Welcome to our dedicated page for Smart Sand news (Ticker: SND), a resource for investors and traders seeking the latest updates and insights on Smart Sand stock.
Overview of Smart Sand Inc.
Smart Sand Inc. is a fully integrated frac and industrial sand supply company that has built a reputation for delivering high quality Northern White sand, a premium product used as a proppant to enhance hydrocarbon recovery in oil and gas wells. With operations encompassing mine-to-well site solutions, the company excels in providing comprehensive logistics through its in-basin transloading terminals and innovative SmartSystems. These capabilities ensure a consistent, cost effective supply of sand across North America.
Core Business Areas
Smart Sand Inc. operates across multiple facets of the frac sand industry. The company is dedicated to mining, processing, and distributing Northern White frac sand, primarily serving the oil and gas sector. In addition, the business has diversified into industrial markets, supplying sand for applications in glass manufacturing, ceramics, building products, filtration, and renewable energy projects. Its ability to customize solutions through products like SmartBelt, SmartDepot Silo, and the SmartPath Loader affirms its integrated approach to supply chain management.
Integrated Operations and Logistics
At the heart of Smart Sand Inc.'s success is its vertically integrated operational model. Owning and operating sand mines and processing facilities on a vast acreage, the company benefits from direct control over production quality and logistics. Proximity to major rail lines further enhances its distribution efficiency, ensuring timely delivery to customers in diverse regions. This integrated structure minimizes operational disruptions and underlines the company’s commitment to cost effective operations and customer satisfaction.
Market Position and Industry Expertise
Smart Sand Inc. is strategically positioned within the competitive frac sand industry. It has established a reliable presence in key oil and gas basins including those in the Bakken, Marcellus, and emerging markets such as the Utica formation and Canada. The company leverages its comprehensive experience to address market challenges including fluctuating demand and volatile pricing. Its focus on operational efficiency, cost management, and technological innovation via SmartSystems underscores its deep industry expertise.
Technological Innovation and SmartSystems
The incorporation of SmartSystems is a signature feature in Smart Sand Inc.'s portfolio, representing its commitment to technological advancement and operational efficiency. These systems streamline wellsite storage, sand management, and logistics, allowing for improved asset utilization across the supply chain. By effectively managing inventory and ensuring precise delivery at the wellsite, Smart Sand demonstrates a blend of traditional mining expertise with modern logistical innovations.
Operational Excellence and Customer Focus
Smart Sand Inc. consistently maintains a focus on operational excellence through a robust production process, cost management initiatives, and quality control measures. These practices not only guarantee a consistent supply of high quality sand but also build long term trust with customers across both the energy and industrial sectors. The company’s ability to adapt to shifting market demands while ensuring environmental and operational reliability remains at the core of its business model.
Conclusion
In summary, Smart Sand Inc. stands out as a comprehensive, integrated supplier in the frac and industrial sand market. Its strategic investment in production facilities, logistical infrastructure, and smart operational technology positions it as a key partner for customers seeking dependable and efficient sand supply solutions. This detailed overview highlights the company’s expertise, operational integrity, and unwavering commitment to delivering high quality products in a competitive industry landscape.
Smart Sand (NASDAQ: SND) has announced its participation in the upcoming Sidoti March Virtual Investor Conference, scheduled for March 19-20, 2025. The company will deliver a presentation on Thursday, March 20, 2025, at 10:00 am ET, which will be accessible via a live webinar link.
The company will also conduct one-on-one meetings with investors during both conference days. Interested participants can register for free through the Sidoti website, with no client relationship requirement for attendance.
Smart Sand (NASDAQ: SND) reported strong Q4 and full year 2024 results, with annual revenue reaching $311.4 million and total tons sold of 5,263,000, marking a 17% volume growth year-over-year. The company achieved record quarterly and annual volumes, with Q4 revenue at $91.4 million.
Key financial highlights include $17.9 million in operating cash flow and $10.9 million in free cash flow for 2024. The company issued its first dividend of $0.10 per share in October 2024 and approved a $10 million share repurchase program.
Growth was driven by strong sales in the Bakken and Marcellus formations, plus expanded presence in Utica and Canada markets. Looking ahead to 2025, Smart Sand expects sales volumes to be flat to up 5% from 2024 levels, with Q1 2025 showing moderation due to typical winter slowdown shifting from Q4.
