Revenue during the quarter surged 59.86 percent to $83.36 million from $52.15 million in the previous year period. Gross margin for the quarter period stood at positive 7.74 percent as compared to a negative 0.01 percent for the previous year period. Operating margin for the quarter stood at negative 4 percent as compared to a negative 93.69 percent for the previous year period.

Operating loss for the quarter was $3.34 million, compared with an operating loss of $48.86 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $1.91 million compared to negative $11.20 million in the prior year second quarter. At the same time, adjusted EBITDA margin stood at 2.29 percent for the quarter compared to negative 21.49 percent in the last year period.

"The first quarter of 2017 was busy for our team and I’m very proud of how our employees continue to position Hi-Crush for the further increases in industry activity," said Robert E. Rasmus, chief executive officer of Hi-Crush. "The first quarter results were in line with our forecasts and represent the logical progression in recovering margins as we experience significant and sustainable increases in demand for frac sand, which are expected to drive a 50-60% sequential increase in our volumes for the second quarter. We are pleased with our progress toward achieving full utilization on our 10.4 million tons per year of existing Northern White capacity and bringing our new 3.0 million ton per year in-basin Kermit facility to market in the third quarter of 2017. We remain intensely focused on executing our plans using the basics that have made Hi-Crush an industry leader in cost structure and logistics flexibility, now on our expanded asset base and service offering."