Smart Sand Q2 revenue rises on record sales volumes

Smart Sand

11/08/2026 21:10

Overview
U.S. frac sand supplier's Q2 revenue rose 34% yr/yr on record sales volumes
Q2 adjusted EBITDA more than doubled yr/yr, driven by higher sales volumes
Company returned $12.1 mln to shareholders in 2026 via dividends and buybacks

Outlook
Smart Sand expects 2026 sales volumes to rise 10%-20% over 2025 levels
Company expects to generate positive free cash flow in 2026
Smart Sand projects 2026 capital expenditures between $15 mln and $20 mln

Result Drivers
SALES VOLUMES - Record sales volumes were the main driver of higher revenue and gross profit, per company
PRICING - Modest improvements in average selling prices contributed to revenue and profit growth
LOGISTICS EFFICIENCY - Increased use of company-controlled terminals improved logistics cost efficiency per ton sold

Company press release: ID:nPn3zh1Dpa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$115.10 mln
 
Q2 EPS
 
$0.25
 
Q2 Net Income
 
$10.16 mln
 
Q2 Adjusted EBITDA
 
$18.70 mln
 
Q2 Gross Profit
 
$19.82 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.)