3Q 2023 total tons sold of approximately 1.2 million
3Q 2023 revenue of $76.9 million
3Q 2023 net income of $6.7 million
3Q 2023 adjusted EBITDA of $13.3 million
3Q 2023 net cash provided by operating activities of $12.5 million
3Q 2023 free cash flow of $5.6 million
SPRING, Texas, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the “Company” or “Smart Sand”), a fully integrated frac and industrial sand supply and services company, a low-cost producer of high quality Northern White frac sand, a proppant logistics solutions provider through both its in-basin transloading terminals and SmartSystems™ products and services and a provider of industrial product solutions, today announced results for the third quarter of 2023.
“Smart Sand delivered strong operating and financial results in the third quarter of 2023,” stated Charles Young, Smart Sand’s Chief Executive Officer. “Sales volumes increased sequentially as we saw strong demand in both the Bakken and Marcellus basins and had our first full quarter of operations at our Blair facility, leading to increased sales volumes into the Canadian market.”
3Q 2023 revenue of $76.9 million
3Q 2023 net income of $6.7 million
3Q 2023 adjusted EBITDA of $13.3 million
3Q 2023 net cash provided by operating activities of $12.5 million
3Q 2023 free cash flow of $5.6 million
SPRING, Texas, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Smart Sand, Inc. (NASDAQ: SND) (the “Company” or “Smart Sand”), a fully integrated frac and industrial sand supply and services company, a low-cost producer of high quality Northern White frac sand, a proppant logistics solutions provider through both its in-basin transloading terminals and SmartSystems™ products and services and a provider of industrial product solutions, today announced results for the third quarter of 2023.
“Smart Sand delivered strong operating and financial results in the third quarter of 2023,” stated Charles Young, Smart Sand’s Chief Executive Officer. “Sales volumes increased sequentially as we saw strong demand in both the Bakken and Marcellus basins and had our first full quarter of operations at our Blair facility, leading to increased sales volumes into the Canadian market.”
