Smart Sand, Inc. Provides Financial Guidance for the Fourth Quarter and Full Year of 2022
November 09, 2022 at 10:00 am EST
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Smart Sand, Inc. provided financial guidance for the fourth quarter and full year of 2022. In terms of guidance for the fourth quarter, the company expects sales volumes to be in the $1 million to $1.2 million range. The sales volumes in the fourth quarter can be impacted by weather and customers managing year-end budgets, leading to completions activity potentially being delayed into 2023 and could result in lower sales volumes sequentially due primarily to timing of completions activity shifting from this year into 2023.
For the full year 2022, the company expects to have record sales volumes for the company.
Smart Sand, Inc. is a fully integrated frac and industrial sand supply and services company. The Company offers complete mine to wellsite proppant supply and logistics solutions to its frac sand customers. The Company produces Northern White sand, which is a sand used as proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells and for a variety of industrial applications. It also offers proppant logistics solutions to its customers through its in-basin transloading terminals and its SmartSystems well-site proppant storage capabilities. Through its SmartSystems wellsite proppant storage solutions, it offers the SmartDepot and SmartDepotXL silo systems, SmartPath transloader, and its rapid deployment trailers. Its SmartDepot silos include passive and active dust suppression technology, along with the capability of a gravity-fed operation. The Companyâs SmartPath transloader is a mobile sand transloading system.
SMART SAND, INC. 
