ARIS - Aris Water Solutions GAAP EPS of $0.05 misses by $0.19 revenue of $76.39M beats by $1.98M
- Aris Water Solutions press release ( NYSE: ARIS ): Q2 GAAP EPS of $0.05 misses by $0.19 .
- Revenue of $76.39M beats by $1.98M .
- The company also announced the acquisition of Delaware Energy Services' assets.
- The company said, on August 1, 2022, it acquired all of Delaware Energy’s assets in exchange for 3.37 million Class A shares and a small, volumetric-based contingent consideration paid over 5 years. Delaware Energy’s assets include seven produced water handling facilities and associated gathering lines in Aris’s core areas of Eddy and Lea County, New Mexico. Once integrated, these assets will allow Aris to bring additional water volumes into its network, enhance its recycling capabilities, and further accelerate its organic growth.
For further details see:
Aris Water Solutions GAAP EPS of $0.05 misses by $0.19, revenue of $76.39M beats by $1.98M