Smart Sand, Inc. — Third Quarter 2026 Earnings Summary

Smart Sand, Inc. reported third-quarter 2026 revenue of $112.3 million and net income of $8.4 million, driven by a 21% year-over-year increase in sales volumes to approximately 1.78 million tons. The company generated $18.0 million in Adjusted EBITDA and $17.3 million in free cash flow, while returning approximately $14.3 million to shareholders through dividends and share repurchases during the year. Management expects full-year 2026 sales volumes to increase by 20% to 30% compared to 2025 and anticipates generating positive free cash flow for the entire year. As of September 30, 2026, the company held $21.7 million in cash and maintained $50.0 million in undrawn availability under its credit facility.