Hi-Crush Partners (HCLP) Misses Q1 EPS by 4c

Hi-Crush Partners (NYSE: HCLP) reported Q1 EPS of ($0.07), $0.04 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $83.4 million versus the consensus estimate of $83.87 million.

Outlook

For the second quarter of 2017, the Partnership expects volumes to increase by 50-60% sequentially. Pricing is also expected to increase sequentially, as the Partnership realizes the full-quarter benefit of price increases implemented midway through the first quarter of 2017, combined with further price increases driven by supply and demand imbalances, particularly for fine mesh sizes of sand.

(Updated with outlook)

For earnings history and earnings-related data on Hi-Crush Partners (HCLP) click here.

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