Friday, January 17, 2025

U.S. Silica Not Shutting Plants: Oil & Gas Volumes Up 10%

In its Q3 conference call Sand giant U.S. Silica (ticker: SLCA) President and CEO Bryan Shinn made some interesting comments about Northern White pricing and capacity shut-ins by competitors. Highlights from Q3: Third quarter revenue of $423.2 million GAAP and adjusted EPS for the quarter of $0.08 and $0.44, respectively Oil and Gas volumes up 10 percent sequentially Strong operating