Aris Water Q1 net income $16.8M (+29% QoQ); dividend +17% to $0.105; FY2024 EBITDA guided to $185-200M

Aris Water Solutions, Inc.

2024-Q1 EPS reported $0.23 revenue$103,406,000

Q1 2024 net income $16.8M vs $7.7M YoY; Adjusted EBITDA $53.1M (+39% YoY, +8% QoQ).
Quarterly dividend raised 17% to $0.105 per share, payable June 20, 2024 to holders of record June 6.
Produced water handling volumes up 6% QoQ and 19% YoY; gross margin per barrel $0.32, record high.
Q2 2024 Adjusted EBITDA guidance $44-48M; full-year 2024 guidance raised to $185-200M from prior.
Balance sheet strong: leverage 2.15x, total liquidity $345M; capex outlook $85-105M unchanged.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Aris Water Solutions, Inc. reported the first quarter ended March 31, 2024 results: net income $16.8 million.

Period: the first quarter ended March 31, 2024
Net income: $16.8 million
Result: reported results

Exact text from the filing

Net income was $16.8 million for the first quarter of 2024 versus net income of $7.7 million in the first quarter of 2023 and net income of $13.0 million in the fourth quarter of 2023.

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Source: SEC EDGAR

accession 0001558370-24-007066

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