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What: Shares of shale water management company Heckmann
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.
Interested in more info on Heckmann? Add it to your watchlist by clicking here.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
The Motley Fool owns shares of Heckmann. The Motley Fool has a disclosure policy.
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