Every 8-K that Smart Sand, Inc. (SND) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SND and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SND filings page.
Smart Sand, Inc. (SND) amended its existing senior secured asset-based credit facility with First-Citizens Bank & Trust Company, increasing total revolving commitments by $20 million to $50 million and extending the term to September 1, 2031. The additional commitments are supported by adjustments to the borrowing base, including a $20 million sublimit based on the value of the company’s Oakdale, Wisconsin facility and, when this portion is used, a related minimum excess liquidity test. Smart Sand agreed to a negative pledge on the Oakdale real property and obtained a modification that allows a $20 million deduct for unfinanced capital expenditures in calculating the fixed charge coverage ratio.
Smart Sand, Inc. (SND) amended a prior report about its finance leadership transition to add compensation details for incoming Chief Financial Officer James Young. He is expected to succeed current CFO Lee Beckelman effective January 1, 2027, with all other previously reported terms unchanged.
The Compensation Committee approved, effective immediately, an annual base salary for Mr. Young of $400,000 and an annual award opportunity under the company’s long-term incentive plan of $600,000. His annual bonus target under the annual incentive plan remains at 50% of base salary, and he remains eligible for the employee benefit plans generally available to company employees.
Smart Sand, Inc. reported a strong rebound in operating performance for the second quarter of 2026. Tons sold rose to 1.864 million, driving revenue of $115.1 million versus $93.1 million in the prior quarter and $85.8 million a year earlier. Gross profit improved to $19.8 million, and net income was $10.2 million, or $0.26 per basic share, compared with a loss in the first quarter of 2026. Adjusted EBITDA increased to $18.7 million, supported by higher volumes and contribution margin per ton.
Free cash flow for the quarter was $(1.4) million, as $4.8 million of capital expenditures exceeded operating cash flow of $3.4 million. As of June 30, 2026, cash on hand was $10.2 million with $30.0 million of undrawn availability under the FCB ABL Credit Facility. Capital returns remained significant: in the quarter the company repurchased 470,088 shares for $2.5 million, and the board declared a $0.10 per share special dividend payable August 12, 2026, with total 2026 capital returned of about $12.1 million via repurchases and dividends.
The board approved a CFO transition effective January 1, 2027, with James Young to succeed current CFO Lee Beckelman. Beckelman will remain as a full-time advisor through May 31, 2030 under a new employment agreement. Management expects 2026 sales volumes to be 10%–20% higher than 2025 and to generate positive free cash flow for the year.
Smart Sand, Inc. declared a special cash dividend of $0.10 per share on its common stock. The dividend is payable on August 12, 2026 to stockholders of record as of the close of business on July 28, 2026.
The company stated that, including this dividend, it has returned approximately $12 million to stockholders year to date in 2026 through dividends and share repurchases. Management attributes this capital return to strong sales volumes, a healthy balance sheet and disciplined cost management while continuing to invest in future growth.
Smart Sand, Inc. reported that stockholders approved two major compensation plans at the 2026 annual meeting. They adopted the 2026 Equity Incentive Plan, which authorizes 2,400,000 shares of common stock plus certain unused or forfeited shares from the prior 2016 plan. Stockholders also approved a 2026 Employee Stock Purchase Plan reserving 3,000,000 shares, allowing eligible employees to buy stock via payroll deductions at 85% of the lower of the share price on the enrollment or exercise date.
All board nominees were elected, executive pay received advisory approval, and Grant Thornton LLP was ratified as independent auditor. The record date reflected 42,985,681 common shares outstanding, each entitled to one vote at the meeting.
Smart Sand, Inc. adopted a Rule 10b5-1 trading plan to support its existing share repurchase program. The plan authorizes purchases of up to $2.5 million of common stock, including commissions, with daily purchases limited by Rule 10b-18 volume caps.
Repurchases under the plan may begin after June 1, 2026 and will end when either the full $2.5 million is used or at the close of business on August 10, 2026, whichever comes first. A broker will execute repurchases on the company’s behalf, but neither the company nor the broker is obligated to buy a specific number of shares or to make purchases at any particular time.
Smart Sand, Inc. reported first quarter 2026 revenue of $93.1 million, up from $65.6 million a year earlier, driven by higher sand volumes and pricing. Tons sold reached about 1.49 million, a 40% year-over-year increase and a slight sequential gain.
