reports
Hi-Crush Inc. Reports First Quarter 2020 Results and Provides Addition...
Hi-Crush Inc. Reports First Quarter 2020 Results and Provides Additional Financial and Operational Updates HOUSTON, June 25, 2020 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR) ("Hi-Crush" or the "Company"), a fully-integrated provider of proppant logistics solutions, today reported first quarter 2020 results, along with additional financial and operational updates. Revenues during the first quarter of 2020 totaled $146.4 million compared to $125.5 million during the fourth quarter of 2019. Net loss for the first quarter of 2020 was $146.9 million, including $145.7 million of non-cash ass...
Hi-Crush Inc. Announces Rescheduled 2020 Annual Stockholder Meeting Da...
Hi-Crush Inc. Announces Rescheduled 2020 Annual Stockholder Meeting Date, Intention to Hold Virtual Meeting HOUSTON, March 27, 2020 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), or the “Company,” today announced that in consideration of ongoing concerns surrounding the COVID-19 pandemic, and uncertainty with respect to the duration of certain travel and gathering restrictions, the board of directors of the Company (the “Board”) has elected to hold the Company’s 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”) on Friday, May 22, 2020 in a virtual meeting format only. The Bo...
Hi-Crush Inc. Reports Fourth Quarter and Full Year 2019 Results
Hi-Crush Inc. Reports Fourth Quarter and Full Year 2019 Results Generated revenues of $125.5 million in 4Q 2019 vs. $173.0 million in 3Q 2019Reported Adjusted EBITDA of $7.2 million in 4Q 2019 vs. $17.9 million in 3Q 2019Realized loss of $(0.21) per share in 4Q 2019; adjusted loss of $(0.13) per share, excluding non-cash asset impairmentsExtending logistics and equipment service offerings with the development of OnCore Processing™Delivered 63,076 total truckloads during 4Q 2019 and 264,492 truckloads for full year 2019Reported total sand sales of 2.1 million tons in 4Q 2019 vs. 2.7 million ...
Hi-Crush Inc. to Participate in Upcoming Investor Conferences
Hi-Crush Inc. to Participate in Upcoming Investor Conferences HOUSTON, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), or “Hi-Crush”, today announced that management will present and meet with investors at the following conferences: JP Morgan Global High Yield & Leveraged Finance Conference in Miami, Florida on February 25, 2020Credit Suisse 25th Annual Energy Summit in Vail, Colorado on March 3, 2020Simmons Energy 20th Annual Energy Conference in Las Vegas, Nevada on March 24, 2020Scotia Howard Weil 48th Annual Energy Conference, New Orleans, Louisiana on March 25, 2020 Hi...
Hi-Crush Inc. Reports Preliminary Fourth Quarter 2019 Results and Prov...
Hi-Crush Inc. Reports Preliminary Fourth Quarter 2019 Results and Provides Business Updates Revenues for 4Q 2019 expected to be between $123 million and $127 million vs. $173 million in 3Q 2019Expect 38% of 4Q 2019 revenues to be driven by logistics and equipment services vs. 33% in 3Q 2019Exited 2019 with cash of $57.6 million, ABL Facility availability of $43.9 million and total liquidity of $101.5 millionEntered into four new logistics and equipment agreements with E&PsDeploying next generation NexStage silo sets to major Permian E&PExtending the logistics and equipment service offering ...
Hi-Crush Inc. Announces Timing of Fourth Quarter and Full Year 2019 Fi...
Hi-Crush Inc. Announces Timing of Fourth Quarter and Full Year 2019 Financial Results and Conference Call HOUSTON, Jan. 16, 2020 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), or “Hi-Crush”, today announced that it will release its fourth quarter and full year 2019 results after market close on Wednesday, February 19, 2020. This release will be followed by a conference call for investors at 7:30 a.m. Central Time (8:30 a.m. Eastern) on Thursday, February 20, 2020. Hosting the call will be Robert E. Rasmus, Chairman and Chief Executive Officer of Hi-Crush, Phil McCormick, Chief Financial O...
