secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2026-05-12T20:01:20+00:00
Accession:  0001529628-26-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand Q1 2026 revenue $93.1M, net loss $3.9M; record sand sales volume 1.492M tons
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- Record quarterly sand sales ~1.492M tons (+40% YoY); revenue $93.1M vs $65.6M YoY.
- Net loss $(3.9)M ($(0.10)/share) vs net income $1.2M in Q4 2025; adjusted EBITDA $3.8M.
- Free cash flow $0.8M; FY 2026 capex guidance $15-20M; expects positive free cash flow for 2026.
- New $20M share repurchase program (through Apr 2, 2028); special dividend $0.10/share paid May 5, 2026 ($3.9M).
- Guidance: FY 2026 sales volume growth 5-10% vs 2025; liquidity $19.5M cash + $30M undrawn credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962826000034/0001529628-26-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962826000034/snd-20260512.htm
  HTML page:      https://secwatch.observer/filing/0001529628-26-000034

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