Aris Water Solutions, Inc. Reports Second Quarter 2025 Results

Business Wire

2 days ago

HOUSTON--(BUSINESS WIRE)--Aris Water Solutions, Inc. (NYSE: ARIS) ('Aris,' 'Aris Water,' or the 'Company') today announced financial and operating results for the second quarter ended June 30, 2025.
SECOND QUARTER 2025 HIGHLIGHTS
Achieved record volumes for Produced Water Handling for a second consecutive quarter
Produced Water Handling volumes grew 4% sequentially and 13% year-over-year
Recycled water volumes grew 35% year-over-year
Achieved second quarter 2025 net income of $14.1 million
Generated Adjusted EBITDA 1 of $54.6 million for the second quarter of 2025, up 9% year-over year
As announced August 6, 2025, Western Midstream Partners, LP ('WES') and Aris have entered into a definitive agreement pursuant to which WES will acquire all of the outstanding shares of Aris in an equity-and-cash transaction valued at approximately $1.5 billion
OPERATIONS UPDATE
Three Months Ended
Three Months Ended
2025
2025
2024
(thousands of barrels of water per day)
Total Volumes
1,757
1,750
—
%
1,455
21
%
Produced Water Handling Volumes
1,234
1,191
4
%
1,093
13
%
Water Solutions Volumes
Recycled Produced Water Volumes Sold
425
475
(11
)
%
314
35
%
Groundwater Volumes Sold
98
84
17
%
48
104
%
Total Water Solutions Volumes
523
559
(6
)
%
362
44
%
Skim oil recoveries (barrels of oil per day)
2,845
1,962
45
%
1,490
91
%
Skim oil recoveries (as a % of produced water volumes)
0.23
%
0.16
%
44
%
0.14
%
64
%
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Six Months Ended June 30,
% Change
2025
2024
(thousands of barrels of water per day)
Total Volumes
1,754
1,489
18
%
Produced Water Handling Volumes
1,213
1,126
8
%
Water Solutions Volumes
Recycled Produced Water Volumes Sold
450
325
38
%
Groundwater Volumes Sold
91
38
139
%
Total Water Solutions Volumes
541
363
49
%
Skim oil recoveries (barrels of oil per day)
2,406
1,610
49
%
Skim oil recoveries (as a % of produced water volumes)
0.20
%
0.14
%
43
%
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FINANCIAL UPDATE
Three Months Ended
Three Months Ended
(in thousands)
June 30,
March 31
% Change
June 30,
% Change
2025
2025
2024
Net Income
$
14,084
$
16,000
(12)
%
$
13,112
7
%
Adjusted Net Income
20,479
21,415
(4)
%
17,310
18
%
Adjusted EBITDA
54,564
56,539
(3)
%
49,995
9
%
Gross Margin/Barrel (1)
$
0.29
$
0.32
(9)
%
$
0.32
(9)
%
Adjusted Operating Margin/Barrel (1)
$
0.41
$
0.44
(7)
%
$
0.46
(11)
%
Capital Expenditures
$
22,078
$
21,162
4
%
$
37,346
(41)
%
This table includes reference to non-GAAP measures. See definition and a reconciliation to the most directly comparable GAAP measure in the Appendix.
(1) Gross Margin/Barrel and Adjusted Operating Margin/Barrel relate to our Water Gathering and Processing segment.
Expand
(in thousands)
Six Months Ended June 30,
% Change
2025
2024
Net Income
$
30,084
$
29,942
—
%
Adjusted Net Income
41,893
37,433
12
%
Adjusted EBITDA
111,103
103,103
8
%
Gross Margin/Barrel (1)
$
0.31
$
0.32
(3
)
%
Adjusted Operating Margin/Barrel (1)
$
0.43
$
0.46
(7
)
%
Capital Expenditures
$
43,240
$
75,062
(42
)
%
This table includes reference to non-GAAP measures. See definition and a reconciliation to the most directly comparable GAAP measure in the Appendix.
