Aris Water Solutions (ARIS) Tops Q4 EPS by 4c, provides outlook

Aris Water Solutions (NYSE: ARIS) reported Q4 EPS of $0.26, $0.04 better than the analyst estimate of $0.22. Revenue for the quarter came in at $104.13 million versus the consensus estimate of $96.7 million.

2024 OUTLOOK: FOCUSED ON CASH GENERATION

Significant positive free cash flow expected due to greater asset efficiency, improved cost structure and lower capital reinvestment
Full year produced water volumes are forecasted to grow approximately 2 - 5%, excluding the impact of a 2023 asset divestiture
Full year water solutions volumes are expected to be between 430 to 470 thousand barrels per day, approximately flat with 2023
Full-year Adjusted EBITDA1 forecasted between $180 - $200 million, up approximately 9% at the midpoint versus 2023
Adjusted Operating Margin per Barrel2 is anticipated to increase 8% - 13% year-over-year to $0.42 - $0.44/bbl
We project Capital Expenditures3 of $85 - $105 million, down approximately 40% versus 2023, a range which reflects $12 - $16 million of capital investment needed to maintain our system and potential capital for new business development

For earnings history and earnings-related data on Aris Water Solutions (ARIS) click here.

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