Fairmount Santrol Holdings Inc., together with its subsidiaries, provides sand-based proppant solutions for exploration and production companies to enhance the productivity of their oil and gas wells. The company operates in two segments, Proppant Solutions; and Industrial & Recreational (I&R) Products. The Proppant Solutions segment primarily provides sand-based proppants for use in hydraulic fracturing operations in the United States, Canada, Argentina, Mexico, China, Northern Europe, and the United Arab Emirates. Its products include northern white frac sand, API-spec brown sand, and resin coated proppants, as well as ceramic proppants; PowerProp product; and Propel SSP product that utili...
8834 Mayfield Road
Chesterland, OH 44026
Founded in 1986
Fairmount Santrol Announces Debt Prepayment
Nov 17 16
Fairmount Santrol announced that it has prepaid approximately $86.4 million of term loans outstanding under its existing credit agreement. The company has elected to fully prepay the $16.8 million of Term B-1 Loans due March 2017, and the $69.6 million of 2016 Extended Term B-1 Loans due July 2018. The term loans were repaid at par plus accrued interest under the terms of the Company’s existing credit agreement.
Fairmount Santrol Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended of September 30, 2016; Provides Capital Expenditure Guidance for 2016
Nov 3 16
Fairmount Santrol Holdings Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended of September 30, 2016. For the quarter, the company’s revenues were $134.8 million, up 18% from $114.2 million in the second quarter of 2016 and down 21% from $171.0 million for the third quarter of 2015. The Company had a net loss of $20.6 million, or $0.11 per share, compared with $46.2 million, or $0.29 per share a year ago. Loss before provision for income taxes was $40,636,000 compared to $18,012,000 a year ago. LBITDA was $6,704,000 compared to EBITDA of $13,140,000 a year ago. Adjusted LBITDA was $4,905,000 compared to Adjusted EBITDA of $21,763,000 a year ago. Capital expenditures totaled $6.8 million for the third quarter of 2016.
For the nine months, the company reported revenue of $394,482,000 compared to $693,763,000 a year ago. Loss before provision for income taxes was $219,058,000 compared to income before provision for income taxes of $10,949,000 a year ago. Net loss attributable to the company was $120,287,000 compared to $1,304,000 a year ago. Basic and diluted net loss per share was $0.71 compared to $0.01 a year ago. Net cash used in operating activities was $15,129,000 compared to net cash provided by operating activities of $217,127,000 a year ago. Capital expenditures and stripping costs was $28,712,000 compared to $91,548,000 a year ago. LBITDA was $114,629,000 compared to EBITDA of $104,677,000 a year ago. Adjusted LBITDA was $16,609,000 compared to Adjusted EBITDA of $133,414,000 a year ago.
The company expect total capital expenditures in stripping for the year to approximate $30 million to $33 million, for which approximately half is associated with the completion of the Wedron expansion earlier in 2016.
Fairmount Santrol Holdings Inc. to Report Q3, 2016 Results on Nov 03, 2016
Oct 29 16
Fairmount Santrol Holdings Inc. announced that they will report Q3, 2016 results Pre-Market on Nov 03, 2016