secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001529628-25-000130
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand Q3 revenue $92.8M, net income $3.0M; volumes up 24% YoY
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- Revenue $92.8M (+24% YoY) on 1.472M tons sold; net income $0.08/sh vs ($0.00) a year ago.
- Adjusted EBITDA $13.6M, up from $5.7M in Q3 2024; free cash flow $14.8M.
- Record sales volumes into Canada; expanded Utica presence via Ohio terminals.
- FY 2025 sales volume guidance 5.1-5.4M tons; expects to be free cash flow positive.
- YTD returned $6.4M via $0.10 special dividend (Aug 2025) and 1M share buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962825000130/0001529628-25-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962825000130/snd-20251112.htm
  HTML page:      https://secwatch.observer/filing/0001529628-25-000130

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer