Aris Water Solutions(ARIS)
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Aris Water Solutions (ARIS) Surges 6.4%: Is This an Indication of Further Gains?
ZACKS· 2024-09-25 14:41
Aris Water Solutions, Inc. (ARIS) shares ended the last trading session 6.4% higher at $18.83. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.4% gain over the past four weeks.The stock is benefiting from consistent revenues growth, improved margins, and efficient capital investment which has allowed the company to generate excess cash and further improve its ability to increase returns to shareholders.This compa ...
Aris Water: A Lot Of Reasons To Get On Board
Seeking Alpha· 2024-09-11 13:15
dimitris_k/iStock via Getty Images Introduction Aris Water Solutions, Inc. (NYSE:ARIS), a small-cap play on the North American environmental infrastructure and solutions market has experienced a very rewarding 2024; when small-caps in general have not really gone anywhere (the go-to small-cap ETF- IJR, has only generated returns of 2% on a YTD basis), ARIS, which helps beef up the sustainability quotient of energy companies in the Permian Basin, has seen its share price flourish this year and expand by 82%. ...
ARIS MINING PUBLISHES ITS 2023 SUSTAINABILITY REPORT
Prnewswire· 2024-08-22 23:17
Core Viewpoint - Aris Mining Corporation has made significant strides in its Environmental, Social, and Governance (ESG) initiatives as outlined in its 2023 Sustainability Report, emphasizing the importance of partnerships with Contract Mining Partners (CMPs) in addressing the challenges of informal and illegal mining in Colombia [1][2]. Group 1: Sustainability Initiatives - The company established a Management Sustainability Committee that reports directly to the CEO, enhancing transparency in decision-making regarding sustainability initiatives [3]. - Aris Mining became a member of the United Nations Global Compact and endorsed the United Nations Women's Empowerment Principles, increasing the inclusion rate of women in its workforce [3]. - An $11 million trust fund has been created for environmental rehabilitation at the Marmato Mine, which includes a water treatment plant for industrial wastewater [3]. - The company invested $10.2 million in social and environmental projects, focusing on education, socioeconomic development, infrastructure, environmental conservation, and gender equity [3]. Group 2: Production and Growth Plans - In 2023, Aris Mining produced 226,000 ounces of gold and aims to reach a production rate of approximately 500,000 ounces per year by the second half of 2026 [5]. - The Segovia mill expansion is scheduled for completion in Q1 2025, and the Marmato Lower Mine is expected to have its first gold pour in late 2025 [5]. - The company is also advancing the Toroparu gold/copper project in Guyana and is exploring acquisitions and growth opportunities to enhance value through scale and diversification [5][6]. Group 3: Safety and Community Engagement - Following the implementation of the Vision Zer000 safety program, the company achieved a 75% reduction in Lost Time Injuries [3]. - Aris Mining awarded 875 Colibri scholarships at a bilingual school in Segovia, celebrating the first graduation class of over 50 students [3].
ARIS MINING REPORTS H1 2024 NET EARNINGS OF $5.0M, ADJUSTED EARNINGS OF $18.1M ($0.12/SHARE) AND EBITDA OF $53.2M WHILE SEGOVIA EXPANSION AND CONSTRUCTION OF MARMATO LOWER MINE REMAIN ON TRACK
Prnewswire· 2024-08-13 21:01
Core Insights - Aris Mining Corporation reported its financial and operational results for Q2 2024 and H1 2024, indicating a total gold production of 99,983 ounces and reaffirming its guidance for 2024 production between 220,000 to 240,000 ounces [1][2][3] Financial Performance - In Q2 2024, gold production was 49,216 ounces, a slight decrease from 50,768 ounces in Q1 2024 [2] - EBITDA for H1 2024 was $53.2 million, with adjusted EBITDA reaching $64.5 million [2] - Net earnings for Q2 2024 were $5.7 million or $0.04 per share, compared to a loss of $0.7 million or $(0.01) per share in Q1 2024 [2] - Adjusted earnings for H1 2024 were $18.1 million or $0.12 per share [2] Operational Highlights - The Segovia Operations processed lower-grade material averaging 9.3 g/t Au in H1 2024, with a seven-day unplanned maintenance shutdown in April [3] - The Segovia plant is operating at its design capacity of 2,000 tonnes per day and is on track for an expansion to 3,000 tpd by early 2025 [3][14] - The Segovia Operations generated an AISC margin of $60.6 million for H1 2024 [4] Cost Guidance - The company updated its cash cost per ounce guidance to a range of $1,125 to $1,225 and AISC guidance to $1,400 to $1,500 due to rising gold prices [4][13] Project Developments - Construction of the Marmato Lower Mine is progressing on schedule, with an estimated completion cost of $246 million, of which $122 million will be funded by stream financing [5][15] - The company is targeting an annual production rate of approximately 500,000 ounces of gold by the second half of 2026 following the completion of expansion projects [5][23] Future Growth Initiatives - Aris Mining acquired an additional 31% interest in the Soto Norte Project, increasing its ownership to 51% [17] - Feasibility studies for the Soto Norte Project are underway, with results expected in early 2025 [17] - The Toroparu project is also advancing, with environmental license renewal documentation submitted [18]
ARIS MINING ANNOUNCES HIGH GRADE DRILL RESULTS FROM ONGOING SEGOVIA OPERATIONS EXPLORATION PROGRAM
Prnewswire· 2024-08-12 21:00
VANCOUVER, BC, Aug. 12, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces the results received to date from its ongoing 2024 exploration drilling program at its Segovia Operations in Colombia, which is now 70% complete.Figure 1. Location plan of drillhole and channel sample intersections (CNW Group/Aris Mining Corporation)Neil Woodyer, CEO of Aris Mining, commented "Our drilling program continues to deliver high grade intersections, confirming the ...
