Aris Water Solutions (ARIS) Misses Q3 EPS by 6c
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Aris Water Solutions, Inc. Reports Third Quarter 2024 Results and Further Increases 2024 Adjusted EBITDA Outlook
November 4, 2024 4:05 PM ESTHOUSTON--(BUSINESS WIRE)-- Aris Water Solutions, Inc. (NYSE: ARIS) (Aris, Aris Water or the Company) today announced financial and operating results for the third quarter ended September 30, 2024.
THIRD QUARTER 2024 HIGHLIGHTS
Increased produced water volumes 2% sequentially and 6% versus the third quarter of 2023 Increased recycled water volumes 25% sequentially and 16% versus the third quarter of 2023 Achieved net income of $16.4 million, a 34% increase versus the third quarter of 2023 Generated Adjusted EBITDA1 of $54.3 million, up 9% sequentially and up 21% versus the third quarter of 2023 Achieved Gross... More