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ARIS MINING REPORTS Q1 2025 GOLD PRODUCTION ACHIEVING 8% YEAR-OVER-YEAR GROWTH
Prnewswire· 2025-04-08 21:13
VANCOUVER, BC, April 8, 2025 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) reports gold production of 54,763 ounces (oz) for the first quarter of 2025 (Q1 2025), with 47,549 oz from Segovia and 7,214 oz from the Marmato Upper Mine.Q1 2025 Gold Production Highlights: Chart 1: Q1 2025 Gold Production (oz) Year-over-Year (CNW Group/Aris Mining Corporation) Positive trends across both the Segovia and Marmato operations, with a total gold production of 54,7 ...
All You Need to Know About Aris Water Solutions (ARIS) Rating Upgrade to Buy
ZACKS· 2025-03-27 17:01
Aris Water Solutions, Inc. (ARIS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. ...
Is Amadeus IT Group (AMADY) Outperforming Other Business Services Stocks This Year?
ZACKS· 2025-03-27 14:45
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Amadeus IT Group SA Unsponsored ADR (AMADY) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Amadeus IT Group SA Unsponsored ADR is one of 289 individual stocks in the Business Services sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of ...
Aris Water's Strategic Expansion: New Targets And Future Prospects
Seeking Alpha· 2025-03-15 12:28
I first wrote about Aris Water Solutions ( ARIS ) in July 2024, rating them a strong buy. Since then, the stock has risen 86% and passed the price target I set in that first article.I look at small to mid-cap companies with disruptive technology. I provide competitive analysis of companies and often research the founders and their previous endeavors. I follow, investigate and report on companies that I believe have growth potential and highlight some of the ones best avoided. I invest with a two-year time f ...
ARIS MINING REPORTS RECORD Q4 2024 FINANCIAL RESULTS WITH STRONG EBITDA GROWTH AND ANNOUNCES 25% CAPACITY EXPANSION AT MARMATO
Prnewswire· 2025-03-12 23:21
Core Insights - Aris Mining Corporation reported strong financial and operational results for Q4 2024, achieving its highest gold production of the year at 57,364 ounces and a significant increase in adjusted EBITDA to $55.6 million, reflecting operational efficiency and cost control measures [3][4][8]. Financial Performance - Q4 2024 gold production reached 57,364 ounces, up from 53,608 ounces in Q3 2024, contributing to a total of 210,955 ounces for the year [3][4]. - Adjusted EBITDA for Q4 2024 was $55.6 million, compared to $43.0 million in Q3 2024, while full-year adjusted EBITDA totaled $163.1 million [3][4][8]. - The company reported net earnings of $24.6 million or $0.16 per share for the full year, with adjusted earnings of $55.9 million or $0.35 per share [3][4][8]. Cost Metrics - The All-in Sustaining Cost (AISC) per ounce sold decreased to $1,485 in Q4 2024 from $1,540 in Q3 2024, resulting in an AISC margin of $58.3 million, a 32% increase from the previous quarter [3][4][9]. - The average realized gold price increased by 8% to $2,642 per ounce sold in Q4 2024 compared to Q3 2024 [7][9]. Operational Highlights - Segovia's processing facility expansion is on track for commissioning in Q2 2025, with an expected ramp-up to 3,000 tonnes per day (tpd) capacity by the end of 2025 [4][13]. - The Marmato Lower Mine expansion is being upgraded to a 5,000 tpd capacity, with construction costs estimated at $290 million, and production ramp-up expected to start in H2 2026 [5][12][13]. Production Guidance - For 2025, Aris Mining anticipates consolidated gold production between 230,000 and 275,000 ounces, with Segovia expected to produce between 210,000 and 250,000 ounces [14][19]. - The company aims for an annual production rate exceeding 500,000 ounces of gold following the ramp-up of Segovia and Marmato expansions [23][24]. Strategic Initiatives - Aris Mining is exploring partnerships with Colombia's small-scale mining sector to enhance production and operational efficiency [24]. - The company is also focused on diversifying its asset portfolio, including the Soto Norte joint venture and the Toroparu gold/copper project in Guyana [23][24].
ARIS MINING ANNOUNCES COLOMBIAN MINISTRY OF ENVIRONMENT RESOLUTION RELATED TO THE SANTURBÁN REGION
Prnewswire· 2025-03-05 22:42
VANCOUVER, BC, March 5, 2025 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces that the Colombian Ministry of Environment has completed the public consultation process initiated in November 2024 in respect of the resolution establishing a Temporary Reserve Area (TRA) in the Santurbán region of the Santander Department, where the Soto Norte Project is located. Effective March 4th, this resolution allows the Ministry of Environment to evaluate water resou ...
