Aris Water Solutions Inc Stock Price, News & Analysis

Aris Water Solutions Inc. (NYSE: ARIS) announced the appointment of Stephan Tompsett as the new Chief Financial Officer. Tompsett, with over 20 years of industry experience, will take on the role immediately, succeeding Brenda R. Schroer, who will assist during the transition. The CEO, Amanda Brock, expressed confidence in Tompsett's financial acumen, which is deemed vital for the company's growth and innovation in environmental solutions. Aris focuses on sustainable water handling and recycling for energy operations in the Permian Basin.

Aris Water Solutions (NYSE: ARIS) announced its second quarter 2022 results, reporting total water volumes of approximately 1.2 million barrels per day, a 34% increase from Q2 2021. Recycled water volumes surged 186% to 297 thousand barrels per day. Despite a net income decline of 11% to $4.0 million due to non-cash asset write-downs, adjusted net income rose 151% to $11.9 million. The company acquired Delaware Energy Services' assets for 3.37 million Class A shares, enhancing operational capacity and expected growth. A dividend of $0.09 per share was declared for Q3 2022.

Aris Water Solutions, Inc. (NYSE: ARIS) will host a conference call on August 4, 2022, at 9:30 a.m. Central Time to discuss its second quarter 2022 results. The earnings release will be issued after market close on August 3, 2022. Participants can dial in at (877) 407-5792 and are encouraged to log in early. A replay will be available for 14 days at (877) 660-6853. Aris Water is an environmental infrastructure company that provides water handling and recycling solutions, focusing on sustainability in the energy sector.

Aris Water Solutions, Inc. announced that Chief Financial Officer Brenda R. Schroer will transition from her role on December 30, 2022. She will support the new CFO until her departure. Schroer joined Aris in March 2021 and has been instrumental in the company’s transition to a public entity and the launch of sustainability-linked bonds. Aris will consider both internal and external candidates for her successor. The company aims to maintain its growth-oriented environmental infrastructure services while ensuring a smooth leadership transition.

Aris Water Solutions (NYSE: ARIS) has secured a long-term water management agreement with Chevron U.S.A. in the Permian Basin. This contract involves produced water handling and recycling services, enhancing Chevron’s sustainability by increasing recycled water usage and reducing groundwater reliance. CEO Amanda Brock emphasized the significance of this milestone, noting it expands Aris's acreage, securing a premier position in the Northern Delaware Basin. The company continues to grow its recycling capabilities and fosters collaborations for beneficial water reuse.

Aris Water Solutions, Inc. (NYSE: ARIS) reported impressive first quarter results for 2022, with total water volumes rising 45% to approximately 1.2 million barrels per day. Recycled produced water volumes surged 290% to around 273 thousand barrels per day. Despite a consolidated net loss of $6.6 million, a decline from a net income of $2.8 million in Q1 2021, adjusted EBITDA reached $35.9 million, up 54% year-over-year. The company announced a new contract with Chevron for exclusive water services and declared a dividend of $0.09 per share for Q2 2022, projecting significant growth for the year.

Aris Water Solutions, Inc. (NYSE: ARIS) has declared a second-quarter dividend of $0.09 per share on its Class A common stock, to be paid on May 31, 2022, to shareholders on record as of May 19, 2022. Additionally, a similar distribution of $0.09 per unit will be made to unit holders of Solaris Midstream Holdings, LLC. The company focuses on environmental infrastructure, providing water handling and recycling solutions, particularly in the Permian Basin.

Aris Water Solutions, Inc. (NYSE: ARIS) has scheduled a conference call to discuss its first quarter 2022 results on May 10, 2022, at 8:00 a.m. Central Time. The earnings release will be available after market close on May 9, 2022. Participants can join the call by dialing (877) 407-5792 or via live webcast on the company's website. A replay of the call will be accessible for approximately 14 days via specific phone lines. Aris Water specializes in environmental infrastructure, focusing on sustainable water handling and recycling solutions in the Permian Basin.