FIRST LOOK – DECEMBER 2019

TOP NEWS Vulcan Materials Vulcan Materials Co. announced third-quarter total revenues of $1.419 billion, up from $1.240 billion in 2018; and year-to-date total revenues of $3.743 billion, up from $3.295 billion in 2018. Summit Materials On a year-to-date basis through Sept. 28, Summit’s net revenue increased 4.1% over the comparable 2018 period. Adjusted EBITDA increased 8.8% to $340.4 million for the first nine months…

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Water Management for Hydraulic Fracturing Forecasts Top $174 Billion

Water management investment for hydraulic fracturing is forecasted to average $17 billion per year from 2019 through 2028, according to new market forecasts from Bluefield Research. Emboldened by growing demand for scaling water supplies and disposal needs, a host of midstream water companies backed by private equity and sovereign wealth funds are positioned to seize the opportunity going forward.

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Hi-Crush Releases First Corporate Responsibility Report

Hi-Crush Inc. announced that it has released its first Corporate Responsibility Report, which covers the operating year 2018. The report details the company’s efforts across several areas of impact including health, safety, environmental, social and governance factors, and its performance relative to the United Nation’s Sustainable Development Goals and the International Petroleum Industry Environmental Conservation Association (IPIECA) suggested reporting indicators.

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This Week’s Market Buzz

The American Petroleum Institute reported that U.S. crude supplies fell by 7.9 million barrels for the week ended Dec. 20. As a result, West Texas Intermediate crude for February edged up 6 cents, or 0.1%, at $61.17 a barrel on the New York Mercantile Exchange. February Brent crude picked tacked on 4 cents, or less than 0.1%, to reach $66.21…

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