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Smart Sand (SND)

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Earnings summaries and quarterly performance for Smart Sand.

Recent press releases and 8-K filings for SND.

Smart Sand Announces Third Quarter 2025 Results
SND
Earnings
Guidance Update
Share Buyback
  • Smart Sand reported $92.8 million in revenue for Q3 2025, with net income of $3.0 million and Adjusted EBITDA of $13.6 million.
  • The company generated $14.8 million in free cash flow and $18.2 million in cash flow from operations in Q3 2025.
  • Sales volumes increased sequentially and year-over-year, with record sales into Canada and expanded presence in Industrial Product Solutions and the Utica shale.
  • Smart Sand anticipates full-year 2025 sales volumes to be in the 5.1 million to 5.4 million range and expects to be free cash flow positive for the year.
  • The company returned $6.4 million to shareholders in 2025 through a $0.10/share dividend paid in August and 1 million shares repurchased year-to-date.
Nov 12, 2025, 12:44 PM
Smart Sand, Inc. Announces Third Quarter 2025 Results
SND
Earnings
Guidance Update
Share Buyback
  • Smart Sand, Inc. reported revenue of $92.8 million for the third quarter of 2025.
  • The company's Adjusted EBITDA increased to $13.6 million in Q3 2025, up from $7.8 million in Q2 2025 and $5.7 million in Q3 2024.
  • Smart Sand generated $14.8 million in free cash flow in Q3 2025, compared to $(7.8) million in Q2 2025.
  • For the full year 2025, the company expects sales volumes to be between 5.1 million and 5.4 million and anticipates being free cash flow positive.
  • The company returned $6.4 million to shareholders year-to-date in 2025 through share repurchases and special dividends, including a $0.10 per share dividend paid in August.
Nov 12, 2025, 11:12 AM
Smart Sand Highlights Business Strengths and Growth Outlook at Investor Conference
SND
Guidance Update
New Projects/Investments
Share Buyback
  • Smart Sand Inc. is a leading provider of Northern White sand in North America, boasting 10 million tons of mining and processing capacity and extensive access to all Class 1 rail lines. The company emphasizes its low-cost operating structure and strategic positioning, with 70% of its sand sales directed to natural gas basins.
  • The company is well-positioned to capitalize on projected growth in natural gas demand driven by LNG export capacity and power generation for AI data centers. Smart Sand is also diversifying into industrial applications, which currently represent about 5% of sales but have grown over 80% year-over-year.
  • For the first half of 2025, Smart Sand sold approximately 2.5 million tons of sand and expects to sell another 2.5 million tons in the second half of the year, anticipating the second half to be equally good or better.
  • Smart Sand maintains a prudent capital structure with low debt levels and has returned almost $20 million of value to shareholders over the last three years through a combination of share buybacks and dividends. Management and insiders collectively own over 36% of the business, aligning with shareholder interests.
Sep 30, 2025, 6:45 PM