Aris Water Solutions, Inc. reported a total revenue of $435.4 million for the fiscal year ending December 31, 2024, marking an 11% increase from $392.1 million in the previous year. The company's net income rose significantly by 39% to $60.2 million, compared to $43.4 million in 2023. This growth was driven by a 7% increase in produced water handling volumes, which reached 1,120,000 barrels per day (bwpd), and a 16% increase in recycled water volumes sold, averaging 377,000 bwpd. The gross margin per barrel improved by 24% to $0.31, reflecting effective cost management and operational efficiencies.
In terms of operational metrics, Aris Water Solutions handled a total of 1,548 kbwpd of water, a 4% increase from the previous year. The company also reported a decrease in direct operating costs per barrel to $0.31, down 6% from the prior year. The overall performance indicators suggest a positive trend in both revenue generation and cost efficiency, contributing to the company's profitability.
Strategically, Aris Water Solutions made significant acquisitions, including the purchase of approximately 45,000 surface acres in New Mexico and Texas for $46.1 million, aimed at securing long-term disposal capacity. Additionally, the company entered into a beneficial reuse joint industry project with major players like Chevron and ConocoPhillips, enhancing its position in the market for recycled water solutions. The company also acquired intellectual property from Crosstek Membrane Technology to expand its capabilities in industrial water treatment.
Looking ahead, Aris Water Solutions anticipates continued growth driven by strong demand in the Permian Basin, where its key customers are focusing on sustainability and minimizing environmental impacts. The company plans to invest between $85 million and $105 million in capital expenditures in 2025, reflecting its commitment to expanding its infrastructure and service offerings. However, the company remains cautious about potential market volatility and regulatory changes that could impact its operations and financial performance.
About Aris Water Solutions, Inc.
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