Smart Sand, Inc., a fully integrated frac and industrial sand supply and services company, provides mine to wellsite proppant supply and logistics solutions to its frac sand customers in the United States and Canada. The company operates in two segments, Sand and SmartSystems. The Sand segment offers frac sand and industrial products solutions. The SmartSystems segment rents its patented SmartSystems equipment and offers related services, as well as provides portable wellsite storage and management solutions. The company engages in the excavation, processing, and sale of sand or proppant for use in hydraulic fracturing operations. The company markets its products and services to oil and natural gas exploration and production companies, oilfield service companies, and diversified industrial and commercial customers. Smart Sand, Inc. was incorporated in 2011 and is headquartered in Yardley, Pennsylvania.
Smart Sand, Inc. Announces Second Quarter 2026 Results
Smart Sand reported its best quarter in company history with Q2 revenue of $115.1 million, a 34% increase year-over-year, fueled by record sales volumes of 1.86 million tons.
Net income reached $10.2 million, or $0.26 per share, while Adjusted EBITDA hit a record $18.7 million, reflecting strong operational leverage and demand in key basins.
The company returned $12.1 million to shareholders year-to-date and authorized a new $20 million share repurchase program, signaling confidence in cash generation.
Management announced a leadership transition effective January 2027, with CFO Lee Beckelman moving to an advisory role and General Counsel James Young succeeding him.