Last $35.30 USD
Change Today -1.09 / -3.00%
Volume 227.0K
HCLP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 1:58 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

hi-crush partners lp (HCLP) Key Developments

Hi-Crush Partners LP Presents at Credit Suisse Energy Summit 2015, Feb-23-2015

Hi-Crush Partners LP Presents at Credit Suisse Energy Summit 2015, Feb-23-2015 . Venue: Vail Cascade Resort & Spa, 1300 Westhaven Drive, Vail, Colorado, United States. Speakers: Robert E. Rasmus, Co-Chief Executive Officer of Hi-Crush GP LLC and Director of Hi-Crush GP LLC.

Hi-Crush Partners LP Announces Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reaffirms Earnings Guidance for the Year 2015

Hi-Crush Partners LP announced unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $130,929,000 compared with $63,975,000 for the same period a year ago. These revenues were generated on sales of 1.5 million tons of frac sand and 82% increase over the same period last year, and a 26% sequential increase over the third quarter. Income from operations was $41,489,000 compared with $20,883,000 for the same period a year ago. Net income attributable to Hi-Crush Partners LP was $38,128,000 or $0.85 per basic and diluted share compared with $19,389,000 or $0.63 per basic and diluted share for the same period a year ago. EBITDA was $44,567,000 compared with $24,418,000 for the same period a year ago. Maintenance and replacement capital expenditures, including accrual for reserve replacement was $1,357,000 compared with $909,000 for the same period a year ago. Distributable cash flow was $40,871,000 compared with $22,172,000 for the same period a year ago. For the full year, the company reported revenues of $386,547,000 compared with $178,970,000 for the same period a year ago. Income from operations was $133,971,000 compared with $63,715,000 for the same period a year ago. Net income attributable to Hi-Crush Partners LP was $123,070,000 or $3.00 per diluted share compared with $19,389,000 or $2.08 per diluted share for the same period a year ago. EBITDA was $148,015,000 compared with $73,534,000 for the same period a year ago. These increases are the result of higher volumes sold and lower production costs as well as the integration of the distribution business purchased in mid 2013. Maintenance and replacement capital expenditures, including accrual for reserve replacement was $5,001,000 compared with $3,026,000 for the same period a year ago. Distributable cash flow was $135,093,000 compared with $67,339,000 for the same period a year ago. Cash flow from operating activities was $104,370,000 compared with $64,323,000 for the same period a year ago. The company plan to spend capex in the range of $30 million to $50 million in 2015. EBITDA guidance for 2015 unchanged for now. For the quarter, the company reported sand sold of 1,481,914 tons against 814,094 tons a year ago. Sand produced and delivered of 1,005,492 tons against 703,479 tons a year ago. For the full year, the company reported sand sold of 4,584,811 tons against 2,520,119 tons a year ago. Sand produced and delivered of 3,704,630 tons against 2,241,199 tons a year ago.

Hi-Crush Partners LP Declares Fourth Quarter Cash Distribution, Payable on February 13, 2015

Hi-Crush Partners LP declared its fourth quarter cash distribution of $0.675 per unit for all common and subordinated units, or $2.70 on an annualized basis. This amount corresponds to a 42% increase from the minimum quarterly cash distribution of $0.475 per unit and a 8% increase over the previous quarter's distribution. The distribution will be paid on February 13, 2015 to all common and subordinated unitholders of record on January 30, 2015.

Hi-Crush Mulls Acquisitions

Laura Fulton, Chief Financial Officer of Hi-Crush Partners LP (NYSE:HCLP) said, "Our strong balance sheet provides us with flexibility and the ability to be opportunistic in this environment, whether taking advantage of a strategic acquisition, or organic growth, such as through the expansion of our distribution network."

Hi-Crush Partners LP Presents at Barclays Select Series 2014: Emerging Growth Company One-on-One Forum, Mar-11-2014

Hi-Crush Partners LP Presents at Barclays Select Series 2014: Emerging Growth Company One-on-One Forum, Mar-11-2014 . Venue: St. Regis Houston, Houston, Texas, United States.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HCLP:US $35.30 USD -1.09

HCLP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
CARBO Ceramics Inc $35.31 USD -1.13
Emerge Energy Services LP $50.27 USD -3.73
FMSA Holdings Inc $6.58 USD -0.16
US Silica Holdings Inc $30.68 USD -1.73
View Industry Companies
 

Industry Analysis

HCLP

Industry Average

Valuation HCLP Industry Range
Price/Earnings 12.6x
Price/Sales 3.5x
Price/Book 7.6x
Price/Cash Flow 10.9x
TEV/Sales 2.9x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HI-CRUSH PARTNERS LP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.