Frac sand provider Covia Holdings Corporation (stock ticker: CVIA) reported Q3 2018 results and held its earning call on Wednesday.

President and CEO Jenniffer Deckard discussed Covia’s spot pricing in the Permian, how it is coming off of idling some of its higher cost facilities, and how Northern White sand volumes will change through the holiday season.

Highlights from the Q3 2018 results included:

Net loss of $289 million driven primarily by $295 million of pre-tax impairments, restructuring and merger-related charges
Volumes of 8.2 million tons, down 19% sequentially, and revenues of $523 million, down 27% sequentially, both on a pro forma basis
Adjusted EBITDA of $84.1 million, down 53% sequentially on a pro forma basi...


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