Emerge Energy Services LP reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company's revenues were $24,825,000 against $68,118,000 a year ago. Operating loss was $22,868,000 against income of $3,094,000 a year ago. Loss from continuing operations before provision for income tax was $28,149,000 against income of $774,000 a year ago. Net loss from continuing operations was $28,150,000 against income of $687,000 a year ago. Net loss was $22,897,000 against net income of $2,884,000 a year ago. Basic and diluted loss per common unit was $0.95 against basic and diluted earnings per common unit of $0.12 a year ago. Adjusted LBITDA was $10,683,000 against adjusted EBITDA of $16,968,000 a year ago. Capital expenditures were $6.1 million, which includes $264,000 of maintenance capital expenditures. Cash flows used in operating activities was $10,741,000 against cash flows from operating activities of $10,751,000 a year ago. Operating results improved for the quarter ended June 30, 2016, compared to the quarter ended March 31, 2016. This decrease in loss was primarily due to a $5.4 million write down of sand inventory. Basic and diluted loss per common unit from continuing operations were $1.17 against basic and diluted earnings per common unit from continuing operations of $0.03 earnings per share a year ago. LBITDA was $12,052,000 against EBITDA of $13,060,000 a year ago.

For the six months, the company's revenues were $54,495,000 against $164,362,000 a year ago. Operating loss was $52,696,000 against income of $14,846,000 a year ago. Loss from continuing operations before provision for income tax was $62,570,000 against income of $9,710,000 a year ago. Net loss from continuing operations was $62,591,000 against income of $9,442,000 a year ago. Net loss was $57,112,000 against income of $12,375,000 a year ago. Basic and diluted loss per common unit was $2.36 against basic and diluted earnings per common unit of $0.51 a year ago. Adjusted LBITDA was $20,196,000 against adjusted EBITDA of $45,382,000 a year ago. LBITDA was $33,789,000 against EBITDA of $32,394,000 a year ago. Cash flows used in operating activities was $13,032,000 against cash flows from operating activities of $39,913,000 a year ago. Basic and diluted loss per common unit from continuing operations were $2.59 against basic and diluted earnings per common unit from continuing operations of $0.39 earnings per share a year ago.

The company has significantly cut back its capital expenditure plans for 2016 to include only those projects that are necessary for current operations and/or for which are contractually obligated, such as its hydrotreaters and payments on Self Suspending Proppant patents. The company currently expects its total capital expenditures for 2016 to be below $15 million.