Hi-Crush Partners LP (ticker: HCLP) will be added to both the Alerian MLP Index (AMZ) and the Alerian MLP Equal Weight Index (AMZE) following the close of business on March 16, 2018. “The addition of Hi-Crush to the AMZ and AMZE indices is recognition of the prudent investments we have made over the past few years, resulting in a stronger
Hi-Crush Partners LP (ticker: HCLP) reported its Q4 and full year 2017 results. Revenues for the fourth quarter of 2017 totaled $216.5 million on sales of 2,985,115 tons of frac sand. This compares to $167.6 million of revenues on sales of 2,456,195 tons of frac sand in the third quarter of 2017. “Hi-Crush’s performance in the fourth quarter is the
Hi-Crush Partners LP (ticker: HCLP) has entered into a new $200 million Senior Secured Term Loan Credit Agreement and a new five-year Revolving Credit Agreement. Additionally, the company completed $20 million of unit repurchases and received necessary approvals to execute the remaining $80 million of authorized unit repurchases. The new $200 million Term Loan replaces the Partnership’s previous $200 million
Community involvement – more than just buzz words Hi-Crush (ticker: HCLP) is a major sand producer in both Wisconsin and more recently in Kermit, Texas, near operations in the Permian Basin, but the company strives to be more to the local community. HCLP has put a strong emphasis on serving the communities in which it works, and it has found
Hi-Crush opened 2 new facilities, announced $100 million buyback Q3 highlights Revenues of $167.6 million Quarterly record of 2,456,195 tons of frac sand sold Net income of $29.8 million, resulting in $0.33 basic and $0.32 diluted earnings per limited partner unit Q3 2017 distributable cash flow of $37.5 million vs. $22.9 million in Q2 2017 Resumed quarterly cash distribution of
Texas dunes, HCLP provide answers Texas is the motherlode when it comes to decade after decade of oil and gas production in the U.S., and the Permian basin is widely considered to hold some of the best rock in the country for oil production from shale formations. In addition, the industry’s Permian operators are learning how to best optimize their
“Geophysics has transitioned from simply finding the resource to defining and understanding it” – MicroSeismic’s Carl Neuhaus After The Oil & Gas Conference® wrapped up in Denver last week, EnerCom hosted the debut of Oilfield Tech & Innovation Day, where the latest technologies for the E&P industry were the focus. The day was designed for both VCs and majors who
Hi-Crush accelerates plans to provide frac sand to the Permian Hi-Crush Partners (ticker: HCLP) released its first quarter earnings Monday reporting improving financial results and an increased pace of development on Permian facilities. The company plans to increase the number of crews it has operating to nine or more by the end of the year, up from four currently, the
Raymond James sees a recovery in sand prices Although Hi Crush Partners (ticker: HCLP) missed on its Q2 earnings, reporting $84 million in revenues or $0.31 per unit in earnings, Raymond James believes the company still has long-term potential following a recovery in sand prices. “We believe a rig count recovery and intensity trends should support a recovery in sand
Hi-Crush Partners LP Announces First Quarter 2015 Distribution of $0.675 per Unit Hi-Crush Partners LP (HCLP), or Hi-Crush, announced today that the Board of Directors of its general partner has declared a cash distribution of $0.675 per unit on all common and subordinated units, or $2.70 on an annualized basis. Hi-Crush paid distributions of $2.40 per unit on all common
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