August 21, 2017 5:04 PM ET

Energy Equipment and Services

Company Overview of Hi-Crush Partners LP

Company Overview

Hi-Crush Partners LP produces, transports, markets, and distributes monocrystalline sand in the United States. The monocrystalline sand is a mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells. It owns, operates, and develops sand reserves, and excavation and processing facilities, which include 1,447-acre facility with integrated rail infrastructure, located near Independence, Wisconsin, and Whitehall, Wisconsin; 971-acre facility with integrated rail infrastructure, located in Wyeville, Wisconsin; the Augusta facility situated in Eau Claire County, Wisconsin; and the Blair facility. The company offers raw frac sand used in hydraul...

Three Riverway

Suite 1350

Houston, TX 77056

United States

Founded in 2012

Phone:

713-980-6200

Fax:

713-980-6202

Key Executives for Hi-Crush Partners LP

CEO of Hi-Crush GP LLC, Principal Operating Officer of Hi-Crush GP LLC & Director of Hi-Crush GP LLC
Age: 60
Chief Financial Officer of Hi-Crush GP LLC and Chief Accounting Officer of Hi-Crush GP LLC
Age: 54
Total Annual Compensation: $247.5K
General Counsel of Hi-Crush GP LLC and Secretary of Hi-Crush GP LLC
Age: 57
Total Annual Compensation: $206.3K
Vice President of Midstream Operations - Hi-Crush GP LLC
Age: 35
Total Annual Compensation: $172.5K
Compensation as of Fiscal Year 2016.

Hi-Crush Partners LP Key Developments

Hi-Crush Partners LP Presents at EnerCom Oilfield Tech and Innovation Day, Aug-17-2017 01:00 PM

Hi-Crush Partners LP Presents at EnerCom Oilfield Tech and Innovation Day, Aug-17-2017 01:00 PM. Venue: Denver, Colorado, United States.

Hi-Crush Partners LP Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Capital Expenditures Guidance for the Full Year of 2017

Hi-Crush Partners LP reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenues of $135,220,000 against $38,429,000 a year ago. Income from operations was $18,524,000 against loss from operations of $8,088,000 a year ago. Net profit attributable to company was $16,380,000 against net loss attributable to company of $12,159,000 a year ago. Basic and diluted loss per unit common and subordinated units was $0.18 against basic and diluted earnings per unit common and subordinated units of $0.26 a year ago. EBITDA was $26,840,000 against LBITDA of $3,401,000 a year ago. Adjusted EBITDA was $2,068,000 against adjusted LBITDA of $3,344,000 a year ago. Maintenance and replacement capital expenditures, including accrual for reserve replacement was $2,945,000 against $1,164,000 a year ago. Distributable cash flow attributable to limited partner unit holders was negative $22,864,000 against positive of $6,245,000 a year ago. For the six months, the company reported revenues of $218,584,000 against $90,577,000 a year ago. Income from operations was $15,186,000 against loss from operations of $56,948,000 a year ago. Net income attributable to company was $9,549,000 against net loss attributable to company of $64,659,000 a year ago. Diluted earnings per unit common and subordinated units was $0.13 against diluted loss per unit common and subordinated units of $1.57 a year ago. EBITDA was $28,185,000 against LBITDA of $48,350,000 a year ago. Adjusted EBITDA was $28,455,000 against adjusted LBITDA of $14,605,000 a year ago. Maintenance and replacement capital expenditures, including accrual for reserve replacement was $2,945,000 against $1,164,000 a year ago. Distributable cash flow attributable to limited partner unit holders was positive $22,864,000 against negative of $6,245,000 a year ago. Cash flow from operating activities was $24,545,000 against cash flow used in operating activities of $3,829,000 a year ago. The Partnership maintained its guidance for capital expenditures in the range of $115 million to $125 million for the full year of 2017, of which $11.4 million was spent in the first six months of the year, primarily for the completion of distribution terminal facilities in Colorado and Texas. For the six months ended June 30, 2017, capital expenditures totaled $67.9 million related to costs associated with the construction of company's Kermit facility and the Pecos terminal, among other projects. The Partnership expects sales volumes to increase to 2.4 to 2.6 million tons.

Chad M. McEver Intends to Resign as Vice President of Hi-Crush GP LLC

On July 10, 2017, Chad M. McEver notified Hi-Crush GP LLC, that he intends to resign as Vice President of the company, effective July 14, 2017.

Similar Private Companies By Industry

Company Name Region
1 Engineering & Manufacturing LLC United States
1845 Oil Field Services United States
1st Resource Group, Inc. United States
2-J Well Service LLC United States
212 Resources Corporation United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 15, 2017
The Dunes at Kermit
Merger/Acquisition
February 23, 2017
100% In Hi-Crush Whitehall LLC, 100% In PDQ Properties LLC And Remaining 2% In Hi-Crush Augusta LLC
Merger/Acquisition
February 23, 2017
Permian Basin Sand Company LLC
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Hi-Crush Partners LP, please visit www.hicrushpartners.com. Company data is provided by S&P Global Market Intelligence. 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.