Aris Water Solutions, Inc. - ARIS STOCK NEWS

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.

Aris Water Solutions, Inc. (NYSE: ARIS) will discuss its first quarter 2024 results in a conference call on May 8, 2024. The earnings release will be issued on May 7, 2024. Participants can join the call by dialing (877) 407-5792 or accessing the webcast. An audio replay will be available for fourteen days.

Aris Mining reports Q1 2024 operating results, with 50,768 ounces of gold produced. The company is on track to meet its full-year 2024 production guidance of 220,000 to 240,000 ounces. Expansion projects at Segovia and Marmato mines are progressing well, aiming for 500,000 ounces of production in 2026.

Aris Water Solutions, Inc. (ARIS) reported strong financial and operating results for Q4 and full year 2023. They saw a 4% increase in total water volumes quarter-over-quarter and a 16% increase annually. The company achieved net income of $43.4 million for the full year, with Diluted Net Income per Share of $0.59. Adjusted EBITDA was $175.0 million for the year, up 17% from 2022. They also improved Adjusted Operating Margin per Barrel by 11% compared to Q4 2022. Aris maintained a strong balance sheet with leverage of 2.4x and $329.0 million of available liquidity. Looking ahead to 2024, they expect positive free cash flow, with produced water volumes forecasted to grow 2-5% and water solutions volumes between 430 to 470 thousand barrels per day. Adjusted EBITDA for 2024 is projected to be between $180 - $200 million.

Jacinto J. Hernandez retires from Altria Group, Inc.'s Board of Directors but continues as a strategic advisor under a 5-year agreement. Altria expresses gratitude for his service and highlights his industry experience and financial expertise. Hernandez's background includes roles at Capital Group and Aris Water Solutions, Inc. Altria's Vision aims to lead adult smokers to a smoke-free future, offering a diverse portfolio of tobacco and smoke-free products.