This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GreenHunter Resources Reports Third Quarter 2013 Financial And Operating Results

GreenHunter Resources, Inc. (NYSE MKT: GRH and GRH.PRC) (the “Company”), a diversified water resource, fluids management and environmental services company specializing in the unconventional oil and natural gas shale resource plays, announced today financial results for the three months and the nine months ended September 30, 2013.
  • Total Revenues increased 119% to $10.7 million for the three months ended September 30, 2013 as compared to the similar period in 2012 of $4.9 million
  • Total Disposal Volumes increased 230% in the three months ended September 30, 2013 to 1.2 million barrels (BBL) injected compared to 522 thousand BBL injected in the similar period in 2012
  • Total Operating Salt Water Disposal Permitted Injection Capacity as of September 30, 2013 exceeded 94 thousand BBL per day representing a 343% increase from September 30, 2012
  • The Company recently executed a Letter of Intent to enter into a $35 million Second Lien Credit Facility with a closing anticipated prior to year-end.


GreenHunter reported revenues for the three months ended September 30, 2013 of $10.7 million, compared to $4.9 million reported during the Third Quarter of 2012. The increase in revenues of 119% or $5.8 million was driven primarily by increases in daily salt water disposal volumes as a result of both organic SWD capacity growth and acquisitions that resulted in a 343% increase in permitted operating injection capacity compared to one year ago. Additionally, billable trucking hours in the Appalachian region increased 33% to 12 thousand hours in the third quarter of 2013 compared to 9 thousand in the same period of 2012. The Company’s fleet of trucks increased to 39 vacuum trucks and 23 bobtail trucks during the third quarter 2013. During the third quarter of 2013, the Company recorded its first MAG Tank sale for $1.7 million.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 0.00%
FB $117.81 0.00%
GOOG $701.43 0.00%
TSLA $211.53 0.00%
YHOO $36.94 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs