NYSE$ARIS
Aris Water Solutions Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported financial and operating results for the first quarter ended March 31, 2023.
Aris Water Solutions reported a net income of $7.7 million for Q1 2023, a significant increase from the net loss of $6.6 million in Q1 2022. The company also saw an increase in total water volumes, produced water volumes, and water solutions volumes.
- Total water volumes of approximately 1.4 million barrels per day, up 18% versus Q1 2022.
- Produced Water volumes of approximately 971 thousand barrels per day, up 21% versus Q1 2022.
- Water Solutions volumes of approximately 405 thousand barrels per day, up 11% versus Q1 2022.
- Net income of $7.7 million, up from a net loss of $6.6 million in Q1 2022.
Headline financials
Revenue & EPS history
Aris Water Solutions · Revenue · Quarterly
$91.6M
Revenue by segment
Aris Water Solutions · $60.4M total across 3 segments · Q1 2023
- Produced Water Handling$46.1M—76.3%
- Water Solutions$13.9M—23.0%
- Other Revenue$465K—0.8%
Forward guidance
In the second quarter of 2023, Aris Water Solutions anticipates continued growth in produced water volumes, a slight decrease in water solutions volumes, skim oil recovery levels to normalize, and increased well maintenance costs.
Tailwinds
- Produced water volumes are expected to continue to grow sequentially versus the first quarter.
- Changes in customer mix and CPI-linked contract escalators are expected to drive higher produced water revenue as compared to the first quarter.
- Skim oil recovery levels are forecasted to normalize at approximately 0.1% of produced water inlet volumes, higher than a year ago.
- Company remains very focused on enhancing profitability through continued execution of ongoing optimization efforts.
- Expect to see the impact of these efforts in the second half of the year.
Headwinds
- Water Solutions volumes are expected to be down slightly as some contracted volumes scheduled for the second quarter pulled forward into the first quarter.
- Skim oil recovery levels are forecasted to normalize at approximately 0.1% of produced water inlet volumes, below the first quarter results.
- Anticipate increased well maintenance costs in the second quarter relative to the first quarter.
- Adjusted Operating Margins between $0.36 and $0.38 per barrel of Total Volumes
- Adjusted EBITDA between $35.0 and $37.0 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+3.3%
Avg return
Earnings day
-1.3%
Avg return
5 days after
+15.1%
Avg return
30 days after
58%
14 / 24 earnings
Positive
+32.6%
Q1 2023
Best reaction
-22.8%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | -5.9% | -3.4% | +38.7% | |
| Q2 2025 | +1.7% | -3.9% | +234.7% | |
| Q1 2025 | -21.8% | -5.9% | +6.2% | |
| Q4 2024 | +20.7% | -1.8% | +18.5% | |
| Q3 2024 | +28.8% | -3.5% | -17.5% | |
| Q2 2024 | -0.4% | -0.8% | +13.8% | |
| Q1 2024 | +13.6% | +3.6% | +2.9% | |
| Q4 2023 | +22.1% | +5.4% | +28.6% | |
| Q3 2023 | +8.9% | +4.8% | +28.8% | |
| Q2 2023 | +0.6% | -4.1% | -6.6% | |
| Q1 2023 | +32.6% | -16.8% | -20.4% | |
| Q4 2022 | -18.7% | -7.2% | +10.2% | |
| Q3 2022 | -5.0% | +12.5% | +8.9% | |
| Q2 2022 | -22.8% | +0.5% | -9.2% | |
| Q1 2022 | -2.7% | -11.8% | -16.3% | |
| Q4 2021 | +19.0% | +1.3% | +4.3% | |
| Q4 2020 | +0.5% | +3.5% | -21.7% | |
| Q3 2020 | +0.1% | -1.1% | -5.5% | |
| Q2 2020 | +5.4% | +5.0% | +7.6% | |
| Q3 2017 | -1.2% | -1.2% | -1.0% | |
| Q2 2017 | +0.0% | -4.3% | +0.0% | |
| Q1 2017 | -5.5% | -13.7% | +9.6% | |
| Q4 2016 | +4.9% | +11.1% | -7.4% | |
| Q3 2016 | +4.3% | +0.0% | +55.7% | |
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| Q4 2009 | — | — | — |
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