Aris Water Solutions(ARIS) - 2024 Q2 - Quarterly Report
2024-08-07 14:28
Financial Performance - Total revenue for June 2024 reached $101,117,000, a 4.9% increase from $96,633,000 in June 2023[22]. - Operating income increased to $23,919,000 in June 2024, compared to $19,961,000 in June 2023, reflecting a 19.6% growth[22]. - Net income for the six months ended June 2024 was $29,942,000, up 64.7% from $18,139,000 in the same period last year[25]. - Basic net income per share rose to $0.18 in June 2024, compared to $0.15 in June 2023, marking a 20% increase[22]. - Total revenue for the second quarter of 2024 reached $101.1 million, reflecting a 5% increase year-over-year[106]. - Net income for the second quarter of 2024 was $13.1 million, a 26% increase compared to the second quarter of 2023[106]. - Total revenue for the six months ended June 30, 2024, reached $204.52 million, a 9% increase from $188.20 million in 2023[147]. - Adjusted EBITDA for the second quarter of 2024 was $50.0 million, an increase of 17% compared to the same period last year[108]. - Adjusted EBITDA for the six months ended June 30, 2024, was $103,103 million, up from $80,728 million in the prior year, reflecting a 27.6% increase[149]. Assets and Liabilities - Total assets increased to $1,387,063 thousand as of June 30, 2024, up from $1,340,481 thousand at December 31, 2023, representing a growth of approximately 3.5%[19]. - Total liabilities increased to $674,883 thousand from $652,588 thousand, marking a rise of 3.4%[20]. - Long-term debt increased to $444,727 thousand, up from $421,792 thousand, which is an increase of 5.4%[20]. - Total current assets increased to $123,788 thousand from $108,550 thousand, representing a growth of 14.0%[19]. - Total stockholders' equity as of June 30, 2024, was $712,180,000, an increase from $687,893,000 at the beginning of the year[29]. - Total Debt as of June 30, 2024, was $446,582,000, compared to $427,255,000 as of December 31, 2023, reflecting an increase of 4.3%[61]. Cash Flow and Investments - Cash balance rose to $11,526 thousand, a significant increase from $5,063 thousand at the end of 2023, reflecting a growth of 128.7%[19]. - Cash flow from operating activities for the six months ended June 30, 2024, was $58,147,000, down from $96,467,000 in June 2023[25]. - Net cash provided by operating activities for the six months ended June 30, 2024, totaled $58.1 million, down from $96.5 million in the same period of 2023[155]. - Net cash used in investing activities for the six months ended June 30, 2024, was $56.8 million, a decrease from $76.2 million in the prior year[156]. Expenses - Research and development expenses increased to $1,128,000 in June 2024 from $650,000 in June 2023, representing a 73.5% increase[22]. - Total cost of revenue decreased to $59,901,000 in June 2024 from $63,532,000 in June 2023, a reduction of 5.2%[22]. - Interest expense increased to $8,813,000 in June 2024 from $7,971,000 in June 2023, reflecting a 10.5% rise[22]. - General and administrative expenses increased by $3.4 million for the three months ended June 30, 2024, driven by higher stock-based compensation and increased headcount[137]. Shareholder Information - The company has a total of 31,104,226 Class A common shares issued as of June 30, 2024, compared to 30,669,932 shares issued at the end of 2023[20]. - The company declared a dividend of $0.09 per share for Q1 2024 and $0.105 per share for Q2 2024 on its Class A common stock[83]. - The company declared a dividend of $0.105 per share for the third quarter of 2024, consistent with previous distributions[154]. Strategic Developments - The company has a strategic agreement with Chevron, ConocoPhillips, and ExxonMobil to develop technologies for treating produced water for beneficial reuse[109]. - A research grant from the Department of Energy is being negotiated to expand studies on produced water treatment for non-consumptive agriculture[111]. - The company signed a letter of intent to construct an iodine extraction facility in the Permian Basin, expected to be operational by the end of 2025[113]. Compliance and Governance - Aris Water Solutions, Inc. reported significant developments in their corporate governance with the filing of the Second Amended and Restated Certificate of Incorporation[175]. - The company has made amendments to its 2021 Equity Incentive Plan, indicating a focus on employee incentives and retention strategies[175]. - Certifications by key executives Amanda M. Brock and Stephan E. Tompsett were filed, ensuring compliance with the Sarbanes-Oxley Act[176]. - The company is actively utilizing Inline XBRL for its financial reporting, enhancing transparency and accessibility of financial data[176].
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]