Smart Sand Inc. announced results for the third quarter 2021. Revenues were $34.5 million in the third quarter of 2021, compared to $29.6 million in the second quarter of 2021 and $23.4 million in the third quarter of 2020. Revenues were up in the third quarter, compared to the second quarter of 2021, due to higher sand sales revenues resulting from higher in-basin sales volumes and…
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Shearer Joins Smart Sand Management Team
Smart Sand, Inc. announced that industry veteran Richard J. “Rick” Shearer will join the company as president – Industrial Products at the end of September. In this new position, Shearer will be part of Smart Sand’s management team and will lead the company’s expansion into new markets for high-quality industrial products.
Read MoreSmart Sand Acquires Eagle Materials’ Proppants Segment
Smart Sand Inc. has completed the acquisition of the Oil and Gas Proppants segment of Eagle Materials Inc. The segment’s primary assets include frac sand mines and related processing facilities in Utica, Ill., and New Auburn, Wis., with approximately 3.5 million tons of annual processing capacity, of which approximately 1.6 million tons has access to the BNSF rail line.
Read MoreSmart Sand Revenues Down Sharply in Second Quarter
Smart Sand Inc. announced results for the second quarter 2020. Revenues were $26.1 million in the second quarter of 2020, compared to $47.5 million in the first quarter of 2020 and $67.9 million in the second quarter of 2019. Included in revenues were $14.0 million, $1.3 million, and $16.3 million of shortfall revenues for each respective period.
Read MoreSmart Sand Announces First Quarter Results
Smart Sand Inc. announced results for the first quarter 2020. Revenues were $47.5 million in the first quarter of 2020, flat compared to fourth quarter of 2019 revenues of $47.7 million and a decrease of 8% compared to first quarter of 2019 revenues of $51.8 million.
Read MoreSmart Sand Cuts Costs, Addresses Cash Flow
Smart Sand Inc. provided an update on the current market environment. The recent decline in oil prices resulting from a combination of oversupply from Russia and Saudi Arabia and reduced demand related to the COVID-19 pandemic has led many exploration and production companies and oilfield service companies to announce plans to slow or stop well completions activity.
Read MoreSmart Sand Tons Sold, Revenues Up in Second Quarter
Smart Sand Inc. second-quarter revenues were $67.9, an increase of 31% compared to first-quarter revenues of $51.8 million, and an increase of 25% compared to second-quarter 2018 revenues of $54.4 million.
Read MoreSmart Sand Posts Highest Revenues in Its History
Smart Sand Inc. announced results for the fourth quarter and full year ended Dec. 31, 2018.
Read MoreSmart Sand Revenues Up Year-Over-Year; Makes Acquisition
Smart Sand Inc. announced that first-quarter revenues were $42.6, a slight decrease compared to fourth quarter 2017 revenues of $43 million. The decrease in revenues was primarily due to higher production costs and lower freight revenue, offset by higher sales volumes and a higher average price per ton sold.
Read MoreSmart Sand Completes Unit-Train-Capable Rail Facility
Smart Sand Inc. announced that it has completed construction of its unit-train-capable rail facility served by the Union Pacific Railroad in Byron Township, Wis. The company moved its first unit train from the expanded site via the Union Pacific Railroad on Dec. 26, 2017.
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