GreenHunter Energy 3Q12: Wastewater Volume Way Up, Revenue Up
GreenHunter Energy, a company specializing in the treatment of drilling wastewater, released their third quarter update yesterday. They report revenues were up ($4.9 million in 3Q12 compared to $230,000 for 3Q11), although net loss for stockholders was also up ($15.2 million in 3Q12 vs. $1 million in 3Q11). GreenHunter’s wastewater treatment volume is up 129% over the previous quarter—a lot of that coming from the Marcellus and Utica Shale region.
GreenHunter’s 3Q12 financial and operational update: