Aris Water Solutions Inc Stock Price, News & Analysis

Aris Water Solutions, Inc. (NYSE: ARIS) announced a conference call to discuss its first quarter 2023 results, scheduled for May 9, 2023, at 8:00 a.m. Central Time. The earnings release will be issued after market close on May 8, 2023. Participants can join the call by calling (877) 407-5792 or via a live webcast on the company's website, www.ariswater.com. An audio replay will be available shortly after the call and can be accessed for up to fourteen days. Aris Water focuses on providing environmental infrastructure solutions that help energy companies manage water and carbon footprints more sustainably, particularly through services in the Permian Basin.

Aris Water Solutions, Inc. (NYSE: ARIS) has appointed Jacinto Hernandez to its Board of Directors. Hernandez brings extensive financial expertise from his 22-year career with Capital Group, where he focused on various industries, including oil and gas. He will serve on the Audit Committee and the Nominating and ESG Committee. Aris President Amanda Brock expressed excitement about Hernandez's potential impact as the company aims for growth in 2023 and beyond. The addition is expected to enhance shareholder value, according to Executive Chairman Bill Zartler.

Aris Mining Corporation (TSX: ARIS) has announced an updated mineral resource estimate (2023 MRE) for the Toroparu Project in Guyana, effective February 10, 2023. The estimate includes a measured and indicated resource of 5.4 million ounces of gold and 118,000 tonnes of copper, along with an inferred resource of 1.2 million ounces of gold. This update follows a strategic review post the GCM Mining and Aris Gold merger in September 2022, resulting in reduced expenditures until the development plan is defined. An updated technical report will be filed within 45 days. The mineral resource estimates are based on a gold price of US$1,650 per ounce.

Aris Mining Corporation (TSX: ARIS; OTCQX: TPRFF) announced its financial results for Q4 2022 and FY2022, reporting $51 million in free cash flow. The company produced 215,373 ounces of gold and sold 220,098 ounces at an average price of $1,784 per ounce. Total income from mining operations was $160 million with a net income of $0.6 million. Notably, Aris Mining plans to produce between 230,000 and 270,000 ounces of gold in 2023 at an AISC of $1,050 to $1,150 per ounce. Key projects include the Marmato Lower Mine expansion and the Soto Norte project. The company ended 2022 with $299.5 million in cash and cash equivalents.

Aris Water Solutions, Inc. (NYSE: ARIS) reported strong growth in water volumes for Q4 2022, with total volumes at 1.31 million barrels per day, a 20% increase year-over-year. Recycled Produced Water volumes surged 53% to 283 thousand barrels per day. However, net income fell 15% to $5.4 million while Adjusted Net Income decreased by 25%. For the full year, net income was $4.8 million, up from a loss in 2021, and Adjusted EBITDA rose 24% to $149 million. The company exceeded sustainability targets, with over 70% of water sold being recycled. Upcoming projections for 2023 estimate continued growth in produced water handling and adjusted EBITDA.

Aris Water Solutions, Inc. (NYSE: ARIS) announced a quarterly dividend of $0.09 per share on its Class A common stock for Q1 2023. This will also apply to unit holders of Solaris Midstream Holdings, LLC. The dividend will be payable on March 29, 2023, to shareholders on record as of March 17, 2023. Aris focuses on environmental infrastructure, providing solutions to reduce water and carbon footprints for energy companies in the Permian Basin. The payment of future dividends will depend on the company's financial condition and is at the board's discretion.