Aris Water Solutions, Inc. Reports First Quarter 2024 Results, Announces 17% Increase to Quarterly Dividend
Aris Water Solutions, Inc. (ARIS)
Last aris water solutions, inc. earnings: 6/8 04:01 pm
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arinet.com/news/ari-network-services-reports-fiscal-2017-third-quarter-results
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Aris Water Solutions, Inc. (NYSE: ARIS) (“Aris,” “Aris Water” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2024.FIRST QUARTER 2024 HIGHLIGHTSIncreased produced water volumes 6% quarter-over-quarter and 19% versus the first quarter of 2023Grew recycled produced water volumes 31% versus the first quarter of 2023Achieved first quarter 2024 net income of $16.8 million, a 29% increase sequentiallyGenerated Adjusted EBITDA1 of $53.1 million for the first quarter, up 8% sequentially and up 39% versus the first quarter of 2023Improved Gross Margin per Barrel by 19% and Adjusted Operating Margin2 per Barrel by 12% sequentially, new all-time highs reflecting the continued success of electrification and cost reduction initiativesMaintained a strong balance sheet with quarter-end leverage of 2.15x3 and $324 million of available liquidity under our revolving credit facilityAnnouncing a 17% increase to the quar
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ARIS
News
- Aris Water Solutions, Inc. (NYSE: ARIS) had its price target raised by analysts at Evercore ISI from $16.00 to $20.00. They now have an "outperform" rating on the stock.MarketBeat
- Results: Aris Water Solutions, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates [Yahoo! Finance]Yahoo! Finance
- Aris Water Solutions, Inc. (NYSE: ARIS) had its price target raised by analysts at Stifel Nicolaus from $17.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- Aris Water Solutions, Inc. (NYSE:ARIS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Aris Water Solutions (ARIS) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
ARIS
Earnings
- 5/7/24 - Beat
ARIS
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 8-K
- 5/14/24 - Form 144
- ARIS's page on the SEC website