Aris Water Solutions(ARIS) - 2024 Q4 - Annual Report
2025-02-27 21:28
Operations and Capacity - As of December 31, 2024, the company has approximately 377,000, 324,000, and 300,000 barrels per day of recycled volumes sold for the years ended December 31, 2024, 2023, and 2022, respectively[13]. - The company operates 68 produced water handling facilities with a total capacity of approximately 1.9 million barrels per day as of December 31, 2024[62]. - The company has secured permits for an additional 195 miles of pipeline and 23 produced water handling facilities, providing a permitted handling capacity of approximately 0.7 million barrels per day[63]. - The company has 20 operational recycling facilities in the Delaware Basin with a treatment capacity of approximately 1.5 million barrels per day and access to 16.4 million barrels of storage capacity[65]. - As of December 31, 2024, the company has approximately 100 contracts with 37 different customers, covering approximately 625,000 dedicated acres[68]. - The company's largest customers, ConocoPhillips and Chevron U.S.A. Inc., represented approximately 53% of total revenue for the year ended December 31, 2024[69]. - The weighted average remaining life of the company's produced water handling acreage dedication contracts is approximately 6.8 years[69]. - The company has a total of approximately 100,000 barrels per day of minimum volume commitments (MVCs) with a weighted average remaining life of 2.1 years[72]. Financial Performance - Total revenue for the year ended December 31, 2024, was $435,444,000, representing an 11% increase from $392,118,000 in 2023[333]. - Produced Water Handling revenue increased by 16% to $345,352,000 in 2024, up from $297,529,000 in 2023, driven by a 78 kbwpd volume increase and higher prices[336]. - Adjusted Operating Margin per Barrel improved by 15% to $0.45 in 2024, compared to $0.39 in 2023, reflecting increased efficiency in operations[335]. - Produced Water Handling Volumes rose to 1,120,000 barrels per day in 2024, a 7% increase from 1,042,000 barrels per day in 2023[335]. - Net income for 2024 was $60,178,000, a 39% increase from $43,412,000 in 2023[333]. - General and Administrative expenses increased by 29% to $65,315,000 in 2024, up from $50,454,000 in 2023, indicating higher overhead costs[333]. - Skim Oil Volumes recovered increased by 38% to 1,688 barrels per day in 2024, compared to 1,219 barrels per day in 2023[335]. - Water Solutions revenue decreased by 6% to $62,942,000 in 2024, down from $66,625,000 in 2023, primarily due to a decrease in groundwater volumes sold[333]. - Other Revenue surged by 286% to $9,093,000 in 2024, up from $2,353,000 in 2023, driven by new agreements and capital recovery charges[333]. - Adjusted EBITDA for the year ended December 31, 2024, was $211.9 million, compared to $175.0 million in 2023, reflecting a significant increase in operational performance[355]. Regulatory Environment - The trend in U.S. environmental regulation is increasingly placing more restrictions on activities affecting the environment, which could materially impact the company's financial position[101]. - The company is subject to the Clean Water Act, which imposes strict controls on pollutant discharges into U.S. waters, requiring permits for compliance[106]. - Recent regulatory changes may broaden the scope of the Clean Water Act's jurisdiction, potentially increasing costs and permitting challenges for the company[109]. - The company operates in New Mexico and Texas, where state regulations require seismic activity assessments for new disposal wells to address concerns about induced seismicity[112]. - The company has faced regulatory scrutiny regarding underground injection wells, which may affect its ability to dispose of produced water and other substances[110]. - The company is required to submit daily injection and pressure volumes on a weekly basis due to regulatory requirements[114]. - The company faces potential operational impacts from new federal, state, or local restrictions on hydraulic fracturing, which could increase costs and affect service demand[121]. - The New Mexico Ozone Precursor Rule requires operators to reduce natural gas waste and achieve a reduction in ozone precursor pollutants of approximately 260 million pounds annually[127]. - The company entered into a Candidate Conservation Agreement in January 2023 to gain flexibility in project development in the lesser-prairie chicken range[131]. - The company may incur significant costs due to compliance with chemical safety regulations, including the Lautenberg Act, which requires safety reviews for all chemicals in commerce[132]. - The company is subject to various occupational safety and health regulations to protect worker health and safety, which may require compliance monitoring and disclosure[134]. Capital and Investments - The average outstanding debt balance was $442.5 million in 2024, with a slight decrease in the average interest rate to 7.655%[345]. - The company declared a total of $24.9 million in dividends for 2024, with a quarterly dividend of $0.09 per share for Q1 and $0.105 for the subsequent quarters[365]. - As of December 31, 2024, the company had a cash balance of $28.7 million