Smart Sand Inc Stock Price, News & Analysis

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.

Smart Sand, Inc. (SND) will release its third quarter financial results on November 9, 2021, after market close. A conference call for investors is scheduled for November 10, 2021, at 10:00 a.m. ET, featuring CEO Chuck Young and other executives discussing results and recent developments. Investors can access the call via a live webcast on the company's website or by phone. Smart Sand specializes in frac sand supply and services for oil and gas firms, operating mines in Wisconsin and Illinois with logistics capabilities across the U.S. and Canada.

Smart Sand, Inc. announced that Richard J. “Rick” Shearer will become President – Industrial Products at the end of September. Shearer, an industry veteran with a strong track record, previously held CEO positions at Emerge Energy Services and Superior Silica Sands. His experience is expected to support Smart Sand's strategy to diversify into new markets for industrial products. CEO Charles Young highlighted Shearer's expertise as crucial for broadening the company's offerings and attracting new customers.