U.S. Silica Holdings returned to the black as improved Northern White frac sand
pricing and its Sandbox last-mile logistics service delivered record loads. The company
is also preparing for a rough H2 it said could cause Permian competitors to close mines,
although it has yet to see the expected slowdown in Q3.
The Oil & Gas segment contribution margin of $71.5 million showed the
impact of two trends felt throughout the frac sand industry. The Q2 margin was
down 38%......
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