Emerge Energy Services LP reported consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, total revenues were $103,141,000 against $42,619,000 a year ago. Income from operations was $10,584,000 against loss of $18,326,000 a year ago. Income from continuing operations before provision for income taxes was $5,755,000 against loss of $20,889,000 a year ago. Net income from continuing operations was $5,626,000 against loss of $20,669,000 a year ago. Net income was $5,626,000 against loss of $20,775,000 a year ago. Adjusted EBITDA was $18,638,000 against loss of $10,648,000 a year ago. Basic and diluted earnings per common unit were $0.18 against loss of $0.80 a year ago. EBITDA was $17,063,000 against loss of $12,885,000 a year ago. Cash flows from operating activities was $11,784,000 against cash flows used in operating activities of $19,491,000 a year ago. Distributable cash flow was $13,426,000. Capital expenditures totaled $2.0 million.

For the year, total revenues were $364,302,000 against $128,399,000 a year ago. Income from operations was $11,328,000 against loss of $89,596,000 a year ago. Loss from continuing operations before provision for income taxes was $3,636,000 against $113,406,000 a year ago. Net loss from continuing operations was $3,707,000 against $113,215,000 a year ago. Net loss was $6,832,000 against $72,770,000 a year ago. Adjusted EBITDA was $44,983,000 against loss of $37,354,000 a year ago. Basic and diluted loss per common unit was $0.23 against $2.92 a year ago. EBITDA was $34,309,000 against loss of $28,396,000 a year ago. EBITDA from continuing operations was $37,434,000 against loss of $72,941,000 a year ago. Cash flows used in operating activities was $2,103,000 against $47,326,000 a year ago.

The frac sand market remains strong as the company begins 2018, and expects another year of substantial improvement in profitability during 2018 for business. The company is updating 2018 guidance to $120 million in adjusted EBITDA and $60 million in net income.