US Silica reports improvement in Q4 frac sand sales
Published: Thursday, 23 February 2017
Although the company's y-o-y revenue dropped compared with 2015, improved sales in the fourth quarter in US Silica's oil and gas segment helped to buoy the company's quarterly results.
Silica (frac) sand supplier US Silica has reported a
narrowing of its net loss for the fourth quarter of 2016 to
$6.9m compared with a loss of $15.3m in Q4 2015.
Revenue for the quarter increased 34% year-on-year (y-o-y)
for Q4 2016 to $182.4m, which represented a 32%...