Aris Water Solutions, Inc.

CIK:0001865187|SEC Filings

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Revenue
Total Revenue	$ 124,092	$ 101,117	$ 244,583	$ 204,523
Cost of Revenue
Direct Operating Costs	58,227	40,194	108,415	79,840
Cost of Goods Sold	127		127
Depreciation, Amortization and Accretion	19,972	19,707	39,728	39,128
Total Cost of Revenue	78,326	59,901	148,270	118,968
Operating Costs and Expenses
Abandoned Well Costs	998	(25)	1,460	310
General and Administrative	17,699	16,037	37,709	30,538
Research and Development Expense	946	1,128	2,074	2,193
Other Operating (Income) Expense, Net	(208)	157	904	737
Total Operating Expenses	19,435	17,297	42,147	33,778
Operating Income	26,331	23,919	54,166	51,777
Other Expense
Interest Expense, Net	9,567	8,813	18,797	17,251
Other			2,535	1
Total Other Expense	9,567	8,813	21,332	17,252
Income Before Income Taxes	16,764	15,106	32,834	34,525
Income Tax Expense	2,680	1,994	2,750	4,583
Net Income	14,084	13,112	30,084	29,942
Net Income Attributable to Noncontrolling Interest	7,433	7,147	14,822	16,354
Net Income Attributable to Aris Water Solutions, Inc.	$ 6,651	$ 5,965	$ 15,262	$ 13,588
Net Income Per Share of Class A Common Stock
Basic (in dollars per share)	$ 0.19	$ 0.18	$ 0.45	$ 0.41
Diluted (in dollars per share)	$ 0.19	$ 0.18	$ 0.44	$ 0.41
Weighted Average Shares of Class A Common Stock Outstanding
Basic (in shares)	32,702,834	30,549,092	32,048,183	30,451,553
Diluted (in shares)	33,494,725	30,589,997	32,880,189	30,472,005
Other Revenue
Revenue
Total Revenue	$ 726	$ 440	$ 1,624	$ 969
Nonrelated Party \| Produced Water Handling
Revenue
Total Revenue	62,243	54,815	119,549	113,921
Nonrelated Party \| Water Solutions
Revenue
Total Revenue	19,397	13,795	40,053	25,497
Related Party
Revenue
Total Revenue	41,700	32,000	83,400	64,100
Related Party \| Produced Water Handling
Revenue
Total Revenue	35,964	28,614	70,836	55,441
Related Party \| Water Solutions
Revenue
Total Revenue	$ 5,762	$ 3,453	$ 12,521	$ 8,695

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Cash Flow from Operating Activities
Net Income	$ 30,084	$ 29,942
Adjustments to reconcile Net Income to Net Cash Provided by Operating Activities:
Deferred Income Tax Expense	4,397	3,770
Depreciation, Amortization and Accretion	39,728	39,128
Stock-Based Compensation	11,937	8,214
Abandoned Well Costs	1,460	310
Loss on Disposal of Assets, Net	219	114
Abandoned Projects	237	745
Amortization of Debt Issuance Costs, Net	1,306	1,436
Loss on Debt Extinguishment	2,535
Other	177	735
Changes in Operating Assets and Liabilities:
Accounts Receivable	(3,862)	(5,524)
Accounts Receivable from Affiliate	(12,402)	(6,169)
Other Receivables	1,482	(665)
Other Current Assets	2,355	2,975
Accounts Payable	2,686	1,818
Payables to Affiliate	(1,024)	(215)
Accrued Liabilities and Other	(15,158)	(18,467)
Net Cash Provided by Operating Activities	66,157	58,147
Cash Flow from Investing Activities
Property, Plant and Equipment Expenditures	(40,814)	(56,879)
Cash Paid for Acquisitions	(15,231)
Proceeds from the Sale of Property, Plant and Equipment	4,629	94
Net Cash Used in Investing Activities	(51,416)	(56,785)
Cash Flow from Financing Activities
Dividends and Distributions Paid	(17,108)	(11,817)
Repurchase of Shares for the Payment of Withholding Taxes	(10,049)	(1,326)
Repayment of Credit Facility	(89,000)	(15,000)
Proceeds from Credit Facility	45,000	37,000
Proceeds from 2030 Notes	500,000
Satisfaction and Discharge of 2026 Notes	(400,000)
Payment of Debt Issuance Costs Related to 2030 Notes	(9,914)
Payment of Insurance Premium Financing	(4,615)	(3,756)
Payment of Finance Leases	(369)
Net Cash Provided by Financing Activities	13,945	5,101
Net Increase in Cash	28,686	6,463
Cash, Beginning of Period	28,673	5,063
Cash, End of Period	57,359	11,526
Supplementary Cash Flow Data
Cash Paid for Interest	16,154	16,805
Cash Paid for Income Taxes	$ 1,755	$ 561

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Assets
Cash	$ 57,359	$ 28,673
Other Receivables	13,222	13,829
Other Current Assets	8,728	10,418
Total Current Assets	170,605	127,952
Fixed Assets
Property, Plant and Equipment	1,245,013	1,188,781
Accumulated Depreciation	(180,435)	(160,176)
Total Property, Plant and Equipment, Net	1,064,578	1,028,605
Intangible Assets, Net	180,709	195,223
Goodwill	34,585	34,585
Deferred Income Tax Assets, Net	7,199	1,735
Operating Lease Right-of-Use Assets, Net	15,714	15,016
Other Assets	3,485	5,284
Total Assets	1,476,875	1,408,400
Liabilities and Stockholders' Equity
Insurance Premium Financing Liability	2,281	6,725
Accrued and Other Current Liabilities	70,386	77,339
Total Current Liabilities	98,861	105,187
Long-Term Debt, Net of Debt Issuance Costs	490,522	441,662
Asset Retirement Obligations	22,930	21,865
Tax Receivable Agreement Liability	58,700	49,844
Other Long-Term Liabilities	18,200	17,335
Total Liabilities	689,213	635,893
Commitments and Contingencies (see Note 11)
Stockholders' Equity
Preferred Stock $0.01 par value, 50,000,000 authorized. None issued or outstanding as of June 30, 2025 and December 31, 2024
Treasury Stock (at Cost), 986,106 shares as of June 30, 2025; 658,492 shares as of December 31, 2024	(19,037)	(8,988)
Additional Paid-in-Capital	411,779	380,565
Retained Earnings	19,522	13,676
Total Stockholders' Equity Attributable to Aris Water Solutions, Inc.	412,863	385,841
Noncontrolling Interest	374,799	386,666
Total Stockholders' Equity	787,662	772,507
Total Liabilities and Stockholders' Equity	1,476,875	1,408,400
Class A Common Stock
Stockholders' Equity
Common stock value	335	314
Class B Common Stock
Stockholders' Equity
Common stock value	264	274
Nonrelated Party
Assets
Accounts Receivable, Net	66,878	63,016
Liabilities and Stockholders' Equity
Accounts Payable	22,627	20,182
Related Party
Assets
Accounts Receivable, Net	24,418	12,016
Liabilities and Stockholders' Equity
Accounts Payable	$ 3,567	$ 941