earnings
confidence high
sentiment neutral
materiality 0.70
Smart Sand Q2 revenue $85.8M, net income $21.4M boosted by tax benefit, adjusted EBITDA $7.8M
Smart Sand, Inc.
2025-Q2 EPS
reported -$0.07
vs consensus $0.07
▼ miss
(-199.0%)
- Revenue $85.8M (Q2 2025), up 31% sequentially from $65.6M, up 16% YoY from $73.8M.
- Net income $21.4M ($0.55/diluted share) includes $21.7M non-cash deferred tax benefit; compares to net loss of $24.2M in Q1 2025.
- Adjusted EBITDA $7.8M, up from $1.4M in Q1 2025 but down from $11.9M in Q2 2024.
- Sales volumes 1,424K tons (+33% sequential, +12% YoY). IPS sales up 28% QoQ; Utica frac sand 16% of total H1 volumes.
- Declared $0.10/share special dividend ($4.3M) payable Aug 14, 2025; repurchased 855K shares for $1.8M in Q2. Expects FCF positive for FY2025.
item 2.02item 9.01