Hi-Crush Inc (fka HCRSQ)

[56Chevy]

Hi-Crush Partners LP Reports Fourth Quarter and Full Year 2017 Results

Highlights include;

• 4Q 2017 revenues of $216.5 million vs. $167.6 million in 3Q 2017 and $67.3 million in 4Q 2016

• 4Q 2017 net income of $43.2 million vs. $29.8 million in 3Q 2017 and net loss of $(8.1) million in 4Q 2016

• 4Q 2017 Adjusted EBITDA of $59.0 million vs. $41.7 million in 3Q 2017 and $(0.3) million in 4Q 2016

• 4Q 2017 distributable cash flow attributable to the limited partner unitholders of $52.6 million vs. $37.5 million in 3Q 2017 and $(4.4) million in 4Q 2016

• Completed $20 million of unit repurchases in 4Q 2017; increased quarterly distribution to $0.20 per unit

• Successfully refinanced Term Loan and Revolving Credit Agreement provide flexibility for continuation of unit repurchase program and extend maturity profile.

Source:
https://ih.advfn.com/p.php?pid=nmona&article=76749467

*strong report!

Marker;
Hi-Crush Partners LP (HCLP)
$11.925 up 0.425 (3.70%)
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