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 #5 (Strong Sell) but that could change following its second 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 on earnings. Earnings per unit came in at 12 cents, substantially below the Zacks Consensus Estimate of 22 cents.
Revenue: Revenues of approximately $201 million, however, surpassed the Zacks Consensus Estimate of $185 million.
Key Stats: Sand Segment’s adjusted EBITDA − earnings before interest, taxes, depreciation and amortization − fell nearly 40% from the year-earlier quarter to $13.9 million. A decline in sand sales, lower realizations and higher logistics costs negatively affected the results.
The Fuel unit reported adjusted EBITDA of $5.4 million against the year ago profit of $9.8 million. Lower sales volumes and margins hampered the results.
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