Emerge Energy Services LP EMES, an energy services firm, engages mainly in mining, producing and silica sand distribution businesses. Moreover, the partnership has storage terminals and distributes refined motor fuels.
Emerge Energy Services continue to face challenging market conditions that is likely to hamper financials. This is reflected in the consensus estimate that has moved down in the last few weeks.
Currently, Emerge Energy has a Zacks Rank #3 (Hold) but that could change following its third quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Emerge Energy misses estimates. The partnership reported loss per unit of 49 cents wider than the Zacks Consensus Estimate of a loss of 15 cents.
Revenue: Revenues of approximately $176.3 million marginally surpassed the Zacks Consensus Estimate of $176 million.
Key Stats: Sand Segment’s adjusted EBITDA − earnings before interest, taxes, depreciation and amortization − fell over 88% from the year-earlier quarter to $4.2 million. A decline in sand sales and lower realizations affected the results. The Fuel unit reported operating loss of $4.6 million. Lower oil prices hampered results.
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