Hi-Crush Touts Higher Sales; Successful First Quarter

Hi-Crush Partners reported first quarter 2017 results. Revenues for the quarter ended March 31, 2017, totaled $83.4 million on sales of 1,384,887 tons of frac sand. This compares to $67.3 million of revenues on sales of 1,358,511 tons of frac sand in the fourth quarter of 2016. The limited partners' interest in net loss was $5.4 million for the first quarter of 2017.

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Frac Sand Production Predicted to Exceed 2014 Levels

The frac sand sector has re-entered bullish territory in 2017 as demand is expected to exceed peak 2014 levels before the end of the year, according to a report by Thomas Jacob, a consultant with IHS Markit.

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This Week’s Market Buzz

• Fairmount Santrol released its 11th annual Corporate Social Responsibility (CSR) Report, “Staying True,” which highlights the company’s collective commitment to Sustainable Development (SD), as well as the many accomplishments of Fairmount Santrol Family Members in 2016. Family Members achieved 101 percent of the 2016 SD team goals and individual facilities achieved 97 percent of their SD goals, while shipping the highest volume of raw frac sand in the company’s history. The company also achieved zero waste at 27 of 31 facilities in operation, including the largest facilities; and donated $1.2 million to local communities, funding the health, wellness and education of the next generation as well as the health of the planet. “By Staying True to our long-standing belief that investing in People, Planet and Prosperity pays, our people remain inspired, our efficiency has improved and our stakeholders are reaping the benefits from both previous and current efforts. Core to who we are, we will continue to invest in the development of our people, ensuring that we have the talent required to lead our company as we look to 2017 and beyond,” said Jenniffer Deckard, president and chief executive officer.

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