Emerge Energy Services LP announced unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported total Revenues were $62.961 million against $103.215 million a year ago. Net revenues decreased due to lower northern white volumes sold, shift in mix away from higher priced terminal sales and a decline in northern white prices. Operating income was $1.615 million against $9.596 million a year ago. Loss from continuing operations before provision for income taxes was $3.820 million against profit of $5.424 million a year ago. Net loss from continuing operations was $3.853 million against income of $5.482 million a year ago. Diluted loss per share from continuing operations were $0.12 against income of $0.18 a year ago. Net loss was $3.853 million against income of $5.014 million a year ago. Diluted loss per share were $0.12 against income of $0.16 a year ago. Adjusted EBITDA was $7.927 million against $18.743 million a year ago. For the three months ended September 30, 2018, Emerge Energy's capital expenditures totaled $8.3 million. EBITDA was $8.403 million against $16.107 million a year ago. EBITDA from continuing operations was $8.403 million against $16.575 million a year ago. Adjusted EBITDA from continuing operations was $7.927 million against $18.743 million a year ago. Cash flow from operating activities was $12.288 million against cash flow used in operating activities of $6.714 million a year ago.

For the nine months, the company reported total Revenues were $271.553 million against $261.161 million a year ago. Operating income was $29.449 million against $0.744 million a year ago. Income from continuing operations before provision for income taxes was $7.244 million against loss of $9.391 million a year ago. Net income from continuing operations was $7.061 million against loss of $9.333 million a year ago. Diluted earnings per share from continuing operations were $0.23 against loss of $0.42 a year ago. Net income was $7.061 million against loss of $12.458 million a year ago. Diluted earnings per share were $0.23 against loss of $0.52 a year ago. Adjusted EBITDA was $48.675 million against $26.345 million a year ago. EBITDA was $46,911 million against $17,246 million a year ago. EBITDA from continuing operations was $46,911 million against $20,371 million a year ago. Adjusted EBITDA from continuing operations was $48,675 million against $26,345 million a year ago. Cash flow from operating activities was $48,390 million against cash flow used in operating activities of $13,887 million a year ago.

For the quarter, the company reported volume of frac sand sold was 985,000 tons against 1,361,000 tons a year ago. Volume of non-frac sand sold was 88,000 tons against 119,000 tons a year ago. Total volume of sand sold was 1,073,000 tons against 1,480,000 tons a year ago. Total volume of frac sand produced was 1,042,000 tons against 1,375,000 tons a year ago.

For the nine months, the company reported volume of frac sand sold was 3,941,000 tons against 3,890,000 tons a year ago. Volume of non-frac sand sold was 224,000 tons against 233,000 tons a year ago. Total volume of sand sold was 4,165,000 tons against 4,123,000 tons a year ago. Total volume of frac sand produced was 3,979,000 tons against 4,032,000 tons a year ago.

The company is lowering full year 2018 Adjusted EBITDA guidance to a range of $50 million to $65 million.