News Focus
News Focus
icon url

dealorfx

03/14/11 4:33 PM

#105 RE: BonelessCat #104

Heckmann Corporation Announces Fourth Quarter and Full Year 2010 Financial Results
Four acquisitions slated to close within 30 days; one transaction recently completed:
Two of the transactions are fresh and produced water transportation companies in Pennsylvania that will be used as platforms for recycle and reuse technologies, supporting natural gas producers in the Marcellus Shale area.
Two of the transactions offer substantial expansion of fresh water and produced water transport, treatment and disposal assets and capacity in the Haynesville Shale and Barnett Shale areas, increasing the capabilities and capacity of Heckmann Water Resources, or HWR.
The transaction already completed facilitates the expansion of the Company’s transport and disposal capabilities in the Eagle Ford Shale area.
Company raises guidance for full year 2011 revenues by 50%, doubles guidance for 2011 EBITDA.
Company expects first quarter 2011 revenue of $23 million, up 64% quarter-over-quarter and nearly triple year-over-year.
Expansion in the Eagle Ford Shale and Barnett Shale areas to begin generating revenues during the second quarter of 2011.
icon url

dealorfx

03/14/11 4:34 PM

#106 RE: BonelessCat #104

PALM DESERT, Calif.--(BUSINESS WIRE)-- Heckmann Corporation (NYSE:HEK - News), a water solutions company focused on water issues worldwide and, in particular, unconventional oil and gas exploration and production, today announced financial results for the fourth quarter and full year ended December 31, 2010.

Financial Highlights

Revenues for 2010 increased 27% to $45.7 million.
Net loss for 2010 decreased from $(395.4) million in 2009 to $(14.7) million or $(0.14) on a per share basis.
Adjusted EBITDA for 2010 increased 267% to $3.3 million.
Revenues for the fourth quarter of 2010 increased 66% year-over-year to $14.3 million.
Net income for the fourth quarter of 2010 was $236,000 compared with net income of $77,000 for the fourth quarter of 2009.
Cash and cash equivalents, investments and marketable securities totaled approximately $193 million as of December 31, 2010.
Company currently expects 2011 revenues in excess of $150 million and 2011 EBITDA of approximately $40 million.
Operational Update – Water Solutions for Energy Development

http://finance.yahoo.com/news/Heckmann-Corporation-bw-119153735.html?x=0&.v=1
icon url

dealorfx

03/14/11 4:36 PM

#107 RE: BonelessCat #104

last trade after hours HEK printed $5.99........

not sure a follow thru tomorrow, we shall see.

I'll be adding more for sure, I actually forgot about
earnings today, now too late. catch the wave tomorrow now.

best of luck
dfx
,,,,,$$$$$