and working capital of $22.8 million, indicating a stable liquidity position[362]. - The company plans to pursue strategic acquisitions to create synergies and enhance customer relationships while maintaining financial flexibility[358]. - Net cash used in investing activities was $145.6 million for the year ended December 31, 2024, compared to $149.6 million in 2023, with property, plant, and equipment expenditures decreasing from $169.7 million to $100.0 million[368]. - Capital expenditures for 2025 are expected to be between $85.0 million and $105.0 million, based on contracted customers' outlooks[373]. - The company has a Credit Facility with commitments of $350.0 million, maturing on October 12, 2027, and a leverage ratio covenant currently set at 4.50 to 1.00[374]. Asset Management and Valuation - The company recognized that fair value calculations for long-lived assets and intangible assets contain uncertainties due to the need for significant estimates and assumptions[399]. - The company evaluates the carrying value of long-lived assets for potential impairment when warranted by events and circumstances[399]. - The assumptions made in performing asset valuations require significant judgment, including discount rates and future revenue projections[398]. - Goodwill impairment assessment concluded no new impairment triggering events as of December 31, 2024[402]. - The fair value of reporting units is determined using a combination of income and market approaches, requiring significant estimates and assumptions[403][404]. - The company did not record any unrecognized tax benefits for the years ended December 31, 2024 and 2023[410]. - The estimated Tax Receivable Agreement liability was $98.9 million, up from $98.3 million in 2023[385]. - The company entered into a short-term insurance premium financing agreement for $8.8 million in Q4 2024, with a remaining balance of $6.7 million as of December 31, 2024[382]. Insurance and Risk Management - The company maintains various insurance policies, including general liability and pollution liability, to mitigate risks associated with physical damage and operational interruptions[98]. - The company is committed to evaluating its insurance policy limits as it continues to grow, ensuring adequate coverage for its operations and assets[98]. - The company temporarily curtailed one well in September 2023 due to a seismic event but returned it to pre-curtailment levels on November 1, 2023[114]. - The company operates four wells within the Hat Mesa Seismic Response Area (SRA) and has partially curtailed injection in one well by approximately 5 kbwpd as of December 31, 2024[114]. - The Stanton SRA was established in 2022, but the company no longer operates any wells within this area following the sale of its assets in Martin County in 2023[115]. - The Northern Culberson-Reeves SRA has not materially impacted the company's operations to date[116].
Aris Water Solutions(ARIS) - 2024 Q4 - Earnings Call Transcript
2025-02-27 18:13
Aris Water Solutions, Inc. (NYSE:ARIS) Q4 2024 Earnings Conference Call February 27, 2025 9:00 AM ET Company Participants David Tuerff - Senior Vice President-Finance & Investor Relations Bill Zartler - Founder & Executive Chairman Amanda Brock - President & Chief Executive Officer Stephan Tompsett - Chief Financial Officer Conference Call Participants John Mackay - Goldman Sachs Noah Katz - JPMorgan Praneeth Satish - Wells Fargo Jeffrey Campbell - Seaport Research Partners Derrick Whitfield - Texas Capital ...
Aris Water Solutions(ARIS) - 2024 Q4 - Earnings Call Presentation
2025-02-27 14:59
Aris Water Solutions, Inc. – Earnings Presentation Fourth Quarter and Full Year 2024 Cautionary Statements Forward-Looking Statements This presentation and the oral statements made in connection with this presentation contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, but are not limited to, statements, information, opinions or bel ...
Here's What Key Metrics Tell Us About Aris Water Solutions (ARIS) Q4 Earnings
ZACKS· 2025-02-27 01:31
Group 1 - Aris Water Solutions, Inc. reported $118.61 million in revenue for the quarter ended December 2024, reflecting a year-over-year increase of 13.9% [1] - The reported revenue exceeded the Zacks Consensus Estimate of $110.88 million by 6.97%, while the EPS of $0.17 matched the previous year's EPS, but fell short of the consensus estimate of $0.27 by 37.04% [1] - The stock has returned -4.4% over the past month, underperforming the Zacks S&P 500 composite's -2.3% change, and currently holds a Zacks Rank 3 (Hold) [3] Group 2 - Revenue per barrel of total volumes was $0.75, matching the average estimate, while direct operating costs per barrel were $0.35, slightly above the average estimate of $0.32 [4] - Total volumes reached 1,636 thousand barrels of water per day, surpassing the average estimate of 1,576.12 thousand barrels per day [4] - Revenue from Total Water Solutions including Affiliates was $25.98 million, exceeding the estimated $23.07 million and representing an 8.9% increase year-over-year [4] - Revenue from Total Produced Water Handling including Affiliates was $87.57 million, above the estimated $85.89 million, marking a 9.8% increase year-over-year [4]