ARIS - Aris Water Solutions GAAP EPS of $0.15 beats by $0.03 revenue of $96.64M beats by $2.84M

2023-08-02 17:15:51 ET

• Aris Water Solutions press release ( NYSE: ARIS ): Q2 GAAP EPS of $0.15 beats by $0.03 .
• Revenue of $96.64M (+26.5% Y/Y) beats by $2.84M .
• For the full year of 2023, the Company now expects:
• Produced Water Handling volumes between 1,020 and 1,030 thousand barrels of water per
• Water Solutions volumes between 400 and 410 thousand barrels of water per day
• Adjusted Operating Margin per Barrel between $0.39 and $0.40
• Skim oil recoveries of 0.10% of inlet produced water handling volumes at an average WTI price of $74 per barrel
• Adjusted EBITDA between $160 and $170 million, revised from prior outlook of $150 to $170 million
• Capital Expenditures between $160 and $170 million, revised from prior outlook of $140 to $155 million
• Incremental capital expenditures to the prior outlook include:
• Approximately $10 million of growth capital to accommodate increased forecasted volumes from contracted customers
• Approximately $5 million of increased maintenance capital due to additional asset upgrades

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