25 Td (March13, 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.51 199.25 Td ( and outstanding principal amounts under the Revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.25 Td (Credit Facility bear interest at an initial interest rate of, at the Partnership) Tj ET Q q 0 0 0 rg BT 344.68 187.25 Td (s option, LIBOR plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.30 187.25 Td (3.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.13 187.25 Td ( or a base rate plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.25 Td (2.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.33 175.25 Td (. ) Tj ET Q q 0 0 0 rg BT 80.15 175.25 Td (The respective interest rate mar) Tj ET Q q 0 0 0 rg BT 206.01 175.25 Td (gins are subject to reductions based on changes in our consolidated first lien net leverage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.25 Td (ratio as outlined in the table below) Tj ET Q q 0 0 0 rg BT 187.15 163.25 Td (. ) Tj ET Q q 0 0 0 rg BT 191.59 163.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.04 163.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.64 163.25 Td (, the interest rate on the Revolving Credit Facility is LIBOR plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.25 Td (3.25%.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 78.00 105.75 261.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.00 105.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 105.75 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 105.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 105.75 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 78.00 75.75 261.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.00 75.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 75.75 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 75.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 75.75 86.00 -15.00 re f /GS0 gs BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.70 124.43 Td (Inter) Tj ET Q q 0 0 0 rg BT 222.18 124.43 Td (est Rate on the Revolving Cr) Tj ET Q q 0 0 0 rg BT 344.48 124.43 Td (edit Facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.50 110.43 Td (Consolidated First Lien Net Leverage Ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.35 110.43 Td (LIBO Rate Loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.35 110.43 Td (Base Rate Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 95.42 Td (Less than 2.50 to 1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 95.42 Td (3.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 95.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 95.42 Td (2.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 95.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 80.42 Td (Less than 3.00 to 1.00 and greater than or equal to 2.50 to 1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 80.42 Td (3.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 80.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 80.42 Td (2.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 80.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 65.42 Td (Greater than or equal to 3.00 to 1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 65.42 Td (3.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 65.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 65.42 Td (2.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 65.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 713.10 Td (The Partnership pays a commitment fee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.95 713.10 Td (0.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.78 713.10 Td ( per annum on the unused portion of the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 539.80 713.10 Td (, that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (steps down to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 701.10 Td (0.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.83 701.10 Td ( if the first lien net leverage ratio is less than or equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.31 701.10 Td (3.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.81 701.10 Td ( to 1.00. ) Tj ET Q q 0 0 0 rg BT 415.54 701.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.98 701.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.58 701.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (commitment fee on the Revolving Credit Facility is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.35 689.10 Td (0.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.18 689.10 Td (. ) Tj ET Q q 0 0 0 rg BT 293.63 689.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.07 689.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.67 689.10 Td (, the Partnership's consolidated total net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (leverage ratio and consolidated first lien net leverage ratio were both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.88 677.10 Td (2.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.38 677.10 Td ( to 1.00.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 653.10 Td (Scheduled amortization payments of the secured ) Tj ET Q q 0 0 0 rg BT 273.92 653.10 Td (T) Tj ET Q q 0 0 0 rg BT 279.33 653.10 Td (erm Loan Facility with respect to the Credit ) Tj ET Q q 0 0 0 rg BT 456.51 653.10 Td (Agreement at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 653.10 Td (March31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 641.10 Td ( are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 616.60 463.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 616.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 588.60 463.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 588.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 560.60 463.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 560.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 532.60 463.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 532.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 504.60 463.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 504.60 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 616.6 m 512 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 616.6 m 562 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 616.6 m 512 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 504.6 m 562 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 491.6 m 562 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 489.6 m 562 489.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 621.28 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 78.62 621.28 Td (Y) Tj ET Q q 0 0 0 rg BT 84.74 621.28 Td (ear) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 607.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 607.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 607.17 Td (3,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 593.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 593.17 Td (4,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 579.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 579.17 Td (4,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 565.17 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 565.17 Td (4,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 551.17 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 551.17 Td (4,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 537.17 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 537.17 Td (4,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 523.17 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 523.17 Td (4,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 509.17 Td (2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.60 509.17 Td (419,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 495.17 Td (T) Tj ET Q q 0 0 0 rg BT 56.91 495.17 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 495.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.60 495.17 Td (450,450) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 477.10 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 122.49 477.10 Td (Agreement, as well as related fees and expenses, are unconditionally guaranteed by OCIB. ) Tj ET Q q 0 0 0 rg BT 487.18 477.10 Td (The Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 465.10 Td (Agreement, and related fees and expenses, are secured by a first priority lien on substantially all of OCIB) Tj ET Q q 0 0 0 rg BT 473.53 465.10 Td (s and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 453.10 Td (Partnership's assets, subject to customary exceptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 435.10 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 122.49 435.10 Td (Agreement contains customary covenants which the Partnership must abide and default provisions for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.10 Td (benefit of the lenders, including a requirement that the Partnership maintain, on a quarterly basis, \(i\) a consolidated senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.10 Td (secured net leverage ratio not in excess of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.43 411.10 Td (5.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.93 411.10 Td ( to 1.00 and \(ii\) at times when any revolving loans or revolving loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.10 Td (commitments are outstanding, a consolidated interest coverage ratio of not less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.46 399.10 Td (2.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.96 399.10 Td ( to 1.00. ) Tj ET Q q 0 0 0 rg BT 439.69 399.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.13 399.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.73 399.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.10 Td (Partnership) Tj ET Q q 0 0 0 rg BT 97.83 387.10 Td (s consolidated senior secured net leverage ratio was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.19 387.10 Td (2.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.69 387.10 Td ( to 1.00, and its consolidated interest coverage ratio was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 375.10 Td (6.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 375.10 Td ( to 1.00. ) Tj ET Q q 0 0 0 rg BT 102.10 375.10 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 147.09 375.10 Td (Agreement permits the Partnership to make distributions so long as no event of default has occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 363.10 Td (and is continuing and the Partnership is in pro forma compliance with its financial maintenance covenants. Upon the occurrence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 351.10 Td (of certain events of default under the Credit ) Tj ET Q q 0 0 0 rg BT 226.10 351.10 Td (Agreement, Partnership) Tj ET Q q 0 0 0 rg BT 323.85 351.10 Td (s obligations under the Credit ) Tj ET Q q 0 0 0 rg BT 444.11 351.10 Td (Agreement may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 339.10 Td (accelerated. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 315.10 Td (The Credit ) Tj ET Q q 0 0 0 rg BT 122.49 315.10 Td (Agreement also contains various non-financial covenants, which include, among others, undertakings with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.10 Td (respect to reporting requirements, maintenance of specified insurance coverage, and compliance with applicable laws and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 291.10 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 98.38 291.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.83 291.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.42 291.10 Td (, the Partnership was in compliance with all these covenants.) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (\(b\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 64.22 713.25 Td (Debt Issuance Costs) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 681.9169921875 m 119.94921875 681.9169921875 l s q 0 0 0 rg BT 49.50 683.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 59.69 683.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 77.00 683.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 91.63 683.25 Td (eement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 659.25 Td (The ) Tj ET Q q 0 0 0 rg BT 95.37 659.25 Td (T) Tj ET Q q 0 0 0 rg BT 100.78 659.25 Td (erm Loan Facility under the Credit ) Tj ET Q q 0 0 0 rg BT 241.85 659.25 Td (Agreement included approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.97 659.25 Td ($7,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.47 659.25 Td ( of debt issuance costs. ) Tj ET Q q 0 0 0 rg BT 507.71 659.25 Td (The debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td (issuance costs were recorded as a reduction of long-term debt in the accompanying unaudited consolidated balance sheets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (will be amortized over the term of the terms loans under the Credit ) Tj ET Q q 0 0 0 rg BT 318.59 635.25 Td (Agreement using the ef) Tj ET Q q 0 0 0 rg BT 411.99 635.25 Td (fective-interest method.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 611.25 Td (The Revolving Credit Facility under the Credit ) Tj ET Q q 0 0 0 rg BT 267.19 611.25 Td (Agreement included approximately $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.30 611.25 Td (600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.30 611.25 Td ( of debt issuance costs. ) Tj ET Q q 0 0 0 rg BT 525.55 611.25 Td (The debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (issuance costs associated with the Revolving Credit Facility were recorded as an other non-current assets in the accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.25 Td (unaudited consolidated balance sheets and will be amortized over the term of the Revolving Credit Facility under the Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.25 Td (Agreement using the ef) Tj ET Q q 0 0 0 rg BT 142.90 575.25 Td (fective-interest method.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 551.25 Td (OCIB amortized debt issuance costs related to the Credit ) Tj ET Q q 0 0 0 rg BT 306.61 551.25 Td (Agreement of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.36 551.25 Td (298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.36 551.25 Td ( during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.19 551.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.17 551.25 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 551.25 Td (March31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 539.25 Td (. ) Tj ET Q q 0 0 0 rg BT 74.32 539.25 Td (The amortization of the debt issuance costs is presented as a component of interest expense in the accompanying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.25 Td (unaudited consolidated statements of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (\(c\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.10 497.25 Td (T) Tj ET Q q 0 0 0 rg BT 68.84 497.25 Td (rade Receivable Securitization ) Tj ET Q q 0 0 0 rg BT 195.95 497.25 Td (Arrangement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 473.25 Td (On September 20, 2018, OCIB entered into a master framework agreement with a third party financial institution to sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (eligible trade receivables generated from the sale of methanol or ammonia to a third party purchaser) Tj ET Q q 0 0 0 rg BT 449.06 461.25 Td (.OCIB accounts for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.25 Td (trade receivables sold under this agreement as a sale of financial assets and derecognizes these trade receivables from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.25 Td (consolidated balance sheet. Due to a short average collection cycle for such trade receivables, the fair value of the sold trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (receivables approximates the book value, and as a result, no gain or loss on the sale of trade receivables is recorded. ) Tj ET Q q 0 0 0 rg BT 514.89 425.25 Td (Although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (OCIB continues to service, administer and collect the trade receivables on behalf of the purchaser) Tj ET Q q 0 0 0 rg BT 439.78 413.25 Td (, a servicing asset or liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.25 Td (is not recognized due to any financial statement impact associated with the servicing asset or liability being immaterial. Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.25 Td (collections from customers for the sold trade receivables are presented as a component of other payables and accruals in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (accompanying unaudited consolidated balance sheets until they are remitted to the purchaser) Tj ET Q q 0 0 0 rg BT 419.65 377.25 Td (. ) Tj ET Q q 0 0 0 rg BT 424.47 377.25 Td (The financing element of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (program is presented as a component of interest expense in the accompanying unaudited consolidated statements of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 341.25 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.05 341.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.03 341.25 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.86 341.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.46 341.25 Td (, OCIB sold trade receivables having an aggregate face value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.12 341.25 Td ($29,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.62 341.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (to the purchaser and received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.16 329.25 Td ($45,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.66 329.25 Td ( of cash collections from customers which resulted in a net cash payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.13 329.25 Td ($15,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.63 329.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (the purchaser) Tj ET Q q 0 0 0 rg BT 102.53 317.25 Td (. Related fees for the period were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.03 317.25 Td ($164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.03 317.25 Td (. ) Tj ET Q q 0 0 0 rg BT 262.47 317.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.92 317.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.52 317.25 Td (, the outstanding principal amount of trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (receivables sold under this facility amounted to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.39 305.25 Td ($5,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.89 305.25 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.66 305.25 Td ($5,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.16 305.25 Td ( represents cash collections from customers for trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (receivables previously sold to the purchaser) Tj ET Q q 0 0 0 rg BT 224.17 293.25 Td (. OCIB records cash flows related to proceeds from the purchaser for the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.25 Td (trade receivables as operating activities in its unaudited consolidated statements of cash flows, and reflects cash flows related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (the collection of the trade receivables as well as the amount of collections OCIB remits to the purchaser as financing activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (in its unaudited consolidated statements of cash flows.