Smart Sand, Inc. Announces Third Quarter 2026 Results
Quarterly free cash flow rose to $17.3 million from negative $1.4 million in the second quarter.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Smart Sand (NASDAQ: SND) reported third-quarter 2026 revenue of $112.3 million, rising year over year but declining from the second quarter. Net income was $8.4 million, or $0.20 per diluted share, versus $3.0 million and $0.08 a year earlier and $10.2 million and $0.25 sequentially. Tons sold rose 21% year over year but fell 4% sequentially to approximately 1,783,000.
Operating cash flow reached $21.1 million, and free cash flow was $17.3 million after $3.8 million in capital expenditures. Adjusted EBITDA, a non-GAAP earnings measure, was $18.0 million versus $13.6 million a year earlier and $18.7 million sequentially. Smart Sand expects 2026 sales volumes to increase 20%–30% over 2025 and positive full-year free cash flow. A $0.05-per-share special dividend is payable November 30, 2026. Cash was $21.7 million at September 30, with $50.0 million in undrawn credit availability.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointQ3 revenue of $112.3 million exceeded $92.8 million a year earlier but trailed $115.1 million sequentially.
- Moderate pointQ3 net income of $8.4 million exceeded $3.0 million a year earlier but fell from $10.2 million sequentially.
- Moderate pointApproximately 1,783,000 tons sold increased 21% year over year but decreased 4% sequentially.
- Moderate pointQ3 adjusted EBITDA of $18.0 million rose from $13.6 million year over year but declined from $18.7 million sequentially.
- Moderate pointQ3 free cash flow of $17.3 million improved from negative $1.4 million sequentially and $14.8 million a year earlier.
- Moderate point. Forward-looking: it has not happened yet and may not happen.2026 sales volumes are expected by Smart Sand to increase 20% to 30% over 2025.
13 minor points
- Minor pointQ3 diluted EPS of $0.20 rose from $0.08 year over year but fell from $0.25 sequentially.
- Minor pointQ3 gross profit of $19.2 million rose from $14.9 million year over year but declined from $19.8 million sequentially.
- Minor pointQ3 operating income of $9.201 million exceeded $5.370 million a year earlier but trailed $10.051 million sequentially.
- Minor pointQ3 contribution margin of $26.4 million exceeded $21.7 million year over year but trailed $27.1 million sequentially.
- Minor pointContribution margin per ton of $14.82 exceeded $14.54 sequentially and $14.74 a year earlier.
- Minor pointQ3 operating cash flow of $21.1 million increased from $3.413 million sequentially and $18.159 million a year earlier.
- Minor point. Forward-looking: it has not happened yet and may not happen.Positive 2026 free cash flow remains Smart Sand's expectation.
- Minor point. Forward-looking: it has not happened yet and may not happen.$0.05-per-share special dividend payable November 30, 2026 will return approximately $2.2 million to shareholders.
- Minor point. Forward-looking: it has not happened yet and may not happen.Williamsport terminal operating rights acquired; Smart Sand expects the Pennsylvania terminal to become operational in 2027.
- Minor pointFort St. John site rights acquired for potential future terminal development in British Columbia.
- Minor pointQ3 cash of $21.660 million increased from $10.197 million at the quarter's start.
- Minor point$50.0 million in undrawn credit availability remained under the FCB ABL Credit Facility at September 30.
- Minor pointQ3 notes payable repayments of $1.396 million reduced outstanding borrowing obligations.
Negative
- Moderate point. Forward-looking: it has not happened yet and may not happen.2026 capital expenditures are projected at $15.0 million–$20.0 million, excluding acquisitions and potential new-terminal investments.
- Minor pointQ3 operating expenses of $10.0 million increased from $9.8 million sequentially and $9.5 million a year earlier.
- Minor pointQ3 cost of goods sold of $93.1 million increased from $77.9 million year over year, despite falling sequentially.
- Minor pointQ3 income tax expense of $566,000 rose from $52,000 sequentially, though below $2.076 million a year earlier.
- Minor pointQ3 net other expenses of $283,000 replaced $169,000 net other income sequentially, versus $292,000 expenses a year earlier.
