Smart Sand Q1 revenue rises on higher volumes, prices; costs hit bottom line

Smart Sand

12/05/2026 21:25

Overview

U.S. frac sand supplier's Q1 revenue rose 42% yr/yr on higher sales volumes and prices

Company posted Q1 net loss of $3.9 mln, adjusted EBITDA was $3.8 mln

Smart Sand repurchased $1.4 mln in shares and paid $0.10 special dividend in Q1

Outlook

Company expects 2026 sales volume growth of 5% to 10% over 2025 tons sold

Smart Sand projects 2026 capital expenditures of $15 mln to $20 mln, excluding new terminals

Company anticipates being free cash flow positive for 2026

Result Drivers

HIGHER SALES VOLUMES AND PRICES - Co said Q1 revenue growth was driven by increased sand sales volumes and higher average selling prices

HIGHER PRODUCTION AND FREIGHT COSTS - Gross profit declined from the previous quarter due to increased production and logistics costs, including inventory drawdown and location mix of sand sales

REGIONAL SALES ACTIVITY - Co saw increased sales activity in the Appalachian Basins and steady demand in the Bakken, Montney, and Duvernay regions

Company press release: ID:nPn3hdyDFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$93.10 mln
Q1 EPS
-$0.10
Q1 Net Income
-$3.90 mln
Q1 Adjusted EBITDA
$3.80 mln
Q1 Gross Profit
$6.10 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)