(1) Gross Margin/Barrel and Adjusted Operating Margin/Barrel relate to our Water Gathering and Processing segment
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STRONG BALANCE SHEET AND LIQUIDITY
As of June 30, 2025, the Company had net debt of approximately $445 million with $57 million in cash and $347 million available under its revolving credit facility. The Company's leverage ratio 3 at the end of the second quarter of 2025 was 2.0X, below the Company's target leverage of 2.5X – 3.5X.
THIRD QUARTER 2025 DIVIDEND
Aris's Board of Directors declared a dividend on its Class A common stock for the third quarter of 2025 of $0.14 per share. In conjunction with the dividend payment, a distribution of $0.14 per unit will be paid to unit holders of Aris Water Holdings, LLC. The dividend will be paid on September 18, 2025, to holders of record of the Company's Class A common stock as of the close of business on September 4, 2025. The distribution to unit holders of Aris Water Holdings, LLC will be subject to the same payment and record dates.
CONFERENCE CALL
Given the previously announced transaction with WES, Aris will not host an earnings conference call for the Second Quarter of 2025.
About Aris Water Solutions, Inc.
Aris Water Solutions, Inc. is a leading, growth-oriented environmental infrastructure and solutions company that directly helps its customers reduce their water and carbon footprints. Aris Water delivers full-cycle water handling and recycling solutions that increase the sustainability of energy company operations. Its integrated pipelines and related infrastructure create long-term value by delivering high-capacity, comprehensive produced water management, recycling and supply solutions to operators in the core areas of the Permian Basin.
Forward-Looking Statements
This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, but are not limited to, statements, information, opinions or beliefs regarding our business strategy, our industry, our future profitability, business and financial performance, including our guidance for 2025, current and potential future long-term contracts, legal and regulatory developments, our ability to identify strategic acquisitions and realize expected benefits therefrom, the development of technologies for the beneficial reuse of produced water and related strategies, plans, objectives and strategic pursuits and other statements that are not historical facts. In some cases, you can identify forward-looking statements by terminology such as 'anticipate,' 'guidance,' 'preliminary,' 'project,' 'estimate,' 'expect,' 'anticipate,' 'continue,' 'sustain,' 'will,' 'intend,' 'strive,' 'plan,' 'goal,' 'target,' 'believe,' 'forecast,' 'outlook,' 'future,' 'potential,' 'opportunity,' 'predict,' 'may,' 'visibility,' 'possible,' 'should,' 'could' and variations of such words or similar expressions. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated or implied by the forward-looking statements including our guidance for 2025. Factors that could cause our actual results to differ materially from the results contemplated by such forward-looking statements include, but are not limited to, energy prices, trade policy of domestic and foreign governments (including the imposition of tariffs), the Russia-Ukraine and Middle Eastern conflicts, macroeconomic conditions (such as inflation) and market uncertainty related thereto, legislative and regulatory developments, customer plans and preferences, adverse results from litigation and the use of financial resources for litigation defense, technological innovations and developments, and other events discussed or referenced in our filings made from time to time with the Securities and Exchange Commission ('SEC'), including such factors discussed under 'Risk Factors' in our most recent Annual Report on Form 10-K, and if applicable, our subsequent SEC filings, which are available on our Investor Relations website at https://ir.ariswater.com/sec-filings or on the SEC's website at www.sec.gov/edgar. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. All forward-looking statements, expressed or implied, included in this press release and any oral statements made in connection with this press release are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Table 2
Aris Water Solutions, Inc.
