Hi-Crush Partners LP reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, revenues were $83,364,000 against $52,148,000 a year ago. Loss from operations was $3,338,000 against $48,860,000 a year ago. Net loss was $6,831,000 against $52,500,000 a year ago. Loss per basic and diluted limited partner unit was $0.07 against $1.39 a year ago. EBITDA was $1,345,000 against LBITDA of $44,949,000 a year ago. Adjusted EBITDA was $1,911,000 against adjusted LBITDA of $11,204,000 a year ago. Net cash from operating activities was $3,706,000 against cash used in operating activities of $4,239,000 a year ago. Revenues for the first quarter of 2017 increased due to generally higher pricing and the sequential increase in sales volumes, combined with the impact of higher volumes sold in-basin during the period. EBITDA was negatively impacted in the quarter by a key nonrecurring items, notably, about $800,000 for the diversion and switching fees they incurred pulling the last of railcars out of paid storage to meet growing demand as well as the quarterly storage fees they will no longer pay.

For the second quarter of 2017, the company is expecting volumes to increase between 50% and 60% sequentially, resulting in total volumes in the range of 2 million to 2.2 million tons. The company is expecting G&A to be around $8 million each quarter. The company expects to increase positive distributable cash flow in the second quarter, and the company remains committed to distribution growth and continue to expect to resume distribution by the end of the year. CapEx is expected to be in the range of $115 million to $125 million for the year, including the construction of the Kermit plant and the Pecos terminal, required equipment as they add PropStream crews, removal of overburden required for excavation and other projects at the plants and terminals.