Hi-Crush Partners reports Q1 EPS (6c), consensus (2c)
Reports Q1 revenue $159.91M, consensus $176.04M. "During the quarter, we completed our major capital projects on time and under budget, quickly ramped production from our second Kermit facility, and meaningfully increased our sales volumes to E&Ps to nearly two-thirds of the total, despite negative impacts from extreme winter weather and related Class 1 rail disruptions," said Robert Rasmus, chairman and CEOof Hi-Crush. "We continue to focus on further developing our fully-integrated logistics platform, including our recent acquisitions of the PropDispatch software and Pronghorn Logistics, while continuing to maintain a strong balance sheet position. We remain focused on building for long-term success, serving our customers with the right platform, offering the best products and services operated to the highest standards."