Hi-Crush Partners LP Announces Sales Results for the Third Quarter Ended September 30, 2018; Provides Earnings Guidance for the Third Quarter Ended September 30, 2018
The company provided earnings guidance for the third quarter ended September 30, 2018. The Partnership estimates, on a preliminary basis, that revenues for the third quarter of 2018 will be within a range of $210.0 to $215.0 million. Net income for the third quarter of 2018 is estimated to be within a range of $25.0 to $27.0 million, and earnings before interest, taxes, depreciation and amortization adjusted for earnings from equity method investments ("Adjusted EBITDA") for the third quarter 2018, is estimated to be within a range of $49.0 to $51.0 million. EBITDA is estimated to be within a range of $44.5 to $46.5 million. Distributable cash flow is estimated to be within a range of $38.5 to $40.5 million.