Smart Sand (NASDAQ: SND) has announced it will release its fourth quarter and full year 2024 financial results after market close on Monday, March 3, 2025. The company has discontinued its practice of hosting earnings conference calls, starting with this upcoming release. Instead, investors can access the Earnings Release, Financial Statements, and Investor Presentations directly through the company's website at www.smartsand.com. The company's CFO, Lee Beckelman, remains available for specific questions via phone or email.
Smart Sand (NASDAQ: SND) reported Q3 2024 results with revenue of $63.2 million, down from $73.8 million in Q2 2024 and $76.9 million in Q3 2023. The company sold approximately 1.2 million tons, showing a 7% sequential decrease. Net loss before income tax was $5.2 million, compared to net income of $1.9 million in Q2 2024. Adjusted EBITDA was $5.7 million, down from $11.9 million in Q2. The company announced a $0.10 per share special dividend and approved a $10 million share buyback program. A new five-year $30 million ABL credit facility was secured with First Citizens Bank.
Smart Sand (NASDAQ: SND) has announced it will release its third quarter 2024 financial results after market close on Tuesday, November 12, 2024. The company will host a conference call for investors on Wednesday, November 13, 2024, at 10:00 a.m. Eastern Time. The call will be led by CEO Chuck Young, CFO Lee Beckelman, COO John Young, and VP of Accounting Chris Green. Investors can join via phone or webcast, with replay available on the company's website.
Smart Sand, Inc. (NASDAQ: SND) has announced two significant measures to return value to shareholders. Firstly, the company's board of directors has declared a special cash dividend of $0.10 per share, payable on October 28, 2024, to stockholders of record as of October 15, 2024. Secondly, the board has approved a share repurchase program authorizing the company to buy back up to $10.0 million of its outstanding common stock through April 3, 2026.
The repurchase program allows Smart Sand flexibility in timing, manner, price, and amount of share buybacks. CEO Charles Young attributed these shareholder-friendly actions to the company's focus on cost reduction, low leverage, and operational efficiency. He emphasized Smart Sand's commitment to maintaining low leverage, sufficient liquidity, and positive free cash flow generation while seeking opportunities to return value to stockholders.
Smart Sand (NASDAQ: SND) reported strong Q2 2024 results with revenue of $73.8 million and net income before taxes of $1.9 million. The company sold approximately 1.3 million tons of sand, a 5% decrease from Q1 2024 but an 18% increase year-over-year. Adjusted EBITDA rose to $11.9 million, up from $9.3 million in Q1 2024. Smart Sand implemented efficiency measures, reducing production costs and administrative expenses, leading to improved contribution margin and free cash flow. The company expects to be free cash flow positive for 2024 and plans to start marketing sand in the Utica shale formation in Q3 2024.
Smart Sand (NASDAQ: SND) has announced the timing for its second quarter 2024 earnings release and investor conference call. The company will release its financial results after market close on Tuesday, August 13, 2024. An investor conference call is scheduled for Wednesday, August 14, 2024, at 10:00 a.m. Eastern Time.
The call will be hosted by key executives including CEO Chuck Young, CFO Lee Beckelman, COO John Young, and VP of Accounting Chris Green. Investors can join by dialing (646) 357-8785 or 1-800-836-8184 and requesting access to the Smart Sand call. A webcast option is also available via a provided link, and the call can be accessed through the company's Investor Relations website. A replay will be made available shortly after the call on the company's website.
Smart Sand, Inc. (NASDAQ: SND) reported its first quarter 2024 financial results, highlighting a significant increase in sales volumes and revenues. The company sold 1.3 million tons of sand, generating $83.1 million in revenue, a 31% increase from the previous quarter. However, the company reported a net loss of $0.2 million, an improvement from the $4.8 million loss in Q4 2023. Adjusted EBITDA rose to $9.3 million, driven by higher sand sales and better utilization of the SmartSystems fleet. Despite the improved operational metrics, free cash flow was negative at $(5.5) million due to increased working capital needs. Smart Sand expects positive free cash flow for the full year 2024 and has earmarked $15-$20 million for capital expenditures.
Smart Sand, Inc. (NASDAQ: SND) will release its first quarter financial results on May 13, 2024, and host a conference call on May 14, 2024, to discuss recent events. Chuck Young, Lee Beckelman, John Young, and Christopher Green will host the call. Investors can join via phone, webcast, or teleconference.
FAQ
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