Emerge Energy Services LP reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported revenues of $130.506 million compared to $242.562 million a year ago. Operating loss was $6.359 million compared to operating income of $26.917 million a year ago. Loss before provision for income taxes was of $9.885 million compared to profit of $24.542 million a year ago. Net loss was $9.888 million or $0.41 per diluted share compared to net income of $24.418 million or $1.01 per diluted share a year ago. Adjusted EBITDA was $3.390 million compared to $36.311 million a year ago. Capital expenditures for the quarter were $11.6 million, which includes $351,000 of maintenance capital expenditures.

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.