On February 28, 2025, we completed the sale of the Alkali Business to an indirect affiliate of WE Soda Ltd for a gross purchase price of $1.425 billion. The sale generated proceeds of approximately $1.0 billion, which reflects the net proceeds after the payment of transaction costs and expenses, the assumption of $413.4 million of our then outstanding 5.875% senior secured notes due 2042 (the “Alkali senior secured notes”) by an indirect affiliate of WE Soda Ltd, and cash divested.

A reconciliation of the line items constituting pretax income from discontinued operations to net income (loss) from discontinued operations, net of tax is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Major classes of line items constituting income (loss) from discontinued operations:
Revenues	$	—	$	317,006	$	200,532	$	978,746
Operating costs	—		(288,856)		(168,871)		(876,269)
General and administrative	—		(248)		(156)		(804)
Depreciation, depletion and amortization	—		(26,262)		(18,862)		(77,088)
Interest expense, net	—		(6,322)		(4,179)		(19,053)
Pretax income (loss) from discontinued operations	—		(4,682)		8,464		5,532
Loss from the sale of the Alkali Business	—		—		(432,193)		—
Total pretax income (loss) from discontinued operations	—		(4,682)		(423,729)		5,532
Income tax expense	—		(33)		(16)		(66)
Net income (loss) from discontinued operations, net of tax	$	—	$	(4,715)	$	(423,745)	$	5,466


	Nine Months Ended September 30,
		2025		2024
Net cash flows provided by operating activities		$	31,453	$	162,633
Net cash flows used in investing activities		(11,666)		(149,922)
Net cash flows used in financing activities		—		(8,695)