Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Total Revenue $ 112,312 $ 99,789 $ 316,835 $ 287,993
Cost of Revenue        
Direct Operating Costs 46,553 44,687 126,393 132,978
Depreciation, Amortization and Accretion 19,974 19,445 59,102 57,137
Total Cost of Revenue 66,527 64,132 185,495 190,115
Operating Costs and Expenses        
Abandoned Well Costs 8 1,214 318 1,214
General and Administrative 17,415 13,526 47,953 38,007
Research and Development Expense 408 809 2,601 1,867
Other Operating (Income) Expense, Net (358) (2,121) 379 (2,096)
Total Operating Expenses 17,473 13,428 51,251 38,992
Operating Income 28,312 22,229 80,089 58,886
Other Expense        
Interest Expense, Net 9,382 7,955 26,633 23,587
Other     1  
Total Other Expense 9,382 7,955 26,634 23,587
Income Before Income Taxes 18,930 14,274 53,455 35,299
Income Tax Expense 2,499 2,032 7,082 4,918
Net Income 16,431 12,242 46,373 30,381
Net Income Attributable to Noncontrolling Interest 8,943 6,829 25,297 16,892
Net Income Attributable to Aris Water Solutions, Inc. $ 7,488 $ 5,413 $ 21,076 $ 13,489
Net Income Per Share of Class A Common Stock        
Basic (in dollars per share) $ 0.23 $ 0.17 $ 0.64 $ 0.42
Diluted (in dollars per share) $ 0.22 $ 0.17 $ 0.64 $ 0.42
Weighted Average Shares of Class A Common Stock Outstanding        
Basic (in shares) 30,631,995 30,050,560 30,511,701 30,007,433
Diluted (in shares) 30,919,575 30,050,560 30,621,195 30,007,433
Other Revenue        
Revenue        
Total Revenue $ 3,063 $ 761 $ 4,032 $ 1,871
Nonrelated Party | Produced Water Handling        
Revenue        
Total Revenue 59,006 47,574 172,927 143,390
Nonrelated Party | Water Solutions        
Revenue        
Total Revenue 16,600 20,370 42,097 49,180
Related Party        
Revenue        
Total Revenue 33,600 31,100 97,800 93,600
Related Party | Produced Water Handling        
Revenue        
Total Revenue 29,418 28,036 84,859 74,357
Related Party | Water Solutions        
Revenue        
Total Revenue $ 4,225 $ 3,048 $ 12,920 $ 19,195