Investor Presentation – February 2026 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- look ...

Company Highlights - Smart Sand has a total plant annual capacity of approximately 10 million tons [23, 50] - The CEO owns approximately 18% of the company, and insiders own approximately 36% [19, 105] - The company has repurchased approximately 62 million shares since January 2023 [19, 105] - Dividends of $010 per common share were paid in October 2024 and August 2025 [19, 105] Financial Performance - Q2 2025 sales volume was 1424 thousand tons [26] - Q2 2025 revenue was $858 million [28] - Q2 2025 contribution margin per ton was $1108 [29] - Q2 2025 adjusted EBITDA was $7751 thousand [29, 119] Logistics and Operations - The Oakdale facility has 243 million tons of reserves and a 40+ year reserve life [19] - The Ottawa facility has 127 million tons of reserves and a 75+ year reserve life [19] - The Blair facility has 114 million tons of reserves and a 35+ year reserve life [19]