SND Research | Milton Maxwell

SND

Smart Sand, Inc.

3.6300

-0.3800-9.48%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

144.21M

P/E (TTM)

36.30

Basic EPS (TTM)

0.10

Dividend Yield

Recent Filings

8-K

Adopts $2.5M 10b5-1 repurchase plan

3/3/26Mar 3, 2026

Smart Sand entered a Rule 10b5-1 trading plan on March 3, 2026, to support its share repurchase program. It authorizes up to $2.5 million in buys, starting March 16 and ending May 11 or upon exhaustion. No purchases required. Plan sidesteps blackout restrictions. Stock volatility poses risks.

8-K

Q4 results, $20M buyback

2/26/26Feb 26, 2026

Smart Sand reported 2025 revenue of $330.2M and record 5.4M tons sold, up 6% and 3% from 2024, with free cash flow hitting $32.5M. Board approved $20M two-year share repurchase program effective April 4, 2026. Cash balances swelled to $22.6M.

10-K

FY2025 results

2/26/26Feb 26, 2026

Smart Sand posted FY2025 revenue of $330M, up 6% y/y from $311M, driven by 5.4M tons of sand sold (3% y/y growth) while SmartSystems fell 44%. Q4 volumes accelerated sequentially, contributing to annual sand output of 7.3M tons across Oakdale (5.0M), Ottawa (0.7M), and Blair (1.6M) facilities. Contribution margin slipped to $11.96/ton from $13.62 amid higher freight and mining costs, yielding $30M adjusted EBITDA (down from $39M). Yet liquidity shines: $23M cash, $30M undrawn ABL, $33M FCF. Q4 capex supported terminal expansions. 2026 capex eyes $15-20M for efficiency. Customer concentration risks linger.

8-K

Adopts 10b5-1 repurchase plan

11/20/25Nov 20, 2025

Smart Sand entered a Rule 10b5-1 trading plan on November 20, 2025, to execute up to $2.5 million in share repurchases under its $10 million program. No trades before December 8, 2025; plan ends March 2, 2026 or upon exhaustion. It sidesteps blackout periods. Repurchase details in future 10-Qs/10-Ks; stock volatility poses risks.

8-K

Q3 revenue $92.8M, volumes soar

11/12/25Nov 12, 2025

Smart Sand reported Q3 2025 revenue of $92.8 million and net income of $3.0 million, up from Q2's $85.8 million and $21.4 million. Sales volumes hit a record 1,472,000 tons, boosted by Canada expansion and Utica gains, driving Adjusted EBITDA to $13.6 million and free cash flow to $14.8 million. Volumes rose 3% sequentially, 24% year-over-year. Full-year sales guidance: 5.1-5.4 million tons; Q4 slowdown looms.

About

Smart Sand, Inc. provides mine to wellsite proppant supply and logistics solutions to frac sand customers. The company operates through Sand Segment and SmartSystems Segment. It offers excavation, processing, and sale of white sands or proppant for use in hydraulic fracturing operations. The company also provides proppant logistics services wellsite storage solutions through in-basin transloading terminals and SmartSystems wellsite proppant storage capabilities. It sells its products primarily to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. Smart Sand, Inc. was incorporated in 2011 and is headquartered in Yardley, Pennsylvania.

CEO

Mr. Andrew Robert Speaker

IPO

11/4/2016

Website

https://www.smartsand.com

Employees

285

Sector

Energy

Industry

Oil & Gas Equipment & Services