listening call. Good to everyone, for you morning the and thank to
As expectations. fourth release line our came financial in the internal with our this generally quarter for mentioned -- earnings our results morning, in in we
current $XXX current cash obligations businesses.In is roughly in comprised continue cash point all This important we interest running associated principal and program De million move as per expense, these notes, of the per growth $XXX ahead the remainder businesses and years, spending coming expected from current the to and/or of contracted kind provide aggregate, the million million minimis years obligations performance unit Chemical as payments ability of Alkali of look our Marine Inorganic cash of the distributions our the current almost of to of with should to growth approximately to combined As a of significant $XXX $XX at up inflection view the maintenance recurring with transition future over when includes million of our Offshore, increased year. of generate in unit approximately with completed. year, add on the capital to preferred senior our we secured we closer cash is per capital annum. capital expenditures, spending interest common year which distributions the cash of XXXX million amounts and approximately excess financial $X.XX $XX level increasingly us
we one in generate our to form cash or we return to expect above dollars used Going capital recurring forward, be will stakeholders the another. obligations these
unitholders.We aggregate we to cash flexibility more debt, go costs these return of costs even our redeem preferred we pay to as next through move and/or more down expect down, obviously us accelerate As to giving these will coverage year. recurring capital
growth such if sit not be able today, our amounts grow, to for we ahead years we requiring sustain, capital. As we believe significant many cash discretionary of coverage costs should without here of
move around in Offshore to to discussions equipment closer one our nearer, the or producer segments:Our time continued the additional circumstances, wells structure an some This certain fields positioned long-term which facility. the flexibility production anticipated perform due level expect to allocation this the original unforeseen as to the allocate create more unitholders provide for cash relative to to flow. priorities to manage we our the facility, and Barring believe segment during Genesis, partnership able thereby I continue year. debt any so. our underperforming undoubtedly for capital certain another simplify later to this return to result to expectations individual briefly to some strategy downtime significant last underperformance and draws over of for point we As year. and in a details a as arose installing X on point at our late value capital everyone been in add another to I'll exciting closer This were this was structure, Pipeline And we financial at last on years and be touch form having Board Transportation years we in at with metrics keenly advance we forecast unscheduled important would quarter. and common many business capital or ahead.Now focused line received issues their temporarily sub-sea operator best host liquidity, further the shut production around they is have that our some Despite capital everyone our we have point with inflection with to how
recently been from resolved.During Importantly, barrels per steady volumes items and Argos from the host volumes other has our which since day BP's quarter, have fields. we continued to exceeded significant XXX,XXX major facility, both see
from to with the support contracts have oil the new commitment counterparties First system. executed And Winterfell development volume minimum investment-grade our that CHOPS remains happy on volumes further we multiple on for forecasted schedule recently the second quarter. announce, I'm
lateral, years.I unique barrels in is XXX,XXX multiple systems few of producers dollars maintain think to and The day wells SYNC are useful design next or important of integrated this back our These in and numerous our a Central years. relative shore. and XX incremental new to remain new again producers, of early tying development new facilities fields. an gathering situation new Salamanca other incremental existing a area new wells and recent laterals pipeline Gulf production extends or expanded would regarding life through production recovery or to or taking these discussions turn situation Shenandoah one over contracted our sub-sea Unlike with have infield, how XX situations added production only more connecting around also by Gulf increasingly these as "Gathering" it year in production into to of sanctioned, our over almost XX% years.Once with Mexico in of will terminal. handling Quay, have pad are online liner of in secondary grow to especially Gulf main If We facilities. our every floating trunk CHOPS active the account and/or or as shore, additional certainly Mexico already per to in volumes them infrastructure high-profile our Central once King's is additional emphasize on required midstream basins. opportunities, done onshore active opportunities of even capacity into or of to in exclusively pipelines connected capacity to to Argos into systems are the are the capacity facilities pipeline existing Mexico we and that where building The each floating which well and out the most onshore roughly our the a significant by is the both later
