Southlake, Texas - April 23, 2014 - Emerge Energy Services LP ("Emerge Energy") today announced that the board of directors of its general partner has declared a cash distribution of $1.13 for the first quarter of 2014, which includes $0.05 of distributable cash flow that was reserved in the third quarter of 2013. This total distribution represents a 13% increase over the fourth quarter 2013 distribution of $1.00 per unit. The distribution will be paid on May 14, 2014 to all unitholders of record as of May 6, 2014.
Emerge Energy today announced it will release its first quarter 2014 results on Monday, May 5, 2014. A conference call to discuss the first quarter 2014 financial and operating results will be held on Monday, May 5, 2014 at 3 p.m. CDT. Callers may listen to the live presentation, which will be followed by a question and answer segment, by dialing (866) 202-3048 or (617) 213-8843 and entering pass code 49005202. An audio webcast of the call will be available at www.emergelp.com within the Investor Relations portion of the website under the Webcasts & Presentations section. A replay will be available by audio webcast and teleconference from 7:00 p.m. CDT on May 5 through 11:59 p.m. CDT on May 19, 2014. The replay teleconference will be available by dialing (888) 286-8010 or (617) 801-6888 and the reservation number 58395596.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent of Emerge Energy`s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Emerge Energy`s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
About Emerge Energy Services LP
Emerge Energy Services LP (EMES) is a growth-oriented limited partnership engaged in the businesses of mining, producing, and distributing silica sand, a key input for the hydraulic fracturing of oil and gas wells. Emerge Energy also processes transmix, distributes refined motor fuels and biodiesel, operates bulk motor fuel storage terminals, and provides complementary services.
This release contains certain statements that are "forward-looking statements." These statements can be identified by the use of forward-looking terminology including "may," "believe," "will," "expect," "anticipate," or "estimate." These forward-looking statements involve risks and uncertainties, and there can be no assurance that actual results will not differ materially from those expected by management of Emerge Energy. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Emerge Energy`s annual report on Form 10-K. The risk factors and other factors noted in the annual report could cause its actual results to differ materially from those contained in any forward-looking statement. Except as required by law, Emerge Energy does not undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur after the date hereof.
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Emerge Energy Services LP via GlobeNewswire