Welcome to our dedicated page for Smart Sand news (Ticker: SND), a resource for investors and traders seeking the latest updates and insights on Smart Sand stock.
Smart Sand, Inc. (NASDAQ: SND) is an industrial sand mining company that describes itself as a fully integrated frac and industrial sand supply and services provider. Its news flow centers on the production and sale of Northern White sand for hydraulic fracturing, industrial sand applications, and the logistics network that connects its Wisconsin and Illinois mines to shale basins and industrial customers across the United States and Canada.
On this page, readers can review press releases and other coverage related to Smart Sand’s operating performance, including quarterly and annual earnings announcements that discuss tons of sand sold, revenue composition between sand and SmartSystems, contribution margin, Adjusted EBITDA, and free cash flow. These updates often explain how sales volumes, average selling prices, freight and transloading costs, and delivery locations affect the company’s results.
News items also highlight developments in Smart Sand’s capital allocation, such as special cash dividends on its common stock and share repurchases under a board-authorized repurchase program. The company has announced special dividends and has described returning capital to shareholders through a combination of stock buybacks and dividends over multiple periods.
In addition, Smart Sand’s releases describe its activity in various shale basins, including the Marcellus, Utica, Bakken, and Canadian plays such as the Montney and Duvernay, as well as growth in its Industrial Product Solutions business. Investors can also find notices about participation in virtual investor conferences and the timing of earnings releases. For ongoing context on how Smart Sand reports its operations, markets, and financial condition, this news feed aggregates the company’s public statements and related coverage.
Smart Sand, Inc. reported strong financial results for Q3 2022, with revenues of $71.6 million and a net income of $2.7 million. Despite a 7% sequential decrease in tons sold, volumes increased by 41% year-over-year. The company's gross profit rose to $11.4 million, driven by higher sales prices and shortfall revenues. Adjusted EBITDA was $11.3 million, reflecting improved operational efficiency. Smart Sand maintained a positive outlook for demand in the North American market, forecasting continued strong performance.
Smart Sand, Inc. (NASDAQ: SND) will release its third quarter financial results on November 8, 2022, after market close. An investor conference call is scheduled for November 9, 2022, at 10:00 a.m. ET, featuring CEO Chuck Young, CFO Lee Beckelman, and COO John Young to discuss the results. Interested parties can join the call via webcast or teleconference. A replay will be available post-call.
Smart Sand reported a 2Q 2022 revenue of $68.7 million, a significant rise from $41.6 million in 1Q 2022 and $29.6 million YoY. The company sold approximately 1.2 million tons of sand, a record volume driven by strong demand and higher pricing. Despite a net loss of $0.1 million, an improvement from previous quarters, the adjusted EBITDA stood at $9.2 million. The company anticipates continued financial strength in the latter half of the year with increased deployments of its SmartSystems and industrial sales.
Smart Sand, Inc. (NASDAQ: SND) will release its Q2 financial results on August 9, 2022, after market close. A conference call for investors is scheduled for August 10, 2022, at 10:00 a.m. ET, led by CEO Chuck Young, CFO Lee Beckelman, and COO John Young. Investors can access the live webcast through the company’s website, and a replay will be available afterward. Smart Sand specializes in frac and industrial sand supply and logistics, producing high-quality Northern White sand for oil and gas applications, with operations in Wisconsin and Illinois.
Smart Sand (SND) reported first-quarter 2022 revenues of $41.6 million, a 18% increase from Q4 2021's $35.1 million and a 51% rise from $27.5 million in Q1 2021. The company sold approximately 852,000 tons of sand, slightly down from the previous quarter but up 12% year-over-year. Gross profit improved to -$2.0 million, compared to -$6.5 million in Q4 2021, reflecting higher sales prices. Despite a net loss of $5.9 million for Q1 2022, improvements in revenue, contribution margin, and adjusted EBITDA indicate a potential for recovery as market conditions improve.
Smart Sand, Inc. (NASDAQ: SND) will announce its first quarter financial results on May 11, 2022, after market close. A conference call is scheduled for May 12, 2022, at 10:00 a.m. Eastern Time, featuring CEO Chuck Young, CFO Lee Beckelman, and COO John Young. The call can be accessed via webcast on the Company’s website or by phone with specific dialing instructions provided. Smart Sand specializes in supplying and servicing frac sand, focusing on high-quality Northern White sand for hydrocarbon recovery and industrial applications. More information can be found at www.smartsand.com.
Smart Sand, Inc. reported revenue of $35.1 million for Q4 2021 and $126.6 million for the full year, marking a 4% increase year-over-year. Sales volumes rebounded to pre-pandemic levels, totaling approximately 872,000 tons in Q4 and 3,189,000 tons for the year, a 69% increase from 2020. However, the company reported a net loss of $(50.7) million for 2021, attributed to high costs and a $19.6 million bad debt expense. The recent acquisition of the Hi-Crush Blair facility for $6.5 million aims to expand market reach and enhance logistics capabilities.
Smart Sand, Inc. (NASDAQ: SND) is set to release its fourth quarter and full year 2021 financial results on March 8, 2022, after market close. A conference call is scheduled for March 9, 2022, at 10:00 a.m. Eastern Time to discuss the results and recent developments. Key executives, including CEO Chuck Young, CFO Lee Beckelman, and COO John Young, will participate in the call. Investors can join via the company’s website or by telephone. Smart Sand specializes in frac sand supply and logistics services, primarily for the oil and natural gas sectors.
Smart Sand, Inc. (NASDAQ: SND) has commenced operations at its new unit-train-capable transloading terminal in Waynesburg, Pennsylvania, enhancing its presence in the Marcellus Basin. This facility, located on Norfolk Southern’s Class 1 rail line, has a transloading capacity exceeding one million tons of frac sand per year and will serve as the Company’s Northeastern hub for its SmartSystem™ solutions. The terminal aims to reduce costs and carbon emissions while providing growth opportunities, similar to the success of the Van Hook terminal in the Bakken.
Smart Sand (NASDAQ: SND) reported a Q3 2021 revenue of $34.5 million, marking a 16.5% increase from Q2 2021. The company sold approximately 790,000 tons of sand, a 3% sequential rise and a remarkable 156% year-over-year increase. However, it experienced a net loss of $7.3 million, significantly improved from the previous quarter's loss of $27.3 million. Despite this, the loss is attributed to ongoing low average selling prices. Liquidity remains strong with $36.7 million in cash on hand and undrawn credit available. The company continues to invest in capacity expansion.