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. (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.
Smart Sand, Inc. (NASDAQ: SND) has announced it has regained compliance with Nasdaq listing requirements, following a period where its stock price fell below the $1.00 minimum threshold. After a notification on May 14, 2020, regarding its non-compliance, the company reported that from May 28 to June 10, 2020, the bid price was maintained at or above $1.00. CEO Charles Young expressed satisfaction with this compliance achievement, emphasizing the company's commitment to providing high-quality products and services to its customers.