Smart Sand Inc ( (SND) ) has released its Q4 earnings. Here is a breakdown of the information Smart Sand Inc presented to its investors.
Smart Sand, Inc. is a fully integrated frac and industrial sand supply and services company, known for producing high-quality Northern White sand used in hydraulic fracturing and various industrial applications. The company reported robust financial results for the fourth quarter and full year 2024, with revenues reaching $91.4 million for the quarter and $311.4 million for the year. The company also achieved its highest sales volumes in history, selling approximately 1,464,000 tons in the fourth quarter and 5,263,000 tons for the year. Key financial metrics showed positive trends, including a net income of $3.7 million for the fourth quarter and $3.0 million for the full year, despite a slight decline from the previous year. Smart Sand also declared a $0.10 per share dividend and initiated a share repurchase program. Looking ahead, Smart Sand expects continued demand for its products, driven by market fundamentals in oil and natural gas, and plans to invest in mining expansion and terminal improvements to support future growth. The company anticipates sales volumes in 2025 to be flat to slightly up compared to 2024, with consistent contribution margins.