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 701.25 Td (Note 10 Related Party ) Tj ET Q q 0 0 0 rg BT 158.46 701.25 Td (T) Tj ET Q q 0 0 0 rg BT 164.38 701.25 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 683.25 Td (The Partnership has maintained and been involved with certain arrangements and transactions with OCI and its af) Tj ET Q q 0 0 0 rg BT 532.18 683.25 Td (filiates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (The material ef) Tj ET Q q 0 0 0 rg BT 110.39 671.25 Td (fects of such arrangements and transactions are reported in the accompanying unaudited consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (statements as related party transactions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 635.25 Td (The following table represents the ef) Tj ET Q q 0 0 0 rg BT 224.21 635.25 Td (fect of related party transactions on the unaudited consolidated statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (operations for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.53 623.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.52 623.25 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.34 623.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.94 623.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 573.75 363.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 573.75 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 543.75 363.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 543.75 150.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 588.75 m 562 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 588.75 m 562 588.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.40 603.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 434.89 603.43 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 530.54 603.43 Td (ch 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.00 593.43 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 578.42 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.50 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 578.42 Td (69,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 563.42 Td (Cost of goods sold \(exclusive of depreciation\) \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 563.42 Td (20,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 548.42 Td (Selling, general and administrative expenses \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 548.42 Td (958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 533.42 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 533.42 Td (64) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 505.25 Td (Amounts represented in cost of goods sold \(exclusive of depreciation\) were incurred to the following related parties:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 455.75 363.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 455.75 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 425.75 363.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 425.75 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 395.75 363.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 395.75 150.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 470.75 m 562 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 470.75 m 562 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 380.75 m 562 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 366.75 m 562 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 364.75 m 562 364.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.40 485.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 434.89 485.43 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 530.54 485.43 Td (ch 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.00 475.43 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 460.42 Td (OCI GP) Tj ET Q q 0 0 0 rg BT 82.90 460.42 Td (, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.50 460.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 460.42 Td (4,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 445.42 Td (OCI Methanol Marketing, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 445.42 Td (12,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 430.42 Td (OCI Fuels Limited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 430.42 Td (3,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 415.42 Td (N-7, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 415.42 Td (536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 400.42 Td (Iowa Fertilizer Company) Tj ET Q q 0 0 0 rg BT 151.70 400.42 Td (, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 400.42 Td (96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 385.42 Td (OCI Fertilizers BV) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 385.42 Td (1) Tj ET Q q 0 0 0 rg BT 553.15 385.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 370.42 Td (T) Tj ET Q q 0 0 0 rg BT 56.91 370.42 Td (otal cost of goods sold \(exclusive of depreciation\)related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.50 370.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 370.42 Td (20,834) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 342.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.45 342.25 Td (Amounts represented in selling, general and administrative expense were incurred to the following related parties:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 292.75 363.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 292.75 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 262.75 363.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 262.75 150.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 307.75 m 562 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 307.75 m 562 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 247.75 m 562 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 247.75 m 562 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 233.75 m 562 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 231.75 m 562 231.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.40 322.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 434.89 322.43 Td (ee Months Ended Mar) Tj ET Q q 0 0 0 rg BT 530.54 322.43 Td (ch 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.00 312.43 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 297.42 Td (OCI GP) Tj ET Q q 0 0 0 rg BT 83.45 297.42 Td (, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.50 297.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 297.42 Td (738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 282.42 Td (OCI Nitrogen B.V) Tj ET Q q 0 0 0 rg BT 125.02 282.42 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 282.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 267.42 Td (Iowa Fertilizer Company) Tj ET Q q 0 0 0 rg BT 151.70 267.42 Td (, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 267.42 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 252.42 Td (OCI USA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 252.42 Td (184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 237.42 Td (T) Tj ET Q q 0 0 0 rg BT 56.91 237.42 Td (otal selling, general and administrative expensesrelated party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.50 237.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 237.42 Td (958) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.05 713.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 85.53 713.25 Td (eements with OCI) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 693.9169921875 m 130.876953125 693.9169921875 l s q 0 0 0 rg BT 49.50 695.25 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 87.93 695.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 102.56 695.25 Td (eement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 671.25 Td (W) Tj ET Q q 0 0 0 rg BT 86.14 671.25 Td (e are party to an omnibus agreement with OCI, OCI USA, OCI GP) Tj ET Q q 0 0 0 rg BT 352.76 671.25 Td (, LLC and OCIB \(the Omnibus ) Tj ET Q q 0 0 0 rg BT 483.58 671.25 Td (Agreement\). ) Tj ET Q q 0 0 0 rg BT 540.59 671.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 88.12 659.25 Td (Agreement addresses certain aspects of the Partnership) Tj ET Q q 0 0 0 rg BT 310.81 659.25 Td (s relationship with OCI and OCI USA, including: \(i\)certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td (indemnification obligations, \(ii\)the provision by OCI USA) Tj ET Q q 0 0 0 rg BT 286.15 647.25 Td ( to the Partnership of certain services, including selling, general and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (administrative services and management and operating services relating to operating the Partnership) Tj ET Q q 0 0 0 rg BT 452.98 635.25 Td (s business, \(iii\)the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (Partnership) Tj ET Q q 0 0 0 rg BT 97.83 623.25 Td (s use of the name OCI and related marks and \(iv\)the allocation among the Partnership and OCI USA) Tj ET Q q 0 0 0 rg BT 511.04 623.25 Td ( of certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (tax attributes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 587.25 Td (Under the Omnibus ) Tj ET Q q 0 0 0 rg BT 158.33 587.25 Td (Agreement, OCI USA) Tj ET Q q 0 0 0 rg BT 246.92 587.25 Td ( has agreed to provide, or cause one or more of its af) Tj ET Q q 0 0 0 rg BT 456.94 587.25 Td (filiates to provide, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.25 Td (Partnership with such selling, general and administrative services and management and operating services as may be necessary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.25 Td (to manage and operate the business and af) Tj ET Q q 0 0 0 rg BT 217.87 563.25 Td (fairs of the Partnership. Pursuant to the Omnibus ) Tj ET Q q 0 0 0 rg BT 415.34 563.25 Td (Agreement, the Partnership has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.25 Td (agreed to reimburse OCI USA) Tj ET Q q 0 0 0 rg BT 170.58 551.25 Td ( for all reasonable direct or indirect costs and expenses incurred by OCI USA) Tj ET Q q 0 0 0 rg BT 479.66 551.25 Td ( or its af) Tj ET Q q 0 0 0 rg BT 512.52 551.25 Td (filiates in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.25 Td (connection with the provision of such services, including the compensation and employee benefits of employees of OCI USA) Tj ET Q q 0 0 0 rg BT 551.61 539.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.25 Td (its af) Tj ET Q q 0 0 0 rg BT 69.04 527.25 Td (filiates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 503.25 Td (W) Tj ET Q q 0 0 0 rg BT 86.14 503.25 Td (e incurred costs under this contracts, payable to OCI GP) Tj ET Q q 0 0 0 rg BT 309.97 503.25 Td (, LLC, in connection with reimbursement of providing selling, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.25 Td (general and administrative services and management and operating services to manage and operate the business and af) Tj ET Q q 0 0 0 rg BT 523.58 491.25 Td (fairs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.25 Td (the Partnership of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.09 479.25 Td ($4,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.59 479.25 Td ( during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.42 479.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.40 479.25 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.23 479.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.83 479.25 Td (. Of these amounts, the wages directly attributable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.25 Td (revenue-producing operations were included in cost of goods sold \(exclusive of depreciation\)related party and the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.25 Td (amounts incurred were included in selling, general and administrative expenserelated party) Tj ET Q q 0 0 0 rg BT 422.88 455.25 Td (. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.43 455.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.42 455.25 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.10 443.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.10 443.25 Td ($4,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.60 443.25 Td (, was recorded in costs of goods sold \(exclusive of depreciation\)related party and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.16 443.25 Td ($738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.16 443.25 Td (, was recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (in selling, general and administrative expenserelated party) Tj ET Q q 0 0 0 rg BT 291.82 431.25 Td (. ) Tj ET Q q 0 0 0 rg BT 296.27 431.25 Td (Accounts payablerelated party include amounts incurred but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.25 Td (unpaid to OCI GP) Tj ET Q q 0 0 0 rg BT 120.89 419.25 Td (, LLC of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.11 419.25 Td ($4,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.61 419.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.77 419.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.37 419.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 395.25 Td (As shown in the table above, the Partnership recorded amounts due to \(i\) OCI Nitrogen B.V) Tj ET Q q 0 0 0 rg BT 444.18 395.25 Td (., an indirect, wholly-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.25 Td (subsidiary of OCI, \(ii\) Iowa Fertilizer Company) Tj ET Q q 0 0 0 rg BT 240.75 383.25 Td (, an indirect, wholly-owned subsidiary of OCI, and \(iii\) OCI USA) Tj ET Q q 0 0 0 rg BT 503.77 383.25 Td ( in selling, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.25 Td (general and administrative expenserelated party as shown on the unaudited consolidated statement of operations, in relation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.25 Td (to of) Tj ET Q q 0 0 0 rg BT 67.93 359.25 Td (ficers) Tj ET Q q 0 0 0 rg BT 92.72 359.25 Td ( salaries, wages and travel expenses, shared services and asset management information technology maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.25 Td (expenses in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.42 347.25 Td ($220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.42 347.25 Td ( during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.24 347.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.23 347.25 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.05 347.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 347.25 Td (. ) Tj ET Q q 0 0 0 rg BT 371.10 347.25 Td (Accounts payablerelated party include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.25 Td (amounts incurred but unpaid to the aforementioned parties of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.93 335.25 Td ($245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.93 335.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.09 335.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.69 335.25 Td (.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (22) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 711.7669921875 m 190.203125 711.7669921875 l s q 0 0 0 rg BT 49.50 713.10 Td (Advances due fr) Tj ET Q q 0 0 0 rg BT 113.55 713.10 Td (om Related Parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 695.10 Td (Advances due from related parties represent unreimbursed expenses incurred on behalf of OCI and its af) Tj ET Q q 0 0 0 rg BT 495.22 695.10 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 527.25 695.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (advances are unsecured, non-interest bearing and are due on demand. ) Tj ET Q q 0 0 0 rg BT 328.83 683.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.27 683.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.87 683.10 Td (, the Partnership had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.57 683.10 Td ($145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.57 683.10 Td ( due from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (related parties. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 653.10 Td (Set forth below is a table showing the amounts due from the following related parties:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 614.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 614.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 584.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 584.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 554.60 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 554.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 628.6 m 535 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 628.6 m 535 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 614.6 m 535 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 614.6 m 535 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 539.6 m 535 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 525.6 m 535 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 523.6 m 535 523.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.00 633.28 Td (As of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.90 619.28 Td (Mar) Tj ET Q q 0 0 0 rg BT 470.60 619.28 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 604.27 Td (OCI N.V) Tj ET Q q 0 0 0 rg BT 88.52 604.27 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.50 604.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 604.27 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 589.27 Td (OCI Methanol Marketing, LLC \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 589.27 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 574.27 Td (Iowa Fertilizer Company) Tj ET Q q 0 0 0 rg BT 152.70 574.27 Td (, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 574.27 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 559.27 Td (OCI Fuels Limited \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 559.27 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 544.27 Td (OCI Fertilizer B.V) Tj ET Q q 0 0 0 rg BT 127.12 544.27 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 544.27 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 529.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 529.27 Td (otal advances due from related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.50 529.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 529.27 Td (145) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.00 Tf ET q 0 0 0 rg BT 77.50 511.90 Td (____________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 492.90 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 492.90 Td (OCI Methanol Marketing, LLC is an indirect, wholly-owned subsidiary of OCI. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 480.90 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 480.90 Td (OCI Fuels Limited is an indirect, wholly-owned subsidiary of OCI. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 449.5669921875 m 174.8466796875 449.5669921875 l s q 0 0 0 rg BT 49.50 450.90 Td (Related Party Sales - ) Tj ET Q q 0 0 0 rg BT 136.52 450.90 Td (Ammonia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 432.90 Td (On May 18, 2018, OCIB and Iowa Fertilizer Company entered into an ammonia marketing agreement with N-7, LLC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.90 Td (\(N-7\), a Delaware limited liability company that OCI owns an indirect 50% interest in, whose purpose is to market its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 408.90 Td (suppliers' \(including OCIB, Iowa Fertilizer Company and an unaf) Tj ET Q q 0 0 0 rg BT 311.90 408.90 Td (filiated third party\) commercial grade anhydrous ammonia ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 396.90 Td (and other products to third parties. ) Tj ET Q q 0 0 0 rg BT 189.56 396.90 Td (The initial term of the ammonia marketing agreement began on May 18, 2018 and ends on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.90 Td (December31, 2020 and can be renewed for an additional twenty-four month period upon the written agreement of both parties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.90 Td (at least 90 days in advance of the expiration of the initial term. Under the terms of the agreement, N-7 markets OCIB's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.90 Td (commercial grade anhydrous ammonia and pays OCIB an agreed upon index price, net of transportation \(that is, a netback ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.90 Td (arrangement\). N-7 is also paid a commission for the sale of ammonia. ) Tj ET Q q 0 0 0 rg BT 330.91 348.90 Td (The commission and transportation costs are recorded in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.90 Td (cost of goods sold \(exclusive of depreciation\)related party as these are fulfillment costs. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.82 336.90 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.81 336.90 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.90 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.10 324.90 Td (, we had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.20 324.90 Td ($7,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.70 324.90 Td ( of related party sales of ammonia to N-7. ) Tj ET Q q 0 0 0 rg BT 345.54 324.90 Td (Accounts receivablerelated party includes amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.90 Td (due from N-7 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.26 312.90 Td ($2,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.76 312.90 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.92 312.90 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.52 312.90 Td (. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.06 312.90 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.05 312.90 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.88 312.90 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.47 312.90 Td (, we recorded commission and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 300.90 Td (transportation costs due to N-7 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.14 300.90 Td ($536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.14 300.90 Td (. ) Tj ET Q q 0 0 0 rg BT 210.59 300.90 Td (Accounts payablerelated party includes amounts due to N-7 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.01 300.90 Td ($536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.01 300.90 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.17 300.90 Td (March31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.90 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 288.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 270.90 Td (On June 4, 2018, OCIB with Iowa Fertilizer Company) Tj ET Q q 0 0 0 rg BT 294.60 270.90 Td (, N-7 and an unaf) Tj ET Q q 0 0 0 rg BT 364.12 270.90 Td (filiated third party executed a letter agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.90 Td (\(the Letter ) Tj ET Q q 0 0 0 rg BT 97.81 258.90 Td (Agreement\) whereby Iowa Fertilizer Company pays all the costs associated with selling the commercial grade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.90 Td (anhydrous ammonia and OCIB reimburses Iowa Fertilizer Company for a portion of those fees, net of any commissions paid to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.90 Td (N-7. OCIB records these fees in cost of goods sold \(exclusive of depreciation\)related party) Tj ET Q q 0 0 0 rg BT 422.07 234.90 Td (. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.62 234.90 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.60 234.90 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.90 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.10 222.90 Td (, we recorded selling expense reimbursements due to Iowa Fertilizer Company of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.05 222.90 Td ($96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.05 222.90 Td (. ) Tj ET Q q 0 0 0 rg BT 460.50 222.90 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.90 Td (related party includes amounts due to Iowa Fertilizer Company for selling expense reimbursements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.94 210.90 Td ($85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.94 210.90 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.10 210.90 Td (March31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.90 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 198.90 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 167.56699218749998 m 175.0224609375 167.56699218749998 l s q 0 0 0 rg BT 49.50 168.90 Td (Related Party Sales - Methanol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 150.90 Td (On January 20, 2018, OCIB entered into a tolling agreement with OCI Fuels Limited \(OCI Fuels\). Under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.90 Td (agreement, OCIB char) Tj ET Q q 0 0 0 rg BT 139.56 138.90 Td (ges OCI Fuels a tolling fee to process the natural gas purchased and delivered to OCIB's facility by OCI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.90 Td (Fuels for the production of methanol. Natural gas received from OCI Fuels is recorded in cost of goods sold \(exclusive of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.90 Td (depreciation\)related party in the unaudited consolidated statement of operations as this relates directly to the production of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.90 Td (methanol. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.26 102.90 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.24 102.90 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.07 102.90 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.67 102.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.67 102.90 Td ($3,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.17 102.90 Td ( of natural gas was delivered to our facility by OCI Fuels for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.90 Td (the production of methanol. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.63 90.90 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.62 90.90 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.44 90.90 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.04 90.90 Td (, we had $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.14 90.90 Td (4,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.64 90.90 Td ( of related party sales of methanol ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.90 Td (to OCI Fuels. ) Tj ET Q q 0 0 0 rg BT 105.62 78.90 Td (Accounts receivablerelated party includes amounts due from OCI Fuels of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.53 78.90 Td (487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.53 78.90 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.69 78.90 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.28 78.90 Td (. ) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 713.10 Td (On November 26, 2018, OCIB entered into a methanol of) Tj ET Q q 0 0 0 rg BT 308.10 713.10 Td (ftake agreement with OCI Methanol Marketing, LLC \(OCI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (Methanol Marketing\), an indirect, wholly-owned subsidiary of OCI. Under the terms of the agreement, OCIB agreed to sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (and deliver methanol to OCI Methanol Marketing and OCI Methanol Marketing agreed to purchase and receive the methanol. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (The initial term of the methanol of) Tj ET Q q 0 0 0 rg BT 187.61 677.10 Td (ftake agreement began on November 26, 2018 and ends on December31, 2019 and will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (automatically renewed for successive period of one calendar year) Tj ET Q q 0 0 0 rg BT 310.64 665.10 Td (, except upon written notice on or before the 1st day of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (November of the year preceding the year for which the party will not renew) Tj ET Q q 0 0 0 rg BT 351.79 653.10 Td (. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.33 653.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.32 653.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.14 653.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.74 653.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (we had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.60 641.10 Td ($57,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.10 641.10 Td ( of related party sales of methanol to OCI Methanol Marketing. ) Tj ET Q q 0 0 0 rg BT 368.59 641.10 Td (Accounts receivablerelated party includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (amounts due from OCI Methanol Marketing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.30 629.10 Td ($17,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.80 629.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.96 629.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.55 629.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 611.10 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.05 611.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.03 611.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.86 611.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.46 611.10 Td (, and in order fulfill our contracted sales commitments during unplanned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.10 Td (downtime that occurred, OCIB entered into a methanol purchase and sales agreement with OCI Methanol Marketing, pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (to which, OCI Methanol Marketing agreed to sell and deliver a methanol volume of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.17 587.10 Td (37,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.67 587.10 Td ( metric tons, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td (OCIB agreed to purchase and receive the methanol volume. Under the terms of the agreement, OCIB purchased the methanol ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.10 Td (from OCI Methanol Marketing at the market spot price on the day of delivery to the Beaumont facility) Tj ET Q q 0 0 0 rg BT 459.01 563.10 Td (. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.56 563.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.54 563.10 Td ( months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.88 551.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.48 551.10 Td (, the cost of the methanol purchased from OCI Methanol Marketing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.57 551.10 Td ($12,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.07 551.10 Td ( was included in cost of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (goods sold \(exclusive of depreciation\)related party in the accompanying unaudited consolidated statements of operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (Accounts payablerelated party includes amounts due to OCI Methanol Marketing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.57 527.10 Td ($12,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.07 527.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.23 527.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.83 527.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 495.7669921875 m 122.6591796875 495.7669921875 l s q 0 0 0 rg BT 49.50 497.10 Td (Loans to ) Tj ET Q q 0 0 0 rg BT 86.55 497.10 Td (Affiliates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 479.10 Td (During March 2019, the Partnership agreed to provide OCI with an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.10 479.10 Td ($1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.60 479.10 Td ( intercompany note on an unsecured basis and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.10 Td (as a result, notes receivable-related party includes amounts due from OCI of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.89 467.10 Td ($1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.39 467.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.55 467.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 467.10 Td (. Borrowings under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.10 Td (the intercompany note accrue interest at a rate equal to the sum of \(i\)the rate per annum applicable to the ) Tj ET Q q 0 0 0 rg BT 472.75 455.10 Td (T) Tj ET Q q 0 0 0 rg BT 478.16 455.10 Td (erm Loan Facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.10 Td (\(including as such per annum rate fluctuated from time to time in accordance with the terms of the agreement governing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 431.10 Td (erm Loan Facility\) discussed in note 9\(a\), plus \(ii\)0.50%. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 413.10 Td (On September 28, 2018, the Partnership agreed to provide OCI Methanol Marketing with revolving loans on an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (unsecured basis with a maximum borrowing capacity of $50,000 and a maturity date of January1, 2020. Borrowings under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (facility accrue interest at a rate equal to the sum of \(i\)the rate per annum applicable to the ) Tj ET Q q 0 0 0 rg BT 411.66 389.10 Td (T) Tj ET Q q 0 0 0 rg BT 417.07 389.10 Td (erm Loan Facility \(including as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (such per annum rate fluctuated from time to time in accordance with the terms of the agreement governing the ) Tj ET Q q 0 0 0 rg BT 492.77 377.10 Td (T) Tj ET Q q 0 0 0 rg BT 498.18 377.10 Td (erm Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (Facility\) discussed in note 9\(a\), plus \(ii\)0.50%. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.07 365.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.05 365.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.88 365.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.48 365.10 Td (, OCI Methanol Marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (repaid all the principal withdrawals from the revolving facility and accrued interest due to the Partnership and as a result no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (amounts were due from OCI Methanol Marketing as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.05 341.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 341.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 323.10 Td (W) Tj ET Q q 0 0 0 rg BT 86.14 323.10 Td (e recorded interest income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.25 323.10 Td ($64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.25 323.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.63 323.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.61 323.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.44 323.10 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.04 323.10 Td ( for interest earned on the intercompany ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (notes due from OCI and revolving loan due from OCI Methanol Marketing. Interest income is presented as a component of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (interest expenserelated party) Tj ET Q q 0 0 0 rg BT 173.24 299.10 Td (, net in the accompanying unaudited consolidated statement of operations. Interest receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (related party of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.08 287.10 Td ($32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 287.10 Td ( is presented as a component of notes receivablerelated party in the accompanying unaudited consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (balance sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 257.10 Td () Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Note 1) Tj ET Q q 0 0 0 rg BT 76.44 713.25 Td (1 Commitments, Contingencies and Legal Pr) Tj ET Q q 0 0 0 rg BT 279.86 713.25 Td (oceedings) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 77.50 695.25 Td (Litigation: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.78 695.25 Td (In the ordinary course of business, we are, and will continue to be, involved in various claims and legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (proceedings, some of which are covered in whole or in part by insurance. ) Tj ET Q q 0 0 0 rg BT 345.05 683.25 Td (W) Tj ET Q q 0 0 0 rg BT 353.69 683.25 Td (e may not be able to predict the timing or outcome ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (of these or future claims and proceedings with certainty) Tj ET Q q 0 0 0 rg BT 271.55 671.25 Td (, and an unfavorable resolution of one or more of such matters could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (have a material adverse ef) Tj ET Q q 0 0 0 rg BT 153.70 659.25 Td (fect on our financial condition, results of operations or cash flows. Currently) Tj ET Q q 0 0 0 rg BT 459.36 659.25 Td (, we are not party to any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td (legal proceedings that, individually or in the aggregate, are reasonably possible to have a material adverse ef) Tj ET Q q 0 0 0 rg BT 483.04 647.25 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (financial condition, results of operations or cash flows.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 77.50 611.25 Td (Envir) Tj ET Q q 0 0 0 rg BT 99.35 611.25 Td (onmental: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.39 611.25 Td (The Partnership) Tj ET Q q 0 0 0 rg BT 208.76 611.25 Td (s facilities could be subject to potential environmental liabilities primarily relating to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (contamination caused by current and/or former operations at those facilities. Some environmental laws could impose on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.25 Td (Partnership the entire costs of cleanup regardless of fault, legality of the original disposal or ownership of the disposal site. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.25 Td (some cases, the governmental entity with jurisdiction could seek an assessment for damage to the natural resources caused by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.25 Td (contamination from those sites. ) Tj ET Q q 0 0 0 rg BT 177.35 563.25 Td (The Partnership had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.38 563.