Sand companies continue to rock:
Fairmount Santrol(FMSA) , a provider of sand-based proppant solutions, said Wednesday it expects volume for Q2 to improve quarter-on-quarter, citing positive tailwinds for the proppant market, as well as higher demand for coated proppants and increasing demand for coarser grade sands.
In a presentation for investors, the company said that it expects Q2 total volumes of 3.2 million to 3.5 million tons. This is up from Q1 volumes of 2.7 million tons. It also sees raw frac sand pricing to increase $7 - $9 per ton on average, and sees further pricing increases in Q3.
Moreover, it anticipates that proppant solutions cost per ton in Q2 will remain relatively flat to up slightly from Q1 levels.