Southlake, Texas - January 23, 2014 - Emerge Energy Services LP ("Emerge") today announced that the board of directors of its general partner has declared a cash distribution of $1.00 for the fourth quarter of 2013, which includes $0.05 of distributable cash flow that was reserved in the third quarter. This total distribution represents a 16% increase over the third quarter distribution of $0.86 per unit. The distribution will be paid on February 14, 2014 to all unitholders of record as of February 6, 2014.
Emerge today announced it will release its fourth quarter 2013 results on Thursday, March 13, 2014. A conference call to discuss the fourth quarter 2013 financial and operating results will be held on Thursday, March 13, 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) 515-2910 or (617) 399-5124 and entering pass code 20031865. An audio webcast of the call will be available at www.emergelp.com within the Investor Relations portion of the website under the Presentations section. A replay will be available by audio webcast and teleconference from 7:00 p.m. CDT on March 13 through 10:59 p.m. CDT on April 10, 2014. The replay teleconference will be available by dialing (888) 286-8010 or (617) 801-6888 and the reservation number 90355677.
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`s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Emerge`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 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 Services LP. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the registration statement filed with the SEC in connection with its initial public offering. The risk factors and other factors noted in the registration statement could cause its actual results to differ materially from those contained in any forward-looking statement. Except as required by law, Emerge Energy Services LP 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