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.38 563.25 Td ( significant operating expenditures for environmental fines, penalties or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.25 Td (government-imposed remedial or corrective actions during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.91 551.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.32 551.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 77.50 527.25 Td (Contractual Pur) Tj ET Q q 0 0 0 rg BT 142.96 527.25 Td (chase Commitments: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.06 527.25 Td (W) Tj ET Q q 0 0 0 rg BT 237.70 527.25 Td (e are obligated to make payments under contractual purchase commitments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.25 Td (including unconditional purchase obligations. Our unconditional purchase obligation relates to the supply of hydrogen and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.25 Td (nitrogen. ) Tj ET Q q 0 0 0 rg BT 87.64 503.25 Td (These contracts require the purchase of minimum quantities of hydrogen and nitrogen at current market prices. ) Tj ET Q q 0 0 0 rg BT 533.14 503.25 Td (W) Tj ET Q q 0 0 0 rg BT 541.78 503.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.25 Td (have estimated our payment obligations under these existing contracts using current market prices and currently expect our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.25 Td (purchases to exceed our minimum payment obligations. Our obligations to make future payments under the hydrogen and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.25 Td (nitrogen supply contracts as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.75 467.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.35 467.25 Td ( are summarized in the following table:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 83.50 429.75 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 429.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 429.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 429.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 429.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 429.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 429.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 429.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 429.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 429.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 429.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 429.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 429.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 429.75 45.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 429.75 m 261.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 429.75 m 310.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 429.75 m 359.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 429.75 m 408.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 429.75 m 457.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 429.75 m 506.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 429.75 m 555.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 429.75 m 261.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 429.75 m 310.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 429.75 m 359.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 429.75 m 408.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 429.75 m 457.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 429.75 m 506.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 429.75 m 555.5 429.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.75 433.98 Td (T) Tj ET Q q 0 0 0 rg BT 234.72 433.98 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.50 433.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.50 433.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.50 433.98 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.50 433.98 Td (2022) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.50 433.98 Td (2023) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.20 433.98 Td (Ther) Tj ET Q q 0 0 0 rg BT 530.94 433.98 Td (eafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 419.42 Td (Purchase Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.00 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.10 419.42 Td (79,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.00 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.10 419.42 Td (14,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.10 419.42 Td (24,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.00 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.10 419.42 Td (20,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 419.42 Td (7,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.00 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 419.42 Td (7,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.00 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 419.42 Td (4,652) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 391.25 Td (T) Tj ET Q q 0 0 0 rg BT 82.91 391.25 Td (otal payments relating to our hydrogen and nitrogen supply contract were approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.47 391.25 Td ($8,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.97 391.25 Td ( during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.80 391.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.25 Td (months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.42 379.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 343.25 Td (Note 12 Other) Tj ET Q q 0 0 0 rg BT 122.36 343.25 Td ( liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 319.25 Td (The balance in other payables and accruals is comprised of the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 280.75 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 280.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 250.75 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 250.75 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 294.75 m 548 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 294.75 m 548 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 280.75 m 548 280.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 280.75 m 548 280.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 235.75 m 548 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 221.75 m 548 221.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 219.75 m 548 219.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.00 299.43 Td (As of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.90 285.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 483.60 285.43 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 270.42 Td (Accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 270.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.65 270.42 Td (2,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 255.42 Td (Cash collections from customers for trade receivables sold under the securitization program) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.65 255.42 Td (5,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 240.42 Td (Natural gas derivatives payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 240.42 Td (917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 225.42 Td (T) Tj ET Q q 0 0 0 rg BT 70.91 225.42 Td (otal other payables and accruals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 225.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.65 225.42 Td (8,999) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 197.25 Td (The balance in other non-current liabilities is comprised of the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 158.75 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 158.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 128.75 385.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 128.75 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 172.75 m 548 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 172.75 m 548 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 158.75 m 548 158.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 158.75 m 548 158.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 113.75 m 548 113.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 99.75 m 548 99.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 97.75 m 548 97.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.00 177.43 Td (As of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.90 163.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 483.60 163.43 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 148.42 Td (Deferred franchise tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 148.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.65 148.42 Td (3,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 133.42 Td (Right-of-use liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 133.42 Td (207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 118.42 Td (Natural gas derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.65 118.42 Td (5,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 103.42 Td (T) Tj ET Q q 0 0 0 rg BT 70.91 103.42 Td (otal non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 103.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.65 103.42 Td (8,851) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.50 760.60 Td (OCI P) Tj ET Q q 0 0 0 rg BT 288.26 760.60 Td (AR) Tj ET Q q 0 0 0 rg BT 302.35 760.60 Td (TNERS LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.05 742.60 Td (Notes to the Unaudited Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.75 730.60 Td (\(Dollars in thousands, except per unit data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Note 13 Subsequent Events) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 689.25 Td (The Partnership has evaluated all events or transactions that occurred after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.66 689.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.25 689.25 Td (, up through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.36 689.25 Td (May15, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.19 689.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (which is the date the Partnership issued the unaudited consolidated financial statements. During the period, the Partnership did ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (not have any material recognizable subsequent events.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (ITEM2.MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 238.69 740.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 262.31 740.25 Td (ANAL) Tj ET Q q 0 0 0 rg BT 289.72 740.25 Td (YSIS OF) Tj ET Q q 0 0 0 rg BT 327.98 740.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 386.59 740.25 Td ( CONDITION ) Tj ET Q q 0 0 0 rg BT 449.94 740.25 Td (AND RESUL) Tj ET Q q 0 0 0 rg BT 506.53 740.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 534.78 740.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (OPERA) Tj ET Q q 0 0 0 rg BT 83.76 728.25 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 710.25 Td (Y) Tj ET Q q 0 0 0 rg BT 83.72 710.25 Td (ou should read the following discussion and analysis of our financial condition, results of operations and cash flows in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 698.25 Td (conjunction with our unaudited consolidated financial statements and the related notes presented in this report as well as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 686.25 Td (unaudited consolidated financial statements and related notes, together with our discussion and analysis of financial condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 674.25 Td (and results of operations, included in our ) Tj ET Q q 0 0 0 rg BT 215.02 674.25 Td (Annual Report for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.64 674.25 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.22 674.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (FOR) Tj ET Q q 0 0 0 rg BT 70.26 644.25 Td (W) Tj ET Q q 0 0 0 rg BT 79.15 644.25 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 167.03 644.25 Td (A) Tj ET Q q 0 0 0 rg BT 173.51 644.25 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 626.25 Td (This report contains forward-looking statements. Statements that are predictive in nature, that depend upon or refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.25 Td (future events or conditions or that include the words will, believe, expect, anticipate, intend, estimate and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.25 Td (expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.25 Td (forward-looking statements. Our forward-looking statements include statements about our business strategy) Tj ET Q q 0 0 0 rg BT 480.14 590.25 Td (, our industry) Tj ET Q q 0 0 0 rg BT 533.10 590.25 Td (, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.25 Td (expected revenues, our future profitability) Tj ET Q q 0 0 0 rg BT 217.40 578.25 Td (, our expected capital expenditures \(including for maintenance or expansion projects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.25 Td (and environmental expenditures\) and the impact of such expenditures on our performance. ) Tj ET Q q 0 0 0 rg BT 413.91 566.25 Td (These statements involve known and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.25 Td (unknown risks, uncertainties and other factors, that may cause our actual results and performance to be materially dif) Tj ET Q q 0 0 0 rg BT 517.77 554.25 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.25 Td (from any future results or performance expressed or implied by these forward-looking statements. Such risks and uncertainties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (include, among other things:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 512.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 512.25 Td (the volatile nature of our business, our ability to remain profitable;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 494.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 494.25 Td (planned and unplanned downtime \(including in connection with maintenance turnarounds\), shutdowns \(either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 482.25 Td (temporary or permanent\) or restarts of existing methanol and ammonia facilities, including, without limitation, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 470.25 Td (timing and length of planned maintenance outages;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 452.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 452.25 Td (our ability to forecast our future financial condition or results of operations and our future revenues and expenses;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 434.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 434.25 Td (our reliance on a single facility for conducting our operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 416.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 416.25 Td (intense competition from other methanol and ammonia producers, including announcements by other producers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 404.25 Td (of their intentions to relocate, restart or construct methanol or ammonia plants in the ) Tj ET Q q 0 0 0 rg BT 442.94 404.25 Td (T) Tj ET Q q 0 0 0 rg BT 448.35 404.25 Td (exas Gulf Coast region or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 392.25 Td (elsewhere in the United States;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 374.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 374.25 Td (risks relating to our relationships with OCI or its af) Tj ET Q q 0 0 0 rg BT 308.01 374.25 Td (filiates, including competition from the 1.8 million metric ton ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 362.25 Td (methanol plant located in Beaumont, ) Tj ET Q q 0 0 0 rg BT 253.28 362.25 Td (T) Tj ET Q q 0 0 0 rg BT 258.69 362.25 Td (exas, Natgasoline, LLC \(Natgasoline\), an entity in which OCI indirectly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 350.25 Td (owns a 50% interest;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 332.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 332.25 Td (potential operating hazards from accidents, fire, severe weather) Tj ET Q q 0 0 0 rg BT 356.59 332.25 Td (, floods or other natural disasters;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 314.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 314.25 Td (the cyclical nature of our business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 296.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 296.25 Td (expected demand for methanol, ammonia and their derivatives;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 278.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 278.25 Td (expected methanol, ammonia and ener) Tj ET Q q 0 0 0 rg BT 257.42 278.25 Td (gy prices;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 260.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 260.25 Td (anticipated methanol and ammonia production rates at our plant;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 242.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 242.25 Td (our reliance on insurance policies that may not fully cover an accident or event that causes significant damage to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 230.25 Td (our facility or causes extended business interruption;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 212.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 212.25 Td (our reliance on natural gas delivered to us by our suppliers, including a subsidiary of Kinder Mor) Tj ET Q q 0 0 0 rg BT 491.83 212.25 Td (gan Ener) Tj ET Q q 0 0 0 rg BT 527.47 212.25 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 200.25 Td (Partners, L.P) Tj ET Q q 0 0 0 rg BT 154.33 200.25 Td (. \(Kinder Mor) Tj ET Q q 0 0 0 rg BT 214.41 200.25 Td (gan\); Houston Pipe Line Company) Tj ET Q q 0 0 0 rg BT 357.63 200.25 Td (, LP) Tj ET Q q 0 0 0 rg BT 373.92 200.25 Td ( \(Houston Pipe Line Company\), a subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 188.25 Td (of Ener) Tj ET Q q 0 0 0 rg BT 133.03 188.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 145.35 188.25 Td (T) Tj ET Q q 0 0 0 rg BT 151.10 188.25 Td (ransfer Partners, L.P) Tj ET Q q 0 0 0 rg BT 232.19 188.25 Td (. and BP) Tj ET Q q 0 0 0 rg BT 265.99 188.25 Td ( Ener) Tj ET Q q 0 0 0 rg BT 287.19 188.25 Td (gy Company) Tj ET Q q 0 0 0 rg BT 337.92 188.25 Td (, Inc. \(BP) Tj ET Q q 0 0 0 rg BT 380.32 188.25 Td ( Ener) Tj ET Q q 0 0 0 rg BT 401.52 188.25 Td (gy\), a subsidiary of BP) Tj ET Q q 0 0 0 rg BT 497.52 188.25 Td ( P) Tj ET Q q 0 0 0 rg BT 504.48 188.25 Td (.L.C.;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 170.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 170.25 Td (expected levels, timing and availability of economically priced natural gas and other feedstock supplies to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 158.25 Td (plant;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 140.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 140.25 Td (expected operating costs, including natural gas and other feedstock costs and logistics costs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 122.