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May 22, 2015 8:42 AM ET

Metals and Mining

Company Overview of Hi-Crush Partners LP

Company Overview

Hi-Crush Partners LP produces and supplies 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 related excavation and processing facilities, which include a 751-acre facility with integrated rail infrastructure, located in Wyeville, Wisconsin; and the Augusta facility located in Eau Claire County, Wisconsin. The company offers raw frac sand used in hydraulic fracturing operations for oil and natural gas wells. It primarily serves pressure pumping service provides. Hi-Crush GP LLC operates as the general partner...

Three Riverway

Suite 1550

Houston, TX 77056

United States

Founded in 2012





Key Executives for Hi-Crush Partners LP

Co-Chief Executive Officer of Hi-Crush GP LLC and Director of Hi-Crush GP LLC
Age: 57
Total Annual Compensation: $1.0
Co-Founder, Co-Chief Executive Officer of Hi-Crush GP LLC and Director of Hi-Crush GP LLC
Age: 56
Total Annual Compensation: $1.0
Chief Financial Officer of Hi-Crush GP LLC and Chief Accounting Officer of Hi-Crush GP LLC
Age: 51
Total Annual Compensation: $219.2K
Chief Operating Officer of Hi-Crush GP LLC and Director of Hi-Crush GP LLC
Age: 36
Total Annual Compensation: $1.0
General Counsel of Hi-Crush GP LLC and Secretary of Hi-Crush GP LLC
Age: 54
Total Annual Compensation: $183.3K
Compensation as of Fiscal Year 2014.

Hi-Crush Partners LP Key Developments

Hi-Crush Partners LP Announces Unaudited Consolidated Earnings and operating Results for the First Quarter Ended March 31, 2015; Provides CapEx Guidance for 2015

Hi-Crush Partners LP announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $102,111,000 against $70,578,000 a year ago. These revenues were generated on sales of 1.2 million tons of frac sand, a 34% increase over the same period last year, but a 19% sequential decrease over the fourth quarter 2014. The percentage increase in revenues over first quarter last year outpaced the increase in volumes, primary as a result of expansion of in-basin services. Income from operations was $27,171,000 against $19,930,000 a year ago. Net income was $23,854,000 against $18,520,000 a year ago. Net income attributable to the company was $23,685,000 against $18,372,000 a year ago. Diluted earnings per common unit were $0.60 against $0.49 a year ago. EBITDA was $29,581,000 against $23,942,000 a year ago. Distributable cash flow was $26,215,000 against $21,610,000 a year ago. Cash flow from operating activities was $36,307,000 against $22,666,000 a year ago. Net debt was $207,522,000 as on March 31, 2015. CapEx was $21.8 million. For the quarter, sand produced and delivered of 932,755 tons against 718,166 tons a year ago. Sand sold 1,195,343 tons against 898,243 tons a year ago. The CapEx budget remains as previously announced at $30 million to $50 million for 2015.

Hi-Crush Partners LP Declares First Quarter Cash Distribution, Payable on May 15, 2015

On April 15, 2015, Hi-Crush Partners LP declared its first quarter cash distribution of $0.675 per unit for all common and subordinated units, or $2.70 on an annualized basis. The distribution will be paid on May 15, 2015 to all common and subordinated unitholders of record on May 1, 2015.

Hi-Crush Partners LP and ARB Midstream, LLC Partner to Develop Energy Rail Hubs in the Permian and DJ Basins

Hi-Crush Partners LP and ARB Midstream, LLC announced that the companies have entered into definitive agreements to jointly develop and operate two energy rail hubs, one in the DJ Basin and one in the Permian Basin. Both facilities will be served by the Union Pacific Railroad, and will provide unit and manifest train capabilities for proppant and crude oil. Hi-Crush will operate the frac sand terminals at these facilities, with the frac sand sourced from its production facilities in Wisconsin, and ARB will operate the crude-by-rail terminals.

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