Yahoo Finance Emerge Energy Services LP Provides Update on Cash Distributions and Announces Date for Earnings Release
Southlake, Texas - May 3, 2016 - Emerge Energy Services LP ("Emerge Energy") today announced that, in accordance with its cash distribution policy as determined by the board of directors of its general partner, it will not make a cash distribution on its common units in respect of the three months ended March 31, 2016. Emerge Energy did not generate available cash to distribute for the three months ended March 31, 2016 due to the challenging oil and natural gas frac sand market and the volatility in wholesale fuel prices during this period. The board of directors of Emerge Energy`s general partner will evaluate the amount of Emerge Energy`s cash distributions to unitholders in respect of future quarters in light of Emerge Energy`s cash distribution policy, then-prevailing market conditions, and restrictions under its amended revolving credit and security agreement.
Emerge Energy today also announced it will release its first quarter 2016 results before the financial markets open on Tuesday, May 10, 2016. A conference call to discuss the first quarter 2016 financial and operating results will be held on Tuesday, May 10, 2016 at 2 p.m. CDT. Callers may listen to the live presentation, which will be followed by a question and answer segment, by dialing (855) 850-4275 or (720) 634-2898 and entering pass code 99630501. An audio webcast of the call will be available at www.emergelp.com within the Investor Relations portion of the website under the Webcasts & Presentations section. A replay will be available by audio webcast and teleconference for seven days following the conclusion of the call. The replay teleconference will be available by dialing (855) 859-2056 or (404) 537-3406 and the reservation number 99630501.
About Emerge Energy Services LP
Emerge Energy Services LP (EMES) is a growth-oriented limited partnership engaged in the business of mining, producing, and distributing silica sand, a key input for the hydraulic fracturing of oil and natural gas wells. Emerge Energy also processes transmix, distributes refined motor fuels, operates bulk motor fuel storage terminals, and provides complementary fuel services. Emerge Energy operates its sand segment through its subsidiary Superior Silica Sands LLC and its fuel segment through its subsidiaries Direct Fuels LLC and Allied Energy Company LLC.
Forward-Looking Statements
The presentation contains certain statements that are "forward-looking statements." These statements can be identified by the use of forward-looking terminology including "may," "believe," "will," "expect," "anticipate," or "estimate." These forward-looking statements involve risks and uncertainties, and there can be no assurance that actual results will not differ materially from those expected by management of Emerge Energy. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Emerge Energy`s Annual Report on Form 10-K filed with the SEC. The risk factors and other factors noted in the Annual Report could cause actual results to differ materially from those contained in any forward-looking statement. Except as required by law, Emerge Energy does not undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur after the date hereof.
PRESS CONTACT
Investor Relations
(817) 865-5830
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Emerge Energy Services LP via GlobeNewswire
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