Condensed Consolidated Balance Sheets
(Unaudited)
(in thousands, except for share and per share amounts)
June 30,
2025
2024
Assets
Cash
$
57,359
$
28,673
Accounts Receivable, Net
66,878
63,016
Accounts Receivable from Affiliate
24,418
12,016
Other Receivables
13,222
13,829
Other Current Assets
8,728
10,418
Total Current Assets
170,605
127,952
Fixed Assets
Property, Plant and Equipment
1,245,013
1,188,781
Accumulated Depreciation
(180,435
)
(160,176
)
Total Property, Plant and Equipment, Net
1,064,578
1,028,605
Intangible Assets, Net
180,709
195,223
Goodwill
34,585
34,585
Deferred Income Tax Assets, Net
7,199
1,735
Operating Lease Right-of-Use Assets, Net
15,714
15,016
Other Assets
3,485
5,284
Total Assets
$
1,476,875
$
1,408,400
Liabilities and Stockholders' Equity
Accounts Payable
$
22,627
$
20,182
Payables to Affiliate
3,567
941
Insurance Premium Financing Liability
2,281
6,725
Accrued and Other Current Liabilities
70,386
77,339
Total Current Liabilities
98,861
105,187
Long-Term Debt, Net of Debt Issuance Costs
490,522
441,662
Asset Retirement Obligations
22,930
21,865
Tax Receivable Agreement Liability
58,700
49,844
Other Long-Term Liabilities
18,200
17,335
Total Liabilities
689,213
635,893
Preferred Stock $0.01 par value, 50,000,000 authorized. None issued or outstanding as of June 30, 2025 and December 31, 2024
—
—
Class A Common Stock $0.01 par value, 600,000,000 authorized, 33,636,716 issued and 32,650,610 outstanding as of June 30, 2025; 31,516,468 issued and 30,857,526 outstanding as of December 31, 2024
335
314
Class B Common Stock $0.01 par value, 180,000,000 authorized, 26,493,565 issued and outstanding as of June 30, 2025; 27,493,565 issued and outstanding as of December 31, 2024
264
274
Treasury Stock (at Cost), 986,106 shares as of June 30, 2025; 658,492 shares as of December 31, 2024
(19,037
)
(8,988
)
Additional Paid-in-Capital
411,779
380,565
Retained Earnings
19,522
13,676
Total Stockholders' Equity Attributable to Aris Water Solutions, Inc.
412,863
385,841
Noncontrolling Interest
374,799
386,666
Total Stockholders' Equity
787,662
772,507
Total Liabilities and Stockholders' Equity
$
1,476,875
$
1,408,400
Expand
Table 3
Aris Water Solutions, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
Six Months Ended
(in thousands)
June 30,
2025
2024
Cash Flow from Operating Activities
Net Income
$
30,084
$
29,942
Adjustments to reconcile Net Income to Net Cash Provided by Operating Activities:
Deferred Income Tax Expense
4,397
3,770
Depreciation, Amortization and Accretion
39,728
39,128
Stock-Based Compensation
11,937
8,214
Abandoned Well Costs
1,460
310
Loss on Disposal of Assets, Net
219
114
Abandoned Projects
237
745
Amortization of Debt Issuance Costs, Net
1,306
1,436
Loss on Debt Extinguishment
2,535
—
Other
177
735
Changes in Operating Assets and Liabilities:
Accounts Receivable
(3,862
)
(5,524
)
Accounts Receivable from Affiliate
(12,402
)
(6,169
)
Other Receivables
1,482
(665
)
Other Current Assets
2,355
2,975
Accounts Payable
2,686
1,818
Payables to Affiliate
(1,024
)
(215
)
Accrued Liabilities and Other
(15,158
)
(18,467
)
Net Cash Provided by Operating Activities
66,157
58,147
Cash Flow from Investing Activities
Property, Plant and Equipment Expenditures
(40,814
)
(56,879
)
Cash Paid for Acquisitions
(15,231
)
—
Proceeds from the Sale of Property, Plant and Equipment
4,629
94
Net Cash Used in Investing Activities
(51,416
)
(56,785
)
Cash Flow from Financing Activities
Dividends and Distributions Paid
(17,108
)
(11,817
)
Repurchase of Shares for the Payment of Withholding Taxes
(10,049
)
(1,326
)
Repayment of Credit Facility
(89,000
)
(15,000
)
Proceeds from Credit Facility
