Smart Sand, Inc.

Smart Sand, Inc. announced that its board of directors has declared a special cash dividend of $0.05 per share on its common stock. The dividend is payable on November 30, 2026, to stockholders of record as of November 18, 2026. The company highlighted that this dividend, along with share repurchases, has resulted in approximately $14 million returned to stockholders year-to-date in 2026, supported by strong sales, a healthy balance sheet, and disciplined cost management.

Smart Sand, Inc. reported strong financial results for Q2 2026 and the six months ended June 30, 2026. Quarterly revenue increased to $115.1 million, up from $85.8 million in the prior year, while year-to-date net income reached $6.3 million, a significant improvement from a net loss of $2.8 million in the same period last year. The company also saw substantial growth in gross profit and operating income. Strategic updates include expansion of transloading terminals and significant unsatisfied performance obligations totaling $191.9 million.

Smart Sand, Inc. announced that its Board of Directors declared a special cash dividend of $0.10 per share of common stock. This dividend is scheduled to be paid on August 12, 2026, to stockholders of record at the close of business on July 28, 2026. CEO Charles Young stated that the company has returned approximately $12 million to stockholders year-to-date in 2026 through dividends and share repurchases, supported by strong sales volumes and a healthy balance sheet.

Smart Sand, Inc. stockholders approved the 2026 Equity Incentive Plan and the 2026 Employee Stock Purchase Plan (ESPP) at their Annual Meeting on June 2, 2026. The Equity Incentive Plan replaces the previous 2016 plan and reserves 2,400,000 new shares, in addition to certain shares from the prior plan. The ESPP reserves 3,000,000 shares, allowing eligible employees to purchase common stock at a discounted price through payroll deductions. Both plans are effective immediately and are set to expire in 2036.

Smart Sand, Inc. has established a Rule 10b5-1 trading plan on May 15, 2026, to facilitate its previously announced share repurchase programs. This plan allows for the repurchase of up to $2.5 million in shares, including commissions. Purchases are set to begin no earlier than June 1, 2026, and will conclude upon the full utilization of the $2.5 million or by August 10, 2026, whichever occurs first.

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.

Smart Sand, Inc. reported a significantly reduced net loss of $3.86 million for the first quarter of 2026, a substantial improvement from a $24.23 million net loss in the prior year. Total revenue increased to $93.11 million, primarily driven by a strong performance in the Sand segment, which saw revenues rise to $92.49 million. However, the SmartSystems segment experienced a decline in revenue. The company also declared a special dividend of $0.10 per share, amounting to approximately $3.94 million.