2 minor points
- Minor pointSmartSystems Q3 cost of goods sold of $1.417 million exceeded its $1.235 million revenue.
- Minor pointOperating lease liabilities increased: current obligations reached $10.219 million and long-term obligations $20.088 million versus December 31, 2025.
News Explained
The company authorized up to
Key Figures
- Revenue
- $112.3 million
- 3Q 2026; down from $115.1 million in 2Q 2026 and up from $92.8 million in 3Q 2025
- Net income
- $8.4 million
- 3Q 2026
- Tons sold
- 1,783,000 tons
- 3Q 2026; down 4% sequentially and up 21% year over year
- Contribution margin
- $26.4 million
- 3Q 2026
- Adjusted EBITDA
- $18.0 million
- 3Q 2026
- Free cash flow
- $17.3 million
- 3Q 2026; compared with $(1.4) million in 2Q 2026
- 2026 sales volume outlook
- 20% to 30% increase
- Compared with 2025 sales volumes
- 2026 capital expenditures outlook
- $15.0 million to $20.0 million
- Excludes acquisitions and potential investments in new terminals
Previous Earnings Reports
-
Reported record sales volume and positive net income; full-year volume-growth guidance was 10–20%.
-
Reported a net loss and set full-year volume-growth guidance at 5–10%.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
proppant technical
adjusted ebitda financial
gaap financial
asset retirement obligations financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
- 3Q 2026 revenue of
$112.3 million - 3Q 2026 net income of
$8.4 million - 3Q 2026 cash flow provided by operations of
$21.1 million - 3Q 2026 contribution margin
$26.4 million - 3Q 2026 Adjusted EBITDA of
$18.0 million - 3Q 2026 free cash flow of
$17.3 million
"Smart Sand delivered another outstanding quarter of operational and financial results," stated Charles Young, Smart Sand's Chief Executive Officer. "In the quarter, we achieved strong sales volumes, contribution margin, Adjusted EBITDA and generated over
"We continue to see robust activity in our core operating basins, and we currently expect these activity levels to continue through the fourth quarter and into 2027," Young continued. "Our Industrial Product Solution sales volumes continued to grow and our SmartSystems performed well in the quarter. For the full year 2026, we currently expect sales volumes to increase by
"Smart Sand has been able to substantially grow our business this year while returning approximately
Third Quarter 2026 Highlights
In the third quarter of 2026, tons sold totaled approximately 1,783,000, compared to 1,864,000 tons sold in the second quarter of 2026 and 1,472,000 tons sold in the third quarter of 2025, reflecting a
Revenues in the third quarter of 2026 were
Cost of goods sold was
Gross profit for the third quarter of 2026 was
Operating expenses for the third quarter of 2026 were
Total other expenses for the third quarter of 2026 were
Total interest expense for the third quarter of 2026 was
In the third quarter of 2026, the Company recorded a net income of
Contribution margin in the third quarter of 2026 was
Adjusted EBITDA was
Free cash flow in the third quarter of 2026 was
The
Liquidity
In the third quarter of 2026, the Company did not repurchase any shares of its common stock under its share repurchase program. On February 23, 2026, the Company's board of directors approved a share repurchase program authorizing the Company to repurchase up to
On November 5, 2026, the Company's Board of Directors declared a special dividend of
On July 16, 2026, the Company's board of directors declared a special dividend of
On April 9, 2026, the Company's board of directors declared a special dividend of
Including the dividend to be paid on November 30, 2026, year to date in 2026, the Company has returned approximately
The Company's primary sources of liquidity consist of cash on hand, cash flow from operations, and available borrowings under the Company's FCB ABL Credit Facility. As of September 30, 2026, cash on hand was
Additional Information
Investors are invited to view the Company's financial statements and investor presentations at www.smartsand.com. The Company also welcomes calls or emails to the Company's Chief Financial Officer, Lee Beckelman, with any specific questions.
Forward-looking Statements
All statements in this news release other than statements of historical facts are forward-looking statements that contain the Company's current expectations about its future results, including the Company's expectations regarding future sales. The Company has attempted to identify any forward-looking statements by using words such as "expect," "will," "estimate," "believe" and other similar expressions. Although the Company believes that the expectations reflected and the assumptions or bases underlying its forward-looking statements are reasonable, the Company can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause actual results, events or financial positions to differ materially from those included within or implied by such forward-looking statements.
