Smart Sand posts $93.1M revenue and record 1.492M tons sold
SND•Smart Sand reported first-quarter revenue of $93.1 million on record sales volumes of 1.492 million tons, delivering $0.8 million in free cash flow despite a $3.9 million net loss. Year-to-date through May the company returned $5.7 million to shareholders and expects 5–10% volume growth in 2026.
1. First Quarter Financial Results
Smart Sand generated $93.1 million in revenue, recorded a net loss of $3.9 million, and posted an adjusted EBITDA of $3.8 million. The company delivered $3.0 million of operating cash flow, a contribution margin of $13.2 million, and free cash flow of $0.8 million.
2. Operational and Volume Highlights
Tons sold reached a record 1,492,000, marking a 1% sequential increase and a 40% year-over-year rise. Sales activity strengthened in the Appalachian Basins, Bakken, Montney and Duvernay, supported by investments in the Blair, Wisconsin facility and two Ohio terminals, and strong interest in the new SmartSystem design.
3. Capital Returns and Outlook
Through May the company returned $5.7 million to shareholders via buybacks and dividends, maintaining full availability under its $30 million credit facility. Smart Sand expects 5–10% sales volume growth in 2026 and to generate positive free cash flow for the full year.
