Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of shale water management company Heckmann (NYSE: HEK) fell 22% today after the company released earnings.

So what: Management said second-quarter revenue more than doubled to $90.8 million and net income reached $10.7 million, or $0.07 per share. Earnings topped the $0.02 mark analysts had set, but revenue fell well short of the $98.9 million they thought Heckmann would hit. The revenue miss drove home a concern in the sector as investors worry about reduced natural gas drilling in the U.S.

Now what: The numbers might not have met expectations today, but I still see a bright future ahead for Heckmann. The company's services are in high demand for drillers, and the company is growing rapidly, despite the revenue miss. The company is also growing profits quickly, which I think will help drive shares higher. Today is a great discount for investors eyeing shares in this shale service provider.

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