Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Total Revenue $ 99,789 $ 90,776 $ 287,993 $ 238,131
Cost of Revenue        
Direct Operating Costs 44,687 43,885 132,978 101,337
Depreciation, Amortization and Accretion 19,445 16,942 57,137 49,724
Total Cost of Revenue 64,132 60,827 190,115 151,061
Operating Costs and Expenses        
Abandoned Well Costs 1,214 9,222 1,214 14,637
General and Administrative 13,526 11,052 38,007 33,330
Impairment of Long-Lived Assets       15,597
Research and Development Expense 809 430 1,867 530
Other Operating (Income) Expense (2,121) 239 (2,096) 1,816
Total Operating Expenses 13,428 20,943 38,992 65,910
Operating Income 22,229 9,006 58,886 21,160
Other Expense        
Interest Expense, Net 7,955 6,763 23,587 21,863
Income (Loss) Before Income Taxes 14,274 2,243 35,299 (703)
Income Tax Expense (Benefit) 2,032 287 4,918 (81)
Net Income (Loss) 12,242 1,956 30,381 (622)
Net Income (Loss) Attributable to Noncontrolling Interest 6,829 1,257 16,892 (493)
Net Income (Loss) Attributable to Aris Water Solutions, Inc. $ 5,413 $ 699 $ 13,489 $ (129)
Net Income (Loss) Per Share of Class A Common Stock        
Basic (in dollars per share) $ 0.17 $ 0.02 $ 0.42 $ (0.03)
Diluted (in dollars per share) $ 0.17 $ 0.02 $ 0.42 $ (0.03)
Weighted Average Shares of Class A Common Stock Outstanding        
Basic (in shares) 30,050,560 24,499,953 30,007,433 22,779,077
Diluted (in shares) 30,050,560 24,546,632 30,007,433 22,779,077
Nonrelated Party | Produced Water Handling        
Revenue        
Total Revenue $ 47,574 $ 39,674 $ 143,390 $ 110,299
Nonrelated Party | Water Solutions        
Revenue        
Total Revenue 20,370 20,392 49,180 46,744
Nonrelated Party | Other Revenue        
Revenue        
Total Revenue 761 246 1,871 364
Related Party | Produced Water Handling        
Revenue        
Total Revenue 28,036 24,796 74,357 69,084
Related Party | Water Solutions        
Revenue        
Total Revenue $ 3,048 $ 5,668 $ 19,195 $ 11,640