Quarterly ResultMay 12, 2026, 04:07 PM
Smart Sand Q1 Revenue $93.1M, Net Loss $(3.9)M; Declares $0.10 Dividend
AI Summary
Smart Sand, Inc. reported first-quarter 2026 revenue of $93.1 million, a 41.9% increase year-over-year, alongside a net loss of $(3.9) million. The company achieved a record quarterly sales volume of nearly 1.5 million tons and generated $0.8 million in free cash flow. Smart Sand also announced a new $20.0 million share repurchase program and paid a special dividend of $0.10 per share, totaling $3.9 million to shareholders.
Key Highlights
- Q1 2026 revenue was $93.1 million, up 41.9% year-over-year.
- Q1 2026 net loss was $(3.9) million, or $(0.10) per basic and diluted share.
- Q1 2026 tons sold reached a record 1,492,000, a 40% increase year-over-year.
- Generated $3.0 million in cash flow from operations and $0.8 million in free cash flow.
- Approved a new $20.0 million share repurchase program through April 2028.
- Paid a special dividend of $0.10 per share, distributing $3.9 million.
- Adjusted EBITDA for Q1 2026 was $3.8 million.
- Forecasts positive free cash flow and 5% to 10% sales volume growth for 2026.
Price Impact
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