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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) has secured a long-term water management agreement with Chevron U.S.A. in the Permian Basin. This contract involves produced water handling and recycling services, enhancing Chevron’s sustainability by increasing recycled water usage and reducing groundwater reliance. CEO Amanda Brock emphasized the significance of this milestone, noting it expands Aris's acreage, securing a premier position in the Northern Delaware Basin. The company continues to grow its recycling capabilities and fosters collaborations for beneficial water reuse.
Aris Water Solutions, Inc. (NYSE: ARIS) reported impressive first quarter results for 2022, with total water volumes rising 45% to approximately 1.2 million barrels per day. Recycled produced water volumes surged 290% to around 273 thousand barrels per day. Despite a consolidated net loss of $6.6 million, a decline from a net income of $2.8 million in Q1 2021, adjusted EBITDA reached $35.9 million, up 54% year-over-year. The company announced a new contract with Chevron for exclusive water services and declared a dividend of $0.09 per share for Q2 2022, projecting significant growth for the year.
Aris Water Solutions, Inc. (NYSE: ARIS) has declared a second-quarter dividend of $0.09 per share on its Class A common stock, to be paid on May 31, 2022, to shareholders on record as of May 19, 2022. Additionally, a similar distribution of $0.09 per unit will be made to unit holders of Solaris Midstream Holdings, LLC. The company focuses on environmental infrastructure, providing water handling and recycling solutions, particularly in the Permian Basin.
Aris Water Solutions, Inc. (NYSE: ARIS) has scheduled a conference call to discuss its first quarter 2022 results on May 10, 2022, at 8:00 a.m. Central Time. The earnings release will be available after market close on May 9, 2022. Participants can join the call by dialing (877) 407-5792 or via live webcast on the company's website. A replay of the call will be accessible for approximately 14 days via specific phone lines. Aris Water specializes in environmental infrastructure, focusing on sustainable water handling and recycling solutions in the Permian Basin.
Texas Pacific Land Corporation (NYSE: TPL) and Aris Water Solutions, Inc. (NYSE: ARIS) have expanded their alliance to enhance full-cycle water solutions for clients in the Permian Basin. This collaboration will optimize the service delivery across key Texas locations, enabling Aris to utilize TPL's Northern Delaware surface acreage. The partnership aims to improve water recycling capabilities and facilitate operator development on TPL's royalty lands. This strategic enhancement seeks to provide critical water management solutions in the region, addressing the growing demands of energy operators.
Texas Pacific Land Corporation (NYSE: TPL) and Aris Water Solutions, Inc. (NYSE: ARIS) have expanded their alliance to enhance full-cycle water management solutions in the Delaware Basin. This partnership allows Aris to access TPL's Northern Delaware surface acreage, enabling them to offer comprehensive produced water services and water recycling to key customers. Both companies aim to improve water sustainability and operational efficiency for upstream operators, further solidifying their roles in the Permian Basin's water infrastructure.
Aris Water Solutions (NYSE: ARIS) reported fourth-quarter and full-year 2021 results, showcasing a record water volume of approximately 1.1 million barrels per day, a 14% increase from Q3 2021. Despite a full-year net loss of $7 million, adjusted EBITDA surged 63% to $120.5 million. The fourth quarter yielded a net income of $6.4 million. Capital expenditures decreased by 47% to $74.7 million. Looking ahead, Aris anticipates 2022 adjusted EBITDA growth of up to 30%, supported by increased recycling demand and new acreage agreements.
Aris Water Solutions, Inc. (NYSE: ARIS) declared a dividend of $0.09 per share on its Class A common stock for Q1 2022, payable on March 29, 2022, to shareholders of record as of March 17, 2022. A similar distribution per unit will be paid to unit holders of Solaris Midstream Holdings. The company's President, Amanda Bock, emphasized the board's confidence in returning cash to shareholders while pursuing growth projects, maintaining a conservative balance sheet.
Aris Water Solutions, Inc. (NYSE: ARIS) will host a conference call on
Aris Water Solutions, Inc. (NYSE: ARIS) has announced a dividend of
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