Emerge Energy Services LP said first-quarter total volumes sold increased 7 percent sequentially to a record 1.503 million tons in the first quarter; and net income of $1.5 million and diluted earnings per unit of $0.05 for the first quarter, compared to a net loss of $11.4 million, or $(0.38) per diluted unit for the three months ended March 31,…
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Emerge Energy Profit Grows in Third Quarter
Emerge Energy Services LP announced third quarter 2017 financial and operating results. The company is reporting net income of $5.0 million and diluted earnings per unit of $0.16 for the third quarter. Total volumes sold increased 6.3 percent sequentially to 1,480 thousand tons in the third quarter.
Read MoreEmerge Energy Looks to the Future
Emerge Energy reported net loss of $9.9 million, or $0.41 per diluted unit for the three months ended Dec. 31, 2015. Net income, net income per unit and Adjusted EBITDA for the three months ended Dec. 31, 2014, were $24.4 million, $1.01 per diluted unit and $36.3 million, respectively.
Read MoreThis Week’s Market Buzz
Superior Silica Sands (SSS) announced that it will no longer pursue the construction of a silica sand processing facility in Independence, Wis. “This was a difficult but necessary decision,” said Rick Shearer, chief executive officer of parent company Emerge Energy and SSS. “Given current economic conditions affecting the frac sand industry as a whole, as well as the specific mining…
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