Aris Water Solutions, Inc. reported a total revenue of $120.5 million for the first quarter of 2025, marking a 17% increase from $103.4 million in the same period last year. The company's net income was $16.0 million, a decrease of 5% compared to $16.8 million in the first quarter of 2024. Adjusted EBITDA also saw a rise, reaching $56.5 million, up 6% from $53.1 million year-over-year. The company declared a dividend of $0.14 per share for the first quarter, reflecting a 56% increase from the previous year.
In terms of operational performance, Aris Water Solutions handled an average of 1,191 thousand barrels of produced water per day, a 3% increase from the prior year. The company also reported a significant 54% increase in water solutions volumes sold, totaling 559 thousand barrels per day. However, direct operating costs per barrel rose by 10% to $0.32, which impacted overall profitability. The gross margin per barrel remained stable at $0.32, while the adjusted operating margin per barrel decreased by 4% to $0.44.
Strategically, Aris completed the acquisition of Crosstek Membrane Technology LLC in February 2025 for $2.9 million, aimed at expanding its capabilities in industrial water and wastewater treatment. This acquisition is expected to enhance the company's market position and service offerings. Additionally, Aris successfully discharged its $400 million 2026 Senior Sustainability-Linked Notes and issued $500 million in new 2030 Senior Notes, which will help streamline its debt structure and provide capital for future growth.
The company reported a total of 69 employees as of March 31, 2025, reflecting its commitment to maintaining a skilled workforce. Aris Water Solutions continues to focus on expanding its operations in the Permian Basin, where it has established long-term contracts with key customers. The company anticipates that ongoing trends in the oil and gas sector, including increased capital allocation to the Permian Basin, will support its growth trajectory. However, it remains cautious about potential impacts from geopolitical tensions and inflation on its operational costs and market conditions.
About Aris Water Solutions, Inc.
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