Fairmount Santrol sees sequential improvement in revenues
Published: Friday, 04 November 2016
Although uncertainty continues to prevail in the oil and gas sector, the company saw frac sand volumes and revenue improve on a sequential basis, indicating early signs of improvement in the proppant market.
Proppant supplier Fairmount Santrol saw its revenue decline
year-on-year (y-o-y) to $134.78 in the third quarter of 2016 as
challenging conditions continued in the oil and gas
sector.However, the company reported an 18% increase in
revenues sequentially, while total volumes sold also increased
24% quarter-on-quarter to 2.4m tonnes....