Smart Sand Inc Stock Price, News & Analysis

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.

Smart Sand, Inc. (NASDAQ: SND) announced the completion of its acquisition of the Oil and Gas Proppants Segment of Eagle Materials on September 18, 2020, for $2 million, paid with newly-issued shares. This segment includes frac sand mines in Illinois and Wisconsin, with a processing capacity of 3.5 million tons per year. The acquisition enhances logistics capabilities and market presence, allowing Smart Sand to expand into new basins. Additionally, Eagle Materials will provide up to $5 million in liquidity support within the first year of the acquisition.

Smart Sand (NASDAQ: SND) reported a revenue of $26.1 million for 2Q 2020, down from $47.5 million in 1Q 2020 and $67.9 million in 2Q 2019, largely due to decreased oil demand amid the COVID-19 pandemic. Net income was $4.6 million, a recovery from a minor loss in 1Q 2020 but lower than last year's $14.3 million. Adjusted EBITDA rose to $15.6 million, boosted by shortfall revenues. The company reduced its capital expenditure budget amid ongoing market challenges, with full-year spend now under $10 million.

Smart Sand, Inc. (NASDAQ: SND) will announce its second quarter financial results on August 4, 2020, after market close. A conference call will follow on August 5, 2020, at 10:00 a.m. ET, hosted by CEO Chuck Young, CFO Lee Beckelman, and COO John Young. Investors can access the live webcast on the company’s website or participate via telephone. Smart Sand specializes in frac sand supply and services, operating a mine in Wisconsin with 316 million tons of recoverable sand reserves.