Smart Sand Inc Stock Price, News & Analysis

Smart Sand, Inc. (NASDAQ: SND) will announce its second quarter financial results on August 3, 2021, post-market. A conference call for investors is scheduled for August 4, 2021, at 10:00 a.m. ET, featuring CEO Chuck Young and other executives. The call will be accessible via the Company’s website and telephone. Smart Sand specializes in high-quality Northern White frac sand and logistics services for the oil and gas industry, with operations in Wisconsin and Illinois.

Smart Sand, Inc. (NASDAQ: SND) announced a favorable settlement with U.S. Well Services, resolving a $50.9 million judgment from a breach of contract case. U.S. Well Services paid Smart Sand $35.0 million in cash and entered a two-year Right of First Refusal Agreement covering Northern White frac sand purchases. CEO Charles Young emphasized that this settlement enhances Smart Sand’s liquidity and strengthens its business operations, enabling a renewed focus on core activities and sales growth in the upcoming years.

Smart Sand, Inc. (NASDAQ: SND) won a court ruling against U.S. Well Services, LLC for breaching a multi-year contract involving frac sand supply. The Superior Court of Delaware found that U.S. Well failed to purchase the required tonnages, leading to Smart Sand claiming damages of approximately $54 million. U.S. Well initially denied the claims but abandoned its counterclaims after the trial. The court directed final judgment in favor of Smart Sand, expected to be available by late June 2021. CEO Charles Young expressed satisfaction with the ruling and plans to maximize recovery.

Smart Sand, Inc. (NASDAQ: SND) reported 1Q 2021 revenues of $27.5 million, up from $25.3 million in the previous quarter, attributed to a 24% increase in tons sold. Approximately 760,000 tons were sold in 1Q 2021, reflecting strong demand despite challenging weather. The company incurred a net loss of $3.9 million, an increase from the prior quarter's loss of $2.9 million. Adjusted EBITDA was $(3.5) million, improving from $(7.7) million in 4Q 2020. Smart Sand continues to maintain liquidity with $11.4 million cash on hand and plans to invest $10-$15 million in capital expenditures for 2021.

Smart Sand, Inc. (NASDAQ: SND) will announce its Q1 financial results on May 4, 2021, after market close. A conference call for investors is scheduled for May 5, 2021, at 10:00 a.m. Eastern Time, hosted by CEO Chuck Young, CFO Lee Beckelman, and COO John Young. Investors can access the live webcast on the company’s website and through direct telephone lines. Smart Sand specializes in providing frac sand supply and proppant logistics, serving oil and natural gas exploration and production companies across the U.S. and Canada.

Smart Sand reported 2020 revenue of $122.3 million, a 48% decrease from 2019 due to the impact of the COVID-19 pandemic on oil demand, leading to a 23% drop in tons sold. The fourth quarter revenue was $25.3 million, up from the third quarter, but down 47% year-over-year. Despite challenges, the company achieved $25.5 million in net cash from operations and reduced its debt. The acquisition of Eagle Proppants Holdings added significant processing capacity and logistics capabilities. Net income for 2020 rose to $38 million, boosted by a bargain purchase gain.

Smart Sand, Inc. (NASDAQ: SND) will release its fourth quarter financial results on March 2, 2021, after market close. A conference call for investors is scheduled for March 3, 2021, at 10:00 a.m. ET, where CEO Chuck Young, CFO Lee Beckelman, and COO John Young will discuss the results. Investors can access the live webcast through the company’s website, with a replay available after the call. Smart Sand provides frac sand supply and services to oil and gas companies, operating premium mines in Wisconsin and Illinois, with extensive logistics solutions.

Smart Sand, Inc. (NASDAQ: SND) reported its 3Q 2020 results, with revenues at $23.4 million, down from $65.7 million year-over-year, driven by depressed oil prices and reduced demand due to COVID-19. Net income soared to $36.3 million, largely due to a $39.9 million bargain purchase gain from the acquisition of Eagle Materials' proppant business. Total tons sold reached 309,000, showing a sequential increase but a significant decline from 611,000 tons in 3Q 2019. Adjusted EBITDA fell to $6.1 million, reflecting lower revenue and volumes sold.

Smart Sand, Inc. (NASDAQ: SND) will release its third quarter financial results on November 9, 2020, following market close. A conference call for investors is scheduled for November 10, 2020, at 10:00 a.m. ET, featuring CEO Chuck Young, CFO Lee Beckelman, and COO John Young. Investors can access the live webcast on the company's website or join via telephone. Smart Sand, based in The Woodlands, Texas, specializes in frac sand supply for oil and natural gas sectors, owning mines and processing facilities in Wisconsin and Illinois, optimized for logistics and distribution.