UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-Q _____________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...

Smart Sand, Inc. Announces Second Quarter 2025 Results YARDLEY, Pennsylvania, August 12, 2025 – Smart Sand, Inc. (NASDAQ: SND) (the "Company" or "Smart Sand"), a leading supplier of premium Northern White frac sand and industrial sand and a proppant logistics solutions provider, today announced results for the second quarter of 2025. "Smart Sand delivered robust sales volumes and improved profitability in the second quarter" stated Charles Young, Smart Sand's Chief Executive Officer. "Our sales volumes rose ...

Investor Presentation – August 2025 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward- lookin ...

Core Viewpoint - Smart Sand, Inc. is set to release its second quarter 2025 financial results on August 12, 2025, after market close, inviting investors to access related documents on its website [1]. Company Overview - Smart Sand is a fully integrated frac and industrial sand supply and services company, providing complete solutions from mine to wellsite for frac sand customers and a wide range of products for industrial sand customers [2]. - The company produces low-cost, high-quality Northern White sand, which is utilized as a proppant to enhance hydrocarbon recovery rates in hydraulic fracturing of oil and natural gas wells [2]. - Smart Sand's products are also used in various industrial applications, including glass, foundry, building products, filtration, geothermal, renewables, ceramics, turf & landscaping, retail, and recreation [2]. - The company offers logistics solutions through in-basin transloading terminals and SmartSystems™ for wellsite storage and sand management [2]. - Smart Sand owns and operates premium sand mines and processing facilities in Wisconsin and Illinois, with access to four Class I rail lines for product delivery across the United States and Canada [2].

Core Viewpoint - Smart Sand, Inc. has declared a special cash dividend of $0.10 per share, reflecting the company's strategy to return value to its stockholders [1][2]. Company Overview - Smart Sand is a fully integrated frac and industrial sand supply and services company, providing complete solutions from mine to wellsite for frac sand customers and a wide range of products for industrial sand customers [2]. - The company produces low-cost, high-quality Northern White sand, which is utilized as a proppant to enhance hydrocarbon recovery rates in hydraulic fracturing [2]. - Smart Sand's products are also used in various industrial applications, including glass, foundry, building products, filtration, geothermal, renewables, ceramics, turf & landscaping, and recreation [2]. - The company operates premium sand mines and processing facilities in Wisconsin and Illinois, with access to four Class I rail lines, enabling product delivery across the United States and Canada [2]. Financial Strategy - The CEO of Smart Sand emphasized the commitment to managing costs and maximizing efficiency to create further opportunities for returning value to stockholders [2].

Financial Performance - In Q1 2025, Smart Sand sold approximately 1.1 million tons, a 27% sequential decrease and a 20% year-over-year decline compared to Q4 2024 and Q1 2024 respectively[3]. - Revenue for Q1 2025 was $65.6 million, down from $91.4 million in Q4 2024 and $83.1 million in Q1 2024, primarily due to lower sales volumes and moderated average selling prices[4]. - The company reported a net loss of $(24.2) million, or $(0.62) per share, compared to a net income of $3.7 million, or $0.10 per share in Q4 2024[8]. - Gross profit for Q1 2025 was $2.8 million, down from $13.5 million in Q4 2024, driven by lower sales volumes and moderating average sales prices[6]. - Contribution margin in Q1 2025 was $9.6 million, or $8.96 per ton sold, compared to $20.2 million, or $13.80 per ton sold in Q4 2024[9]. - For the three months ended March 31, 2025, the company reported a net loss of $24,231,000 compared to a net income of $3,736,000 for the previous quarter[27]. - Total revenue for the same period was $65,558,000, a decrease of 28.3% from $91,363,000 in the previous quarter[31]. - The contribution margin for the three months ended March 31, 2025, was $9,577,000, down 52.6% from $20,202,000 in the previous quarter[31]. - The company sold a total of 1,069 tons during the quarter, a decrease of 27% from 1,464 tons sold in the previous quarter[31]. - Adjusted EBITDA for the three months ended March 31, 2025, was $1,426,000, a significant decrease from $11,943,000 in the previous quarter[34]. Cash Flow and Liquidity - Free cash flow for Q1 2025 was $5.2 million, with net cash provided by operating activities at $8.7 million, reflecting a significant improvement from previous quarters[12][11]. - Free cash flow for the three months ended March 31, 2025, was $5,188,000, compared to a negative free cash flow of $(840,000) in the previous quarter[37]. - Cash and cash equivalents at the end of the period increased to $5,444,000 from $1,554,000 at the end of the previous quarter[27]. - As of March 31, 2025, the company had cash on hand of $5.1 million and $30.0 million in undrawn availability on its credit facility[14]. Capital Expenditures and Share Repurchase - Capital expenditures for Q1 2025 were $3.5 million, with projected full-year capital expenditures ranging between $13.0 million and $17.0 million[12]. - Smart Sand repurchased 135,196 shares for $0.3 million under its share repurchase program, with $9.7 million remaining for future repurchases[13]. Assets and Liabilities - Total assets decreased to $326,908,000 as of March 31, 2025, from $341,546,000 as of December 31, 2024[25]. - Total liabilities increased to $106,999,000 as of March 31, 2025, compared to $97,736,000 as of December 31, 2024[25]. Future Outlook - The company anticipates a sales volume increase of 10% to 20% in Q2 2025 compared to Q1 2025, driven by activity in the Marcellus and Utica basins[1].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-Q _____________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ___ to ___ Commission file number 001-37936 SMART SAND, INC. ...

