Smart Sand Q2 2024 revenue $73.8M; adjusted EBITDA $11.9M, free cash flow positive $13.5M

Smart Sand, Inc.

2024-Q2 EPS reported -$0.02 revenue$156,852,000

Tons sold 1.27M, up 18% YoY but down 5% sequentially; revenue $73.8M vs $83.1M in Q1 2024.
Adjusted EBITDA $11.9M, improvement from $9.3M in Q1; contribution margin $15.53/ton, up from $13.85.
Free cash flow positive $13.5M; full-year 2024 capex guidance $10-13M.
New $10M, 4-year equipment financing closed; cash $6.3M plus $18M undrawn ABL.
Expects to start marketing sand in Utica shale in Q3 via new Ohio terminals, targeting oil opportunities.

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