Smart Sand (NASDAQ: SND) reported Q3 EPS of $0.27, $0.08 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $65.7 million versus the consensus estimate of $63.86 million.

• 3Q 2019 revenue of $65.7 million
• 3Q 2019 total tons sold of approximately 611,000
• 3Q 2019 net income of $10.9 million
• 3Q 2019 Adjusted EBITDA of $28.8 million
• 3Q 2019 Contribution Margin of $33.7 million
• 3Q 2019 Contribution Margin per ton of $55.13

Charles Young, Smart Sand’s Chief Executive Officer, stated “The third quarter produced both good financial results and continued progress on our long-term plans and objectives. We settled our lawsuit with Schlumberger and we were able to maintain our long-term relationship with them. We also executed contracts with two new SmartDepot customers, which brings us to 4 fleets currently in the field. We remained disciplined on maintaining low debt levels as we paid down approximately $16 million in debt during the quarter.”

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