Smart Sand Inc. Reports Q1 2025 Financial Results

Smart Sand Inc ( (SND) ) has released its Q1 earnings. Here is a breakdown of the information Smart Sand Inc presented to its investors.

Smart Sand Inc. is a fully integrated frac and industrial sand supply and services company, known for producing high-quality Northern White sand and providing logistics solutions across the United States and Canada.

In the first quarter of 2025, Smart Sand Inc. reported a revenue of $65.6 million, with total tons sold reaching approximately 1.1 million. The company generated $8.7 million in cash flow from operations, reflecting a strategic focus on maintaining positive free cash flow and enhancing shareholder value.

Key financial metrics for the quarter included a gross profit of $2.8 million and a net loss of $24.2 million, primarily due to non-cash deferred income tax expenses. Despite a sequential and year-over-year decline in sales volumes and revenue, the company managed to improve its cash flow from operations significantly. The industrial sales segment marked a record-breaking quarter, with a 9% sequential increase in sales volumes.

Looking ahead, Smart Sand anticipates a substantial increase in sales volumes in the second quarter, driven by seasonal demand and customer well completions in key basins. The company plans to increase capital expenditures over the next two quarters to support future growth, while continuing to explore opportunities for stock buybacks and special dividends to enhance shareholder value.