Hi-Crush Inc. to Participate in Upcoming Investor Conferences
Hi-Crush Inc. to Participate in Upcoming Investor Conferences HOUSTON, Jan. 02, 2020 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), or “Hi-Crush”, today announced that management will present and meet with investors at the following conferences: Goldman Sachs Global Energy Conference in Miami, Florida, January 7, 2020UBS Midstream, MLP & Utilities Conference in Deer Valley, Utah, January 14, 2020 Hi-Crush Inc.’s most recent presentation will be made available on the Investors section of its website, under the Presentations tab, at . About Hi-Crush Inc.Hi-Crush Inc. is a fully-int...
Hi-Crush Inc. Announces Release of Inaugural Corporate Responsibility ...
Hi-Crush Inc. Announces Release of Inaugural Corporate Responsibility Report HOUSTON, Dec. 19, 2019 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), or the "Company", today announced that it has released its first Corporate Responsibility Report, which covers the operating year 2018. The report details the Company’s efforts across several areas of impact including health, safety, environmental, social, and governance factors, and its performance relative to the United Nation’s Sustainable Development Goals and the International Petroleum Industry Environmental Conservation Association (“IP...
Hi-Crush Inc. Receives Notice from NYSE Regarding Continued Listing Re...
Hi-Crush Inc. Receives Notice from NYSE Regarding Continued Listing Requirements HOUSTON, Dec. 16, 2019 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), or the "Company", today announced that on December 11, 2019, the Company received a letter from the New York Stock Exchange (the “NYSE”) notifying it that, over a period of 30 consecutive trading days, the average closing price of the Company’s common stock was below the minimum $1.00 per share requirement for continued listing on the NYSE under Item 802.01C of the NYSE Listed Company Manual. The NYSE notification does not affect the Compa...
Hi-Crush Inc. Announces 2020 Annual Stockholder Meeting Date
Hi-Crush Inc. Announces 2020 Annual Stockholder Meeting Date HOUSTON, Dec. 12, 2019 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), or the "Company", today announced that the board of directors intends to hold the Company’s Annual Meeting of Stockholders (the “2020 Annual Meeting”) on May 20, 2020, at a time and location to be specified in the Company’s proxy statement for the 2020 Annual Meeting. Stockholders of the Company who wish to have a proposal considered for inclusion in the Company’s proxy materials for the 2020 Annual Meeting pursuant to Rule 14a-8 must ensure that their propos...
Hi-Crush Inc. Announces Chief Financial Officer Succession
Hi-Crush Inc. Announces Chief Financial Officer Succession HOUSTON, Dec. 06, 2019 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), or the "Company", today announced that Ms. Laura C. Fulton, Chief Financial Officer, will resign as Chief Financial Officer and principal financial and accounting officer of the Company effective December 31, 2019 to pursue another career opportunity. Mr. Phil McCormick, Vice President of Finance has been appointed by the Board of Directors to the role of Chief Financial Officer and principal financial and accounting officer effective January 1, 2020. Ms. Fulton...
Hi-Crush Inc. to Participate in Upcoming Investor Conferences
Hi-Crush Inc. to Participate in Upcoming Investor Conferences HOUSTON, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), or “Hi-Crush”, today announced that management will present and meet with investors at the following conferences: Stephens Investment Conference in Nashville, Tennessee on November 13, 2019Cowen Annual Energy Conference in New York, New York on December 9, 2019 Hi-Crush Inc.’s most recent presentation will be made available on the Investors section of its website, under the Presentations tab, at About Hi-Crush Inc.Hi-Crush Inc. is a fully-integrated...
Hi-Crush Inc. Reports Third Quarter 2019 Results
Hi-Crush Inc. Reports Third Quarter 2019 Results Revenues of $173.0 million in 3Q 2019 vs. $178.0 million in 2Q 2019Adjusted EBITDA of $17.9 million in 3Q 2019 vs. $24.7 million in 2Q 2019Total sand sales of 2.69 million tons in 3Q 2019 vs. 2.66 million tons in 2Q 2019, and at the high end of guidanceLoss of $(2.67) per share in 3Q 2019; adjusted loss of $(0.03) per share, excluding non-cash asset impairments of $346.4 millionExited 3Q 2019 with total liquidity of $95.9 million, including $48.4 million of cash; no ABL borrowingsExpect significant reduction in remaining 2019 and full-year 20...
