PR Newswire·Nov 10, 2026, 4:00 PM ET

Smart Sand, Inc. Announces Third Quarter 2026 Results

Smart Sand reported 3Q 2026 revenue of $112.3 million, net income of $8.4 million, & operating cash flow of $21.1 million.
The company achieved a 3Q 2026 contribution margin of $26.4 million, Adjusted EBITDA of $18.0 million, & free cash flow of $17.3 million.
Tons sold in 3Q 2026 totaled 1.783 million, reflecting a 4% sequential decrease & a 21% year-over-year increase.
Full-year 2026 sales volume is expected to increase by 20% to 30% compared to 2025, with positive free cash flow anticipated for the year.
Smart Sand returned approximately $14.3 million to shareholders via dividends & share repurchases through November 2026.
A special dividend of $0.05 per share will be paid on November 30, 2026, returning approximately $2.2 million to stockholders.
The company acquired rights to a terminal in Williamsport, Pennsylvania, operational in 2027, & a site in Fort St. John, British Columbia.
Liquidity as of September 30, 2026, included $21.7 million in cash on hand & $50.0 million in undrawn availability under the FCB ABL Credit Facility.
Full-year 2026 capital expenditures are projected between $15.0 million & $20.0 million, excluding acquisitions & new terminal investments.
Operating expenses for 3Q 2026 were $10.0 million, driven by increases in wages, benefits, & accounting fees.
Cost of goods sold decreased sequentially to $93.1 million but increased year-over-year due to higher mining, production, & freight costs.