Carbo reports Q4 net loss as proppant sales more than halve

By Kasia Patel
Published: Friday, 29 January 2016

Carbo saw both revenue and sales decline, resulting in a $50m net loss for the fourth quarter of last year. The company is focusing on developing efficiency-enhancing technologies as new technology revenue tripled in 2015, driven by E&P firms trying to cut costs.

North American proppants supplier Carbo Ceramics has reported a GAAP net loss of $50m for the fourth quarter of 2015, compared with net income of $400,000 the previous year, as activity in the oil and gas sector continued to slow.

Revenues totalled $56.8m for the three months ending 31...

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