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Aris Water Solutions Inc
NYSE:ARIS

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Aris Water Solutions Inc
NYSE:ARIS
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Price: 17.14 USD 3.82% Market Closed
Market Cap: $1B

Aris Water Solutions Inc
Investor Relations

Aris Water Solutions Inc. began its journey with a clear commitment: to address the complex water management challenges faced by the oil and gas industry. Founded in the heart of the energy corridor, Aris focuses on sustainable water solutions, recognizing water's pivotal role in energy operations. In essence, Aris manages the full water lifecycle, ensuring oil and gas producers have a reliable water management partner. By integrating modern infrastructure and innovative technologies, the company handles millions of barrels of water daily, moving, treating, and recycling it efficiently to meet environmental standards and operational needs.

The company's revenue model revolves around comprehensive water management services, including sourcing, treatment, storage, and recycling of water for producers. By leveraging its vast network of pipelines and facilities, Aris charges fees for its cradle-to-grave water management solutions. This approach not only streamlines operations for their clients but also reduces environmental footprints, a critical factor as sustainability becomes increasingly central in energy conversations. Through these integrated services, Aris not only supports its clients in optimizing costs but also creates a compelling value proposition that aligns financial success with environmental stewardship.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 12, 2026
AI Summary
Q4 2025

Financials: Gold revenue of $909 million and adjusted EBITDA of $464 million in 2025, driving adjusted net earnings of $241 million or $1.28 per share — all materially higher year‑over‑year.

Production: 2025 production was 257,000 ounces (up 22% YoY). 2026 guidance is 300,000–350,000 ounces (midpoint >25% growth) and the company expects to reach ~500,000 ounces once Segovia and Marmato are fully ramped.

Operations: Segovia mill expansion completed on time and on budget; Segovia running ~2,600 tpd now with a path to 3,000 tpd by Q4 as underground haulage development is completed.

Growth projects: Marmato CIP plant on track for first gold in Q4 2026 (projected total cost ~$400 million; $220 million budgeted for 2026); Toroparu PFS targeted H2 2026 and Soto Norte environmental license planned for Q2 2026.

Balance sheet: Cash $392 million, net debt $86 million, total leverage ~1x (down two turns vs Q4 2024). Company generated $127 million of free cash flow in 2025.

Key risks/near‑term items: Segovia throughput constrained by underground development (not the mill); Marmato execution and staged ramp remain critical to near‑term production growth.

Key Financials
Gold revenue
$909 million
Adjusted EBITDA
$464 million
Adjusted net earnings
$241 million
Earnings per share
$1.28 per share
Gold production (consolidated)
257,000 ounces
Segovia production
228,000 ounces
Segovia Q4 production
63,137 ounces
Cash balance
$392 million
Free cash flow
$127 million
Operating cash flow after sustaining capital and taxes
$322 million
Growth capital spend (2025)
$196 million
Growth capex breakdown (2025)
$128 million Marmato; $39 million Segovia; $17 million Soto Norte; $12 million Toroparu
Owner mining AISC (Segovia)
$1,534 per ounce
Total AISC (Segovia)
$1,705 per ounce
CMP sales margin
44%
Segovia AISC margin (dollar)
$421 million
Mill feed grade (2025 average)
9.82 grams per tonne
Q4 mill feed grade
10.1 grams per tonne
Recoveries (Segovia)
96%
Throughput (end of Q4 / Q1 run rate)
approximately 2,600 tonnes per day
Marmato spend to end‑2025
$180 million
Marmato 2026 budget
$220 million
Estimated Marmato total project cost
roughly $400 million
Precious metals stream installment received
$40 million
Toroparu PEA capex
$820 million
Soto Norte acquisition
$80 million (remaining 49% interest acquired in Q4 2025)
Proceeds from warrant exercises
$150 million
Proceeds from Juby Gold Project sale
$13 million
Debt service and repayment
$77 million
Cash used for Soto Norte acquisition
$60 million
Net debt
$86 million
Total leverage
1x
Credit ratings
B1 / B+ / B+
Earnings Call Recording
Other Earnings Calls

Management

Mr. William A. Zartler
Founder & Executive Chairman
No Bio Available
Ms. Amanda M. Brock J.D.
President, CEO & Director
No Bio Available
Mr. Stephan E. Tompsett
Chief Financial Officer
No Bio Available
Mr. D. Dylan Van Brunt
Chief Operating Officer
No Bio Available
Mr. Jeffrey K. Hunt
Chief Accounting Officer
No Bio Available
Ms. Lisa Henthorne P.E.
Chief Scientist
No Bio Available
Mr. Robert W. Hunt Jr., J.D.
Chief Legal Officer & Secretary
No Bio Available
Mr. Jon Ricker
Senior Vice President of Operations & Engineering
No Bio Available
Mr. Drew Dixon
Senior Vice President of Land, Legal & Regulatory
No Bio Available
Mr. Nicholas A. Patterson
Chief Commercial Officer
No Bio Available

Contacts

Address
TEXAS
Houston
9811 Katy Freeway, Suite 700
Contacts
+12815013070.0
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