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Jun 30, 2024
Aris Water Solutions Q2 2024 Earnings Report
Reported strong second quarter results driven by resilient produced water volumes and operating margins.
Key Takeaways
Aris Water Solutions reported a strong second quarter with a 26% increase in net income and a 17% increase in Adjusted EBITDA compared to the same quarter last year. The company also increased its full year Adjusted EBITDA guidance.
Produced water volumes increased by 5% and recycled water volumes increased by 6% compared to Q2 2023.
Net income reached $13.1 million, up 26% from the second quarter of 2023.
Adjusted EBITDA was $50.0 million, a 17% increase compared to the second quarter of 2023.
The company is increasing 2024 Adjusted EBITDA guidance to $195 to $205 million.
Aris Water Solutions
Aris Water Solutions
Aris Water Solutions Revenue by Segment
Revenue by Segment
Produced Water Handling Revenue
CapyFin.comProduced Water Handling – Affiliate Revenue
CapyFin.comWater Solutions Revenue
CapyFin.comWater Solutions – Affiliate Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
For the third quarter of 2024, the Company expects Produced Water Handling volumes between 1,060 and 1,090 thousand barrels of water per day, Water Solutions volumes between 410 and 440 thousand barrels of water per day , Adjusted Operating Margin per Barrel between $0.43 and $0.45, Skim oil recoveries of approximately 1,300 barrels per day, Adjusted EBITDA between $48 and $52 million and no change to Aris’s full year Capital Expenditure outlook of $85 to $105 million.
Positive Outlook
- Produced Water Handling volumes between 1,060 and 1,090 thousand barrels of water per day
- Water Solutions volumes between 410 and 440 thousand barrels of water per day
- Adjusted Operating Margin per Barrel between $0.43 and $0.45
- Skim oil recoveries of approximately 1,300 barrels per day
- Adjusted EBITDA between $48 and $52 million
Challenges Ahead
- No change to Aris’s full year Capital Expenditure outlook of $85 to $105 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income