The company posted a net loss of $3.9 million, or $(0.10) per share, narrowing from a $24.2 million loss in the prior-year quarter, but down from $1.2 million of net income in the fourth quarter of 2025, with higher production and freight costs pressuring margins.
Non-GAAP measures show contribution margin of $13.2 million and Adjusted EBITDA of $3.8 million, both lower sequentially but higher than a year ago. Free cash flow was positive at $0.8 million. Liquidity remained solid, with $19.5 million of cash and full $30 million availability under the credit facility. The company returned about $5.7 million to shareholders year to date through repurchases and a special dividend, and expects 2026 sales volume growth of 5%–10% with positive free cash flow.
Smart Sand, Inc. declared a special cash dividend of $0.10 per share on its common stock. The dividend will be paid on May 5, 2026 to stockholders of record as of the close of business on April 22, 2026.
The company describes this as part of its ongoing effort to return capital to stockholders while maintaining cost discipline, operational efficiency, and a strong balance sheet.
Smart Sand, Inc. adopted a Rule 10b5-1 trading plan to support its previously announced share repurchase programs. The plan authorizes purchases of up to $2.5 million of common stock, including commissions, with daily volumes capped by Rule 10b-18 of the Exchange Act.
Repurchases under the plan may begin on March 16, 2026 and will end when the $2.5 million limit is reached or at the close of business on May 11, 2026, whichever occurs first. A designated broker will execute buybacks within the plan’s parameters, but neither the broker nor the company is required to purchase a specific number of shares or repurchase at any particular time.
The company notes that it may adopt additional Rule 10b5-1 plans in the future to continue its share repurchase program and highlights that any future activity is subject to market conditions, stock price volatility, and other capital needs, with updates to appear in its periodic SEC reports.
Smart Sand, Inc. reported higher 2025 revenue but lower profit while generating strong cash and expanding shareholder returns. Full-year 2025 revenue rose to $330.2 million from $311.4 million, with sand volumes up to 5,443,000 tons. Net income was $1.3 million, or $0.03 per share, down from $3.0 million a year earlier as higher freight and production costs pressured margins.
Despite modest earnings, cash generation improved sharply: net cash from operating activities reached $44.1 million and free cash flow was $32.5 million, compared with $10.9 million in 2024. In 2025 the company returned about $8.0 million to shareholders through dividends and buybacks and ended the year with $22.6 million in cash and $30.0 million of undrawn credit. The board approved a new two-year repurchase program authorizing up to $20.0 million of common stock, effective April 4, 2026, continuing a disciplined capital return strategy alongside expectations of being free cash flow positive in 2026 with 5–10% sales volume growth.
Smart Sand, Inc. announced that it has adopted a Rule 10b5-1 trading plan to support its previously disclosed $10 million share repurchase program. Under this new plan, a broker will be authorized to buy back up to $2.5 million of Smart Sand common stock, including commissions, following preset instructions.
Purchases under the plan will begin no earlier than December 8, 2025 and will end when either the full $2.5 million is used or on March 2, 2026, whichever occurs first. The daily buybacks will be limited to the maximum volume allowed under Rule 10b-18. The company notes that the plan does not require any minimum number of shares to be repurchased and that future 10b5-1 plans may be adopted after this plan expires.
Smart Sand, Inc. furnished a Form 8-K to announce it issued a press release with earnings information for the third quarter ended September 30, 2025. The press release is attached as Exhibit 99.1.
The company states the information in the item, including Exhibit 99.1, is being furnished and not deemed “filed” under Section 18 of the Exchange Act, and will not be incorporated by reference into Securities Act filings unless specifically referenced.
Smart Sand, Inc. announced the mutual termination of its 2021 Master Product Purchase Agreement with EQT Production Company, effective December 31, 2025. The original pact was a take‑or‑pay agreement with a monthly capacity reservation charge.
On the same date, the parties entered into a new take‑or‑pay product purchase agreement in the ordinary course of business for Smart Sand to supply frac sand to EQT through 2027.
Smart Sand, Inc. furnished a press release that provides information regarding earnings for the quarter ended June 30, 2025, and attached that press release as Exhibit 99.1 to this Form 8-K. The company states the information is being furnished, not filed, under the Securities Exchange Act and will not be incorporated by reference into other filings unless expressly stated. The registrant's common stock trades under the symbol SND on NASDAQ.
This Form 8-K does not include the earnings figures themselves; readers must consult Exhibit 99.1 for the detailed financial results.