Emerge Energy Services Lp Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Capital Expenditures Guidance for 2016
For the year, the company reported revenues of $711.639 million compared to $1,111.254 million a year ago. Operating income was $3.602 million compared to $97.722 million a year ago. Loss before provision for income taxes was of $8.907 million compared to profit of $89.717 million a year ago. Net loss was $9.411 million or $0.39 per diluted share compared to net income of $89.079 million or $3.70 per diluted share a year ago. Adjusted EBITDA was $48.386 million compared to $131.866 million a year ago.
The company currently expects total capital expenditures for 2016 to be approximately $22 million, which is in compliance with current credit agreement, including a rollover of unused CapEx availability from 2015.