An Earnings Miss: Fracking sand player Emerge Energy Services L.P. reported earnings per unit of 30 cents, lower than the Zacks Consensus Estimate 38 cents.

Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 30 days.

Coming to earnings surprise history, the partnership has a bad record: its underperformed estimates in three of the last four quarters, as shown in the chart below:

Revenue Came in Lower than Expected: Revenues of $101.8 million were below the Zacks Consensus Estimate of $123 million.

Key Stats: Emerge Energy Services earnings come from its sand operations, which recorded adjusted EBITDA of $23.4 million. In the year-ago quarter, the company had generated a profit of $7.5 million.

Total sand volumes sold jumped by 14.2% year-over-year to 1,589,000 tons.

The partnership further stated that it will not pay a second-quarter distribution after generating insufficient cash during the period to do so.

Zacks Rank: Currently, Emerge Energy Services carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.

(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)

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