Aris Water Solutions(US:ARIS)2025-05-06 20:30Financial Performance - The company reported a net income of $16.0 million for Q1 2025, representing a 16% increase from Q4 2024[8]. - Adjusted EBITDA for Q1 2025 was $56.5 million, up 4% sequentially and 6% year-over-year[5]. - Total revenue for Q1 2025 was $120.491 million, a 16.5% increase from $103.406 million in Q1 2024[24]. - Net income attributable to Aris Water Solutions, Inc. for Q1 2025 was $8.611 million, compared to $7.623 million in Q1 2024, reflecting a 13.0% increase[24]. - Operating income remained stable at $27.835 million in Q1 2025, slightly down from $27.858 million in Q1 2024[24]. - Adjusted Net Income for Q1 2025 was $21,415 thousand, up from $20,125 thousand in Q1 2024, showing an increase of 6.4%[43]. - Net Income for Q1 2025 was $16,000 thousand, slightly down from $16,830 thousand in Q1 2024, representing a decrease of 4.9%[43]. - The company reported a diluted net income per share of $0.25 for Q1 2025, compared to $0.23 in Q1 2024[24]. Volume and Operations - Aris Water Solutions achieved record volumes in both Produced Water Handling and Water Solutions, with Produced Water Handling volumes growing 7% sequentially and 3% year-over-year[5]. - The total volumes handled in Q1 2025 reached 1,750 thousand barrels of water per day, a 7% increase from Q4 2024 and a 15% increase year-over-year[7]. - Produced Water Handling Volumes increased to 1,191 thousand barrels per day in Q1 2025, up from 1,159 in Q4 2024, and 1,112 in Q1 2024, reflecting a growth of 2.8% quarter-over-quarter and 7.1% year-over-year[39]. - The company sold 475 thousand barrels of Recycled Produced Water in Q1 2025, up from 337 thousand barrels in Q1 2024, indicating a significant increase of 41.0%[39]. - Recycled water volumes grew 3% sequentially and 41% year-over-year, reaching 475 thousand barrels sold per day[7]. - Total Volumes for Q1 2025 were 157,492 thousand barrels, an increase from 138,603 thousand barrels in Q1 2024, representing a growth of 13.5%[42]. Financial Position - Total assets increased to $1.446 billion as of March 31, 2025, up from $1.408 billion at the end of 2024[26]. - Long-term debt rose to $490.113 million as of March 31, 2025, compared to $441.662 million at the end of 2024[26]. - Total stockholders' equity attributable to Aris Water Solutions, Inc. increased to $408.119 million as of March 31, 2025, from $385.841 million at the end of 2024[26]. - As of March 31, 2025, Aris had a leverage ratio of 2.2X, below its target range of 2.5X – 3.5X[10]. - The Leverage Ratio as of March 31, 2025, was 2.23, calculated using Net Debt of $479,948 thousand and Trailing Twelve Months Adjusted EBITDA of $215,316 thousand[47]. Cash Flow and Expenses - Cash flow from operating activities showed a net cash used of $6.835 million in Q1 2025, a significant decrease from $43.809 million provided in Q1 2024[27]. - Cash at the end of Q1 2025 was $24.574 million, down from $28.673 million at the beginning of the period[27]. - Capital Expenditures for Q1 2025 were $21,162 thousand, a decrease from $37,716 thousand in Q1 2024, reflecting a reduction of 43.8%[49]. - For Q2 2025, the company anticipates Adjusted EBITDA to be impacted by approximately $2 million in well maintenance expenses that were deferred from Q1[12]. Dividends and Outlook - The Board of Directors declared a dividend of $0.14 per share for Q2 2025, to be paid on June 18, 2025[11]. - The company maintains its full-year 2025 outlook for volume, Adjusted EBITDA, and capital expenditures, while remaining vigilant about potential impacts from lower oil prices[13].