US Silica expects frac sand demand to rise further next year

Published: Thursday, 07 December 2017

United States-based sand company US Silica reported record earnings before interest, taxes, depreciation and amortization (Ebitda) of $96.7 million in the third quarter of 2017. The information was published in a report that came out after the close of trading on Monday November 6.

It cited "robust demand" for the company’s frac sand - used in the hydraulic fracturing process to extract oil and gas - as the main reason for the increased earnings, as well as record profitability for industrial silica sand. Third-quarter revenues at the company rose by about 150% year-on-year.

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