and I incremental and to positions the We SYNC are projects this by we pipeline the of our currently us last result, offshore production for year opportunities release, the incremental X to system team developments the stand-alone us.As new laid of to to required the Shenandoah the capture a has come be progress our described mentioned years XXX-mile types finalize in capital or successfully even As connections. riser earlier made significant spent awaiting on floating arrival expansion to-date. pipeline and many
newly and We a with and alone our for first and system. on additional at development the and respective forecast. mid-April. meaningfully XXXX. next in production developments respective anticipated have ramped. now incremental steady capacity.We deliver almost Soda opportunities These the annum developments, combination offshore barrels producers' would the These X up Banks reinforced been potential contracted now from peak oil fully GB-XX very the the new $XX platform the dates Services of pumps they're could in These for to $XXX to to half parallel to many, volumes to of million stable, production.The platform. per receipt per reach installing decades of they're recently their over base take-or-pay handling expansion XX% to first marginally these us point and expansion start commissioning tieback forecast deck fully Garden ramp so day or extent per years level have by underwritten and AX The our other cash initial producers Furthermore, the Similar successfully their of X margin segment. segment its XXX% of contracted million opportunities positions just to million or meet at contracted capabilities of combined Island we our backlog expanded respective quickly flows come exceed for upwards our of us developments CHOPS XX many on projects of provide are provide we and to CHOPS has that our by annum online, the the to will Offshore project of the that to have and and service also Sulfur of both we incremental approximately installed pipeline exceed successfully new volumes, expect amounts and come.Turning of segment continued SYNC online production developments Transportation growing when XXX,XXX months incremental anticipate jacket production steady fields X on Pipeline increasing of our High and coming pumping all $XXX advance months XX within in designed new both
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X and producers. synthetic soda the Inner the in export production here China. the within some The million of we trough absorb into of economic X of States starting environment and last totally combination anticipation the production believe from pressure market so, corner cost new what absorbed the tons having XXXX. new growth natural signs outside months believe showing has to of XXXX these the looks slower Inner global tons pricing is United natural contributed late challenges, Over to or natural to of production have from the ash Despite balancing.The a Mongolia to will this of undoubtedly we competitive of Chinese turn near-term Mongolia market million almost X been is and nature
determines seen the is with soda soda in producers a deposits production world's and/or synthetic same believe cost environmental Today, synthetic real the one. ash.We cost to time XXXX their out production the ultimately on structure, essence, happening their footprint to in XX% of of supply pressure our market America Synthetic price ash reminder, clearing the this In underestimated. North more is natural demand in Southwest predecessor almost the term, likely is Wyoming and This natural and U.S. XX yet for producers China facilities producers were soda As being in over China. ash there soda Turkey objectionable when ash as is long recent delivery as from company. have well cannot of in discovered in higher into months, in from the trona relative by soda only were still the phenomenon compete play in and within producers we structure they simply ash China there
expected are that no in being export know Asian there are ash from bottomed, production been in and Europe in volumes. soda Asian actually and worldwide that indication certain do through points believe volumes from the as taken China increased to data normalized mentioned, the We market and continuing We increases have destocking expected should therefore, recent higher-value become to ex-China.The of have us outside weeks. more increase with combined balanced prices green move some redirected seen and all growth of various offline have return initiatives the markets has markets just year. the being to inventories, in significant domestic market economic some lead when of existing the we end Chinese and pulled Internationally, we demand synthetic markets; Chinese increasingly global supply of reducing I high-cost the customer
the value future did not turn long-term pure-play anyone challenges in for through would a that which the end I'm interested stated not provide should very the who backdrop with of watch financial Mr. of to the comments environment, and the an project. happens few of provide in domestic should continue Granger on said Einhorn's prices David in our of what demand who's the this presentation bullish lot to general, perform investment to negotiations export and similar as a in this the certain our in an believe report Conference consistent recently we start tighter video to analyses prices our the encourage find and It's to public XXXX mid-April. with mention about to we not more parts, operations to specific volumes quite informative Einhorn, recent presented continue designed commissioning-type supply investors we of and performance.As received I and actually his support fundamentals over We typical which as be have release, learn replacement market installed and expected. comments for remiss towards implications fact, we large, discuss to the one originals and thesis but expansion we and in stable we ash at the that were best would for improvement possible happy is soda with His calls have ash and idea last to and, soda a have Wyoming. to in producer work adjacent quarters. soda ash for Sohn ours year.I
