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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 financial results for Q3 2022, with net income of $2.0 million, a significant improvement from a loss of $20.7 million YOY. The company handled over 1.4 million barrels of water per day, up 47% Y/Y, and recycled produced water volumes surged 165%. Adjusted EBITDA rose 28% to $39.3 million. Recent strategic agreements with Chevron and ConocoPhillips, alongside a tech acquisition, bolster growth prospects. A quarterly dividend of $0.09 per share has been declared, reflecting solid liquidity of approximately $225.1 million.
Aris Water Solutions (NYSE: ARIS) has entered a strategic agreement with Chevron and ConocoPhillips to develop and pilot technologies for treating produced water for beneficial reuse. The initiative aims to establish cost-effective methods for creating water sources for industrial and agricultural purposes. Aris will lead the project, utilizing the expertise of its partners, and aims to complete testing by the end of 2023. This collaboration reinforces a commitment to responsible water management in water-scarce regions.
Aris Water Solutions, Inc. (NYSE: ARIS) declared a fourth-quarter 2022 dividend of $0.09 per share for its Class A common stock. The dividend will be paid on November 30, 2022, to shareholders on record as of November 17, 2022. Additionally, a similar distribution of $0.09 per unit will go to unit holders of Solaris Midstream Holdings, LLC. Aris specializes in environmental infrastructure, focusing on full-cycle water handling and recycling solutions, primarily serving energy companies in the Permian Basin.
Aris Water Solutions (NYSE: ARIS) has acquired certain intellectual property rights and treatment technologies from Water Standard Management to enhance its capabilities in the advanced treatment and beneficial reuse of produced water in the Permian Basin. This strategic acquisition will enable Aris to meet EPA regulations and provide sustainable water solutions for agriculture and industrial processes. The company also appointed Lisa Henthorne as Chief Scientist to lead the advancement of new technologies in this area, reinforcing its commitment to sustainability amidst growing water scarcity concerns.
Aris Water Solutions, Inc. (NYSE: ARIS) announced its third quarter 2022 conference call scheduled for November 10, 2022, at 8:00 a.m. Central Time. The earnings release will be issued after market close on November 9, 2022. Interested participants can join the call by dialing (877) 407-5792 and are encouraged to log in ten minutes early. An audio replay will be accessible shortly after the call. Aris Water specializes in providing environmental infrastructure solutions, notably in the Permian Basin, aimed at reducing water and carbon footprints for energy companies.
Aris Water Solutions Inc. (NYSE: ARIS) announced the appointment of Stephan Tompsett as the new Chief Financial Officer. Tompsett, with over 20 years of industry experience, will take on the role immediately, succeeding Brenda R. Schroer, who will assist during the transition. The CEO, Amanda Brock, expressed confidence in Tompsett's financial acumen, which is deemed vital for the company's growth and innovation in environmental solutions. Aris focuses on sustainable water handling and recycling for energy operations in the Permian Basin.
Aris Water Solutions (NYSE: ARIS) announced its second quarter 2022 results, reporting total water volumes of approximately 1.2 million barrels per day, a 34% increase from Q2 2021. Recycled water volumes surged 186% to 297 thousand barrels per day. Despite a net income decline of 11% to $4.0 million due to non-cash asset write-downs, adjusted net income rose 151% to $11.9 million. The company acquired Delaware Energy Services' assets for 3.37 million Class A shares, enhancing operational capacity and expected growth. A dividend of $0.09 per share was declared for Q3 2022.
Aris Water Solutions, Inc. (NYSE: ARIS) will host a conference call on August 4, 2022, at 9:30 a.m. Central Time to discuss its second quarter 2022 results. The earnings release will be issued after market close on August 3, 2022. Participants can dial in at (877) 407-5792 and are encouraged to log in early. A replay will be available for 14 days at (877) 660-6853. Aris Water is an environmental infrastructure company that provides water handling and recycling solutions, focusing on sustainability in the energy sector.
Aris Water Solutions, Inc. announced that Chief Financial Officer Brenda R. Schroer will transition from her role on December 30, 2022. She will support the new CFO until her departure. Schroer joined Aris in March 2021 and has been instrumental in the company’s transition to a public entity and the launch of sustainability-linked bonds. Aris will consider both internal and external candidates for her successor. The company aims to maintain its growth-oriented environmental infrastructure services while ensuring a smooth leadership transition.
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