NYSE$ARIS
Aris Water Solutions Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported third quarter 2023 results, demonstrating volume growth and margin expansion.
Aris Water Solutions reported an excellent third quarter with significant year-over-year and sequential volume growth, increased margins due to operating cost reduction efforts, and raised full year 2023 Adjusted EBITDA guidance.
- Total water volumes reached approximately 1.5 million barrels per day, up 7% year-over-year.
- Produced Water volumes were approximately 1.06 million barrels per day, up 17% year-over-year.
- Net income increased to $12.2 million, a 526% increase compared to the third quarter of 2022.
- Adjusted EBITDA increased to $44.9 million, up 14% year-over-year.
Headline financials
Revenue & EPS history
Aris Water Solutions · Revenue · Quarterly
$99.8M
Revenue by segment
Aris Water Solutions · $65.3M total across 3 segments · Q2 2023
- Produced Water Handling$49.7M—76.1%
- Water Solutions$14.9M—22.9%
- Other Revenue$645K—1.0%
Forward guidance
For the fourth quarter of 2023, Aris Water Solutions anticipates produced water volumes to be up approximately 2–3%, adjusting for the impact of the Martin County asset sale, and water solutions volumes to be down moderately sequentially versus the third quarter due to the pull-forward of activity and potential seasonal year-end slowdowns.
Tailwinds
- Produced Water Handling volumes between 1,045 and 1,055 thousand barrels of water per day, reflecting the impact of the Martin County asset divestiture.
- Adjusted Operating Margin per Barrel between $0.39 and $0.41.
- Skim oil recoveries of 0.10% of inlet produced water handling volumes at an average WTI price of $87 per barrel.
- Adjusted EBITDA between $41 and $45 million.
- Capital expenditures between $24 and $34 million, partially offset by $20.1 million cash proceeds from the sale of non-core assets.
Headwinds
- Water Solutions volumes between 405 and 420 thousand barrels of water per day.
- Potential seasonal year-end slowdowns.
- Water solutions volumes to be down moderately sequentially versus the third quarter due to the pull-forward of activity.
- Impact of the Martin County asset sale.
- Variability of the excluded items may have a significant, and potentially unpredictable impact on our future GAAP results.
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 Q3 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% | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — | |
| Q4 2009 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro