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Sep 30, 2024
Aris Water Solutions Q3 2024 Earnings Report
Aris Water Solutions reported strong Q3 2024 results, driven by produced and recycled water volume growth, and increased its 2024 Adjusted EBITDA outlook.
Key Takeaways
Aris Water Solutions reported an exceptional third quarter with increased produced water and recycled water volumes. The company achieved net income of $16.4 million, a 34% increase year-over-year, and generated Adjusted EBITDA of $54.3 million, up 21% year-over-year. The company also increased its 2024 Adjusted EBITDA outlook to $208 to $212 million.
Produced water volumes increased 2% sequentially and 6% year-over-year.
Recycled water volumes increased 25% sequentially and 16% year-over-year.
Net income was $16.4 million, a 34% increase year-over-year.
Adjusted EBITDA was $54.3 million, up 9% sequentially and 21% year-over-year.
Aris Water Solutions
Aris Water Solutions
Aris Water Solutions Revenue by Segment
Revenue by Segment
Produced Water Handling Revenue
CapyFin.comWater Solutions Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Aris Water Solutions anticipates continued growth through year-end based on customers' projected activity and is increasing its full year Adjusted EBITDA range to $208 to $212 million. The company expects continued strong cash generation to further enhance the balance sheet and support increased shareholder returns over the long term.
Positive Outlook
- Produced Water Handling volumes between 1,080 and 1,110 thousand barrels of water per day
- Water Solutions volumes between 450 and 490 thousand barrels of water per day
- Adjusted Operating Margin per Barrel between $0.43 and $0.45
- Skim oil recoveries of approximately 1,550 barrels per day
- Adjusted EBITDA between $51 and $55 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income