Service & Supply | Quarterly / Earnings Reports | Oilfield Services | Proppant | Fourth Quarter (4Q) Update | Financial Results | Capital Markets | Private Equity Activity
Frac Sand Demand Doubles Hi-Crush 2014 Revenues
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Hi-Crush Partners LP reported record fourth quarter and full year 2014 results. Net income for the quarter was $38.4 million.
Highlights: 4Q14 Revenues of $131 million vs. $64 million in 4Q13 4Q14 EBITDA of $45 million vs. $24 million in 4Q13 $1.03 earnings per unit before allocations of income to IDRs $0.85 basic and diluted earnings per unitThe limited partners' interest in net income of $38.1 million for the fourth quarter of 2014 represents earnings of $1.03 per weighted average common and subordinated units outstanding during the period. For purposes of calculating earnings per unit, $6.8 million of limited partners' interest in net income was allocated to the holder of incentive distribution rights, resulting in reported basic and diluted earnings per unit of $0.85 per common…
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