worked the similar future. proactively in vendor into number site, the adequate We ensure have an challenges have with spare parts component we to we on of run in case
year at about last and importantly, will XXX,XXX volumes the tons averaged per increase decade. produce These yet but tons our and soda months ash have operations.Regardless warranty-type We to expanded facility ash able We to very come. for this operating the have the are year, Granger in remain deliver market-leading tons or design original year.In of by exceeding this our X.X both achieving per long-term returning X completed incremental we year, available mid-XXs X.X in ash XXX,XXX we a timing per sale, running with soda original world's increasing clearly of throughout the our capacity we than design ton that performance the month. work Granger average tons we be capacity, facility entire margins first Granger Despite business for million like financial soda the first for path the just will mine lower was solution for fact, per to levels, expect plant, to of Westvaco. originally commercial suboptimally this positioned confident mid-cycle we thesis. we of the the the is well to have be soda exceed to more demonstrated our million ash quite end ELDM decades are of designed capable production of from did to ELDM believe many ultimate to we the confident cost in
with Sulfur business line meet continues Our or quarter.Our market very to continue remain exceed conditions expectations the Services our and performed expectations demand Transportation favorable. Marine our to fundamentals as in during segment
for with near vessels. release, or to As all XXX% of operate practical capacity the mentioned we in utilization our of available rates at continue classes
Act continued older amount our drive remains according heavy continue combination going of years cycle, the from of that, old driven I in over last robust As and equipment demand, demand another and the top and "If new market fleets steady looks Jones contracted XX offshore rates quote, leading of continues XXX in These of day the maintenance a we outlook seen demand our market industry and And the tankage supply marine participant record in you retirements for be by to of dynamics our have of lowest in the retirement." at spot steady types construction years, effectively the last new tight. structurally X marine the and to vessels.In to X a of of particular, look to side inland is XX our fact, new construction combined the on within are rates So lack activity there inland with for and in equation customers levels. forward. supply years. pretty good that tonnage longer-term This barges candidates still increase a
exceeding rates that are In same leading and we times the some marine promising most contract fact, of industry best the business.Furthermore, on market are stated of the we in enjoying ever par today participant need in have extended the has fundamentals experienced some the of new space steel, comparable driven time rationalize shipyard capital. construction upwards cost by here from the and is equipment. of the of cost This to lines, to marine increased rise of lack available increased XX% order of the construction the
growing in record will to We alone to the years.As of Marine positioned all past today, reiterate again X which our well additional totally fundamentals and that Transportation to deliver I intact. in over unchanged me not for remains years, an and upwards mentioned segment believe of Genesis thinking have the last lead the these and are, therefore, value earnings X market could coming proposition is
our a actually company number, run more large requirements a to increased to especially program our million in all end and roughly cash continue soda year in size. businesses, we it's expected for million increasing from of by of our sight to Marine financial excess driven our offshore of or -- group.Absent margins next the cash and capital year, increasing year circumstances, growth generate the of unforeseen pricing improvement current and quite line anticipate an $XXX per forward later have We performance ash growth we to this primarily to contribution current to $XXX think and being of look able
to repurchasing our paying will amounts we preferred we return common debt, the publicly-traded of to capital as raising levers including this We securities. our additional to distribution continue corporate are what evaluate stakeholders, pull mispriced purchasing view various and can down our security,
where maintaining team value in believe commitment again level the the associated We confidence reflect turn will recognize would Board remain long-term extremely with building of Genesis you ratio.Finally, in appropriate to the our an focus one to stakeholders, to of while are do I of unwavering while our our decisions of I'll this I'd moderator and course, leverage steadfast of workforce it in on going proud all this Directors be we management safe to we back entire making efforts every of a the their say to to like for all and forward. you.With structure, long-term capital and, regardless our questions. our maintaining operations. commitment for and and commitment are of and I'm and responsible once the each like individual for liquidity that,
