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
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Total Revenue $ 103,406 $ 91,571
Cost of Revenue    
Direct Operating Costs 39,646 43,845
Depreciation, Amortization and Accretion 19,421 18,606
Total Cost of Revenue 59,067 62,451
Operating Costs and Expenses    
Abandoned Well Costs 335  
General and Administrative 14,501 11,799
Research and Development Expense 1,065 408
Other Operating Expense, Net 580 217
Total Operating Expenses 16,481 12,424
Operating Income 27,858 16,696
Other Expense    
Interest Expense, Net 8,438 7,661
Other 1  
Total Other Expense 8,439 7,661
Income Before Income Taxes 19,419 9,035
Income Tax Expense 2,589 1,327
Net Income 16,830 7,708
Net Income Attributable to Noncontrolling Interest 9,207 4,330
Net Income Attributable to Aris Water Solutions, Inc. $ 7,623 $ 3,378
Net Income Per Share of Class A Common Stock    
Basic (in dollars per share) $ 0.23 $ 0.11
Diluted (in dollars per share) $ 0.23 $ 0.11
Weighted Average Shares of Class A Common Stock Outstanding    
Basic (in shares) 30,354,014 29,935,145
Diluted (in shares) 30,354,014 29,935,145
Other Revenue    
Revenue    
Total Revenue $ 529 $ 465
Nonrelated Party | Produced Water Handling    
Revenue    
Total Revenue 59,106 46,100
Nonrelated Party | Water Solutions    
Revenue    
Total Revenue 11,702 13,882
Related Party    
Revenue    
Total Revenue 32,100 31,100
Related Party | Produced Water Handling    
Revenue    
Total Revenue 26,827 23,140
Related Party | Water Solutions    
Revenue    
Total Revenue $ 5,242 $ 7,984