Fairmount Santrol sees sequential improvement in revenues

By Kasia Patel
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....

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