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...
Houston, TX 77056
Founded in 2012
Hi-Crush Partners LP Presents at Cowen and Company Houston Oilfield One-on-One Day, Sep-21-2015
Sep 18 15
Hi-Crush Partners LP Presents at Cowen and Company Houston Oilfield One-on-One Day, Sep-21-2015 . Venue: Houston, Texas, United States. Speakers: Laura C. Fulton, Chief Financial Officer of Hi-Crush GP LLC and Chief Accounting Officer of Hi-Crush GP LLC.
Hi-Crush Partners LP Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure Guidance for the Second Half and Full Year 2015
Aug 6 15
Hi-Crush Partners LP reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $83,958,000 against $82,724,000 a year ago. These revenues were generated on sales of 1.2 million ton of frac sand, which was essentially flat compared to the first quarter of 2015. Income from operations was $14,427,000 against $32,120,000 a year ago. Net income attributable to company was $11,450,000 against $29,541,000 a year ago. Diluted earnings per unit common and subordinated units were $0.31 against $0.75 a year ago. EBITDA was $19,195,000 against $35,615,000 a year ago.
For the six months, the company reported revenues of $186,069,000 against $153,302,000 a year ago. Income from operations was $41,598,000 against $52,050,000 a year ago. Net income attributable to company was $35,135,000 against $47,913,000 a year ago. Diluted earnings per unit common and subordinated units were $0.91 against $1.25 a year ago. EBITDA was $48,776,000 against $59,558,000 a year ago. Cash flow from operating activities was $58,027,000 against $53,679,000 a year ago. CapEx was $40 million funded through borrowings under revolver and ongoing operations.
For the second half of 2015, The company expects to spend between $10 million and $15 million, mainly on the continued build out of distribution facilities.
For the full year 2015, CapEx total of $50 million to $55 million is slightly above the high end of previous $30 million to $50 million guidance range as some spending from 2014 projects carried over during the first half of 2015.