Aris Water Solutions Inc Stock Price, News & Analysis

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.

Aris Water Solutions, Inc. (NYSE: ARIS) has announced that ExxonMobil is joining its strategic agreement with Chevron and ConocoPhillips to develop technologies for treating produced water. This collaboration aims to enhance water sustainability management in the Permian Basin, focusing on beneficial reuse for non-consumptive agricultural and industrial applications. The pilot testing and evaluation of technologies are set for completion by the end of 2023, which is crucial for future risk assessments of treated produced water. Aris's President and CEO, Amanda Brock, emphasized the importance of this partnership for advancing sustainable water solutions.

Aris Water Solutions, Inc. (NYSE: ARIS) reported its fourth quarter operational results were negatively affected by unexpected winter weather and changes in customer activity in December. Consequently, Adjusted EBITDA for Q4 2022 is projected at approximately $36 million, with a full year estimate of $149 million, both below prior guidance. Despite these challenges, Aris's produced water handling volumes showed sequential growth. The company has secured a federal grant for a water treatment project, emphasizing its commitment to sustainability. An earnings call is scheduled for March 7, 2023, to provide further details on these results.

Aris Water Solutions (NYSE: ARIS) reported strong financial results for Q3 2022, with net income of $2.0 million, a significant improvement from a loss of $20.7 million YOY. The company handled over 1.4 million barrels of water per day, up 47% Y/Y, and recycled produced water volumes surged 165%. Adjusted EBITDA rose 28% to $39.3 million. Recent strategic agreements with Chevron and ConocoPhillips, alongside a tech acquisition, bolster growth prospects. A quarterly dividend of $0.09 per share has been declared, reflecting solid liquidity of approximately $225.1 million.

Aris Water Solutions (NYSE: ARIS) has entered a strategic agreement with Chevron and ConocoPhillips to develop and pilot technologies for treating produced water for beneficial reuse. The initiative aims to establish cost-effective methods for creating water sources for industrial and agricultural purposes. Aris will lead the project, utilizing the expertise of its partners, and aims to complete testing by the end of 2023. This collaboration reinforces a commitment to responsible water management in water-scarce regions.

Aris Water Solutions, Inc. (NYSE: ARIS) declared a fourth-quarter 2022 dividend of $0.09 per share for its Class A common stock. The dividend will be paid on November 30, 2022, to shareholders on record as of November 17, 2022. Additionally, a similar distribution of $0.09 per unit will go to unit holders of Solaris Midstream Holdings, LLC. Aris specializes in environmental infrastructure, focusing on full-cycle water handling and recycling solutions, primarily serving energy companies in the Permian Basin.

Aris Water Solutions (NYSE: ARIS) has acquired certain intellectual property rights and treatment technologies from Water Standard Management to enhance its capabilities in the advanced treatment and beneficial reuse of produced water in the Permian Basin. This strategic acquisition will enable Aris to meet EPA regulations and provide sustainable water solutions for agriculture and industrial processes. The company also appointed Lisa Henthorne as Chief Scientist to lead the advancement of new technologies in this area, reinforcing its commitment to sustainability amidst growing water scarcity concerns.