Hi-Crush Inc. provided earnings guidance for the fourth quarter of fiscal 2019. For the fourth quarter of 2019, the company expects sand sales volumes, contribution margin per ton, and Adjusted EBITDA to decline as compared to the third quarter of 2019, driven by the impacts of E&P budget exhaustion and other seasonal factors on demand for frac sand and logistics services.

The company announced asset impairments for the third quarter ended September 30, 2019. For the quarter, the company announced asset impairments of $346,384,000.