45,000
37,000
Proceeds from 2030 Notes
500,000
—
Satisfaction and Discharge of 2026 Notes
(400,000
)
—
Payment of Debt Issuance Costs Related to 2030 Notes
(9,914
)
—
Payment of Insurance Premium Financing
(4,615
)
(3,756
)
Payment of Finance Leases
(369
)
—
Net Cash Provided by Financing Activities
13,945
5,101
Net Increase in Cash
28,686
6,463
Cash, Beginning of Period
28,673
5,063
Cash, End of Period
$
57,359
$
11,526
Expand
Use of Non-GAAP Financial Information
The Company uses financial measures that are not calculated in accordance with U.S. generally accepted accounting principles ('GAAP'), including Adjusted EBITDA, Adjusted Operating Margin, Adjusted Operating Margin per Barrel, Adjusted Net Income, net debt and leverage ratio and Capital Expenditures. Although these Non-GAAP financial measures are important factors in assessing the Company's operating results and cash flows, they should not be considered in isolation or as a substitute for net income, gross margin, net cash flows provided from operating activities or any other measures prepared under GAAP.
The Company calculates Adjusted EBITDA as net income (loss) plus: interest expense; income taxes; depreciation, amortization and accretion expense; abandoned well costs, asset impairment and abandoned project charges; losses on the sale of assets; transaction costs; research and development expense; change in payables related to the Tax Receivable Agreement liability as a result of state tax rate changes; loss on debt extinguishment; stock-based compensation expense; and other non-recurring or unusual expenses or charges (such as litigation expenses, severance costs and amortization expense related to the implementation costs of our new enterprise resource planning system), less any gains on the sale of assets.
The Adjusted Operating Margin and Adjusted Operating Margin per Barrel measures are related to our Water Gathering and Processing segment, as they are dependent upon the volume of produced water we gather and handle, the volume of recycled water and groundwater we sell, the fees we charge for such services and the recurring operating expenses we incur to perform such services. The Company calculates Adjusted Operating Margin as Gross Margin (Total Revenue less Total Cost of Revenue) plus depreciation, amortization and accretion. The Company defines Adjusted Operating Margin per Barrel as Adjusted Operating Margin divided by total volumes handled or sold.
The Company calculates Adjusted Net Income as Net Income (Loss) plus the after-tax impacts of stock-based compensation and plus or minus the after-tax impacts of certain items affecting comparability, which are typically non-cash and/or non-recurring items. The Company calculates Diluted Adjusted Net Income Per Share as (i) Net Income (Loss) plus the after-tax impacts of stock-based compensation and plus or minus the after-tax impacts of certain items affecting comparability, which are typically non-cash and/or non-recurring items, divided by (ii) the diluted weighted-average shares of Class A common stock outstanding, assuming the full exchange of all outstanding LLC interests, adjusted for the dilutive effect of outstanding equity-based awards.
The Company calculates its leverage ratio as net debt as of June 30, 2025, divided by Adjusted EBITDA for the trailing twelve months. Net debt is calculated as the principal amount of total debt outstanding as of June 30, 2025, less cash and cash equivalents as of June 30, 2025.
The Company calculates Capital Expenditures as cash capital expenditures for property, plant, and equipment additions less changes in accrued capital costs.
