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Smart Sand, Inc. — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue rose 21% year-over-year to $112.3 million (down 4% sequentially), while net income increased to $8.4 million ($0.21 diluted) from $3.0 million in Q3 2025 and $10.2 million in Q2 2026.
  • Adjusted EBITDA reached $18.0 million and free cash flow turned positive at $17.3 million, up significantly from $(1.4) million in Q2 2026 and $14.8 million in Q3 2025.
  • Management projects full-year 2026 sales volumes to increase 20% to 30% year-over-year, with capital expenditures expected between $15.0 million and $20.0 million.
  • The company returned approximately $14.3 million to shareholders year-to-date via dividends and share repurchases, including a newly declared special dividend of $0.05 per share payable November 30, 2026.
  • Strategic expansion includes acquiring rights to a terminal in Williamsport, Pennsylvania (operational in 2027) and a site in Fort St. John, British Columbia, alongside a new $20.0 million share repurchase program authorized through April 2028.
Company
SMART SAND INC
Sector
Energy
Industry
Oil & Gas Equipment & Services