Not usual. Check the expiry date? Your description is a little vague. Was this a thin ribbon from a usual cartridge type of dispenser, as usually fitted to a caulking gun? Or was it about 25% of the contents?
Silicone sealants give off ethanoic acid as they cure. Was this an excess of acid in this product. If it has separated, it may be important….
As above, if cheap, buy better.