HCR earnings call for the period ending December 31, 2019.
News & Analysis: Hi-Crush Inc.
It has been a tough start of the year for the hydraulic fracking sand supplier.
Hi-Crush is in the middle of a big transition, and the ups and downs we've seen so far in 2019 will probably continue for a little while.
Several factors combined to fuel the frack sand producer last month.
The company tried to soften the blow by letting investors know that fourth-quarter earnings would be weak, but the market took the stock to town.
Not even the business' positive momentum has allowed the stock to escape the pessimism in oil markets.
U.S. Silica Holdings reported weaker than expected earnings, and it took the entire industry with it.
Distribution hike! Acquisition! New supply agreement! Capacity expansions! Today's press release had it all.
Hi-Crush has issued a lot of new equity lately, and now it's issuing another 25 million shares.