Company Quick10K Filing
Emerge Energy Services
10-K 2018-12-31 Filed 2019-10-18
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-08-03
10-Q 2018-03-31 Filed 2018-05-03
10-K 2017-12-31 Filed 2018-03-01
10-Q 2017-09-30 Filed 2017-11-02
10-Q 2017-06-30 Filed 2017-08-04
10-Q 2017-03-31 Filed 2017-05-04
10-K 2016-12-31 Filed 2017-03-01
10-Q 2016-09-30 Filed 2016-11-02
10-Q 2016-06-30 Filed 2016-09-12
10-Q 2016-03-31 Filed 2016-09-12
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-09-30 Filed 2015-11-20
10-Q 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-03-02
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-08-08
10-Q 2014-03-31 Filed 2014-05-09
10-K 2013-12-31 Filed 2014-03-25
10-Q 2013-09-30 Filed 2013-11-14
10-Q 2013-06-30 Filed 2013-08-14
10-Q 2013-03-31 Filed 2013-06-19
8-K 2020-04-15 Officers
8-K 2020-02-20 Officers
8-K 2020-01-15 Officers
8-K 2019-12-18 Bankruptcy, Exhibits
8-K 2019-11-11 Impairments
8-K 2019-07-19 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-07-15 Bankruptcy, Off-BS Arrangement
8-K 2019-06-06 Officers
8-K 2019-05-31 Regulation FD, Exhibits
8-K 2019-05-17 Officers, Regulation FD, Exhibits
8-K 2019-04-23 Officers, Exhibits
8-K 2019-04-18 Enter Agreement, Regulation FD, Exhibits
8-K 2019-04-03 Other Events, Exhibits
8-K 2019-03-27 Regulation FD, Exhibits
8-K 2019-02-28 Enter Agreement, Exhibits
8-K 2019-01-31 Officers, Exhibits
8-K 2019-01-31 Enter Agreement, Exhibits
8-K 2018-12-31 Enter Agreement, Exhibits
8-K 2018-12-07 Officers, Exhibits
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-08-01 Earnings, Exhibits
8-K 2018-05-01 Earnings, Exhibits
8-K 2018-02-26 Earnings, Exhibits
8-K 2018-01-05 Enter Agreement, Off-BS Arrangement, Sale of Shares, Exhibits

Emerge Energy Services Financials

EMES Metrics, Comps, Filings

Quarterly | Annual

Business

Emerge Energy Services LP ("Emerge") is a Delaware limited partnership that completed its initial public offering ("IPO") on May 14, 2013, to become a publicly traded partnership. The combined entities of Superior Silica Sands LLC ("SSS"), a Texas limited liability company, and Allied Energy Company LLC ("AEC"), an Alabama limited liability company, represent the predecessor for accounting purposes (the "Predecessor") of Emerge.

Immediately prior to the closing of the IPO, Insight Equity Management Company LLC and its affiliated investment funds and its controlling equity owners, Ted W. Beneski and Victor L. Vescovo (collectively "Insight Equity") conveyed all of the interests in SSS and AEC to the Partnership as a capital contribution, and the Partnership conveyed its interests in SSS and AEC to the Partnership's subsidiary Emerge Energy Services Operating LLC ("Emerge Operating"), a Delaware limited liability company. In addition, the Partnership purchased Direct Fuels LLC ("Direct Fuels"), a Delaware limited liability company, through a combination of cash, issuance of common units, and assumption of debt, and the Partnership conveyed all of the interest in Direct Fuels to Emerge Operating. Therefore, the historical financial statements contained in this Form 10-K reflect the combined assets, liabilities and operations of the Partnership, SSS and AEC for periods ending before May 14, 2013 and the assets, liabilities and operations of the Partnership and all of its subsidiaries for periods beginning on or after May 14, 2013.

