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Emerge Energy Services (EMES) Q1 Earnings Miss, Sales Top

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An Earnings Miss: Fracking sand player Emerge Energy Services L.P. EMES reported earnings per of 5 cents, lower than the Zacks Consensus Estimate 6 cents.

Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 30 days.

Coming to earnings surprise history, the partnership has a bad record: its underperformed estimates in three of the last four quarters, as shown in the chart below:

Emerge Energy Services LP Price and EPS Surprise

 

Emerge Energy Services LP Price and EPS Surprise | Emerge Energy Services LP Quote

Revenue Came in Higher than Expected: Revenues of $106.8 million were above the Zacks Consensus Estimate of $103.5 million.

Key Stats: Emerge Energy Services earnings come from its sand operations, which recorded adjusted EBITDA of $17.4 million. In the year-ago quarter, the company had generated a profit of $68,000.

Total sand volumes sold jumped by 20.1% year-over-year to 1,503,000 tons.

The partnership further stated that it will not pay a first-quarter distribution after generating insufficient cash during the period to do so.

Zacks Rank:Currently, Emerge Energy Services carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.

(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)

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