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 $204.4 m in FY, 2016 which is a 40% decrease from the previous period.
USD

Revenue (FY, 2016)

204.4 m

Revenue growth (FY, 2015 - FY, 2016), %

(40%)

Gross profit (FY, 2016)

15.2 m

Gross profit margin (FY, 2016), %

7%

Net income (FY, 2016)

(81.1 m)

EBIT (FY, 2016)

(67.8 m)

Market capitalization (26-Jun-2017)

942 m

Closing share price (26-Jun-2017)

10.1

Cash (31-Dec-2016)

4.3 m

EV

1.1 b
Hi-Crush Partners's current market capitalization is $942 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 m78.3 m15.2 m

Gross profit Margin, %

75%97%23%7%

EBIT

18.8 m134 m42.2 m(67.8 m)

EBIT margin, %

65%35%12%(33%)

Net Income

18.5 m124 m28.4 m(81.1 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

Debt to Assets Ratio

0.5 x0.6 x0.4 x
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(20 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
Y, 2016

EV/EBIT

-16.7 x

EV/CFO

-42.6 x

Debt/Assets

0.4 x

Hi-Crush Partners Market Value History

Hi-Crush Partners Company Life and Culture

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