Hi-Crush Partners is a pure play, low-cost, domestic producer and supplier of premium monocrystalline sand, a specialized mineral that is used as a proppant (“frac sand”) to enhance the recovery rates of hydrocarbons from oil and natural gas wells. Our reserves consist of Northern White sand, predominately found in Wisconsin and limited portions of the upper Midwest region of the United States, and is highly valued as a preferred proppant due to its favorable physical characteristics.
Hi-Crush Partners produces a range of frac sand sizes for use in all major U.S. shale basins and is one of the few Northern White sand producers with onsite rail capacity for unit trains. Substantially all of our frac sand production is sold to leading investment grade-rated pressure pumping service providers under long-term, take-or-pay contracts that require our customers to pay a specified price for a specified volume of frac sand each month.
Closing share price
|FY, 2012||FY, 2013||FY, 2014||FY, 2015||FY, 2016|
|$75.6 m||$28.9 m||$386.5 m||$339.6 m||$204.4 m|
Revenue growth, %
|$160.6 m||$78.3 m|
|$134 m||$42.2 m|
|$124 m||$28.4 m||($81.1 m)|
Operating cash flow
|($16 m)||$5.8 m|