Hi-Crush Partners LP Reports Unaudited Consolidated Earnings Results for the Three and Six Months Ended June 30, 2018; Provides Capital Expenditure Guidance for the Year 2018; Provides Sales Guidance for the Third Quarter of 2018
For the six months, the company reported revenues of $466,633,000 against $218,584,000 a year ago. Income from operations was $126,828,000 against $15,186,000 a year ago. Net income was $121,957,000 or $1.30 per share diluted against $9,549,000 or $0.13 per share diluted a year ago. EBITDA was $148,260,000 against $28,185,000 a year ago. Adjusted EBITDA was $145,950,000 against $28,455,000 a year ago. Cash flow from operating activities was $136,693,000 against $24,545,000 a year ago.
For the year, the company expects total capital expenditures to be in the range of $180 to $210 million.
For the third quarter, the company expects total sales volumes to increase to a range of 3.0 to 3.2 million tons. The forecasted volumes sold reflect the expectation of continued strong completions activity.