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Aris Water Solutions (ARIS) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-08-07 00:00
Core Insights - Aris Water Solutions, Inc. reported revenue of $101.12 million for the quarter ended June 2024, reflecting a 4.6% increase year-over-year [1] - The earnings per share (EPS) for the quarter was $0.18, down from $0.22 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $97.86 million by 3.33%, while the EPS met the consensus estimate [1] Financial Metrics - Revenue per barrel of total volumes was $0.76, slightly above the estimated $0.74 [3] - Direct operating costs per barrel were reported at $0.30, matching the average estimate [3] - Total volumes handled were 1,455 thousand barrels of water per day, slightly below the estimated 1,462.34 thousand barrels [3] - Total water solutions volumes were 362 thousand barrels per day, compared to the estimated 418.37 thousand barrels [3] - Produced water handling volumes were 1,093 thousand barrels per day, exceeding the estimated 1,043.97 thousand barrels [4] Revenue Breakdown - Revenue from total water solutions including affiliates was $17.25 million, below the estimated $20.91 million [5] - Revenue from total produced water handling including affiliates was $83.43 million, surpassing the estimated $77.34 million [5] Stock Performance - Shares of Aris Water Solutions have declined by 8.2% over the past month, compared to a 6.7% decline in the Zacks S&P 500 composite [5] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [5]
Aris Water Solutions, Inc. (ARIS) Matches Q2 Earnings Estimates
ZACKS· 2024-08-06 22:25
Company Performance - Aris Water Solutions, Inc. reported quarterly earnings of $0.18 per share, matching the Zacks Consensus Estimate, but down from $0.22 per share a year ago [1] - The company posted revenues of $101.12 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 3.33% and up from $96.63 million year-over-year [1] - Over the last four quarters, Aris Water Solutions has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [1] Stock Movement and Outlook - Aris Water Solutions shares have increased approximately 70.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.7% [2] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [2][3] Earnings Estimates and Industry Context - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $103.28 million, and for the current fiscal year, it is $0.88 on revenues of $410.81 million [4] - The estimate revisions trend for Aris Water Solutions is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] - The Waste Removal Services industry, to which Aris Water Solutions belongs, is ranked in the bottom 36% of over 250 Zacks industries, which may impact stock performance [5]
Aris Water Solutions(ARIS) - 2024 Q2 - Quarterly Results
2024-08-06 20:20
Exhibit 99.1 Source: Aris Water Solutions, Inc. August 6, 2024 Aris Water Solutions, Inc. Reports Second Quarter 2024 Results, Increases Full Year Adjusted EBITDA Guidance HOUSTON, Texas, August 6, 2024 – Aris Water Solutions, Inc. (NYSE: ARIS) ("Aris," "Aris Water" or the "Company") today announced financial and operating results for the second quarter ended June 30, 2024. SECOND QUARTER 2024 HIGHLIGHTS ● Increased produced water volumes 5% and recycled water volumes 6% versus the second quarter of 2023 ● ...
Is the Options Market Predicting a Spike in Aris Water Solution (ARIS) Stock?
ZACKS· 2024-08-06 14:15
Company Overview - Aris Water Solution, Inc. (ARIS) is currently experiencing significant activity in the options market, particularly with the Oct 10, 2024 $10 Put option showing high implied volatility, indicating potential for a major price movement [1] Analyst Sentiment - Aris Water Solution holds a Zacks Rank of 4 (Sell) within the Waste Removal Services industry, which is positioned in the bottom 35% of the Zacks Industry Rank [3] - Over the past 60 days, there have been no increases in earnings estimates for the current quarter, with one analyst revising the estimate downward, leading to a decrease in the Zacks Consensus Estimate from 19 cents per share to 18 cents per share [3] Options Market Insights - The high implied volatility surrounding Aris Water Solution suggests that options traders anticipate a significant price movement, which could indicate an upcoming event that may lead to either a rally or a sell-off [2][4] - Seasoned options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected by expiration [4]
Analysts Estimate Aris Water Solutions, Inc. (ARIS) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-07-30 15:07
Wall Street expects a year-over-year decline in earnings on higher revenues when Aris Water Solutions, Inc. (ARIS) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...
ARIS MINING REPORTS H1 2024 PRODUCTION, PROVIDES EXPANSION PROJECTS UPDATE AND REAFFIRMS FULL YEAR 2024 GUIDANCE
Prnewswire· 2024-07-16 21:00
VANCOUVER, BC, July 16, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces gold production of 99,983 ounces for the first half of 2024 (H1 2024), with 88,613 ounces from Segovia and 11,370 ounces from the Marmato Upper Mine. In the same period in 2023, the Company produced 104,906 ounces of gold, including 94,395 ounces from Segovia and 10,511 ounces from the Marmato Upper Mine. As the Segovia mine plan progresses to higher-grade zones the Company i ...
ARIS MINING COMPLETES ACQUISITION TO INCREASE OWNERSHIP IN SOTO NORTE GOLD-COPPER PROJECT TO 51%
Prnewswire· 2024-06-28 12:40
VANCOUVER, BC, June 28, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces that, further to the Company's news release of May 23, 2024, it has closed the acquisition of an additional 31% interest in the Soto Norte gold-copper project in Colombia (Soto Norte or PSN), increasing its total ownership in the joint venture to 51%. Soto Norte is one of the largest undeveloped underground gold projects in South America.As consideration for the additional 31 ...
Small-Cap Standouts: 3 Stocks Destined to Rule Their Industries
Investor Place· 2024-06-11 10:20
Small-cap stock investing is an interesting phenomenon, especially from a risk-return perspective. Many are under the illusion that small-cap stocks are risky by default. Although that might be true in some instances, numerous small-cap stocks are secured by highly profitable companies that dominate niche industries. Moreover, small-cap stocks present diversification benefits, adding risk-adjusted return advantages to traditional investment portfolios.While considering the above, I screened for three best-i ...
ARIS MINING ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING
prnewswire.com· 2024-05-16 21:00
VANCOUVER, BC, May 16, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) reports voting results from its Annual General Meeting of shareholders (the Meeting) held earlier today.AGM Voting ResultsShareholders holding 46,147,782 shares, being 32.54% of the outstanding shares of the Company were represented by proxy at the meeting. The voting results from the Meeting are as follows:Election of DirectorsThe number of directors to be elected was fixed at eight an ...
Stock Market Crash: 3 Must-Buy Penny Stocks When Prices Plunge
InvestorPlace· 2024-05-08 18:18
The iShares Micro-Cap ETF (NYSEARCA:IWC) has surged by approximately 20% in the past six months, illustrating the optimism among risk-seeking investors. However, key variables suggest a correction in risky asset prices might occur. For instance, the Federal Reserve has announced a reduction in its tightening program, which conveys an implied economic slowdown. Moreover, the S&P 500 Volatility Index is below its long-run average of 21, and mean reversion will likely happen, concurrently wrecking high-risk as ...