The Company believes these presentations are used by investors and professional research analysts to assess the ability of our assets to generate sufficient cash to meet our business needs and return capital to equity holders, as well as for the valuation, comparison, rating and investment recommendations of companies within its industry. Similarly, the Company's management uses this information for comparative purposes as well. Adjusted EBITDA, Adjusted Operating Margin, Adjusted Operating Margin per Barrel, Adjusted Net Income and Capital Expenditures are not measures of financial performance under GAAP and should not be considered as measures of liquidity or as alternatives to net income (loss), gross margin, cash paid for property, plant and equipment or net cash flows provided from operating activities. Additionally, these presentations as defined by the Company may not be comparable to similarly titled measures used by other companies and should be considered in conjunction with net income (loss) and other measures prepared in accordance with GAAP, such as gross margin, operating income, net income, cash paid for property, plant, and equipment or net cash flows from operating activities.
Although we provide forecasts for the non-GAAP measures Adjusted EBITDA, Adjusted Operating Margin per Barrel and Capital Expenditures, we are not able to forecast their most directly comparable measures (net income, gross margin, cash paid for property, plant, and equipment and net cash flows from operating activities) calculated and presented in accordance with GAAP without unreasonable effort. Certain elements of the composition of forward-looking GAAP metrics are not predictable, making it impractical for us to forecast. Such elements include but are not limited to non-recurring gains or losses, unusual or non-recurring items, income tax benefit or expense, or one-time transaction costs and cost of revenue, which could have a significant impact on the GAAP measures. The variability of the excluded items may have a significant, and potentially unpredictable, impact on our future GAAP results. As a result, no reconciliation of forecasted non-GAAP measures is provided.
Table 5
Aris Water Solutions, Inc.
Reconciliation of Net Income to Non-GAAP Adjusted EBITDA
(Unaudited)
Three Months Ended
Six Months Ended
(in thousands)
June 30,
June 30,
2025
2024
2025
2024
Net Income
$
14,084
$
13,112
$
30,084
$
29,942
Interest Expense, Net
9,567
8,813
18,797
17,251
Income Tax Expense
2,680
1,994
2,750
4,583
Depreciation, Amortization and Accretion
19,972
19,707
39,728
39,128
Abandoned Well Costs
998
(25
)
1,460
310
Stock-Based Compensation
6,247
4,693
11,937
8,214
Abandoned Projects
—
16
237
745
Loss on Disposal of Assets, Net
128
168
219
114
Loss on Debt Extinguishment
—
—
2,535
—
Transaction Costs
42
89
926
96
Research and Development Expense
946
1,128
2,074
2,193
Other
(100
)
300
356
527
Adjusted EBITDA
$
54,564
$
49,995
$
111,103
$
103,103
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Table 6
Aris Water Solutions, Inc.
Reconciliation of Gross Margin to Adjusted Operating Margin and
Adjusted Operating Margin per Barrel
(Unaudited)
Three Months Ended
Six Months Ended
(in thousands)
June 30,
June 30,
2025
2024
2025
2024
Total Revenue
$
123,748
$
101,117
$
243,999
$
204,523
Cost of Revenue
(77,634
)
(59,285
)
(146,947
)
(117,729
)
Gross Margin
46,114
41,832
97,052
86,794
Depreciation, Amortization and Accretion
19,410
19,091
38,538
37,889
Adjusted Operating Margin
$
65,524
$
60,923
$
135,590
$
124,683
Total Volumes (thousands of barrels)
159,890
132,372
317,382
270,974
Gross Margin/Barrel
$
0.29
$
0.32
$
0.31
$
0.32
Adjusted Operating Margin/Barrel
$
0.41
$
0.46
$
0.43
$
0.46
This table includes information related to our Water Gathering and Processing segment.
Expand
Table 7
Aris Water Solutions, Inc.
(Unaudited)
Three Months Ended
Six Months Ended
(in thousands)
June 30,
June 30,
2025
2024
2025
2024
Net Income
$
14,084
$
13,112
$
30,084
$
29,942
Adjusted items:
Abandoned Well Costs
998
(25
)
1,460
310
Loss on Disposal of Assets, Net
128
168
219
114
Stock-Based Compensation
6,247
4,693
11,937
8,214
Tax Effect of Adjusting Items (1)
(978
)
(638
)
(1,807
)
(1,147
)
Adjusted Net Income
$
20,479
$
17,310
$
41,893
$
37,433
(1) Estimated tax effect of adjusted items allocated to Aris based on statutory rates.
