Aris Water Solutions, Inc. ( (ARIS) ) has released its Q3 earnings. Here is a breakdown of the information Aris Water Solutions, Inc. presented to its investors.
Aris Water Solutions, Inc. is a prominent environmental infrastructure company specializing in full-cycle water handling and recycling solutions, primarily serving the energy sector in the Permian Basin. The company is recognized for its efforts in reducing water and carbon footprints within the industry.
In its third-quarter 2024 earnings report, Aris Water Solutions, Inc. announced a significant increase in both produced and recycled water volumes, alongside a notable rise in net income and adjusted EBITDA. These results highlight the company’s successful operational strategies and financial performance improvements over the previous year.
Key highlights from the report include a 6% increase in produced water volumes and a 16% rise in recycled water volumes compared to the third quarter of 2023. The company achieved a net income of $16.4 million, marking a 34% increase from the same period last year, and reported an adjusted EBITDA of $54.3 million, reflecting a 21% year-over-year growth. Aris also maintained a healthy balance sheet with a leverage ratio of 2.0X and increased its 2024 adjusted EBITDA outlook, indicating strong financial health and liquidity.
Looking ahead, Aris Water Solutions remains optimistic about continued growth and profitability. The company anticipates sustained volume growth and cash generation capabilities, which are expected to strengthen its financial foundation and shareholder returns. Management is focused on advancing desalination technologies and exploring mineral extraction opportunities, which could present additional revenue streams in the coming years.
