- Revenues were $93.1 million and increased sequentially from the second quarter of 2012, with increased revenue in both the Fluids Management Division (formerly Heckmann Water Resources, or HWR) and the Recycling Division (formerly Heckmann Environmental Services, or HES).
- Adjusted EBITDA 3 was $17.3 million – adjustments relate only to stock-based compensation, transaction costs and a loss on the disposal of assets, and did not consider any operating adjustments as had been recorded in past quarters. GAAP EBITDA also increased sequentially.
- Cash balance increased by $6.5 million during the quarter to $11.7 million at quarter end, more than doubling.
- Capital expenditures excluding acquisitions during the third quarter were $7.0 million – net cash capital expenditures (after asset sales) were $1.9 million.
- During the quarter, the Company completed the acquisition of a majority interest in Appalachian Water Services, LLC (AWS), a wastewater treatment and recycling facility in the Marcellus Shale area, for approximately 3.3 million shares of Heckmann common stock.
Heckmann Corporation Announces Shareholder Approval Of Power Fuels Merger And Third Quarter 2012 Financial Results
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