Expand
Table 8
Aris Water Solutions, Inc.
Reconciliation of Diluted Net Income Per Share to Non-GAAP Diluted Adjusted Net Income Per Share
(Unaudited)
Three Months Ended
Six Months Ended
June 30,
June 30,
2025
2024
2025
2024
Diluted Net Income Per Share of Class A Common Stock
$
0.19
$
0.18
$
0.44
$
0.41
Adjusted items:
Reallocation of Net Income Attributable to Noncontrolling Interests From the Assumed Exchange of LLC Interests
0.04
0.04
0.05
0.08
Abandoned Well Costs
0.02
—
0.02
0.01
Stock-Based Compensation
0.10
0.08
0.20
0.14
Tax Effect of Adjusting Items (1)
(0.02
)
(0.01
)
(0.03
)
(0.02
)
Diluted Adjusted Net Income Per Share
$
0.33
$
0.29
$
0.68
$
0.62
(1) Estimated tax effect of adjusted items allocated to Aris based on statutory rates.
Basic Weighted Average Shares of Class A Common Stock Outstanding
32,702,834
30,549,092
32,048,183
30,451,553
Adjusted Items:
Assumed Redemption of LLC Interests
26,493,565
27,543,565
26,921,343
27,543,565
Dilutive Performance-Based Stock Units (2)
791,891
40,905
832,006
20,452
Diluted Adjusted Fully Weighted Average Shares of Class A Common Stock Outstanding
59,988,290
58,133,562
59,801,532
58,015,570
(2) Dilutive impact of Performance-Based Stock Units already included for the three and six months ended June 30, 2025 and 2024.
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Table 9
Aris Water Solutions, Inc.
Computation of Leverage Ratio
(Unaudited)
As of
(in thousands)
June 30, 2025
Principal Amount of Debt at June 30, 2025
$
502,281
Less: Cash at June 30, 2025
(57,359
)
Net Debt
$
444,922
Net Debt
$
444,922
÷ Trailing Twelve Months Adjusted EBITDA
219,885
Leverage Ratio
2.02
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Table 10
Aris Water Solutions, Inc.
Reconciliation of Capital Expenditures
(Unaudited)
Three Months Ended
Six Months Ended
June 30,
June 30,
(in thousands)
2025
2024
2025
2024
Cash Paid for Property, Plant and Equipment
$
20,424
$
37,297
$
40,814
$
56,879
Change in Capital Related Accruals
1,654
49
2,426
18,183
Capital Expenditures
$
22,078
$
37,346
$
43,240
$
75,062
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Table 11
Aris Water Solutions, Inc.
Segment Information
(Unaudited)
(in thousands)
Three Months Ended June 30, 2025
Water Gathering and Processing
Corporate and Other
Consolidated
Revenue
$
123,748
$
344
$
124,092
Cost of Revenue
Direct Operating Costs
58,224
3
58,227
Cost of Goods Sold
—
127
127
Depreciation, Amortization and Accretion
19,410
562
19,972
Total Cost of Revenue
77,634
692
78,326
Operating Costs and Expenses
Abandoned Well Costs
998
—
998
General and Administrative
—
17,699
17,699
Research and Development Expense
—
946
946
Other Operating Income, Net
—
(208
)
(208
)
Total Operating Expenses
998
18,437
19,435
Operating Income (Expense)
45,116
(18,785
)
26,331
Other Expense
Interest Expense, Net
—
9,567
9,567
Income (Loss) Before Income Taxes
45,116
(28,352
)
16,764
Income Tax Expense
—
2,680
2,680
Net Income (Loss)
45,116
(31,032
)
14,084
Net Income Attributable to Noncontrolling Interest
—
7,433
7,433
Net Income (Loss) Attributable to Aris Water Solutions, Inc.