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 122.25 Td (expected new methanol or ammonia supply or restart of idled plant capacity and timing for start-up of new or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 110.25 Td (idled production facilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 92.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 92.25 Td (our expected capital expenditures;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 74.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 74.25 Td (the impact of regulatory developments on the demand for our products;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 56.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 56.25 Td (global and regional economic activity \(including industrial production levels\);) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 740.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 740.10 Td (the dependence of our operations on a few third-party suppliers, including providers of transportation services and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 728.10 Td (equipment;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 710.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 710.10 Td (the risk associated with changes, or potential changes, in governmental policies af) Tj ET Q q 0 0 0 rg BT 431.27 710.10 Td (fecting the agricultural industry;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 692.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 692.10 Td (the hazardous nature of our products, potential liability for accidents involving our products that cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 680.10 Td (interruption to our business, severe damage to property or injury to the environment and human health and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 668.10 Td (potential increased costs relating to the transport of our products;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 650.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 650.10 Td (our potential inability to obtain or renew permits;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 632.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 632.10 Td (existing and proposed environmental laws and regulations, including those relating to climate change, alternative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 620.10 Td (ener) Tj ET Q q 0 0 0 rg BT 120.53 620.10 Td (gy or fuel sources, and the end-use and application of our products;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 602.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 602.10 Td (new regulations concerning the transportation of hazardous chemicals, risks of terrorism and the security of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 590.10 Td (chemical manufacturing facilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 572.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 572.10 Td (our lack of asset and geographic diversification;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 554.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 554.10 Td (our dependence on a limited number of significant customers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 536.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 536.10 Td (our ability to comply with employee safety laws and regulations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 518.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 518.10 Td (our potential inability to successfully implement our business strategies, including the completion of significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 506.10 Td (capital programs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 488.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 488.10 Td (additional risks, compliance costs and liabilities from expansions or acquisitions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 470.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 470.10 Td (our reliance on our senior management team;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 452.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 452.10 Td (the potential shortage of skilled labor or loss of key personnel;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 434.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 434.10 Td (the risks associated with cyber security;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 416.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 416.10 Td (the risks involving derivatives and the ef) Tj ET Q q 0 0 0 rg BT 266.06 416.10 Td (fectiveness of our risk measurement and hedging activities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 398.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 398.10 Td (our ability to obtain debt or equity financing on satisfactory terms to fund additional acquisitions, expansion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 386.10 Td (projects, working capital requirements and the repayment or refinancing of indebtedness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 368.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 368.10 Td (restrictions in our debt agreements, including those on our ability to distribute cash or conduct our business; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 350.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 350.10 Td (changes in our treatment as a partnership for U.S. federal income or state tax purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 326.10 Td (Y) Tj ET Q q 0 0 0 rg BT 82.72 326.10 Td (ou should not place undue reliance on our forward-looking statements. ) Tj ET Q q 0 0 0 rg BT 367.37 326.10 Td (Although forward-looking statements reflect our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (good faith beliefs, forward-looking statements involve known and unknown risks, uncertainties and other factors, which may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.10 Td (cause our actual results, performance or achievements to dif) Tj ET Q q 0 0 0 rg BT 289.50 302.10 Td (fer materially from anticipated future results, performance or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.10 Td (achievements expressed or implied by such forward-looking statements. ) Tj ET Q q 0 0 0 rg BT 340.63 290.10 Td (W) Tj ET Q q 0 0 0 rg BT 349.27 290.10 Td (e undertake no obligation to publicly update or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 278.10 Td (revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.10 Td (otherwise, unless required by law) Tj ET Q q 0 0 0 rg BT 182.98 266.10 Td (.) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (OVER) Tj ET Q q 0 0 0 rg BT 78.04 742.25 Td (VIEW) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 86.14 724.25 Td (e are a Delaware limited partnership formed in February 2013 whose focus is on the production, marketing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.25 Td (distribution of methanol and anhydrous ammonia. Our production facility is strategically located on the U.S. Gulf Coast near ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (Beaumont, ) Tj ET Q q 0 0 0 rg BT 95.42 700.25 Td (T) Tj ET Q q 0 0 0 rg BT 100.83 700.25 Td (exas and commenced full operations during ) Tj ET Q q 0 0 0 rg BT 277.45 700.25 Td (August 2012. Our facility has pipeline connections to adjacent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.25 Td (customers, port access with dedicated methanol and ammonia import/export jetties, allowing us to ship both products along the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 676.25 Td (Gulf Coast, and truck loading facilities for both methanol and ammonia.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 652.25 Td (W) Tj ET Q q 0 0 0 rg BT 86.14 652.25 Td (e are currently one of the lar) Tj ET Q q 0 0 0 rg BT 199.23 652.25 Td (ger merchant methanol producers in the United States, with an annual methanol ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.25 Td (production design capacity of approximately 912,500 metric tons and an annual ammonia production design capacity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.25 Td (approximately 355,875 metric tons. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 604.25 Td (Both methanol and ammonia are global commodities that are essential building blocks for numerous end-use products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.25 Td (Methanol is a liquid petrochemical that is used in a variety of industrial and ener) Tj ET Q q 0 0 0 rg BT 371.45 592.25 Td (gy-related applications. ) Tj ET Q q 0 0 0 rg BT 467.62 592.25 Td (The primary use of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.25 Td (methanol is to make other chemicals, with approximately 37% of global methanol demand being used to produce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.25 Td (formaldehyde, acetic acid and a variety of other chemicals that form the foundation of a lar) Tj ET Q q 0 0 0 rg BT 413.61 568.25 Td (ge number of chemical derivatives. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.25 Td (These derivatives are used to produce a wide range of products, including adhesives for the lumber industry) Tj ET Q q 0 0 0 rg BT 480.11 556.25 Td (, plywood, particle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td (board and laminates, resins to treat paper and plastic products, and also paint and varnish removers, solvents for the textile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.25 Td (industry and polyester fibers for clothing and carpeting. Ener) Tj ET Q q 0 0 0 rg BT 293.41 532.25 Td (gy related applications consume approximately 35% of methanol ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.25 Td (demand. In recent years, there has been a strong demand for methanol in ener) Tj ET Q q 0 0 0 rg BT 359.47 520.25 Td (gy applications such as gasoline blending, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.25 Td (biodiesel and as a feedstock in the production of dimethyl ether \(DME\) and Methyl tertiary-butyl ether \(MTBE\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.25 Td (particularly in China. Methanol blending in gasoline is currently not permitted in the United States. Methanol-to-olefins ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.25 Td (\(MT) Tj ET Q q 0 0 0 rg BT 72.09 484.25 Td (O\) consumes the remaining 28% of global methanol demand. China methanol demand represents approximately 68% of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.25 Td (global methanol demand and the MT) Tj ET Q q 0 0 0 rg BT 197.34 472.25 Td (O segment in China represents approximately 45% of China's total demand. ) Tj ET Q q 0 0 0 rg BT 502.96 472.25 Td (Ammonia, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.25 Td (produced in anhydrous form \(containing no water\) from the reaction of nitrogen and hydrogen, constitutes the base feedstock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.25 Td (for nearly all of the world) Tj ET Q q 0 0 0 rg BT 155.30 448.25 Td (s nitrogen chemical production. In the United States, ammonia is primarily used as a feedstock to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.25 Td (produce nitrogen fertilizers, such as urea and ammonium sulfate, and is also directly applied to soil as a fertilizer) Tj ET Q q 0 0 0 rg BT 499.91 436.25 Td (. In addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.25 Td (ammonia is widely used in industrial applications, particularly in the ) Tj ET Q q 0 0 0 rg BT 326.20 424.25 Td (T) Tj ET Q q 0 0 0 rg BT 331.61 424.25 Td (exas Gulf Coast market, including in the production of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.25 Td (plastics, synthetic fibers, resins and numerous other chemical derivatives.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 388.25 Td (How ) Tj ET Q q 0 0 0 rg BT 71.82 388.25 Td (W) Tj ET Q q 0 0 0 rg BT 81.27 388.25 Td (e Evaluate Our) Tj ET Q q 0 0 0 rg BT 146.08 388.25 Td ( Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 370.25 Td (Our management uses a variety of financial and operating metrics to analyze our performance. ) Tj ET Q q 0 0 0 rg BT 457.99 370.25 Td (These metrics are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.25 Td (significant factors in assessing our results of operations and profitability and include capacity utilization and ) Tj ET Q q 0 0 0 rg BT 484.67 358.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 559.38 358.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.25 Td (\(as defined below\). ) Tj ET Q q 0 0 0 rg BT 128.73 346.25 Td (W) Tj ET Q q 0 0 0 rg BT 137.37 346.25 Td (e view these metrics as important factors in evaluating our profitability and frequently review these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.25 Td (measurements to analyze trends and make decisions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 316.25 Td (Capacity Utilization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 292.25 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.05 292.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.46 292.25 Td (, our ammonia and methanol production units were in operation for 73 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.25 Td (days and 77 days, respectively) Tj ET Q q 0 0 0 rg BT 170.76 280.25 Td (. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.31 280.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.72 280.25 Td (, the ammonia production unit experienced 1) Tj ET Q q 0 0 0 rg BT 544.46 280.25 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (days of unplanned downtime primarily due to the replacement of the syngas turbine with a new unit that has a higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.25 Td (horsepower rating, which has provided for a 3% to 4% increase in ammonia production rates. ) Tj ET Q q 0 0 0 rg BT 425.59 256.25 Td (The ammonia production unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (also experienced an additional 6 days of unplanned downtime due to insuf) Tj ET Q q 0 0 0 rg BT 346.18 244.25 Td (ficient steam supply caused by the methanol ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.25 Td (production unit downtime. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.92 232.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.33 232.25 Td (, the methanol production unit experienced 13 days ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.25 Td (of unplanned downtime due to the inspection, repair and replacement of leaking pigtails in the methanol reformer furnaces. ) Tj ET Q q 0 0 0 rg BT 544.33 220.25 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.25 Td (of these issues driving down time were resolved during the unplanned downtime. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 184.25 Td (W) Tj ET Q q 0 0 0 rg BT 86.14 184.25 Td (e produced approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.04 184.25 Td (69,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.54 184.25 Td ( metric tons of ammonia and approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.99 184.25 Td (189,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.49 184.25 Td ( metric tons of methanol during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.22 172.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.63 172.25 Td (, representing capacity utilization rates of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.61 172.25 Td (79%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.94 172.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.38 172.25 Td (84%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.71 172.25 Td ( for the ammonia and methanol ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.25 Td (production units, respectively) Tj ET Q q 0 0 0 rg BT 167.43 160.25 Td (.) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 724.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 152.22 724.25 Td ( is defined as net income plusinterest expense and other financing costs, interest incomerelated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.25 Td (party) Tj ET Q q 0 0 0 rg BT 69.40 712.25 Td (, income tax benefit,depreciation expense, unrealized natural gas hedging gain, net, and other adjustments that are unusual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (or infrequent or are not indicative of ongoing operational performance. ) Tj ET Q q 0 0 0 rg BT 335.23 700.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 409.94 700.25 Td ( is used as a supplemental financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.25 Td (measure by management and by external users of our financial statements, such as investors and commercial banks, to assess:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 670.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 670.25 Td (the financial performance of our assets without regard to financing methods, capital structure or historical cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 658.25 Td (basis; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 640.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 640.25 Td (our operating performance and return on invested capital compared to other companies in our industry) Tj ET Q q 0 0 0 rg BT 512.16 640.25 Td (, without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 628.25 Td (regard to financing methods and capital structure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 598.25 Td (In addition, ) Tj ET Q q 0 0 0 rg BT 124.55 598.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 199.27 598.25 Td ( with certain adjustments is a component of certain covenants under the credit agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (governing the ) Tj ET Q q 0 0 0 rg BT 107.08 586.25 Td (T) Tj ET Q q 0 0 0 rg BT 112.49 586.25 Td (erm Loan Facility) Tj ET Q q 0 0 0 rg BT 183.49 586.25 Td (. ) Tj ET Q q 0 0 0 rg BT 187.94 586.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 262.65 586.25 Td ( should not be considered as an alternative to net income, operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (income, net cash provided by operating activities or any other measure of financial performance or liquidity presented in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.25 Td (accordance with GAAP) Tj ET Q q 0 0 0 rg BT 143.36 562.25 Td (. ) Tj ET Q q 0 0 0 rg BT 147.81 562.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 222.52 562.25 Td ( may have material limitations as a performance measure because it excludes items ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.25 Td (that are necessary elements of our costs and operations. In addition, ) Tj ET Q q 0 0 0 rg BT 321.92 550.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 396.63 550.25 Td ( presented by other companies may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.25 Td (be comparable to our presentation because each company may define ) Tj ET Q q 0 0 0 rg BT 328.83 538.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 403.54 538.25 Td ( dif) Tj ET Q q 0 0 0 rg BT 416.97 538.25 Td (ferently) Tj ET Q q 0 0 0 rg BT 447.42 538.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (SELECTED FINANCIAL) Tj ET Q q 0 0 0 rg BT 161.47 514.