Welcome to our dedicated page for Aris Mining news (Ticker: ARIS), a resource for investors and traders seeking the latest updates and insights on Aris Mining stock.
The ARIS news page on Stock Titan provides an archive of public announcements, press releases, and regulatory disclosures related to Aris Water Solutions, Inc., which operated as an environmental infrastructure and solutions company serving oil and gas producers in the Permian Basin. These items document both the company’s operational performance and the corporate events that culminated in its acquisition by Western Midstream Partners, LP.
News coverage includes Aris’s quarterly financial and operating results, where the company reported metrics such as produced water handling volumes, recycled produced water volumes sold, groundwater volumes sold, skim oil recoveries, and non-GAAP measures like Adjusted EBITDA and Adjusted Net Income. These releases explain how Aris evaluated its water gathering and processing segment and the performance of its full-cycle water handling and recycling operations.
Another key category of ARIS news consists of commercial and contract updates. For example, Aris announced a seven-year extension of its Water Gathering and Disposal Agreement with ConocoPhillips, under which a subsidiary of Aris continued to provide long-term full-cycle water infrastructure services, including recycled water supply, produced water transportation, and produced water handling operations in the Northern Delaware Basin. Such items highlight the company’s long-term relationships with upstream operators and its role in supporting oil and gas development.
The archive also contains detailed announcements about the agreement for Western Midstream Partners, LP to acquire Aris and subsequent updates on the merger process. Joint releases from Aris and Western Midstream describe the transaction structure, the forms of merger consideration available to Aris securityholders, the election procedures and deadlines, the expiration of the Hart-Scott-Rodino waiting period, and preliminary results of shareholder elections. Later filings and news items report the closing of the mergers, the delisting of Aris’s Class A common stock from the New York Stock Exchange, and the termination of its SEC reporting obligations.
Investors and researchers can use this news page to review the historical trajectory of Aris Water Solutions, Inc., from its operational updates and contract extensions to the strategic transaction that resulted in the company becoming a wholly owned subsidiary of Western Midstream Partners, LP. The collection of news items offers context on how Aris positioned its produced water handling and recycling business within the oil and gas services landscape and how that business was ultimately integrated into Western Midstream’s broader midstream platform.
Aris Water Solutions (NYSE: ARIS) reported strong Q3 2024 results with net income of $16.4 million, up 34% year-over-year. The company achieved Adjusted EBITDA of $54.3 million, increasing 21% from Q3 2023. Produced water volumes grew 6% year-over-year, while recycled water volumes increased 16%. The company maintained a strong balance sheet with 2.0X leverage and $292 million in available liquidity. Based on performance, Aris increased its 2024 Adjusted EBITDA outlook to $208-212 million, while maintaining capital expenditure guidance of $98-105 million.
Aris Mining (TSX: ARIS) (NYSE-A: ARMN) reports Q3 2024 gold production of 53,608 ounces, a 9% increase from Q2 2024. Segovia produced 47,493 oz and Marmato Upper Mine 6,115 oz. The company has made significant progress on expansion projects:
1. Segovia Expansion: Phase 1 completed with expanded receiving area commissioned. Phase 2 on track for Q1 2025 completion.
2. Marmato Lower Mine: Construction advancing on schedule, crossed 25% spend threshold.
3. Updated Segovia mineral resource and reserve estimates as of July 31, 2024, showing growth in resources and full replacement of reserves.
Aris Mining targets Segovia gold production of 185,000-195,000 oz in 2024, 250,000 oz in 2025, and over 300,000 oz in 2026. The company aims to achieve an annual gold production rate of approximately 500,000 oz by H2 2026.
Aris Water Solutions (NYSE: ARIS) reported strong Q2 2024 results, with net income increasing 26% to $13.1 million and Adjusted EBITDA rising 17% to $50.0 million compared to Q2 2023. The company saw a 5% increase in produced water volumes and a 6% rise in recycled water volumes. Aris achieved a Gross Margin per barrel of $0.31 and an Adjusted Operating Margin per barrel of $0.46, a 21% increase year-over-year. The company maintained a strong balance sheet with a leverage ratio of 2.2x and $299 million in available liquidity. Based on strong performance, Aris increased its 2024 Adjusted EBITDA guidance to $195-$205 million. The company also announced plans for an iodine extraction facility in the Permian Basin, expected to be operational by year-end 2025.
Aris Water Solutions, Inc. (NYSE: ARIS) has published its 2023 Sustainability Report, showcasing its leadership in enhancing water sustainability. Key highlights include:
- 9% reduction in Total Recordable Incident Rate
- 8% increase in produced water recycled volumes, saving nearly 5 billion gallons of groundwater
- 13% decrease in Scope 1 emissions through asset electrification
- ExxonMobil joined the Joint Industry Project for treating produced water
- Selected by the Department of Energy for field-based testing of treated water for irrigation
- Board comprised of 44% women and/or minorities
- 73% of employees are women and/or minorities
The report demonstrates Aris's commitment to safety, sustainability, and diversity in the water treatment industry.
Aris Water Solutions, Inc. (NYSE: ARIS) has announced its upcoming second quarter 2024 results conference call, scheduled for Wednesday, August 7, 2024, at 8:00 a.m. Central Time. The company will release its Q2 2024 earnings after market close on August 6, 2024. Investors and interested parties can participate by calling (877) 407-5792 and referencing Aris Water Solutions, Inc.
A live webcast will be available on the Investor Relations section of the company's website at www.ariswater.com. An audio replay of the call will be accessible for approximately fourteen days by dialing (877) 660-6853 within the United States or (201) 612-7415 internationally, using the replay access code 13747323.
Infinity Water Solutions (Infinity), a sustainability, technology, and water management company, has appointed Whitney Dobson as Chief Operations Officer (COO), effective immediately. Dobson, with over 15 years of experience in produced water management, previously served as Vice President at Aris Water Solutions (ARIS). She led several high-profile projects focusing on cost-effective and scalable methods of treating produced water. Infinity plans to expand its operations significantly, including the opening of four new water recycling facilities by year-end, increasing its throughput capacity to 250,000 barrels per day.
Infinity CEO Michael Dyson highlighted Dobson's expertise in leveraging advanced technology and fostering sustainable practices. Infinity, founded in 2019, operates in Texas and New Mexico, aiming to enhance water management efficiency through green infrastructure and clean technology.
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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