Emerge Energy Services LP Declares First Quarter Cash Distribution and Announces Date for Earnings Release
Southlake, Texas - April 24, 2015 - Emerge Energy Services LP ("Emerge Energy") today announced that the board of directors of its general partner has declared a cash distribution of $1.00 for the first quarter of 2015. This distribution represents a 29% decrease compared to the fourth quarter 2014 distribution of $1.41 per unit and a 12% decrease compared to the first quarter 2014 distribution of $1.13 per unit. The distribution will be paid on May 14, 2015 to all unitholders of record as of May 6, 2015.
"We are revising our full year distribution guidance to approximately $3.00 per unit for the year ending December 31, 2015," said Ted W. Beneski, Chairman of the Board of the General Partner of Emerge Energy. "While we believe that we have a number of opportunities to improve our projected results, this revised guidance is based on current market conditions."
Emerge Energy today also announced it will release its first quarter results on Monday, May 4, 2015. A conference call to discuss the first quarter 2015 financial and operating results will be held on Monday, May 4, 2015 at 10 a.m. CDT.
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