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Aris Water Solutions, Inc. - $ARIS STOCK NEWS

Welcome to our dedicated page for Aris Water Solutions news (Ticker: $ARIS), a resource for investors and traders seeking the latest updates and insights on Aris Water Solutions stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Aris Water Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Aris Water Solutions, Inc. reported a strong first quarter of 2024 with significant increases in water volumes, net income, and EBITDA. The company achieved record margins, reduced capital expenditures, and announced a 17% increase in the quarterly dividend. Aris is focusing on efficiency, infrastructure contracts, and exploring growth opportunities in beneficial reuse and mineral extraction. The outlook for 2024 is positive, with increased guidance for Adjusted EBITDA and strong financial position.

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Aris Water Solutions, Inc. (NYSE: ARIS) will discuss its first quarter 2024 results in a conference call on May 8, 2024. The earnings release will be issued on May 7, 2024. Participants can join the call by dialing (877) 407-5792 or accessing the webcast. An audio replay will be available for fourteen days.
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Aris Mining reports Q1 2024 operating results, with 50,768 ounces of gold produced. The company is on track to meet its full-year 2024 production guidance of 220,000 to 240,000 ounces. Expansion projects at Segovia and Marmato mines are progressing well, aiming for 500,000 ounces of production in 2026.
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Aris Water Solutions, Inc. (ARIS) reported strong financial and operating results for Q4 and full year 2023. They saw a 4% increase in total water volumes quarter-over-quarter and a 16% increase annually. The company achieved net income of $43.4 million for the full year, with Diluted Net Income per Share of $0.59. Adjusted EBITDA was $175.0 million for the year, up 17% from 2022. They also improved Adjusted Operating Margin per Barrel by 11% compared to Q4 2022. Aris maintained a strong balance sheet with leverage of 2.4x and $329.0 million of available liquidity. Looking ahead to 2024, they expect positive free cash flow, with produced water volumes forecasted to grow 2-5% and water solutions volumes between 430 to 470 thousand barrels per day. Adjusted EBITDA for 2024 is projected to be between $180 - $200 million.
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Jacinto J. Hernandez retires from Altria Group, Inc.'s Board of Directors but continues as a strategic advisor under a 5-year agreement. Altria expresses gratitude for his service and highlights his industry experience and financial expertise. Hernandez's background includes roles at Capital Group and Aris Water Solutions, Inc. Altria's Vision aims to lead adult smokers to a smoke-free future, offering a diverse portfolio of tobacco and smoke-free products.
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Aris Water Solutions, Inc. (ARIS) will host a conference call to discuss its Q4 and full year 2023 results on February 29, 2024. The earnings release will be issued after market close on February 28, 2024. Participants can join the call by dialing (877) 407-5792 or logging in to the webcast. An audio replay will be available for approximately fourteen days.
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FireFly Automatix, Inc. appoints M. Max Yzaguirre as a strategic advisor, following the addition of former WPP Group CFO Paul Richardson and capital markets professional Liz Hocker to its board. Yzaguirre brings 35 years of leadership experience and expertise in various industries. FireFly's AMP-L100, the company's first fully autonomous and EV offering, has seen significant success. These appointments are expected to facilitate FireFly's expansion in 2024 and beyond.
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Aris Water Solutions, Inc. (NYSE: ARIS) has been selected by the Department of Energy to receive a research grant related to the treatment and desalination of produced water for non-consumptive agriculture. The company continues to lead industry efforts to identify and pilot technologies for various applications, including agriculture, mineral extraction, industrial processes, and aquifer replenishment. The grant will allow Aris to expand its successful greenhouse study with Texas A&M AgriLife, demonstrating and optimizing field-scale produced water treatment and desalination for agricultural irrigation applications.
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Aris Mining Corporation (Aris Mining) (TSX: ARIS) (NYSE-A: ARMN) announces updated mineral reserve estimates for its Segovia Operations in Colombia effective September 30, 2023. The high-grade mineral reserves at the Segovia Operations have increased by 75% to 1.3 million ounces of gold at 11.63 grams per tonne, extending the reserve-only mine life to nearly seven years. The company is increasing the capacity of the Maria Dama processing plant within the Segovia Operations from 2,000 to 3,000 tonnes per day, with an expected completion by early 2025 at an estimated cost of $11.0 million. This increase in mineral resource and reserve estimates will also lead to a potential gradual increase in annual gold production from 200,000 to 300,000 ounces.
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Aris Water Solutions, Inc. (NYSE: ARIS) announced its financial and operating results for Q3 2023. Total water volumes increased by 7% YoY and 1% QoQ. Net income was $12.2 million, up 526% YoY. Adjusted EBITDA was $44.9 million, up 14% YoY. The company raised its full-year 2023 Adjusted EBITDA guidance to $166 - $170 million. It divested non-core assets for $20.1 million cash consideration. Aris's CEO expressed optimism about the future and the company's focus on water management solutions and beneficial reuse of water.
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Aris Water Solutions, Inc.

NYSE:ARIS

ARIS Rankings

ARIS Stock Data

476.53M
24.11M
16.1%
78.14%
2.87%
Support Activities for Oil and Gas Operations
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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