Core Insights - Smart Sand, Inc. reported a net loss of $24.2 million for Q1 2025, primarily due to non-cash deferred income tax expenses, following a profitable Q4 2024 [8][12][31] - The company generated $5.2 million in free cash flow and repurchased 135,196 shares during the quarter, indicating a commitment to returning value to shareholders [2][13][14] - Sales volumes decreased by 27% sequentially and 20% year-over-year, totaling approximately 1.1 million tons sold, attributed to a strong demand in the previous quarter [3][10][29] Financial Performance - Revenues for Q1 2025 were $65.6 million, down from $91.4 million in Q4 2024 and $83.1 million in Q1 2024, driven by lower sales volumes and moderated average selling prices [4][10][29] - Cost of goods sold decreased to $62.8 million, reflecting lower sales volumes and reduced logistics costs [5][10] - Gross profit was $2.8 million, a decline from $13.5 million in Q4 2024 and $11.8 million in Q1 2024, due to lower sales volumes and average selling prices [6][10][29] Operational Highlights - Operating expenses remained stable at $9.8 million compared to Q4 2024, down from $11.0 million in Q1 2024, primarily due to reduced wages and royalties [7][10] - Contribution margin for Q1 2025 was $9.6 million, or $8.96 per ton sold, down from $20.2 million and $13.80 per ton in the previous quarter [9][11][29] - Adjusted EBITDA was $1.4 million, significantly lower than $11.9 million in Q4 2024 and $9.3 million in Q1 2024 [9][30][31] Market Outlook - The company anticipates a significant increase in sales volumes for Q2 2025, projecting a rise of 10% to 20% compared to Q1 2025, driven by activity in the Marcellus and Utica basins [2][3] - Industrial sales reached a record high, with a 9% sequential increase, expected to account for about 5% of total sales volumes this year [2][3] - Capital expenditures are projected to increase over the next two quarters, aimed at maintenance and growth investments, while still maintaining positive free cash flow for the year [2][13] Liquidity and Capital Management - As of March 31, 2025, the company had $5.1 million in cash and $30.0 million in undrawn availability under its credit facility [15][10] - The share repurchase program allows for up to $10.0 million in ordinary shares to be repurchased, with $9.7 million remaining as of the end of Q1 2025 [14][10]

Core Viewpoint - Smart Sand, Inc. is set to release its first quarter 2025 financial results on May 13, 2025, after market close, inviting investors to access related documents on its website [1] Company Overview - Smart Sand is a fully integrated frac and industrial sand supply and services company, providing complete solutions from mine to wellsite for frac sand customers and a wide range of products for industrial sand customers [2] - The company produces low-cost, high-quality Northern White sand, which is utilized as a proppant to enhance hydrocarbon recovery rates in hydraulic fracturing of oil and natural gas wells [2] - Smart Sand's products are also used in various industrial applications, including glass, foundry, building products, filtration, geothermal, renewables, ceramics, turf & landscaping, retail, and recreation [2] - The company offers logistics solutions through in-basin transloading terminals and SmartSystems™ for wellsite storage and sand management [2] - Smart Sand owns and operates premium sand mines and processing facilities in Wisconsin and Illinois, with access to four Class I rail lines for product delivery across the United States and Canada [2]

Company Overview - Smart Sand, Inc. is a fully integrated frac and industrial sand supply and services company, providing complete mine to wellsite proppant and logistics solutions to frac sand customers and a broad range of products for industrial sand customers [4] - The company produces low-cost, high-quality Northern White sand, which is utilized as a proppant to enhance hydrocarbon recovery rates in hydraulic fracturing of oil and natural gas wells [4] - Smart Sand's products are also used in various industrial applications, including glass, foundry, building products, filtration, geothermal, renewables, ceramics, turf & landscaping, retail, and recreation [4] - The company operates premium sand mines and processing facilities in Wisconsin and Illinois, with access to four Class I rail lines, enabling delivery of products across the United States and Canada [4] Event Participation - Smart Sand will present and host one-on-one meetings with investors at the Sidoti March Virtual Investor Conference on March 19-20, 2025 [1] - The presentation is scheduled to begin at 10:00 am ET on March 20, 2025, and will be accessible live [2] - Registration for the presentation and one-on-one meetings is free and does not require being a Sidoti client [2] Sidoti Events Overview - Sidoti & Company, LLC formed Sidoti Events, LLC in 2023 to focus on its growing conference business and better serve presenters and attendees [3] - Sidoti has 25 years of experience in independent securities research, primarily covering small and microcap companies with market caps between $200 million and $5 billion [3] - Sidoti Events hosts eight investor conferences annually, providing corporate access and facilitating interactions between small and microcap issuers and interested investors [3]