Aris Water Solutions, Inc. (ARIS) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.52%. A quarter ago, it was expected that this company would post earnings of $0.19 per share when it actually produced earnings of $0.17, delivering a surprise of -10.53%.Over the last four quarters, t ...

Financial Performance - Net income for Q1 2024 was $16.8 million, a 29% increase sequentially and significantly higher than $7.7 million in Q1 2023[8] - Adjusted EBITDA for Q1 2024 was $53.1 million, up 39% year-over-year and 8% sequentially[8] - Total revenue for the three months ended March 31, 2024, was $103,406,000, a 12.5% increase from $91,571,000 in the same period of 2023[19] - Operating income increased to $27,858,000, up from $16,696,000, marking a 67.0% growth year-over-year[19] - For the quarter ended March 31, 2024, the Company reported a net income of $16,830,000, an increase of 118% compared to $7,708,000 for the same period in 2023[30] - Adjusted EBITDA for the same quarter was $53,108,000, up from $38,106,000 year-over-year, reflecting a growth of 39.4%[30] - Total revenue for the quarter was $103,406,000, compared to $91,571,000 in the prior year, representing a year-over-year increase of 12.9%[32] Production and Operations - Produced water volumes increased by 6% quarter-over-quarter and 19% year-over-year, reaching 1,159 thousand barrels per day[2] - Recycled produced water volumes grew by 31% compared to the first quarter of 2023, totaling 337 thousand barrels per day[2] - The Company handled produced water volumes of 1,159,000 barrels per day in March 2024, a 19.3% increase from 971,000 barrels per day in March 2023[27] - The Company sold 337,000 barrels of recycled produced water in March 2024, compared to 258,000 barrels in March 2023, reflecting a growth of 30.6%[27] Margins and Profitability - Gross Margin per Barrel improved by 19% sequentially to $0.32 per barrel, while Adjusted Operating Margin per Barrel increased by 12% to $0.46 per barrel[9] - Adjusted Operating Margin per Barrel increased to $0.46 in March 2024 from $0.39 in March 2023, marking an 18% improvement[28] - Gross margin for the quarter was $44,339,000, compared to $29,120,000 in the prior year, representing a significant increase of 52.2%[32] - Diluted Adjusted Net Income Per Share increased to $0.34 for the quarter ended March 31, 2024, compared to $0.17 in the same quarter of 2023, a growth of 100%[36] Cash Flow and Capital Expenditures - Cash flow from operating activities was $43,809,000, down from $59,673,000 in the previous year, reflecting changes in working capital[23] - Capital expenditures for Q1 2024 totaled approximately $38 million, down from $48 million in Q1 2023[9] - Capital expenditures for the quarter were $37,716,000, down from $47,974,000 in the same quarter of 2023, indicating a decrease of 21.5%[41] Balance Sheet and Financial Ratios - The leverage ratio at the end of Q1 2024 was 2.15x, below the target range of 2.5x-3.5x, indicating a strong balance sheet[10] - The leverage ratio as of March 31, 2024, was 2.15, calculated using net debt of $409,022,000 and trailing twelve months Adjusted EBITDA of $189,974,000[39] - Total assets as of March 31, 2024, were $1,367,595,000, an increase from $1,340,481,000 at the end of 2023[21] - Total liabilities increased to $666,193,000 from $652,588,000, indicating a rise in financial obligations[21] - Cash at the end of the period was $20,654,000, significantly up from $5,063,000 at the end of 2023[21] - Accounts receivable decreased to $55,426,000 from $59,393,000, suggesting improved collection efforts[21] Future Outlook - For Q2 2024, the company expects produced water handling volumes between 1,015 and 1,045 thousand barrels per day and Adjusted EBITDA between $44 and $48 million[13] - The company is exploring beneficial reuse and mineral extraction opportunities to expand markets and revenue streams[5] Research and Development - Research and development expenses rose to $1,065,000, a significant increase from $408,000, indicating a focus on innovation[19]

Aris Water Solutions, Inc. (ARIS) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Aris Water Solutions, Inc. (ARIS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Aris Water Solutions, Inc. is a member of the Busin ...

DenGuy/E+ via Getty Images Thesis Shares of Aris Water Solutions, Inc. (NYSE:ARIS) nearly doubled in the past three months. They grew from $7.74 on January 19 to $15.15 on April 9. However, we need to take those numbers in context, because the shares had been at more than $20 in the summer of 2022, and then lost roughly two-thirds of their value: Data by YCharts Still, that decline should not be surprising because Aris provides environmental water solutions to energy companies in the Permian Basin and i ...

Aris Water Solutions, Inc. – Earnings Presentation Fourth Quarter and Full Year 2023 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 ...

Aris Water Solutions, Inc. (NYSE:ARIS) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET Company Participants David Tuerff - Senior Vice President, Finance and Investor Relations Amanda Brock - President and Chief Executive Officer Bill Zartler - Founder and Executive Chairman Stephan Tompsett - Chief Financial Officer Conference Call Participants Eli Jossen - JPMorgan Don Crist - Johnson Rice Selman Akyol - Stifel John Daniel - Daniel Energy Operator Greetings and welcome to the Aris Water Solu ...

Aris Water Solutions, Inc. (ARIS) reported $104.13 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 25.7%. EPS of $0.17 for the same period compares to $0.15 a year ago.The reported revenue represents a surprise of +6.63% over the Zacks Consensus Estimate of $97.65 million. With the consensus EPS estimate being $0.19, the EPS surprise was -10.53%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

Aris Water Solutions, Inc. (ARIS) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10.53%. A quarter ago, it was expected that this company would post earnings of $0.16 per share when it actually produced earnings of $0.17, delivering a surprise of 6.25%.Over the last four quarters, t ...

HOUSTON--(BUSINESS WIRE)--Aris Water Solutions, Inc. (NYSE: ARIS) (“Aris,” “Aris Water” or the “Company”) today announced financial and operating results for the fourth quarter and year ended December 31, 2023. FOURTH QUARTER AND FULL YEAR 2023 HIGHLIGHTS Increased total water volumes 4% quarter-over-quarter and 16% annually Grew recycled produced water volumes 8% for the year of 2023, including record volumes in the fourth quarter Achieved fourth quarter and full year 2023 net income of $13.0 millio ...