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 177.67 514.25 Td (T) Tj ET Q q 0 0 0 rg BT 183.60 514.25 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 496.25 Td (The following table includes selected summary financial data for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.62 496.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.03 496.25 Td (. ) Tj ET Q q 0 0 0 rg BT 503.85 496.25 Td (The data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.25 Td (below should be read in conjunction with our unaudited consolidated financial statements and the notes thereto included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.25 Td (elsewhere in this report. ) Tj ET Q q 0 0 0 rg BT 147.90 472.25 Td (The data below is in thousands, except for production, capacity utilization rates, and natural gas pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.25 Td (which is shown in $ per MMBtu.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 138.00 395.75 231.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 395.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 395.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 138.00 365.75 231.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 365.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 365.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 138.00 335.75 231.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 335.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 335.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 138.00 305.75 231.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 305.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 305.75 4.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 425.75 m 469 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 305.75 m 469 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 305.75 m 469 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 291.75 m 469 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 289.75 m 469 289.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.50 440.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 389.99 440.43 Td (ee Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.90 430.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 404.60 430.43 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 415.42 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.50 400.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 400.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 400.42 Td (5,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.50 385.42 Td (Add:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 370.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 370.42 Td (8,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 355.42 Td (Interest incomerelated party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 355.47 Td (\(64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 355.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 340.42 Td (Income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 340.47 Td (\(187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 340.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 325.42 Td (Depreciation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 325.42 Td (15,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 310.42 Td (Unrealized natural gas hedging gain, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 310.47 Td (\(485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 310.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.50 295.42 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.50 295.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 295.42 Td (28,542) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 279.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 204.75 250.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 204.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.00 204.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 204.75 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 204.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 204.75 85.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 233.75 m 384 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 233.75 m 388 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 233.75 m 473 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 233.75 m 477 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 233.75 m 562 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 219.75 m 384 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384 219.75 m 388 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 219.75 m 473 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 219.75 m 477 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 219.75 m 562 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 219.75 m 384 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 219.75 m 473 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 219.75 m 562 219.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.70 248.58 Td (Pr) Tj ET Q q 0 0 0 rg BT 328.07 248.58 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 238.42 Td (\(in metric tons\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.30 258.43 Td (Capacity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 248.43 Td (Utilization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.85 238.43 Td (Rate ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 431.34 242.96 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.59 238.43 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.09 238.43 Td (\(%\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.95 258.58 Td (Price of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.35 248.58 Td (Natural Gas ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 545.35 253.11 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 238.42 Td (\($ per MMBtu\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.05 224.43 Td (For) Tj ET Q q 0 0 0 rg BT 364.42 224.43 Td ( the ) Tj ET Q q 0 0 0 rg BT 382.57 224.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 399.05 224.43 Td (ee Months Mar) Tj ET Q q 0 0 0 rg BT 464.41 224.43 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 209.42 Td (Ammonia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.25 209.42 Td (69,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 209.42 Td (79%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.50 209.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 209.42 Td (3.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 194.42 Td (Methanol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.75 194.42 Td (189,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 194.42 Td (84%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.50 194.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 194.42 Td (3.22) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 166.25 Td (Calculated by total production volumes for a production unit for a given period, divided by the production capacity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 154.25 Td (that production unit. Production capacity is determined by the product of the daily maximum production capacity for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 142.25 Td (production unit and the number of days during a period, excluding planned downtime. Daily design capacity is 975 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 130.25 Td (metric tons per day for our ammonia production unit and 2,500 metric tons per day for our methanol production unit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 118.25 Td (A) Tj ET Q q 0 0 0 rg BT 82.98 118.25 Td (verage purchase price of natural gas \($ per MMBtu\) which is the Houston Ship Channel price plus a delivery fee, for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 106.25 Td (given period and adjusted for the value of any natural gas hedging transactions.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (THE RESUL) Tj ET Q q 0 0 0 rg BT 105.54 740.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 133.79 740.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 170.55 740.25 Td (TIONS FOR ) Tj ET Q q 0 0 0 rg BT 227.60 740.25 Td (THE ) Tj ET Q q 0 0 0 rg BT 251.04 740.25 Td (THREE MONTHS ENDED MARCH 31, 2019 COMP) Tj ET Q q 0 0 0 rg BT 481.69 740.25 Td (ARED ) Tj ET Q q 0 0 0 rg BT 512.34 740.25 Td (T) Tj ET Q q 0 0 0 rg BT 518.83 740.25 Td (O ) Tj ET Q q 0 0 0 rg BT 528.93 740.25 Td (THE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (THREE MONTHS ENDED MARCH 31, 2018:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.25 Td (Revenues) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 627.75 315.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 627.75 97.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 627.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 627.75 97.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 657.75 m 461 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 657.75 m 465 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 657.75 m 562 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 657.75 m 461 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 642.75 m 461 642.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 657.75 m 465 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 657.75 m 562 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 642.75 m 562 642.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.90 672.43 Td (For) Tj ET Q q 0 0 0 rg BT 431.27 672.43 Td ( the ) Tj ET Q q 0 0 0 rg BT 449.42 672.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 465.90 672.43 Td (ee Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.00 662.43 Td (Ended Mar) Tj ET Q q 0 0 0 rg BT 474.99 662.43 Td (ch 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.50 647.43 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 647.43 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 632.42 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 617.42 Td (T) Tj ET Q q 0 0 0 rg BT 56.91 617.42 Td (otal Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.50 617.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 617.42 Td (93,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.50 617.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 617.42 Td (1) Tj ET Q q 0 0 0 rg BT 530.65 617.42 Td (17,346) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 549.75 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 549.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 549.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 549.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 549.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 549.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 549.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 549.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 519.75 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 519.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 519.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 519.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 519.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 519.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 519.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 519.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 489.75 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 489.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 489.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 489.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 489.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 489.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 489.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 489.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 578.75 m 355 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 578.75 m 359 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 578.75 m 424 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 578.75 m 493 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 578.75 m 497 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 578.75 m 562 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 564.75 m 355 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 578.75 m 359 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 578.75 m 424 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 564.75 m 424 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 564.75 m 493 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 578.75 m 497 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 578.75 m 562 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 564.75 m 562 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 489.75 m 424 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 475.75 m 424 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 473.75 m 424 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 489.75 m 562 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 475.75 m 562 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 473.75 m 562 473.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.75 593.43 Td (For) Tj ET Q q 0 0 0 rg BT 310.12 593.43 Td ( the ) Tj ET Q q 0 0 0 rg BT 328.27 593.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 344.75 593.43 Td (ee Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.90 583.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 342.60 583.43 Td (ch 31, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.35 593.43 Td (For) Tj ET Q q 0 0 0 rg BT 447.72 593.43 Td ( the ) Tj ET Q q 0 0 0 rg BT 465.87 593.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 482.35 593.43 Td (ee-Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.90 583.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 480.60 583.43 Td (ch 31, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.80 569.43 Td (Metric ) Tj ET Q q 0 0 0 rg BT 328.07 569.43 Td (T) Tj ET Q q 0 0 0 rg BT 334.19 569.43 Td (ons) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 569.43 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.80 569.43 Td (Metric ) Tj ET Q q 0 0 0 rg BT 466.07 569.43 Td (T) Tj ET Q q 0 0 0 rg BT 472.19 569.43 Td (ons) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.15 569.43 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 554.42 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 554.42 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 539.42 Td (T) Tj ET Q q 0 0 0 rg BT 57.26 539.42 Td (otal Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 524.42 Td (Ammonia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 524.42 Td (61.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 524.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 524.42 Td (17,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 524.42 Td (73.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 524.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 524.42 Td (23,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 509.42 Td (Methanol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 509.42 Td (222.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 509.42 Td (75,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 509.42 Td (234.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 509.42 Td (94,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 494.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 494.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 494.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 494.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 494.42 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 479.42 Td (T) Tj ET Q q 0 0 0 rg BT 56.91 479.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 479.42 Td (283.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 479.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 479.42 Td (93,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 479.42 Td (307.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 479.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 479.42 Td (1) Tj ET Q q 0 0 0 rg BT 530.65 479.42 Td (17,346) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 463.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 449.25 Td (Our revenues and revenuesrelated party \(T) Tj ET Q q 0 0 0 rg BT 261.99 449.25 Td (otal Revenues\) were approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.82 449.25 Td ($93.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.32 449.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.09 449.25 Td (three months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.25 Td (ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.48 437.25 Td ( and approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.17 437.25 Td ($1) Tj ET Q q 0 0 0 rg BT 228.80 437.25 Td (17.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.30 437.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.07 437.25 Td (three months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.48 437.25 Td (. Our methanol revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (were approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.69 425.25 Td ($76.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.19 425.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.96 425.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.37 425.25 Td ( compared to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.33 425.25 Td ($94.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.83 425.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (three months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.91 413.25 Td (. Our ammonia revenues were approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.90 413.25 Td ($17.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.40 413.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.17 413.25 Td (three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.25 Td (March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.10 401.25 Td ( and approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.80 401.25 Td ($23.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.30 401.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.06 401.25 Td (three months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.47 401.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 377.25 Td (W) Tj ET Q q 0 0 0 rg BT 86.14 377.25 Td (e sold approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.50 377.25 Td (222,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.00 377.25 Td ( metric tons of methanol during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.58 377.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.99 377.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 365.25 Td (234,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.26 365.25 Td ( metric tons of methanol during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.84 365.25 Td (three months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.25 365.25 Td (. ) Tj ET Q q 0 0 0 rg BT 435.07 365.25 Td (The average sales prices for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (methanol during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.54 353.