GreenHunter Water 2Q13: Revenue Way Up, Losses Way Up Too

GreenHunter Resources and its subsidiary GreenHunter Water is a fracking wastewater recycler/disposal company focused on the Marcellus and Utica Shale region. GreenHunter released their second quarter financials and operational update yesterday. Wastewater is good for GreenHunter: revenue for the first six months of this year vs. last year is up a very big 172%, albeit it’s only $17.5 million in revenue. GreenHunter recently had good news with the approval of a new recycling/barge facility in Wheeling, WV (see Wheeling, WV Approves GreenHunter Frack Wastewater Facility).

However, all is not coming up roses for GreenHunter. The company is bleeding money with an operating loss of $2.1 million as of June 30th. They’ve just hired a new senior vice president/chief financial officer to help stem the bleeding…

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