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Gold/Mining/Energy : NGL to da moon (well, maybe to $10?)!!

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From: Elroy11/4/2024 4:36:46 PM
   of 109
 
These guys are competitors with NGL's water division.

Aris Water Solutions, Inc. Reports Third Quarter 2024 Results and Further Increases 2024 Adjusted EBITDA Outlook

finance.yahoo.com

THIRD QUARTER 2024 HIGHLIGHTS

  • Increased produced water volumes 2% sequentially and 6% versus the third quarter of 2023

  • Increased recycled water volumes 25% sequentially and 16% versus the third quarter of 2023

  • Achieved net income of $16.4 million, a 34% increase versus the third quarter of 2023

  • Generated Adjusted EBITDA1 of $54.3 million, up 9% sequentially and up 21% versus the third quarter of 2023

  • Achieved Gross Margin per barrel of $0.32 and Adjusted Operating Margin per barrel2 of $0.45, a 13% increase in Adjusted Operating Margin per barrel2 versus the third quarter of 2023

  • Maintained a strong balance sheet with quarter-end leverage3 of 2.0X and $292 million of available liquidity under our revolving credit facility

  • Increasing our 2024 Adjusted EBITDA1 outlook to $208 to $212 million

  • Full year 2024 Capital Expenditure4 guidance of $98 to $105 million, consistent with prior guidance

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