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.
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 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
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.