Smart Sand, Inc. Announces Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $112.3 million, up 21% year over year
- ➤Q3 net income $8.4 million, or $0.20 diluted EPS
- ➤Q3 Adjusted EBITDA $18.0 million, up from $13.6 million year over year
- ➤2026 sales volumes expected to increase 20% to 30% versus 2025
- ➤2026 capital expenditures projected at $15.0 million to $20.0 million
Expert Statements
Charles Young, Chief Executive Officer of Smart Sand
“Smart Sand delivered another outstanding quarter of operational and financial results”
Charles Young, Chief Executive Officer of Smart Sand
“In the quarter, we achieved strong sales volumes, contribution margin, Adjusted EBITDA and generated over $17.0 million in free cash flow.”
Charles Young, Chief Executive Officer of Smart Sand
“We continue to see robust activity in our core operating basins, and we currently expect these activity levels to continue through the fourth quarter and into 2027”
Charles Young, Chief Executive Officer of Smart Sand
“Our Industrial Product Solution sales volumes continued to grow and our SmartSystems performed well in the quarter.”
Charles Young, Chief Executive Officer of Smart Sand
“For the full year 2026, we currently expect sales volumes to increase by 20% to 30% compared with 2025 sales volumes.”
Charles Young, Chief Executive Officer of Smart Sand
“We expect to generate positive free cash flow in 2026.”
Charles Young, Chief Executive Officer of Smart Sand
“Smart Sand has been able to substantially grow our business this year while returning approximately $14.3 million in capital to our shareholders through dividends and share repurchases, including the dividend to be paid on November 30, 2026.”
Charles Young, Chief Executive Officer of Smart Sand
“We believe we have built the premier Northern White sand franchise in the industry by focusing on delivering high-quality sand and service to our customers and we have positioned ourselves well to take advantage of continued expected growth in demand for oil and natural gas in North America.”
Smart Sand, Inc. Announces Third Quarter 2026 Results PR Newswire
* 3Q 2026 revenue of $112.3 million * 3Q 2026 net income of $8.4 million * 3Q 2026 cash flow provided by operations of $21.1 million * 3Q 2026 contribution margin $26.4 million * 3Q 2026 Adjusted EBITDA of $18.0 million * 3Q 2026 free cash flow of $17.3 million YARDLEY, Pa., Nov. 10, 2026 /PRNewswire/ -- Smart Sand, Inc. (NASDAQ: SND) (the "Company" or "Smart Sand"), a leading supplier of premium Northern White frac sand and industrial sand and a proppant logistics solutions provider, today announced results for the third quarter of 2026.
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