Energy and Environmental Services, Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported sales revenues increased $332,500 or 27% from $1,209,100 in the third quarter 2017 to $1,541,600 for the nine months 2018. LBITDA was $58,300 compared to EBITDA of $131,400 a year ago. Net loss was $129,200 against income of $26,000 a year ago.

For the nine months, the company reported sales revenues increased $2,268,500 or 79% from $2,871,200 in the nine months 2017 to $5,139,700 for the nine months 2018. EBITDA was $166,000 compared to LBITDA of $570,000 a year ago. Net loss was $47,200 against $833,100 a year ago. Cash used in operations for the Nine Months 2018 was $923,500.

The company provides earnings guidance for 2018. For the period, the company expects that it has sufficient capacity to meet its cash needs and will continue to focus on generating EBITDA. The company believes its revenues will continue to increase and that it can contain its costs and expenses. The company expects that chemical sales will continue to grow with the newly separated product lines, improved customer service and strong oil and gas industry activity.