On August 31, 2016, Emerge completed the sale of its Fuel business pursuant to an Amended and Restated Purchase and Sale Agreement, dated August 31, 2016 (the "Fuel Business Purchase Agreement"), with Susser Petroleum Operating Company LLC and Sunoco LP (together, "Sunoco"). Sunoco paid Emerge a purchase price of $167.7 million in cash (subject to certain working capital and other adjustments in accordance with the terms of the Fuel Business Purchase Agreement), of which $14.25 million was placed into several escrow accounts to satisfy potential claims from Sunoco for indemnification under the Restated Purchase Agreement. Any escrowed funds remaining after certain periods of time set forth in the Restated Purchase Agreement will be released to Emerge, provided that no unsatisfied indemnity claims exist at such time. See Note 3 to our Condensed Consolidated Financial Statements for further discussion.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Martin Marietta Materials (MLM) 17,161 25% 20.7 5% 10,223 4,919 3,639 920 481 977 20,182
Chemical & Mining Co of Chile (SQM) 10,044 0% 4,268 2,130 0 0 0 0 9,941
MDU Resources Group (MDU) 5,655 0% 12.4 4% 7,731 2,754 5,168 0 319 630 7,834
Compass Minerals (CMP) 1,900 21% 14.9 2% 2,330 1,870 1,477 309 57 222 3,291
Hecla Mining (HL) 936 -0% 23.1 -3% 2,673 1,057 448 -2 -92 65 1,507
US Silica Holdings (SLCA) 697 28% -29.6 -10% 3,009 2,004 1,135 316 -292 -59 1,746
United States Lime & Minerals (USLM) 461 25% 9.1 9% 274 31 155 39 25 42 381
Intrepid Potash (IPI) 422 11.7 2% 574 142 0 48 12 39 458
Covia (CVIA) 285 9% 9.1 -2% 4,014 2,593 1,723 148 -81 172 1,563
Smart Sand (SND) 107 27% 3.9 7% 372 131 238 63 25 34 135
Emerge Energy Services (EMES) 52 0% 5.9 3% 211 283 272 0 7 47 275
Centrus Energy (LEU) 33 7% -0.9 -13% 451 1,118 238 16 -59 -54 47
Teck Resources (TECK)
Asanko Gold (AKG)
Gold Standard Ventures Corporation (GSV)
Energy Fuels (UUUU)
Ciner Resources (CINR) 31% 1.2 16% 490 202 397 123 79 104 121
Hi-Crush Partners (HCLP) 30% 1.1 13% 1,439 607 897 270 192 247 269
Hi-Crush (HCR) 11% -1.3 -35% 1,153 731 673 75 -402 -306 401
Summit Materials (SUM) 23% 4.6 2% 4,042 2,655 2,111 483 63 368 1,693

Balance Sheet ($MM)2013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-31
Cash21523251237636211130020169134
Accounts Receivable
Inventory183230412733333230423943222018171321272815193327
PP&E120136135183190220272292289297303308176172170236163181178272294317328243
Assets200332340323332389427437419419414420378383248250261281296309325329329211
Accounts Payable2330323635343821222719185912111226211922253023
Long-Term Debt14011310994108170189222231249273296295304146134153169179176204198196227
Liabilities181166165152165228265282287307330345337364209195218243253260269263266283
Stockholders' Equity1916717517116716216215513311284754119244844384349576763-72
Income Statement ($MM)2013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-31
Revenue15320527024627430229624320420117613130253143758310310310710263
Cost of Revenue
Gross Profit
R&D
SG&A356138910121088874556777974
Tax000000000000000-000-00000
Net Income10-415141820262493-12-10-34-235-21-11-65619-4
Cash Flow ($MM)2013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-31
Cash Operating107231920103225291135-2-15-136-71112
Cash Investing-8-25-3-3-6-35-28-19-9-7-7-11-5-6153-1-22-2-30-8
Cash Financing-130-12-36-1032-12-3-21-7721-2-1411615922-3