Hi-Crush Partners Earnings: Everything You Must Know Now

Hi-Crush Partners LP (NYSE:HCLP) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Hi-Crush Partners LP Earnings Cheat Sheet

Revenue: Rose 44.86% to $19.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Hi-Crush Partners LP reported adjusted EPS income of $0.40 per share. By that measure, the company missed the mean analyst estimate of $0.50. It beat the average revenue estimate of $19.28 million.

Quoting Management: “We are pleased with our performance in the first quarter of 2013,” said Robert Rasmus, Co-Chief Executive Officer of Hi-Crush. “We continued to benefit from rising proppant intensity caused by increased drilling and completion efficiencies and an increase in the average number of frac stages per well. These trends, combined with a renewed push towards 24-hour operations, continue to support strong demand for our premium products. We saw increasing demand as we moved through the first quarter and see signs for continued strength in demand in the near-term.”

Key Stats (on next page)…

Revenue decreased 132.99% from $59.42 million in the previous quarter. EPS increased 14.29% from $0.35 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.52 to a profit $0.55. For the current year, the average estimate has moved up from a profit of $2.25 to a profit of $2.30 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)