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.95 353.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.50 353.25 Td ($342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.50 353.25 Td ( per metric ton compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.79 353.25 Td ($401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.79 353.25 Td ( per metric ton for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.75 353.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.42 341.25 Td (. Sales of methanol comprised approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.99 341.25 Td (82%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.32 341.25 Td ( of our ) Tj ET Q q 0 0 0 rg BT 402.30 341.25 Td (T) Tj ET Q q 0 0 0 rg BT 407.71 341.25 Td (otal Revenues for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.46 341.25 Td (three months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.48 329.25 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.18 329.25 Td (80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.51 329.25 Td ( of our ) Tj ET Q q 0 0 0 rg BT 241.49 329.25 Td (T) Tj ET Q q 0 0 0 rg BT 246.90 329.25 Td (otal Revenues for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 329.25 Td (three months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.06 329.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 305.25 Td (Set forth below is a table showing average methanol sales prices per metric ton, per quarter for the previous five fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (quarters.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 254.75 365.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 254.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 254.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 254.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 224.75 365.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 224.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 224.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 224.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 194.75 365.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 194.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 194.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 194.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 268.75 m 489 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 268.75 m 493 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 268.75 m 563 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 268.75 m 489 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 254.75 m 489 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 268.75 m 493 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 268.75 m 563 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 254.75 m 563 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 254.75 m 489 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 254.75 m 563 254.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.40 273.43 Td (A) Tj ET Q q 0 0 0 rg BT 429.88 273.43 Td (verage Methanol Sales Prices) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.00 259.43 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.00 259.43 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 244.42 Td (For the ) Tj ET Q q 0 0 0 rg BT 83.43 244.42 Td (Three Months Ended:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 229.42 Td (March 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.50 229.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 229.42 Td (342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 229.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 229.42 Td (401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 214.42 Td (June 30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.50 214.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 214.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 214.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 214.42 Td (401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 199.42 Td (September 30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.50 199.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 199.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 199.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 199.42 Td (395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 184.42 Td (December 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.50 184.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 184.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 184.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 184.42 Td (400) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 726.10 Td (W) Tj ET Q q 0 0 0 rg BT 86.14 726.10 Td (e sold approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.50 726.10 Td (61,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 726.10 Td ( metric tons of ammonia during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.58 726.10 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.99 726.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 714.10 Td (73,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.26 714.10 Td ( metric tons of ammonia during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.84 714.10 Td (three months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.25 714.10 Td (. ) Tj ET Q q 0 0 0 rg BT 430.07 714.10 Td (The average sales price for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.10 Td (ammonia during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.54 702.10 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.95 702.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.50 702.10 Td ($281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.50 702.10 Td ( per metric ton compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.79 702.10 Td ($317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.79 702.10 Td ( per metric ton for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.75 702.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.10 Td (months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.42 690.10 Td (. Sales of ammonia comprised approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.99 690.10 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.32 690.10 Td ( of our ) Tj ET Q q 0 0 0 rg BT 402.30 690.10 Td (T) Tj ET Q q 0 0 0 rg BT 407.71 690.10 Td (otal Revenues for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.46 690.10 Td (three months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.10 Td (ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.48 678.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.18 678.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.51 678.10 Td ( of our ) Tj ET Q q 0 0 0 rg BT 241.49 678.10 Td (T) Tj ET Q q 0 0 0 rg BT 246.90 678.10 Td (otal Revenues for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 678.10 Td (three months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.06 678.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 654.10 Td (Set forth below is a table showing average ammonia sales prices per metric ton, per quarter for the previous five fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.10 Td (quarters.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 603.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 603.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 603.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 603.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 573.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 573.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 573.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 573.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 543.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 543.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 543.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 543.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 617.6 m 489 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 617.6 m 489 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 603.6 m 489 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 617.6 m 493 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 617.6 m 563 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 603.6 m 563 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 603.6 m 489 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 603.6 m 563 603.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.10 622.28 Td (A) Tj ET Q q 0 0 0 rg BT 431.58 622.28 Td (verage ) Tj ET Q q 0 0 0 rg BT 461.84 622.28 Td (Ammonia Sales Prices) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.00 608.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.00 608.28 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 593.27 Td (For the ) Tj ET Q q 0 0 0 rg BT 83.43 593.27 Td (Three Months Ended:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 578.27 Td (March 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 578.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 578.27 Td (281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 578.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 578.27 Td (317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 563.27 Td (June 30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 563.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 563.27 Td (260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 548.27 Td (September 30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 548.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 548.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 548.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 548.27 Td (288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 533.27 Td (December 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 533.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 533.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 533.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 533.27 Td (327) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Cost of Sales \(exclusive of depr) Tj ET Q q 0 0 0 rg BT 181.25 740.25 Td (eciation\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 669.75 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 669.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 669.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 669.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 669.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 669.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 669.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 669.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 639.75 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 639.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 639.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 639.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 639.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 639.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 639.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 639.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 609.75 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 609.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 609.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 609.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 609.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 609.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 609.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 609.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 579.75 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 579.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 579.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 579.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 579.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 579.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 579.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 579.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 549.75 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 549.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 549.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 549.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 549.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 549.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 549.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 549.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 693.75 m 355 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 693.75 m 359 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 693.75 m 424 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 693.75 m 493 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 693.75 m 497 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 693.75 m 562 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 669.75 m 355 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 693.75 m 359 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 693.75 m 424 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 669.75 m 424 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 669.75 m 493 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 693.75 m 497 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 693.75 m 562 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 669.75 m 562 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 669.75 m 355 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 669.75 m 424 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 669.75 m 493 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 669.75 m 562 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 549.75 m 355 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 535.75 m 355 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 533.75 m 355 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 549.75 m 493 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 535.75 m 493 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 533.75 m 493 533.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.75 708.43 Td (For) Tj ET Q q 0 0 0 rg BT 310.12 708.43 Td ( the ) Tj ET Q q 0 0 0 rg BT 328.27 708.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 344.75 708.43 Td (ee Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.65 698.43 Td ( Mar) Tj ET Q q 0 0 0 rg BT 343.85 698.43 Td (ch 31, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.35 708.43 Td (For) Tj ET Q q 0 0 0 rg BT 447.72 708.43 Td ( the ) Tj ET Q q 0 0 0 rg BT 465.87 708.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 482.35 708.43 Td (ee-Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.90 698.43 Td (Mar) Tj ET Q q 0 0 0 rg BT 480.60 698.43 Td (ch 31, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.55 684.43 Td ($ in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.80 674.43 Td (thousands) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.95 674.43 Td (% of ) Tj ET Q q 0 0 0 rg BT 392.19 674.43 Td (T) Tj ET Q q 0 0 0 rg BT 398.31 674.43 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.55 684.43 Td ($ in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.80 674.43 Td (thousands) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.95 674.43 Td (% of ) Tj ET Q q 0 0 0 rg BT 530.10 674.43 Td (T) Tj ET Q q 0 0 0 rg BT 535.85 674.43 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 659.42 Td (Natural Gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 659.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 659.42 Td (27,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 659.42 Td (45.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 659.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 659.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 659.42 Td (31,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 659.42 Td (59.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 659.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 644.42 Td (Hydrogen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 644.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 644.42 Td (6,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 644.42 Td (10.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 644.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 644.42 Td (5,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 644.42 Td (9.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 629.42 Td (Nitrogen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 629.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 629.42 Td (1,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 629.42 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 629.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 629.42 Td (1,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 629.42 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 614.42 Td (Maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 614.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 614.42 Td (5,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 614.42 Td (9.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 614.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 614.42 Td (3,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 614.42 Td (7.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 599.42 Td (Labor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 599.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 599.42 Td (4,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 599.42 Td (6.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 599.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 599.42 Td (3,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 599.42 Td (6.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 584.42 Td (Procured methanol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 584.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 584.42 Td (12,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 584.42 Td (20.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 584.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 584.42 Td (1,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 584.42 Td (1.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 569.42 Td (Unrealized gain on natural gas derivatives, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 569.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.80 569.47 Td (\(485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 569.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.30 569.47 Td (\(0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 569.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 569.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 569.47 Td (\(987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 569.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.30 569.47 Td (\(1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 569.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 554.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 554.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 554.42 Td (3,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 554.42 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 554.