Smart Sand reported strong second quarter results with better than expected volumes, revenues, margins, EBITDA, and free cash flow. Management implemented cost control measures to improve contribution margins and adjusted EBITDA, expecting to be free cash flow positive in 2024. SND is positioned to take advantage of expected increased activity in natural gas basins in 2025, with strong demand in the main operating basins.
Smart Sand (SND) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to earnings of $0.17 per share a year ago.