Sector: Basic Materials | Industry: Construction Materials |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1000 Floral Vale Boulevard, Suite 225 YARDLEY PA 19067 |
Tel: | N/A |
Website: | https://www.smartsand.com |
IR: | See website |
Key People | ||
Andrew R. Speaker Co-Chairman of the Board | Richard J. Shearer President - Industrial Products | Charles Edwin Young Chief Executive Officer, Director |
Lee E. Beckelman Chief Financial Officer | William John Young Chief Operating Officer | James D. Young Executive Vice President, General Counsel, Secretary |
Ronald P. Whelan Executive Vice President of Sales | Robert Kiszka Executive Vice President - Operations | Christopher Green Principal Accounting Officer, Vice President - Accounting |
Business Overview |
Smart Sand, Inc. is a fully integrated frac and industrial sand supply and services company. The Company offers complete mine to wellsite proppant supply and logistics solutions to its frac sand customers. The Company produces Northern White sand, which is a sand used as proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells and for a variety of industrial applications. It also offers proppant logistics solutions to its customers through its in-basin transloading terminals and its SmartSystems well-site proppant storage capabilities. Through its SmartSystems wellsite proppant storage solutions, it offers the SmartDepot and SmartDepotXL silo systems, SmartPath transloader, and its rapid deployment trailers. Its SmartDepot silos include passive and active dust suppression technology, along with the capability of a gravity-fed operation. The Company's SmartPath transloader is a mobile sand transloading system. |
Financial Overview |
For the three months ended 31 March 2024, Smart Sand Inc revenues increased 1% to $83.1M. Net loss decreased 94% to $216K. Revenues reflect Sand sales revenue segment increase of 2% to $79.7M. Lower net loss reflects Net loss on disposal of fixed assets decrease of 100% to $3K (expense), Other income increase of 100% to $96K (income). Basic Earnings per Share excluding Extraordinary Items increased from -$0.09 to -$0.01. |