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Aris Water Solutions, Inc. (symbol: ARIS) is a leading environmental infrastructure and solutions company focused on providing sustainable water management and recycling solutions. With its core services centered around Produced Water Handling and Water Solutions, Aris Water Solutions helps its clients significantly reduce their water and carbon footprints.
The company's Produced Water Handling division specializes in the collection, transportation, and disposal of produced water generated from oil and natural gas production. This service ensures safe and efficient handling of water, which is crucial for both environmental protection and operational efficiency in the energy sector.
The Water Solutions division is dedicated to developing and operating recycling facilities that treat and recycle produced water. These facilities utilize advanced technologies to process and purify water, making it reusable for various industrial purposes, thus promoting sustainability in water management.
Recently, Aris Water Solutions has been involved in several significant projects, including expanding its recycling facilities and establishing new partnerships aimed at enhancing its service capabilities. Financially, the company remains robust, with steady revenue streams from its core business areas.
Aris Water Solutions collaborates with major players in the oil and gas industry, providing tailored water management solutions that not only meet regulatory requirements but also support corporate sustainability goals. Their innovative approach and commitment to environmental stewardship make them a key player in the environmental infrastructure sector.
Aris Water Solutions (NYSE: ARIS) reported strong Q3 2024 results with net income of $16.4 million, up 34% year-over-year. The company achieved Adjusted EBITDA of $54.3 million, increasing 21% from Q3 2023. Produced water volumes grew 6% year-over-year, while recycled water volumes increased 16%. The company maintained a strong balance sheet with 2.0X leverage and $292 million in available liquidity. Based on performance, Aris increased its 2024 Adjusted EBITDA outlook to $208-212 million, while maintaining capital expenditure guidance of $98-105 million.
Aris Mining (TSX: ARIS) (NYSE-A: ARMN) reports Q3 2024 gold production of 53,608 ounces, a 9% increase from Q2 2024. Segovia produced 47,493 oz and Marmato Upper Mine 6,115 oz. The company has made significant progress on expansion projects:
1. Segovia Expansion: Phase 1 completed with expanded receiving area commissioned. Phase 2 on track for Q1 2025 completion.
2. Marmato Lower Mine: Construction advancing on schedule, crossed 25% spend threshold.
3. Updated Segovia mineral resource and reserve estimates as of July 31, 2024, showing growth in resources and full replacement of reserves.
Aris Mining targets Segovia gold production of 185,000-195,000 oz in 2024, 250,000 oz in 2025, and over 300,000 oz in 2026. The company aims to achieve an annual gold production rate of approximately 500,000 oz by H2 2026.
Aris Water Solutions (NYSE: ARIS) reported strong Q2 2024 results, with net income increasing 26% to $13.1 million and Adjusted EBITDA rising 17% to $50.0 million compared to Q2 2023. The company saw a 5% increase in produced water volumes and a 6% rise in recycled water volumes. Aris achieved a Gross Margin per barrel of $0.31 and an Adjusted Operating Margin per barrel of $0.46, a 21% increase year-over-year. The company maintained a strong balance sheet with a leverage ratio of 2.2x and $299 million in available liquidity. Based on strong performance, Aris increased its 2024 Adjusted EBITDA guidance to $195-$205 million. The company also announced plans for an iodine extraction facility in the Permian Basin, expected to be operational by year-end 2025.
Aris Water Solutions, Inc. (NYSE: ARIS) has published its 2023 Sustainability Report, showcasing its leadership in enhancing water sustainability. Key highlights include:
- 9% reduction in Total Recordable Incident Rate
- 8% increase in produced water recycled volumes, saving nearly 5 billion gallons of groundwater
- 13% decrease in Scope 1 emissions through asset electrification
- ExxonMobil joined the Joint Industry Project for treating produced water
- Selected by the Department of Energy for field-based testing of treated water for irrigation
- Board comprised of 44% women and/or minorities
- 73% of employees are women and/or minorities
The report demonstrates Aris's commitment to safety, sustainability, and diversity in the water treatment industry.
Aris Water Solutions, Inc. (NYSE: ARIS) has announced its upcoming second quarter 2024 results conference call, scheduled for Wednesday, August 7, 2024, at 8:00 a.m. Central Time. The company will release its Q2 2024 earnings after market close on August 6, 2024. Investors and interested parties can participate by calling (877) 407-5792 and referencing Aris Water Solutions, Inc.
A live webcast will be available on the Investor Relations section of the company's website at www.ariswater.com. An audio replay of the call will be accessible for approximately fourteen days by dialing (877) 660-6853 within the United States or (201) 612-7415 internationally, using the replay access code 13747323.
Infinity Water Solutions (Infinity), a sustainability, technology, and water management company, has appointed Whitney Dobson as Chief Operations Officer (COO), effective immediately. Dobson, with over 15 years of experience in produced water management, previously served as Vice President at Aris Water Solutions (ARIS). She led several high-profile projects focusing on cost-effective and scalable methods of treating produced water. Infinity plans to expand its operations significantly, including the opening of four new water recycling facilities by year-end, increasing its throughput capacity to 250,000 barrels per day.
Infinity CEO Michael Dyson highlighted Dobson's expertise in leveraging advanced technology and fostering sustainable practices. Infinity, founded in 2019, operates in Texas and New Mexico, aiming to enhance water management efficiency through green infrastructure and clean technology.
Aris Water Solutions, Inc. reported a strong first quarter of 2024 with significant increases in water volumes, net income, and EBITDA. The company achieved record margins, reduced capital expenditures, and announced a 17% increase in the quarterly dividend. Aris is focusing on efficiency, infrastructure contracts, and exploring growth opportunities in beneficial reuse and mineral extraction. The outlook for 2024 is positive, with increased guidance for Adjusted EBITDA and strong financial position.
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