Report
Preston Caldwell
EUR 100.00 For Business Accounts Only

Frac Sand Producers Remain Affected by Onslaught of Regional Sand Production

Hi-Crush Partners reported weak fourth-quarter results, chiefly owing to the downturn in frac sand demand. Revenue was down 24% sequentially on a 29% decrease in volumes sold as well as weaker pricing, offset by higher logistics-related revenue. Total margin per ton (including logistics services) fell to $14 from $24 in the prior quarter, reflecting chiefly weaker pricing as well as negative operating leverage effects from reduced volumes. Our fair value estimate and no-moat rating are unchanged...
Underlying
Hi-Crush Inc

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Preston Caldwell

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