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 Water Solutions, Inc. (NYSE: ARIS) announced its third quarter 2022 conference call scheduled for November 10, 2022, at 8:00 a.m. Central Time. The earnings release will be issued after market close on November 9, 2022. Interested participants can join the call by dialing (877) 407-5792 and are encouraged to log in ten minutes early. An audio replay will be accessible shortly after the call. Aris Water specializes in providing environmental infrastructure solutions, notably in the Permian Basin, aimed at reducing water and carbon footprints for energy companies.
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.
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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.