Hi-Crush Partners

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.

Type
Public
HQ
Houston, US
Hi-Crush Partners is headquartered in Houston, US

Hi-Crush Partners Office Locations

Hi-Crush Partners has an office in Houston
Houston, US (HQ)
1350 3 Riverway

Hi-Crush Partners Data and Metrics

Hi-Crush Partners Financial Metrics

Hi-Crush Partners's revenue was reported to be $83.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

83.4 m

Gross profit (Q1, 2017)

11.3 m

Gross profit margin (Q1, 2017), %

14%

Net income (Q1, 2017)

(6.8 m)

EBIT (Q1, 2017)

(3.3 m)

Market capitalization (22-Aug-2017)

700.6 m

Cash (31-Mar-2017)

55.5 m
Hi-Crush Partners's current market capitalization is $700.6 m.
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

75.6 m28.9 m386.5 m339.6 m204.4 m

Revenue growth, %

(62%)1239%(12%)(40%)

Cost of goods sold

7.1 m10.1 m189.2 m

Gross profit

21.7 m376.5 m15.2 m

Gross profit Margin, %

75%97%7%

General and administrative expense

33.2 m

Operating expense total

33.2 m

EBIT

18.8 m134 m42.2 m(67.8 m)

EBIT margin, %

65%35%12%(33%)

Interest expense

3.7 m9.9 m13.8 m13.3 m

Net Income

18.5 m124 m28.4 m(81.1 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

82.7 m102.3 m102.1 m84 m81.5 m52.1 m38.4 m46.6 m83.4 m

Cost of goods sold

43.9 m55.6 m68.6 m63.7 m66.4 m52.7 m39.9 m46.3 m72.1 m

Gross profit

38.9 m46.7 m33.5 m20.3 m15.1 m(532 k)(1.5 m)216 k11.3 m

Gross profit Margin, %

47%46%33%24%19%(1%)(4%)0%14%

General and administrative expense

6.7 m6.2 m6.2 m5.7 m6 m13.6 m5.3 m7.9 m9.7 m

Operating expense total

6.7 m6.2 m6.2 m5.7 m6 m13.6 m5.3 m7.9 m9.7 m

EBIT

32.1 m40.4 m27.2 m14.4 m(14.7 m)(48 m)(7 m)(7.9 m)(3.3 m)

EBIT margin, %

39%40%27%17%(18%)(92%)(18%)(17%)(4%)

Interest expense

2.3 m3.1 m3.3 m3 m3.4 m3.5 m3.9 m2.8 m2.9 m

Net Income

29.8 m37.3 m23.9 m11.4 m(18.1 m)(51.5 m)(10.9 m)(10.8 m)(6.8 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

16 m4.6 m10.4 m4.3 m

Accounts Receivable

31.6 m82.1 m41.5 m52.8 m

Inventories

16.3 m23.7 m28 m24.3 m

Current Assets

66 m115.2 m84.4 m84.2 m

PP&E

113.3 m241.3 m276.5 m417 m

Goodwill

71.9 m66.8 m45.5 m10.1 m

Total Assets

302.1 m436.1 m419.6 m529.3 m

Accounts Payable

8.3 m24.9 m11.1 m18.2 m

Total Debt

200.4 m254.4 m196.4 m

Current Liabilities

15.3 m52.6 m22 m30.2 m

Total Liabilities

236.4 m

Debt to Assets Ratio

0.5 x0.6 x0.4 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

31.1 m20.6 m4.9 m6.9 m5 m5.6 m39.7 m24.8 m55.5 m

Accounts Receivable

46.9 m58.9 m63.1 m53.1 m53.5 m33.5 m23.8 m32.9 m60 m

Inventories

18.9 m22.4 m20.1 m28.1 m33.4 m20.7 m23.8 m34.7 m26 m

Current Assets

99.3 m105.2 m93.6 m92.9 m95.9 m65.3 m94 m98.5 m144.8 m

PP&E

202 m217.3 m258.5 m266.5 m262.3 m281.7 m282.2 m411.3 m834.8 m

Goodwill

68.3 m67.6 m66 m65.3 m45.9 m11.4 m10.9 m10.5 m9.7 m

Total Assets

379.9 m402.7 m430.6 m436.4 m417.8 m366.6 m394.6 m532.7 m1 b

Accounts Payable

13.1 m15.9 m18.1 m11.8 m13.8 m12.7 m7.6 m17.1 m37.9 m

Current Liabilities

32.4 m39.4 m36.4 m31.5 m33.5 m24.5 m14.8 m28.5 m53.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

18.5 m17.4 m28.4 m(81.1 m)

Depreciation and Amortization

15.4 m

Accounts Receivable

4.3 m3.4 m40.6 m(19.6 m)

Inventories

362 k(2.7 m)(2.4 m)3.9 m

Accounts Payable

(375 k)(775 k)(3.7 m)2 m

Cash From Operating Activities

18.4 m14.5 m87.3 m(26.6 m)

Cash From Investing Activities

(2.2 m)(8.2 m)(61.5 m)(126.4 m)

Long-term Borrowings

(14.9 m)(58.4 m)

Cash From Financing Activities

(7.6 m)2.2 m(20 m)146.3 m

Interest Paid

11.5 m11.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

29.8 m37.3 m23.9 m11.4 m(18.1 m)(51.5 m)(10.9 m)(10.8 m)(6.8 m)

Depreciation and Amortization

4.8 m

Accounts Receivable

46.9 m58.9 m63.1 m53.1 m53.5 m33.5 m23.8 m32.9 m60 m

Inventories

18.9 m22.4 m20.1 m28.1 m33.4 m20.7 m23.8 m34.7 m26 m

Accounts Payable

13.1 m15.9 m18.1 m11.8 m13.8 m12.7 m7.6 m17.1 m37.9 m

Hi-Crush Partners Market Value History

Traffic Overview of Hi-Crush Partners

Hi-Crush Partners Company Life and Culture

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