UPDATE: Hi-Crush Inc. Announces 8:00 a.m. CST Start for Third Quarter ...
UPDATE: Hi-Crush Inc. Announces 8:00 a.m. CST Start for Third Quarter 2019 Earnings Conference Call HOUSTON, Oct. 14, 2019 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), or “Hi-Crush”, today announced that it has updated the timing of its third quarter 2019 earnings conference call on November 6, 2019 to 8:00 a.m. Central Time (9:00 a.m. Eastern). The call originally had been scheduled for 7:30 a.m. Central Time (8:30 a.m. Eastern Time). All other aspects of the call remain unchanged, including a release of earnings results after the market close on November 5, 2019. The change is being m...
Hi-Crush Inc. Announces Timing of Third Quarter 2019 Financial Results...
Hi-Crush Inc. Announces Timing of Third Quarter 2019 Financial Results and Conference Call HOUSTON, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), or “Hi-Crush”, today announced that it will release its third quarter 2019 results after market close on Tuesday, November 5, 2019. This release will be followed by a conference call for investors at 7:30 a.m. Central Time (8:30 a.m. Eastern) on Wednesday, November 6, 2019. Hosting the call will be Robert E. Rasmus, Chairman and Chief Executive Officer of Hi-Crush, Laura C. Fulton, Chief Financial Officer of Hi-Crush and Alan Oeh...
Hi-Crush Inc. to Participate in Upcoming Investor Conferences
Hi-Crush Inc. to Participate in Upcoming Investor Conferences HOUSTON, Aug. 23, 2019 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), or “Hi-Crush”, today announced that management will present and meet with investors at the following conferences: Seaport Global Energy & Industrials Conference in Chicago, Illinois on August 27, 2019Simmons European Energy Conference in Scotland on August 28-29, 2019Barclays CEO Energy-Power Conference in New York, New York on September 5, 2019 Hi-Crush’s most recent presentation will be made available on the Investors section of Hi-Crush's website, under ...
Hi-Crush Inc. Reports Second Quarter 2019 Results
Hi-Crush Inc. Reports Second Quarter 2019 Results Revenues of $178.0 million in 2Q 2019 vs. $159.9 million in 1Q 2019Loss of $(1.16) per share in 2Q 2019, or $(0.02) per share excluding non-cash charge for deferred taxes related to the Conversion, completed on May 31, 2019, vs. $(0.06) per share in 1Q 2019Achieved 2Q 2019 Adjusted EBITDA of $24.1 million, an increase of 40% vs. $17.2 million in 1Q 2019Reported total sand sales of 2,662,086 tons in 2Q 2019, an increase of 10% vs. 2,411,262 tons in 1Q 2019Completed record number of delivered last mile sand truckloads in 2Q 2019, an increase o...
Hi-Crush Inc. Announces Timing of Second Quarter 2019 Financial Result...
Hi-Crush Inc. Announces Timing of Second Quarter 2019 Financial Results and Conference Call HOUSTON, June 26, 2019 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), or “Hi-Crush”, today announced that it will release its second quarter 2019 results after market close on Tuesday, August 6, 2019. This release will be followed by a conference call for investors at 7:30 a.m. Central Time (8:30 a.m. Eastern) on Wednesday, August 7, 2019. Hosting the call will be Robert E. Rasmus, Chairman and Chief Executive Officer, and Laura C. Fulton, Chief Financial Officer. The call can be accessed live by ...
Hi-Crush Inc. Initiates $25 Million Stock Repurchase Program
Hi-Crush Inc. Initiates $25 Million Stock Repurchase Program HOUSTON, June 10, 2019 (GLOBE NEWSWIRE) -- Hi-Crush Inc. (NYSE: HCR), "Hi-Crush" or the "Company", today announced that the Board of Directors has approved a stock repurchase program of up to $25 million, effective immediately and authorized through June 30, 2020. “The Board authorized repurchase program and the recent purchases of shares by management reflect ongoing confidence in our strategy and strength of our balance sheet, and represents nearly 15% of our outstanding shares at last week’s closing price," said Robert E. Ra...
- Preston Caldwell
Morningstar | Falling Oil Prices Have Made Oilfield Service Stocks Ver...
Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breached 15-plus year lows. For oilfield service companies, we think the market is pricin...
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