Smart Sand, Inc. Announces First Quarter 2025 Results
Financial Performance: In Q1 2025, Smart Sand, Inc. reported approximately 1.1 million tons sold and generated $65.6 million in revenue, reflecting a decline from previous quarters due to lower sales volumes and moderated prices. The company also recorded a net loss of $24.2 million, primarily attributed to non-cash deferred income tax expenses.
Future Outlook: Despite the current economic uncertainty leading to deferred full-year guidance, Smart Sand anticipates a significant increase in sales volumes for Q2 2025, driven by activity in key basins. The company plans to continue its focus on positive free cash flow and shareholder value through stock buybacks and potential special dividends.
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SMART SAND, INC. DECLARES SPECIAL DIVIDEND OF $0.05 PER SHARE
Special Cash Dividend Announcement: Smart Sand, Inc. has declared a special cash dividend of $0.05 per share, payable on December 16, 2025, to stockholders of record as of December 2, 2025.
Commitment to Stockholder Value: CEO Charles Young emphasized the company's focus on managing costs and maximizing efficiencies to continue returning value to stockholders in the future.
Company Overview: Smart Sand is a fully integrated frac and industrial sand supply company, producing high-quality Northern White sand for hydraulic fracturing and various industrial applications.
Logistics and Operations: The company operates premium sand mines in Wisconsin and Illinois, with logistics solutions that include in-basin transloading terminals and wellsite storage capabilities, enabling product delivery across the U.S. and Canada.
Smart Sand Reports Profit in Q3
Earnings Report: Smart Sand, Inc. reported earnings of $3 million or $0.08 per share for the third quarter, a significant improvement from a loss of $0.1 million or $0 per share in the same period last year.
Revenue Growth: The company's revenues increased to $92.8 million from $63.2 million year over year, driven by higher sales volumes and average selling prices.
Sales Volume Increase: Tons sold rose by 24% year over year, reaching 1,472,000 tons compared to 1,189,000 tons in the previous year.
Stock Performance: On the Nasdaq, SND shares closed at $2.33, reflecting a 4.72% increase.
