Aris Water Solutions, Inc. Reports Third Quarter 2024 Results and Further Increases 2024 Adjusted EBITDA Outlook
Aris Water Solutions, Inc. (ARIS)
Last aris water solutions, inc. earnings: 6/8 04:01 pm
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US:NASDAQ Investor Relations:
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 third quarter ended September 30, 2024.THIRD QUARTER 2024 HIGHLIGHTSIncreased produced water volumes 2% sequentially and 6% versus the third quarter of 2023Increased recycled water volumes 25% sequentially and 16% versus the third quarter of 2023Achieved net income of $16.4 million, a 34% increase versus the third quarter of 2023Generated Adjusted EBITDA1 of $54.3 million, up 9% sequentially and up 21% versus the third quarter of 2023Achieved Gross Margin per barrel of $0.32 and Adjusted Operating Margin per barrel2 of $0.45, a 13% increase in Adjusted Operating Margin per barrel2 versus the third quarter of 2023Maintained a strong balance sheet with quarter-end leverage3 of 2.0X and $292 million of available liquidity under our revolving credit facilityIncreasing our 2024 Adjusted EBITDA1 outlook to $208 to $212 millionF
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ARIS
News
- Aris Water Solutions, Inc. (NYSE: ARIS) had its price target raised by analysts at Stifel Nicolaus from $20.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- Aris Water Solutions, Inc. (NYSE: ARIS) had its price target raised by analysts at Evercore ISI from $20.00 to $25.00. They now have an "outperform" rating on the stock.MarketBeat
- Aris Water Solutions, Inc. (NYSE: ARIS) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $18.50 to $21.00. They now have a "buy" rating on the stock.MarketBeat
- Aris Water Solutions Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Aris Water Solutions, Inc. (NYSE: ARIS) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating. They now have a $22.00 price target on the stock, up previously from $19.00.MarketBeat
ARIS
Earnings
- 11/4/24 - Beat
ARIS
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- ARIS's page on the SEC website