Report
Preston Caldwell
EUR 100.00 For Business Accounts Only

Frac Sand Companies’ 1Q Results Marked by Impact of Supply Chain Constraints

The release of first-quarter results for frac sand companies
U.S. Silica, Hi-Crush, and Fairmount Santrol (together accounting for about 35%
of current U.S. frac sand supply) revealed the impact of sand supply chain bottlenecks
on the companies’ financial results as well as the broader U.S. shale
landscape. Collectively, the companies’ sand volumes fell about 5%
sequentially, despite increasing U.S. shale demand. Based on this as well as
widespread customer commentary, we think sand replaced pre...
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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