Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue      
Total Revenue $ 392,118 $ 321,001 $ 229,251
Cost of Revenue      
Direct Operating Costs 177,973 139,480 90,914
Depreciation, Amortization and Accretion 76,632 67,524 60,767
Total Cost of Revenue 254,605 207,004 151,681
Operating Costs and Expenses      
Abandoned Well Costs 1,303 15,771 28,505
General and Administrative 50,454 45,220 27,266
Impairment of Long-Lived Assets   15,597  
Research and Development Expense 3,120 691  
Other Operating (Income) Expense, Net (1,230) 2,212 2,657
Total Operating Expenses 53,647 79,491 58,428
Operating Income 83,866 34,506 19,142
Other Expense      
Interest Expense, Net 32,853 29,185 25,473
Other 107   380
Total Other Expense 32,960 29,185 25,853
Income (Loss) Before Income Taxes 50,906 5,321 (6,711)
Income Tax Expense 7,494 524 298
Net Income (Loss) 43,412 4,797 (7,009)
Equity Accretion and Dividend-Redeemable Preferred Units     21
Net Income (Loss)-Stockholders'/Members' Equity 43,412 4,797 (6,988)
Net Loss, Equity Accretion and Dividend Prior to IPO     (10,309)
Net Income Attributable to Noncontrolling Interest 24,524 3,097 2,209
Net Income Attributable to Aris Water Solutions, Inc. $ 18,888 $ 1,700 $ 1,112
Net Income Per Share of Class A Common Stock(1)      
Basic (in dollars per share) $ 0.59 $ 0.04 $ 0.05
Diluted (in dollars per share) $ 0.59 $ 0.04 $ 0.05
Weighted Average Shares of Class A Common Stock Outstanding (1)      
Basic (in shares) 30,037,681 24,070,934 20,888,675
Diluted (in shares) 30,037,681 24,146,215 20,888,675
Other Revenue      
Revenue      
Total Revenue $ 2,353 $ 706  
Nonrelated Party | Produced Water Handling      
Revenue      
Total Revenue 195,207 151,360 $ 98,486
Nonrelated Party | Water Solutions      
Revenue      
Total Revenue 66,625 60,672 25,121
Related Party | Produced Water Handling      
Revenue      
Total Revenue 102,322 93,107 86,598
Related Party | Water Solutions      
Revenue      
Total Revenue $ 25,611 $ 15,156 $ 19,046