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U.S. Silica Holdings Inc (SLCA.N)

SLCA.N on New York Stock Exchange

10.78USD
18 Dec 2018
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$-0.51 (-4.52%)
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Latest Key Developments (Source: Significant Developments)

U.S. Silica Expects Substantial Rebound In Frac Sand Pricing And Margins By Q2, 2019- Conf Call
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - U.S. Silica Holdings Inc ::LOCAL SAND CAPACITY CONTINUES TO COME ONLINE, MOST OF THE CAPACITY ADDITIONS IN THE PERMIAN SO FAR- CEO, CONF CALL.INCREMENTAL LOCAL CAPACITY WILL PRESSURE NORTHERN WHITE SALES VOLS & MARGINS, CO EXPERIENCED THAT IN Q3-CONF CALL.AS MORE LOCAL MINES COME ONLINE, CO EXPECTS THAT HIGHER COST NORTHERN WHITE MINES WILL BE CLOSED- CEO, CONF CALL.IN Q3, LESS THAN 1/3 OF CO'S CONTRIBUTION MARGIN CAME FROM NORTHERN WHITE SALES- CEO, CONF CALL.CO ALSO STILL VERY ACTIVE ON THE M&A FRONT IN INDUSTRIAL AND SPECIALTY PRODUCTS SEGMENT- CEO, CONF CALL.MIDDLE OF AUGUST CO STARTED TO SEE SOME REDUCTIONS IN MARKET DEMAND FOR SAND- CEO, CONF CALL.CO SEES A CONTINUED SOFTNESS IN THE MARKET. LIKELY TO SEE A SEQUENTIAL DEMAND DECLINE FROM Q3 TO Q4- CEO, CONF CALL.ON THE OIL AND GAS SIDE, CO EXPECTATION IS THAT IT WILL BE FLAT IN VOLUMES Q3 VERSUS Q4- CEO, CONF CALL.INDUSTRIAL BUSINESS TO SEE SLIGHT SEASONAL DECLINE IN Q4- CEO, CONF CALL.CO HAD NO PRICE DECLINES FROM PERMIAN REGIONAL SALES, WHICH IS WHERE A LOT OF CO'S NEW CONTRACTS ARE- CONF CALL.SUPPLY-DEMAND GAP WILL TIGHTEN IN 2019 IN SPITE OF THE FACT THAT THERE IS MORE CAPACITY COMING ON LINE- CONF CALL.CO EXPECTS A PRETTY SUBSTANTIAL REBOUND IN PRICING AND MARGINS BY Q2, 2019- CONF CALL.CO FORECAST ABOUT 130 MILLION TONS OF DEMAND IN 2019 AND ABOUT 150 MILLION TO 155 MILLION TON OF SUPPLY- CONF CALL.  Full Article

U.S. Silica Holdings Announces Q3 Earnings Per Share $0.08
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - U.S. Silica Holdings Inc ::U.S. SILICA HOLDINGS, INC. ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE $0.08.Q3 REVENUE $423.2 MILLION VERSUS I/B/E/S VIEW $467.9 MILLION.Q3 EARNINGS PER SHARE VIEW $0.59 -- THOMSON REUTERS I/B/E/S.QTRLY OIL AND GAS VOLUMES UP 10 PERCENT SEQUENTIALLY.SAYS ANTICIPATES THAT ITS CAPITAL EXPENDITURES FOR 2018 WILL BE APPROXIMATELY $350 MILLION.QTRLY ADJUSTED EARNINGS PER SHARE $0.44."WE EXPECT TO SEE MORE HIGHER COST NORTHERN WHITE SAND CAPACITY IDLED IN THE NEXT FEW QUARTERS".  Full Article

U.S. Silica's Sandbox Unit Receives Final Judgment Against Arrows Up
Friday, 5 Oct 2018 

Oct 4 (Reuters) - U.S. Silica Holdings Inc ::U.S. SILICA'S SANDBOX UNIT RECEIVES FINAL JUDGMENT AGAINST ARROWS UP.U.S. SILICA HOLDINGS INC - REPORTS 10% Q3 PROPPANT VOLUME GROWTH DESPITE HEADWINDS.U.S. SILICA HOLDINGS - JUDGMENT REQUIRES ARROWS UP, LLC TO PAY SANDBOX $49.2 MILLION IN DAMAGES.U.S. SILICA HOLDINGS INC - EXPECT NORTHERN WHITE PROPPANT PRICING IN Q3 WILL BE DOWN SEQUENTIALLY.U.S. SILICA HOLDINGS INC - WEST TEXAS VOLUMES AND PRICING HELD UP WELL DURING QUARTER.U.S. SILICA HOLDINGS INC - JUDGE DECLARES SANDBOX OWNS ARROWS UP BOXES.  Full Article

Pioneer Natural Resources And U.S. Silica Announce West Texas Sand Supply Agreement
Wednesday, 12 Sep 2018 

Sept 11 (Reuters) - Pioneer Natural Resources Co ::PIONEER NATURAL RESOURCES COMPANY AND U.S. SILICA ANNOUNCE WEST TEXAS SAND SUPPLY AGREEMENT.PIONEER NATURAL RESOURCES CO - AGREEMENT SECURES A LONG-TERM SUPPLY OF SAND WITH U.S. SILICA FOR 15 YEARS.PIONEER NATURAL RESOURCES CO - PIONEER WILL PURCHASE AN INTEREST IN U.S. SILICA'S SAND RESERVES AT ITS LAMESA, TEXAS, MINE IN WEST TEXAS.PIONEER NATURAL RESOURCES CO - EXPECTS TO RECEIVE ITS INITIAL SAND VOLUMES DURING Q1 OF 2019.  Full Article

U.S. Silica Holdings Q2 Adjusted Earnings Per Share $0.64
Tuesday, 31 Jul 2018 

July 31 (Reuters) - U.S. Silica Holdings Inc ::U.S. SILICA HOLDINGS, INC. ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $0.22.Q2 REVENUE $427.4 MILLION VERSUS I/B/E/S VIEW $447.8 MILLION.Q2 EARNINGS PER SHARE VIEW $0.68 -- THOMSON REUTERS I/B/E/S.Q2 ADJUSTED EARNINGS PER SHARE $0.64.ANTICIPATES THAT ITS CAPITAL EXPENDITURES FOR 2018 WILL BE APPROXIMATELY $350 MILLION.FOR Q3, EXPECT VOLUMES IN OIL & GAS TO BE UP IN RANGE OF 20 TO 25 PERCENT.  Full Article

U.S. Silica Holdings Q3 earnings per share $0.50
Tuesday, 7 Nov 2017 

Nov 6 (Reuters) - U.S. Silica Holdings Inc ::U.S. Silica Holdings, Inc. announces third quarter 2017 results.Q3 earnings per share $0.50.Q3 revenue $345 million versus I/B/E/S view $330.7 million.Q3 earnings per share view $0.48 -- Thomson Reuters I/B/E/S.Q3 earnings per share $0.51 excluding items.U.S. Silica Holdings Inc qtrly ‍overall tons sold totaled 4.075 million, up 63% compared to 2.493 million tons sold in Q3 of 2016​.U.S. Silica Holdings Inc - sees capex for full year 2017 will be at high end of Q2 guidance or approximately $375 million​.  Full Article

UPDATE 2-U.S. Silica misses estimates, sees frac sand price recovery in 2019

Oct 23 U.S. Silica Holdings missed analysts' estimates for quarterly profit on Tuesday, as fewer oil well completions hit demand for its frac sand, and said it expected substantial price and margin recovery only in the second quarter of 2019.