Frack sand producer Hi-Crush Partners reported better than expected fourth quarter earnings Tuesday. $HCLP reported a smaller loss than expected. Revenue and pricing for frac sand has backed off with the Permian bottleneck and decreased well completion activity.
Hi Crush Earnings Impacted By Northern White Frac Sand Pricing
Frack sand producer Hi-Crush Partners reported in-line third quarter earnings Tuesday. $HCLP had already cut it’s guidance and dividend after acquiring it’s general partner last week. Pricing for frac sand has backed off with the Permian bottleneck.
U.S. Silica Earnings Hit By Permian Bottlenecks and Budget Constraints
U.S. Silica Holdings shares were pummeled over 10.5 % after it’s third quarter earnings missed expectations. The stocks have been under pressure with frac sand overcapacity concerns and pipeline bottlenecks and budget constraints hurt $SLCA.
Fracking Sands U.S. Silica $SLCA Shares Pummeled 7.5 % After Earning Miss
U.S. Silica Holdings Inc. $SLCA shares were pummeled over 7.5 % after it’s second quarter earnings missed expectations. The stocks have been under pressure with frac sand overcapacity concerns.