$
45,116
$
(38,465
)
$
6,651
Expand
(in thousands)
Three Months Ended June 30, 2024
Water Gathering and Processing
Corporate and Other
Consolidated
Revenue
$
101,117
$
—
$
101,117
Cost of Revenue
Direct Operating Costs
40,194
—
40,194
Depreciation, Amortization and Accretion
19,091
616
19,707
Total Cost of Revenue
59,285
616
59,901
Operating Costs and Expenses
Abandoned Well Costs
(25
)
—
(25
)
General and Administrative
—
16,037
16,037
Research and Development Expense
—
1,128
1,128
Other Operating Expense, Net
16
141
157
Total Operating (Income) Expenses
(9
)
17,306
17,297
Operating Income (Expense)
41,841
(17,922
)
23,919
Other Expense
Interest Expense, Net
—
8,813
8,813
Income (Loss) Before Income Taxes
41,841
(26,735
)
15,106
Income Tax Expense
—
1,994
1,994
Net Income (Loss)
41,841
(28,729
)
13,112
Net Income Attributable to Noncontrolling Interest
—
7,147
7,147
Net Income (Loss) Attributable to Aris Water Solutions, Inc.
$
41,841
$
(35,876
)
$
5,965
Expand
(in thousands)
Six Months Ended June 30, 2025
Water Gathering and Processing
Corporate and Other
Total
Revenue
$
243,999
$
584
$
244,583
Cost of Revenue
Direct Operating Costs
108,409
6
108,415
Cost of Goods Sold
—
127
127
Depreciation, Amortization and Accretion
38,538
1,190
39,728
Total Cost of Revenue
146,947
1,323
148,270
Operating Costs and Expenses
Abandoned Well Costs
1,460
—
1,460
General and Administrative
—
37,709
37,709
Research and Development Expense
—
2,074
2,074
Other Operating Expense, Net
237
667
904
Total Operating Expenses
1,697
40,450
42,147
Operating Income (Expense)
95,355
(41,189
)
54,166
Other Expense
Interest Expense, Net
—
18,797
18,797
Other
—
2,535
2,535
Total Other Expense
—
21,332
21,332
Income (Loss) Before Income Taxes
95,355
(62,521
)
32,834
Income Tax Expense
—
2,750
2,750
Net Income (Loss)
95,355
(65,271
)
30,084
Net Income Attributable to Noncontrolling Interest
—
14,822
14,822
Net Income (Loss) Attributable to Aris Water Solutions, Inc.
$
95,355
$
(80,093
)
$
15,262
Expand
(in thousands)
Six Months Ended June 30, 2024
Water Gathering and Processing
Corporate and Other
Total
Revenue
$
204,523
$
—
$
204,523
Cost of Revenue
Direct Operating Costs
79,840
—
79,840
Depreciation, Amortization and Accretion
37,889
1,239
39,128
Total Cost of Revenue
117,729
1,239
118,968
Operating Costs and Expenses
Abandoned Well Costs
310
—
310
General and Administrative
—
30,538
30,538
Research and Development Expense
—
2,193
2,193
Other Operating Expense (Income), Net
745
(8
)
737
Total Operating Expenses
1,055
32,723
33,778
Operating Income (Expense)
85,739
(33,962
)
51,777
Other Expense
Interest Expense, Net
—
17,251
17,251
Other
—
1
1
Total Other Expense
—
17,252
17,252
Income (Loss) Before Income Taxes
85,739
(51,214
)
34,525
Income Tax Expense
—
4,583
4,583
Net Income (Loss)
85,739
(55,797
)
29,942
Net Income Attributable to Noncontrolling Interest
—
16,354
16,354
Net Income (Loss) Attributable to Aris Water Solutions, Inc.
$
85,739
$
(72,151
)
$
13,588
Expand