Smart Sand beats by $0.03, beats on revs :
- Reports Q3 (Sep) net of breakeven, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of ($0.03); revenues rose 21.1% year/year to $10.9 mln vs the $9.99 mln Capital IQ Consensus.
- Adj EBITDA was $4.5 million for the third quarter ended September 30, 2016 compared to Adjusted EBITDA of $3.5 million during same period last year, an increase of 29% on a year-over-year basis and an increase of 173% sequentially compared to second quarter of 2016 Adjusted EBITDA of $1.7 million.
- "We continue to see signs of recovery in the raw frac sand market as growth in activity in oil and gas drilling and completions continues to improve. We are confident that the scale of our operations, gradation of our sand reserves, and our dual-serve rail capabilities positions us well to be a strong competitor in the frac sand marketplace. We look forward to the future of Smart Sand."
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