ARIS - Aris Water Solutions GAAP EPS of $0.11 beats by $0.03 revenue of $91.57M beats by $10.52M
2023-05-08 17:36:58 ET
- Aris Water Solutions press release ( NYSE: ARIS ): Q1 GAAP EPS of $0.11 beats by $0.03 .
- Revenue of $91.57M (+29.0% Y/Y) beats by $10.52M .
- Adjusted EBITDA of $38.1 million for the first quarter of 2023, up 6% versus the first quarter of 2022 and up 6% sequentially versus the fourth quarter of 2022.
- Aris reaffirms its full year 2023 outlook for Adjusted EBITDA of $150 million - $170 million and capital expenditures of $140 million - $155 million.
- For the second quarter of 2023, the Company expects: Produced Water Handling Volumes of between 995 and 1,005 thousand barrels of water per day
- Water Solutions Volumes of between 365 and 375 thousand barrels of water per day
- Adjusted Operating Margins between $0.36 and $0.38 per barrel of Total Volumes
- Skim oil recoveries of 0.10% of inlet produced water handling volumes at an average realized price of $68 per barrel, net of taxes and marketing costs
- Adjusted EBITDA between $35.0 and $37.0 million
- Capital Expenditures between $55.0 and $65.0 million
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Aris Water Solutions GAAP EPS of $0.11 beats by $0.03, revenue of $91.57M beats by $10.52M