Oil, Gas and Consumable Fuels
Company Overview of Emerge Energy Services LP
Emerge Energy Services LP focuses on owning, operation, acquisition, and development of energy service assets in the United States. The company intends to engage in the mining and processing frac sand that is used for hydraulic fracturing of oil and natural gas wells for oilfield services companies in Wisconsin and Kosse, Texas. It also plans to involve in the acquisition, processing, separation, and sale of transportation mixture; sale of wholesale petroleum products; blending of renewable fuels; and provision of third-party terminaling services and tank cleaning services. Emerge Energy Services LP was formerly known as Emergent Energy Services LP and changed its name to Emerge Energy Servi...
1400 Civic Place
Southlake, TX 76092
Founded in 2012
Key Executives for Emerge Energy Services LP
Chief Executive Officer of Emerge Energy Services GP LLC
Total Annual Compensation: $445.5K
Chief Financial Officer of Emerge Energy Services GP LLC and Principal Accounting Officer of Emerge Energy Services GP LLC
Total Annual Compensation: $59.5K
Chief Executive Officer of Direct Fuels - Emerge Energy Services GP LLC
Total Annual Compensation: $149.5K
Compensation as of Fiscal Year 2012.
Emerge Energy Services LP Key Developments
Emerge Energy Services LP Enters into Third Amendment to the Revolving Credit and Security Agreement
Dec 12 13
On December 10, 2013, Emerge Energy Services LP entered into the third amendment to the revolving credit and security agreement, dated as of May 14, 2013, among the Partnership, as parent guarantor, each of its subsidiaries, as borrowers, PNC Bank, National Association, as administrative agent and collateral agent, and the other lenders party thereto. The Amendment amended the Credit Agreement to: increase the aggregate amount of the Lenders' revolving commitments from $150 million to $200 million; add two additional Lenders; and modify the commitment percentages of the Lenders. The Partnership, the Borrowers and PNC Bank previously entered into the first and second amendments to the Credit Agreement to revise certain administrative provisions in the Credit Agreement.
Emerge Energy Services LP Presents at Cowen and Company 3rd Annual Ultimate Oil Services and E&P Conference, Dec-04-2013 08:00 AM
Nov 18 13
Emerge Energy Services LP Presents at Cowen and Company 3rd Annual Ultimate Oil Services and E&P Conference, Dec-04-2013 08:00 AM. Venue: The New York Hilton Midtown Hotel, 1335 Avenue of the Americas, New York, NY 10019, United States.
Emerge Energy Services LP Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Earnings Guidance for the Fourth Quarter of 2013
Nov 14 13
Emerge Energy Services LP reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported total revenues of USD 270.241 million compared to USD 176.002 million a year ago. Income from operations was USD 17.102 million compared to USD 7.751 million a year ago. Income before provision for income taxes was USD 15.575 million compared to USD 4.749 million a year ago. Net income was USD 15.404 million compared to USD 4.729 million a year ago. Adjusted EBITDA was USD 25.967 million compared to USD 10.007 million a year ago. Distributable cash flow of USD 23.4 million for the three months ended September 30, 2013.
For the nine months, the company reported total revenues of USD 627.225 million compared to USD 452.432 million a year ago. Income from operations was USD 31.413 million compared to USD 22.987 million a year ago. Income before provision for income taxes was USD 21.475 million compared to USD 14.385 million a year ago. Net income was USD 21.179 million compared to USD 14.324 million a year ago. Basic and diluted earnings per common unit was USD 0.64 compared to USD 0.34 a year ago. Adjusted EBITDA was USD 60.565 million compared to USD 29.625 million a year ago.
The company expected that the fourth quarter 2013 will exceed projections contained in IPO Prospectus, and announce preliminary distribution guidance of USD 3.80 to USD 4.00 per unit for 2014.
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