Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Total Revenue $ 96,633 $ 76,386 $ 188,204 $ 147,355
Cost of Revenue        
Direct Operating Costs 44,446 30,781 88,291 57,452
Depreciation, Amortization and Accretion 19,086 16,203 37,692 32,782
Total Cost of Revenue 63,532 46,984 125,983 90,234
Operating Costs and Expenses        
Abandoned Well Costs   5,415   5,415
General and Administrative 12,682 11,567 24,481 22,278
Impairment of Long-Lived Assets       15,597
Research and Development Expense 650 81 1,058 100
Other Operating (Income) Expense (192) 513 25 1,577
Total Operating Expenses 13,140 17,576 25,564 44,967
Operating Income 19,961 11,826 36,657 12,154
Other Expense        
Interest Expense, Net 7,971 7,315 15,632 15,100
Income (Loss) Before Income Taxes 11,990 4,511 21,025 (2,946)
Income Tax Expense (Benefit) 1,559 472 2,886 (368)
Net Income (Loss) 10,431 4,039 18,139 (2,578)
Net Income (Loss) Attributable to Noncontrolling Interest 5,733 2,645 10,063 (1,750)
Net Income (Loss) Attributable to Aris Water Solutions, Inc. $ 4,698 $ 1,394 $ 8,076 $ (828)
Net Income (Loss) Per Share of Class A Common Stock        
Basic (in dollars per share) $ 0.15 $ 0.06 $ 0.25 $ (0.05)
Diluted (in dollars per share) $ 0.15 $ 0.05 $ 0.25 $ (0.05)
Weighted Average Shares of Class A Common Stock Outstanding        
Basic (in shares) 30,036,593 21,984,313 29,985,869 21,918,639
Diluted (in shares) 30,036,593 22,101,106 29,985,869 21,918,639
Nonrelated Party [Member] | Produced Water Handling        
Revenue        
Total Revenue $ 49,716 $ 35,525 $ 95,816 $ 70,625
Nonrelated Party [Member] | Water Solutions        
Revenue        
Total Revenue 14,928 14,708 28,810 26,352
Nonrelated Party [Member] | Other Revenue        
Revenue        
Total Revenue 645 118 1,110 118
Related Party [Member] | Produced Water Handling        
Revenue        
Total Revenue 23,181 23,207 46,321 44,288
Related Party [Member] | Water Solutions        
Revenue        
Total Revenue $ 8,163 $ 2,828 $ 16,147 $ 5,972