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
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Hi-Crush Partners Financials and Metrics

Hi-Crush Partners Financials

Hi-Crush Partners's revenue was reported to be $204.4 m in FY, 2016
USD

Revenue (Q2, 2017)

135.2 m

Gross profit (Q2, 2017)

35.3 m

Gross profit margin (Q2, 2017), %

26%

Net income (Q2, 2017)

16.4 m

EBIT (Q2, 2017)

18.5 m

Market capitalization (22-Dec-2017)

920.3 m

Cash (30-Jun-2017)

27.5 m

EV

1.1 b
Hi-Crush Partners's current market capitalization is $920.3 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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

12.6 m55.8 m82.7 m102.3 m102.1 m84 m81.5 m52.1 m38.4 m46.6 m83.4 m135.2 m

Cost of goods sold

2.8 m38.3 m43.9 m55.6 m68.6 m63.7 m66.4 m52.7 m39.9 m46.3 m72.1 m99.9 m

Gross profit

9.8 m17.5 m38.9 m46.7 m33.5 m20.3 m15.1 m(532 k)(1.5 m)216 k11.3 m35.3 m

Gross profit Margin, %

78%31%47%46%33%24%19%(1%)(4%)0%14%26%
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

20 m7.4 m31.1 m20.6 m4.9 m6.9 m5 m5.6 m39.7 m24.8 m55.5 m27.5 m

Accounts Receivable

23.1 m38.5 m46.9 m58.9 m63.1 m53.1 m53.5 m33.5 m23.8 m32.9 m60 m88.9 m

Inventories

15.2 m8.4 m18.9 m22.4 m20.1 m28.1 m33.4 m20.7 m23.8 m34.7 m26 m38.6 m

Current Assets

60.7 m57 m99.3 m105.2 m93.6 m92.9 m95.9 m65.3 m94 m98.5 m144.8 m158.1 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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

9.1 m14.3 m29.8 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
Y, 2017

EV/EBIT

58.7 x
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Hi-Crush Partners Market Value History

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Hi-Crush Partners Company Life and Culture

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