CRR - Smart Sand Highlights Real Reasons To Be Bullish On Sand Pricing
Smart Sand (SND) reported 3Q earnings today that were better than expected since NW pricing was quoted to actually have risen to around $53. This was due to a higher percentage of sales moving in-basin, where pricing remains strong.
Revenues were $63.1 million and net income was $12.1 million compared to $10 million net income in the previous quarter. So, clearly, the company's fundamentals are not declining and actually, seem to be improving quarterly despite challenging market conditions concerning pipeline availability.
But, the most insightful part of the Q3 call was on the