Factors that could cause actual results to differ materially from the results contemplated by such forward-looking statements include, but are not limited to, fluctuations in product demand, delays in the completion of certain expansion and improvement projects at the Company's existing facilities or failure to recognize the anticipated benefits of such projects, regulatory changes, adverse weather conditions, increased fuel prices, higher transportation costs, access to capital, increased competition, changes in economic or political conditions, and such other factors discussed or referenced in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed by the Company with the U.S. Securities and Exchange Commission ("SEC") on February 26, 2026, and in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, filed by the Company with the SEC on November 10, 2026.
The reader should not place undue reliance on the Company's forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.
About Smart Sand
Smart Sand is a fully integrated frac and industrial sand supply and services company, offering complete mine to wellsite proppant and logistics solutions to its frac sand customers, and a broad offering of products for industrial sand customers. The Company produces low-cost, high quality Northern White sand, which is a premium sand used as a proppant to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company's sand is also a high-quality product used in a variety of industrial applications, including glass, foundry, building products, filtration, geothermal, renewables, ceramics, turf & landscaping, retail, recreation and more. The Company also offers logistics solutions to its customers through its in-basin transloading terminals and its SmartSystems wellsite storage capabilities. Smart Sand owns and operates premium sand mines and related processing facilities in
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SMART SAND, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
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Three Months Ended |
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September 30, 2026 |
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June 30, 2026 |
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September 30, 2025 |
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(unaudited) |
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(unaudited) |
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(unaudited) |
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(in thousands, except per share amounts) |
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Revenues: |
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Sand revenue |
$ 111,062 |
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$ 113,849 |
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$ 91,643 |
|
SmartSystems revenue |
1,235 |
|
1,201 |
|
1,137 |
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Total revenue |
112,297 |
|
115,050 |
|
92,780 |
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Cost of goods sold: |
|
|
|
|
|
|
Sand cost of goods sold |
91,697 |
|
93,861 |
|
76,766 |
|
SmartSystems cost of goods sold |
1,417 |
|
1,364 |
|
1,101 |
|
Total cost of goods sold |
93,114 |
|
95,225 |
|
77,867 |
|
Gross profit |
19,183 |
|
19,825 |
|
14,913 |
|
Operating expenses: |
|
|
|
|
|
|
Selling, general and administrative |
9,448 |
|
9,382 |
|
9,064 |
|
Depreciation and amortization |
545 |
|
552 |
|
589 |
|
Gain on disposal of fixed asset, net |
(11) |
|
(160) |
|
(110) |
|
Total operating expenses |
9,982 |
|
9,774 |
|
9,543 |
|
Operating income |
9,201 |
|
10,051 |
|
5,370 |
|
Other income (expenses): |
|
|
|
|
|
|
Interest expense, net |
(298) |
|
(303) |
|
(320) |
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Other income |
15 |
|
472 |
|
28 |
|
Total other (expenses) income, net |
(283) |
|
169 |
|
(292) |
|
Income before income tax expense |
8,918 |
|
10,220 |
|
5,078 |
|
Income tax expense |
566 |
|
52 |
|
2,076 |
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Net income |
$ 8,352 |
|
$ 10,168 |
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$ 3,002 |
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Net income per common share: |
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|
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Basic |
$ 0.21 |
|
$ 0.26 |
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$ 0.08 |
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Diluted |
$ 0.20 |
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$ 0.25 |
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$ 0.08 |
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Weighted-average number of common shares: |
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|
|
|
|
|
Basic |
39,079 |
|
39,260 |
|
38,826 |
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Diluted |
41,028 |
|
41,372 |
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38,951 |
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SMART SAND, INC. CONDENSED CONSOLIDATED BALANCE SHEETS |
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September 30, 2026 |
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December 31, 2025 |
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(unaudited) |
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(in thousands) |
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Assets |
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|
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Current assets: |
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Cash and cash equivalents |
$ 21,660 |
|
$ 22,551 |
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Accounts receivable |
33,786 |
|
30,519 |
|
Unbilled receivables |
564 |
|
— |
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Inventory |
39,411 |
|
31,081 |
|
Prepaid expenses and other current assets |
4,598 |
|
3,991 |
|
Total current assets |
100,019 |
|
88,142 |
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Property, plant and equipment, net |
217,821 |
|
223,254 |
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Operating lease right-of-use assets |
30,669 |
|
23,471 |
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Intangible assets, net |
3,697 |
|
4,292 |
