Aris Water Solutions falls on profit, rev miss

Aris Water Solutions

07/03/2023 16:45

** Shares of environmental infrastructure and solutions
company Aris Water Solutions Inc  ARIS.N  fell 17.14% to $10.97
to an over 1 year
    ** Co reports Q4 adjusted net income per share of $0.15,
missing analysts' expectations of $0.18 per share - Refinitiv
    ** Although co's total rev increased to $82.87 mln in Q4, it
still missed analysts' est of $86.58 mln – Refinitiv
    ** ARIS expects to report Adjusted Operating Margins between
$0.36 and $0.39 per barrel of Total Volumes in Q1 and $0.38 and
$0.41 per barrel of Total Volumes for full year 2023
    ** Shares rose ~11% in 2022

 (Reporting by Yamini Kalia)
 ((Yamini.Kalia@thomsonreuters.com))