Aris Water Solutions(US:ARIS)2023-11-04 17:19Q3 2023 Performance Highlights - Total water volumes reached approximately 1.5 million barrels per day, a 7% increase compared to Q3 2022[18] - Produced water volumes averaged around 1.06 million barrels per day, up 17% from Q3 2022[18] - Water Solutions volumes were approximately 460 thousand barrels per day, a 10% decrease compared to Q3 2022[18] - Revenue totaled $99.8 million, a 10% increase compared to Q3 2022[18] - Adjusted EBITDA was $44.9 million, a 14% increase[18] - Adjusted Operating Margin per Barrel was $0.40, an 11% increase compared to Q3 2022[18] - Capital expenditures amounted to $39.6 million, a 43% decrease compared to Q3 2022[18] Updated Q4 2023 Outlook - Adjusted EBITDA is forecasted at the high end of the original guidance range of $166.0 - $170.0 million for the year[22] - Produced water handling volumes are expected to increase by approximately 2-3%, excluding the impact of non-core asset divestiture (~50 kbwpd of volumes divested)[21] - Adjusted Operating Margin improvements from Q3 2023 are expected to be sustained going forward[21] - Capital expenditures are on track to meet the forecast of $160.0 - $170.0 million for the year[21,22] Financial Position - Q3 2023 leverage was approximately 2.53X, compared to a leverage target range of 2.50X - 3.50X[24]