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Other assets |
904 |
|
855 |
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Total assets |
$ 353,110 |
|
$ 340,014 |
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Liabilities and Stockholders' Equity |
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Current liabilities: |
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Accounts payable |
$ 10,852 |
|
$ 9,427 |
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Accrued expenses and other liabilities |
25,460 |
|
17,544 |
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Deferred revenue |
2,952 |
|
9,838 |
|
Current portion of long-term debt |
5,788 |
|
4,366 |
|
Current portion of operating lease liabilities |
10,219 |
|
8,765 |
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Total current liabilities |
55,271 |
|
49,940 |
|
Long-term debt |
7,412 |
|
8,657 |
|
Long-term operating lease liabilities |
20,088 |
|
14,392 |
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Deferred tax liabilities, net |
3,579 |
|
4,188 |
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Asset retirement obligations |
23,337 |
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22,472 |
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Other non-current liabilities |
644 |
|
668 |
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Total liabilities |
110,331 |
|
100,317 |
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Commitments and contingencies |
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Stockholders' equity |
|
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Common stock |
38 |
|
39 |
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Treasury stock |
(23,021) |
|
(17,393) |
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Additional paid-in capital |
191,608 |
|
189,031 |
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Retained earnings |
74,207 |
|
68,073 |
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Accumulated other comprehensive loss |
(53) |
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(53) |
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Total stockholders' equity |
242,779 |
|
239,697 |
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Total liabilities and stockholders' equity |
$ 353,110 |
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$ 340,014 |
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SMART SAND, INC. |
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Three Months Ended |
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September 30, 2026 |
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June 30, 2026 |
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September 30, 2025 |
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(unaudited) |
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(unaudited) |
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(unaudited) |
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(in thousands) |
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Operating activities: |
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Net income |
$ 8,352 |
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$ 10,168 |
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$ 3,002 |
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Adjustments to reconcile net income to net cash provided by operating activities: |
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Depreciation, depletion and accretion of asset retirement obligations |
7,668 |
|
7,712 |
|
7,252 |
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Amortization of intangible assets |
198 |
|
199 |
|
198 |
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Gain on disposal of fixed assets |
(11) |
|
(160) |
|
(110) |
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Amortization of deferred financing cost |
64 |
|
65 |
|
65 |
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Provision for bad debt |
— |
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13 |
|
41 |
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Deferred income taxes |
417 |
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(44) |
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2,029 |
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Stock-based compensation |
831 |
|
712 |
|
914 |
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Employee stock purchase plan compensation |
7 |
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9 |
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5 |
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Changes in assets and liabilities: |
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Accounts receivable |
11,262 |
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(16,665) |
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2,945 |
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Unbilled receivables |
163 |
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(606) |
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1 |
|
Inventory |
(7,775) |
|
(1,400) |
|
(2,940) |
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Prepaid expenses and other assets |
270 |
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(345) |
|
(1,189) |
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Deferred revenue |
1,369 |
|
542 |
|
(18) |
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Accounts payable |
(6,208) |
|
4,982 |
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(5,690) |
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Accrued and other expenses |
4,517 |
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(1,769) |
|
11,654 |
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Net cash provided by operating activities |
21,124 |
|
3,413 |
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18,159 |
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Investing activities: |
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Purchases of property, plant and equipment |
(3,843) |
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(4,768) |
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(3,385) |
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Proceeds from disposal of assets |
— |
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1 |