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 554.42 Td (7,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 554.42 Td (13.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 539.42 Td (T) Tj ET Q q 0 0 0 rg BT 70.41 539.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 539.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 539.42 Td (60,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 539.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 539.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 539.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 539.42 Td (53,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 539.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 539.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 509.25 Td (T) Tj ET Q q 0 0 0 rg BT 82.91 509.25 Td (otal Cost of Goods Sold \(exclusive of depreciation\) was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.51 509.25 Td ($60.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.01 509.25 Td ( million and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.84 509.25 Td (65%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.17 509.25 Td ( of ) Tj ET Q q 0 0 0 rg BT 474.32 509.25 Td (T) Tj ET Q q 0 0 0 rg BT 479.73 509.25 Td (otal Revenue for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.91 497.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.85 497.25 Td ($53.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.35 497.25 Td ( million and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.18 497.25 Td (46%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.51 497.25 Td ( of ) Tj ET Q q 0 0 0 rg BT 320.66 497.25 Td (T) Tj ET Q q 0 0 0 rg BT 326.07 497.25 Td (otal Revenue for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.92 497.25 Td (three months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.33 497.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (Cost of Goods Sold \(exclusive of depreciation\) was higher than the comparable period due to an increase in procured finished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (product. During periods of unplanned downtime, we procure finished product in order to fulfill contracted sales commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (to our customers. ) Tj ET Q q 0 0 0 rg BT 120.97 461.25 Td (The purchase price of natural gas was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.78 461.25 Td ($3.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.28 461.25 Td ( per MMBtu during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.10 461.25 Td (three months ended March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.25 Td (31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 449.25 Td ( and approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.20 449.25 Td ($3.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.70 449.25 Td ( per MMBtu during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.52 449.25 Td (three months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.93 449.25 Td (, a decrease of 2%. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 425.25 Td (Set forth below is a table showing our purchase price for natural gas per MMBtu, per quarter for the previous five fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (quarters.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 374.75 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 374.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 374.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 374.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 344.75 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 344.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 344.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 344.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 314.75 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 314.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 314.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 314.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 388.75 m 489 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 388.75 m 493 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 388.75 m 563 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 374.75 m 489 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 388.75 m 493 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 388.75 m 563 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 374.75 m 563 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 374.75 m 489 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 374.75 m 563 374.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.55 393.43 Td (Natural Gas Pur) Tj ET Q q 0 0 0 rg BT 500.48 393.43 Td (chase Prices) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.00 379.43 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.00 379.43 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 364.42 Td (For the ) Tj ET Q q 0 0 0 rg BT 83.43 364.42 Td (Three-Months Ended:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 349.42 Td (March 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 349.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 349.42 Td (3.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 349.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 349.42 Td (3.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 334.42 Td (June 30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 334.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 334.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 334.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 334.42 Td (3.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 319.42 Td (September 30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 319.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 319.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 319.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 319.42 Td (3.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 304.42 Td (December 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 304.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 304.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 304.42 Td (3.49) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 276.25 Td (Depr) Tj ET Q q 0 0 0 rg BT 70.98 276.25 Td (eciation Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 258.25 Td (Depreciation expense was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.66 258.25 Td ($15.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.16 258.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.93 258.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.34 258.25 Td ( and approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.25 Td ($15.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 246.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.77 246.25 Td (three months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.18 246.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 222.25 Td (Selling, General and ) Tj ET Q q 0 0 0 rg BT 138.40 222.25 Td (Administrative Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 204.25 Td (Our selling, general and administrative expenses were approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.57 204.25 Td ($2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.07 204.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.84 204.25 Td (three months ended March 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 192.25 Td ( and approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.20 192.25 Td ($2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.70 192.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.47 192.25 Td (three months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.88 192.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 168.25 Td (Our selling, general and administrative expensesrelated party were approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.82 168.25 Td ($1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.32 168.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.09 168.25 Td (three months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.25 Td (ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.48 156.25 Td ( and approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.17 156.25 Td ($2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.67 156.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.44 156.25 Td (three months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.85 156.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 132.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 70.98 132.25 Td (est Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 114.25 Td (Interest expense was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 114.25 Td ($8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.50 114.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.27 114.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.68 114.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.12 114.25 Td ($5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.62 114.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.25 Td (three months ended March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.91 102.25 Td (. ) Tj ET Q q 0 0 0 rg BT 198.36 102.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.80 102.25 Td (March31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.40 102.25 Td (, we had $450.5 million in principal outstanding under the ) Tj ET Q q 0 0 0 rg BT 521.18 102.25 Td (T) Tj ET Q q 0 0 0 rg BT 526.59 102.25 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.25 Td (Loan Facility that accrues interest at a rate of 4.00% plus LIBOR. ) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (CASH FLOWS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 722.25 Td (Our profits, operating cash flows and cash available for distribution are subject to changes in the prices of our products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 710.25 Td (and natural gas, which is our primary feedstock. Our products and feedstocks are commodities and, as such, their prices can be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 698.25 Td (volatile in response to numerous factors outside of our control.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 674.25 Td (The following table summarizes our unaudited consolidated statements of cash flows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 609.75 394.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 609.75 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 579.75 394.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 579.75 120.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 639.75 m 564 639.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.90 654.43 Td (For) Tj ET Q q 0 0 0 rg BT 472.27 654.43 Td ( the ) Tj ET Q q 0 0 0 rg BT 490.42 654.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 506.90 654.43 Td (ee Months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.75 644.43 Td (Ended Mar) Tj ET Q q 0 0 0 rg BT 504.74 644.43 Td (ch 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.50 629.42 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 614.42 Td (Net cash provided by \(used in\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 599.42 Td (Operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 599.42 Td (29,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 584.42 Td (Investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 584.42 Td (6,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 569.42 Td (Financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.30 569.47 Td (\(37,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.15 569.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 554.42 Td (Net decrease in cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 554.47 Td (\(1,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.15 554.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.50 550.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 95.33 530.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 512.25 Td (Net cash provided by operating activities for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.99 512.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.40 512.25 Td ( was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.21 512.25 Td ($29.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.71 512.25 Td ( million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 500.25 Td (e had a net income of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.69 500.25 Td ($5.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.19 500.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.57 500.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.98 500.25 Td (. During this period, we recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (depreciation expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.96 488.25 Td ($15.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.46 488.25 Td ( million, amortization of debt issuance costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.14 488.25 Td ($0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.64 488.25 Td ( million and a non-cash gain on natural gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (derivatives of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.70 476.25 Td ($0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.20 476.25 Td ( million. ) Tj ET Q q 0 0 0 rg BT 160.04 476.25 Td (Accounts receivable and accounts receivablerelated party) Tj ET Q q 0 0 0 rg BT 398.99 476.25 Td (, which is approximately equal to one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (month of revenue, collectively decreased by $9.5 million during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.31 464.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.72 464.25 Td (. ) Tj ET Q q 0 0 0 rg BT 472.54 464.25 Td (The decrease in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.25 Td (accounts receivable and accounts receivablerelated party is due to the decrease in our average ammonia and methanol sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.25 Td (prices. Inventories increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.62 440.25 Td ($3.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.12 440.25 Td ( million due to an increase in the quantity of ammonia and methanol on hand. ) Tj ET Q q 0 0 0 rg BT 508.26 440.25 Td (Advances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (due from related parties decreased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.65 428.25 Td ($12.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.15 428.25 Td ( million due to the repayment of expenses that were incurred on behalf of OCI and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (its af) Tj ET Q q 0 0 0 rg BT 69.04 416.25 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 100.70 416.25 Td (Accounts payable decreased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.97 416.25 Td ($6.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.47 416.25 Td ( million due to the use of operating cash flows to reduce our accounts payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (balances. ) Tj ET Q q 0 0 0 rg BT 88.37 404.25 Td (Accounts payablerelated party increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.24 404.25 Td ($10.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.74 404.25 Td ( million due to the purchase of methanol from OCI Methanol ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (Marketing. Other payables, accruals, and current liabilities decreased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.05 392.25 Td ($15.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.55 392.25 Td ( million due to the reduction of invoices sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (under the trade receivables securitization program. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (Investing ) Tj ET Q q 0 0 0 rg BT 90.90 356.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 338.25 Td (Net cash used in investing activities was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.89 338.25 Td ($6.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.39 338.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.16 338.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.57 338.25 Td (. Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.25 Td (to af) Tj ET Q q 0 0 0 rg BT 67.37 326.25 Td (filiates decreased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.49 326.25 Td ($10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.99 326.25 Td ( million due to repayments received from OCI and OCI Methanol Marketing. ) Tj ET Q q 0 0 0 rg BT 485.68 326.25 Td (W) Tj ET Q q 0 0 0 rg BT 494.31 326.25 Td (e have the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.25 Td (ability as part of our treasury management function to provide short term financing to our af) Tj ET Q q 0 0 0 rg BT 417.82 314.25 Td (filiates as a way of ef) Tj ET Q q 0 0 0 rg BT 502.88 314.25 Td (ficiently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.25 Td (deploying our excess cash and earning a higher return than we would in other short term investments or overnight funds. ) Tj ET Q q 0 0 0 rg BT 534.48 302.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.25 Td (loans are unsecured, bear the ) Tj ET Q q 0 0 0 rg BT 167.60 290.25 Td (T) Tj ET Q q 0 0 0 rg BT 173.01 290.25 Td (erm Loan Facility interest rate plus 50 basis points and are due upon demand. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 266.25 Td (Financing ) Tj ET Q q 0 0 0 rg BT 94.24 266.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 248.25 Td (Net cash used in financing activities was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.99 248.25 Td ($37.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.49 248.25 Td ( million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.26 248.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.67 248.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.05 236.25 Td (three months ended March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.46 236.25 Td (, we repaid borrowings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.98 236.25 Td ($1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.48 236.25 Td ( million on the ) Tj ET Q q 0 0 0 rg BT 423.41 236.25 Td (T) Tj ET Q q 0 0 0 rg BT 428.82 236.25 Td (erm Loan Facility and collected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.25 Td ($5.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 224.25 Td ( million from customers for invoices sold under the trade receivable securitization program. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.87 224.25 Td (three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.25 Td (March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.10 212.25 Td (, we paid cash distributions to unitholders of $42.4 million.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 183.45 Td () Tj ET Q endstream endobj 69 0 obj <> /View <>>>>> endobj 70 0 obj <> /View <>>>>> endobj 71 0 obj <> endobj 72 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;