Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total Revenue $ 101,117 $ 96,633 $ 204,523 $ 188,204
Cost of Revenue        
Direct Operating Costs 40,194 44,446 79,840 88,291
Depreciation, Amortization and Accretion 19,707 19,086 39,128 37,692
Total Cost of Revenue 59,901 63,532 118,968 125,983
Operating Costs and Expenses        
General and Administrative 16,037 12,682 30,538 24,481
Research and Development Expense 1,128 650 2,193 1,058
Other Operating Expense (Income), Net 132 (192) 1,047 25
Total Operating Expenses 17,297 13,140 33,778 25,564
Operating Income 23,919 19,961 51,777 36,657
Other Expense        
Interest Expense, Net 8,813 7,971 17,251 15,632
Other     1  
Total Other Expense 8,813 7,971 17,252 15,632
Income Before Income Taxes 15,106 11,990 34,525 21,025
Income Tax Expense 1,994 1,559 4,583 2,886
Net Income 13,112 10,431 29,942 18,139
Net Income Attributable to Noncontrolling Interest 7,147 5,733 16,354 10,063
Net Income Attributable to Aris Water Solutions, Inc. $ 5,965 $ 4,698 $ 13,588 $ 8,076
Net Income Per Share of Class A Common Stock        
Basic (in dollars per share) $ 0.18 $ 0.15 $ 0.41 $ 0.25
Diluted (in dollars per share) $ 0.18 $ 0.15 $ 0.41 $ 0.25
Weighted Average Shares of Class A Common Stock Outstanding        
Basic (in shares) 30,549,092 30,036,593 30,451,553 29,985,869
Diluted (in shares) 30,589,997 30,036,593 30,472,005 29,985,869
Other Revenue        
Revenue        
Total Revenue $ 440 $ 645 $ 969 $ 1,110
Nonrelated Party | Produced Water Handling        
Revenue        
Total Revenue 54,815 49,716 113,921 95,816
Nonrelated Party | Water Solutions        
Revenue        
Total Revenue 13,795 14,928 25,497 28,810
Related Party        
Revenue        
Total Revenue 32,000 31,300 64,100 62,500
Related Party | Produced Water Handling        
Revenue        
Total Revenue 28,614 23,181 55,441 46,321
Related Party | Water Solutions        
Revenue        
Total Revenue $ 3,453 $ 8,163 $ 8,695 $ 16,147