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— |
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Net cash used in investing activities |
(3,843) |
|
(4,767) |
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(3,385) |
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Financing activities: |
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Dividend payments to shareholders |
(4,015) |
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(4,143) |
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(3,891) |
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Repayments of notes payable |
(1,396) |
|
(1,085) |
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(821) |
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Payments under finance leases |
(62) |
|
(63) |
|
(59) |
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Payment of deferred financing and debt issuance costs |
(67) |
|
— |
|
— |
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Proceeds from revolving credit facility |
— |
|
— |
|
8,000 |
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Repayment of revolving credit facility |
— |
|
— |
|
(17,000) |
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Proceeds from equity issuance |
28 |
|
— |
|
21 |
|
Repurchase of treasury stock from restricted stock vesting |
(308) |
|
(112) |
|
(208) |
|
Repurchase of treasury stock from Repurchase Programs |
2 |
|
(2,500) |
|
(28) |
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Net cash used in financing activities |
(5,818) |
|
(7,903) |
|
(13,986) |
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Net increase (decrease) in cash and cash equivalents |
11,463 |
|
(9,257) |
|
788 |
|
Cash and cash equivalents at beginning of period |
10,197 |
|
19,454 |
|
4,293 |
|
Cash and cash equivalents at end of period |
$ 21,660 |
|
$ 10,197 |
|
$ 5,081 |
Non-GAAP Financial Measures
Contribution Margin
The Company uses contribution margin, which is defined as total revenues less costs of goods sold excluding depreciation, depletion and accretion of asset retirement obligations, to measure its financial and operating performance. Contribution margin excludes other operating expenses and income, including costs not directly associated with the operations of the Company's business such as accounting, human resources, information technology, legal, sales and other administrative activities.
Management believes that reporting contribution margin and contribution margin per ton sold provides useful performance metrics to management and external users of the Company's financial statements, such as investors and commercial banks, because these metrics provide an operating and financial measure of the Company's ability, as a combined business, to generate margin in excess of its operating cost base.
Gross profit is the GAAP measure most directly comparable to contribution margin. Contribution margin should not be considered an alternative to gross profit presented in accordance with GAAP. Because contribution margin may be defined differently by other companies in the industry, the Company's definition of contribution margin may not be comparable to similarly titled measures of other companies, thereby diminishing its utility. The following table presents a reconciliation of gross profit to contribution margin.
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Three Months Ended |
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September 30, 2026 |
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June 30, 2026 |
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September 30, 2025 |
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(in thousands, except per ton amounts) |
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Revenue |
$ 112,297 |
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$ 115,050 |
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$ 92,780 |
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Cost of goods sold |
93,114 |
|
95,225 |
|
77,867 |
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Gross profit |
19,183 |
|
19,825 |
|
14,913 |
|
Depreciation, depletion, and accretion of asset retirement obligations included in cost of goods sold |
7,247 |
|
7,282 |
|
6,786 |
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Contribution margin |
$ 26,430 |
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$ 27,107 |
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$ 21,699 |
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Contribution margin per ton |
$ 14.82 |
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$ 14.54 |
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$ 14.74 |
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Total tons sold |
1,783 |
|
1,864 |
|
1,472 |
EBITDA and Adjusted EBITDA
EBITDA is defined as net income, plus: (i) depreciation, depletion and amortization expense; (ii) income tax expense (benefit) and other results of operations based taxes; and (iii) interest expense. Adjusted EBITDA is defined as EBITDA, plus: (i) gain or loss on sale of fixed assets or discontinued operations; (ii) integration and transition costs associated with specified transactions; (iii) equity compensation; (iv) acquisition and development costs; (v) non-recurring cash charges related to restructuring, retention and other similar actions; (vi) earn-out, contingent consideration obligations; and (vii) non-cash items and unusual or non-recurring items. Adjusted EBITDA is used as a supplemental financial measure by management and by external users of the Company's financial statements, such as investors and commercial banks, to assess:
- the financial performance of the Company's assets without regard to the impact of financing methods, capital structure or historical cost basis of such assets;
- the viability of capital expenditure projects and the overall rates of return on alternative investment opportunities;
- the Company's ability to incur and service debt and fund capital expenditures;
- the Company's operating performance as compared to those of other companies in its industry without regard to the impact of financing methods or capital structure; and
- the Company's debt covenant compliance, as Adjusted EBITDA is a key component of critical covenants to the FCB ABL Credit Facility.
