Hi-Crush Partners LP (NYSE:HCLP) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition
On August2, 2017, Hi-Crush Partners LP (the "Partnership") issued a press release announcing its second quarter 2017 conference call. The press release and presentation slides are being furnished with this Current Report on Form 8-K as Exhibits99.1 and 99.2, respectively.
In accordance with General Instruction B.2 to Form 8-K, the information provided under this Item 2.02 and the information attached to this Form 8-K as Exhibit 99.1 and Exhibit 99.2 shall be deemed to be "furnished" and shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.
Item 2.02 – Financial Statements and Exhibits
Press Release dated August 2, 2017 announcing second quarter 2017 financial results.
Hi-Crush Partners LP ExhibitEX-99.1 2 exhibit991-earningsrelease.htm EXHIBIT 99.1 Exhibit Exhibit 99.1News ReleaseHi-Crush Partners LP Reports Second Quarter 2017 Results•2Q 2017 Revenues of $135.2 million vs. $83.4 million in 1Q 2017 and $38.4 million in 2Q 2016•2Q 2017 Net income of $16.4 million vs. net losses of $(6.8) million in 1Q 2017 and $(12.2) million in 2Q 2016•2Q 2017 EBITDA of $26.8 million vs. $1.3 million in 1Q 2017 and $(3.4) million in 2Q 2016•2Q 2017 $0.18 basic and diluted earnings per limited partner unit•Permian Basin Kermit facility completed; sand deliveries commencedHouston,…To view the full exhibit click
About Hi-Crush Partners LP (NYSE:HCLP)
Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The Company is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. It operates in Frac Sand Sales segment. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States. It owns, operates and develops sand reserves, and related excavation and processing facilities. Its 857-acre facility with rail infrastructure, located in Wyeville, Wisconsin (the Wyeville facility) contains approximately 82.1 million tons of proven recoverable reserves of frac sand meeting American Petroleum Institute (API) specifications. It also holds approximately 98% interest in Augusta facility, which is located in Eau Claire County, Wisconsin and contains over 40.9 million tons of proven recoverable reserves of frac sand meeting API specifications.