| Schedule of summarized financial information by business segment |
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Three Months Ended March 31, 2025 |
|
|
Water Gathering and Processing |
|
Corporate and Other |
|
Consolidated |
Revenue |
|
$ |
120,251 |
|
$ |
240 |
|
$ |
120,491 |
Cost of Revenue |
|
|
|
|
|
|
|
|
|
Direct Operating Costs |
|
|
50,188 |
|
|
— |
|
|
50,188 |
Depreciation, Amortization and Accretion |
|
|
19,128 |
|
|
628 |
|
|
19,756 |
Total Cost of Revenue |
|
|
69,316 |
|
|
628 |
|
|
69,944 |
Operating Costs and Expenses |
|
|
|
|
|
|
|
|
|
Abandoned Well Costs |
|
|
462 |
|
|
— |
|
|
462 |
General and Administrative |
|
|
— |
|
|
20,010 |
|
|
20,010 |
Research and Development Expense |
|
|
— |
|
|
1,128 |
|
|
1,128 |
Other Operating Expense, Net |
|
|
237 |
|
|
875 |
|
|
1,112 |
Total Operating Expenses |
|
|
699 |
|
|
22,013 |
|
|
22,712 |
Operating Income |
|
|
50,236 |
|
|
(22,401) |
|
|
27,835 |
Other Expense |
|
|
|
|
|
|
|
|
|
Interest Expense, Net |
|
|
— |
|
|
9,230 |
|
|
9,230 |
Other |
|
|
— |
|
|
2,535 |
|
|
2,535 |
Total Other Expense |
|
|
— |
|
|
11,765 |
|
|
11,765 |
Income (Loss) Before Income Taxes |
|
|
50,236 |
|
|
(34,166) |
|
|
16,070 |
Income Tax Expense |
|
|
— |
|
|
70 |
|
|
70 |
Net Income (Loss) |
|
|
50,236 |
|
|
(34,236) |
|
|
16,000 |
Net Income Attributable to Noncontrolling Interest |
|
|
— |
|
|
7,389 |
|
|
7,389 |
Net Income (Loss) Attributable to Aris Water Solutions, Inc. |
|
$ |
50,236 |
|
$ |
(41,625) |
|
$ |
8,611 |
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Three Months Ended March 31, 2024 |
|
|
Water Gathering and Processing |
|
Corporate and Other |
|
Consolidated |
Revenue |
|
$ |
103,406 |
|
$ |
— |
|
$ |
103,406 |
Cost of Revenue |
|
|
|
|
|
|
|
|
|
Direct Operating Costs |
|
|
39,646 |
|
|
— |
|
|
39,646 |
Depreciation, Amortization and Accretion |
|
|
18,798 |
|
|
623 |
|
|
19,421 |
Total Cost of Revenue |
|
|
58,444 |
|
|
623 |
|
|
59,067 |
Operating Costs and Expenses |
|
|
|
|
|
|
|
|
|
Abandoned Well Costs |
|
|
335 |
|
|
— |
|
|
335 |
General and Administrative |
|
|
— |
|
|
14,501 |
|
|
14,501 |
Research and Development Expense |
|
|
— |
|
|
1,065 |
|
|
1,065 |
Other Operating Expense (Income), Net |
|
|
729 |
|
|
(149) |
|
|
580 |
Total Operating Expenses |
|
|
1,064 |
|
|
15,417 |
|
|
16,481 |
Operating Income |
|
|
43,898 |
|
|
(16,040) |
|
|
27,858 |
Other Expense |
|
|
|
|
|
|
|
|
|
Interest Expense, Net |
|
|
— |
|
|
8,438 |
|
|
8,438 |
Other |
|
|
— |
|
|
1 |
|
|
1 |
Total Other Expense |
|
|
— |
|
|
8,439 |
|
|
8,439 |
Income (Loss) Before Income Taxes |
|
|
43,898 |
|
|
(24,479) |
|
|
19,419 |
Income Tax Expense |
|
|
— |
|
|
2,589 |
|
|
2,589 |
Net Income (Loss) |
|
|
43,898 |
|
|
(27,068) |
|
|
16,830 |
Net Income Attributable to Noncontrolling Interest |
|
|
— |
|
|
9,207 |
|
|
9,207 |
Net Income (Loss) Attributable to Aris Water Solutions, Inc. |
|
$ |
43,898 |
|
$ |
(36,275) |
|
$ |
7,623 |
|