GreenHunter Resources 2Q14: Still Waiting to Launch

waiting to launchGreenHunter Resources (i.e. GreenHunter Water) issued their second quarter 2014 update yesterday. We have the update below so you can read through it. Our quick take: GreenHunter is still “waiting to launch.” They are an important player in the freshwater/wastewater management arena for the Marcellus and Utica region. But the company is small (total revenue for the first six months of 2014 was just north of $15 million). According to GreenHunter’s COO, the projects they’re working on for the rest of this year and in 2015 will take the business “to an entirely new level.” If the Coast Guard allows them to launch barge shipments, we think he’s right. Revenue for the first six months of 2014 is up a very health 45%, and the bleeding (losses) have slowed from $0.30 per share for the first six months in 2013 to $0.14 per share for the first six months of 2014…

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