Hi-Crush Partners’ (HCLP) capital expenditures in 1Q17 were $20.4 million. The company expects 2017 capital expenditures to be $115 million–$125 million. In 1Q17, Emerge Energy Services’ (EMES) capital spending was $1.4 million.
The above graph compares Emerge Energy Services and Hi-Crush Partners’ DCF (distributable cash flow) and capital expenditures in the last five quarters.
Distributable cash flow
Emerge Energy Services reported negative DCF of -$4.2 million in 1Q17. Hi-Crush Partners managed to produce DCF of barely $0.1 million in 1Q17 after several quarters of negative DCF.
Emerge Energy Services and Hi-Crush Partners haven’t paid any distributions since 2Q15.