Management believes that the presentation of EBITDA and Adjusted EBITDA will provide useful information to investors in assessing the Company's financial condition and results of operations. Net income is the GAAP measure most directly comparable to EBITDA and Adjusted EBITDA. EBITDA and Adjusted EBITDA should not be considered alternatives to net income presented in accordance with GAAP. Because EBITDA and Adjusted EBITDA may be defined differently by other companies in the Company's industry, the Company's definitions of EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. The following table presents a reconciliation of net income (loss) to EBITDA and Adjusted EBITDA for each of the periods indicated.
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Three Months Ended |
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September 30, 2026 |
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June 30, 2026 |
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September 30, 2025 |
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(in thousands) |
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Net income (loss) |
$ 8,352 |
|
$ 10,168 |
|
$ 3,002 |
|
Depreciation, depletion and amortization |
7,579 |
|
7,622 |
|
7,179 |
|
Income tax expense (benefit) and other taxes |
566 |
|
52 |
|
2,076 |
|
Interest expense |
387 |
|
378 |
|
364 |
|
EBITDA |
$ 16,884 |
|
$ 18,220 |
|
$ 12,621 |
|
Net (gain) loss on disposal of fixed assets |
(11) |
|
(160) |
|
(110) |
|
Equity compensation |
796 |
|
722 |
|
834 |
|
Cash charges related to restructuring and retention |
— |
|
— |
|
— |
|
Accretion of asset retirement obligations |
289 |
|
289 |
|
269 |
|
Equipment cost recovery |
— |
|
(419) |
|
— |
|
Adjusted EBITDA |
$ 17,958 |
|
$ 18,652 |
|
$ 13,614 |
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Free Cash Flow
Free cash flow, which is defined as net cash provided by operating activities less purchases of property, plant and equipment, is used as a supplemental financial measure by the Company's management and by external users of the Company's financial statements, such as investors and commercial banks, to measure the liquidity of its business.
Net cash provided by operating activities is the GAAP measure most directly comparable to free cash flow. Free cash flow should not be considered an alternative to net cash provided by operating activities presented in accordance with GAAP. Because free cash flows may be defined differently by other companies in the Company's industry, the Company's definition of free cash flow may not be comparable to similarly titled measures of other companies, thereby diminishing its utility. The following table presents a reconciliation of net cash provided by operating activities to free cash flow.
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|
Three Months Ended |
||||
|
|
September 30, 2026 |
|
June 30, 2026 |
|
September 30, 2025 |
|
|
(in thousands) |
||||
|
Net cash provided by (used in) operating activities |
$ 21,124 |
|
$ 3,413 |
|
$ 18,159 |
|
Purchases of property, plant and equipment |
(3,843) |
|
(4,768) |
|
(3,385) |
|
Free cash flow |
$ 17,281 |
|
$ (1,355) |
|
$ 14,774 |
Investor Contacts:
Lee Beckelman
Chief Financial Officer
(281) 231-2660
lbeckelman@smartsand.com
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SOURCE Smart Sand, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Smart Sand's third-quarter 2026 earnings?
Smart Sand earned $8.4 million, or $0.20 per diluted share, in the third quarter of 2026. That compares with $3.0 million and $0.08 per diluted share a year earlier, and $10.2 million and $0.25 per diluted share in the second quarter of 2026.
When will Smart Sand pay its November 2026 special dividend, and who qualifies?
The $0.05-per-share special dividend will be paid November 30, 2026 to shareholders of record at the close of business on November 18, 2026. The payment will return approximately $2.2 million to shareholders.
What does Smart Sand's 2026 capital spending outlook include?
Smart Sand projects $15.0 million to $20.0 million in full-year 2026 capital expenditures, excluding acquisitions and potential investments in new terminals. Through September 30, 2026, capital expenditures totaled approximately $10.8 million.
What terminal expansion plans did Smart Sand announce?
Smart Sand acquired the right to operate a terminal in Williamsport, Pennsylvania, which the company expects to become operational in 2027. It also acquired rights to a site in Fort St. John, British Columbia for potential future terminal development.