Smart Sand (NASDAQ: SND) reported Q2 EPS of $0.25, $0.03 better than the analyst estimate of $0.22. Revenue for the quarter came in at $54.4 million versus the consensus estimate of $53.39 million.

• 2Q 2018 revenue of $54.4 million
• 2Q 2018 total tons sold of 839,000, the highest in Company history and an increase of 16% sequentially
• 2Q 2018 net income of $10.0 million
• 2Q 2018 Adjusted EBITDA of $19.3 million, an increase of 229% sequentially
• Acquisition of Quickthree Solutions, Inc. closed on June 1, 2018

“I’m pleased to report that Smart Sand has posted strong quarterly results with significant sequential improvements in sales volumes, net income and Adjusted EBITDA. We also continued to execute on our long-range plan to become an integrated, full service provider of frac sand and logistics support to deliver mine to wellsite proppant solutions for our customers,” stated Charles Young, Chief Executive Officer. He added, “During the second quarter we completed our nameplate capacity expansion at our Oakdale facility and expanded our logistics capabilities through the acquisition of Quickthree Solutions, Inc., a maker of portable frac sand storage solutions, while achieving the highest quarterly sales volumes in Company history. We continue to see new customer interest for our high quality Northern White sand from E&P companies that see benefits in well performance from using Northern White Sand over regional sand. Additionally, in the quarter, we benefited from incremental in-basin sales to customers purchasing sand through our Van Hook, North Dakota terminal.”

For earnings history and earnings-related data on Smart Sand (SND) click here.