Aris Water Solutions reports Q3 EPS 2c, consensus 21c

Reports Q3 revenue $90.78M, consensus $82.19M. "In the third quarter, we continued to perform, growing our volumes and providing reliable, sustainable water solutions for our customers," stated Amanda Brock, Chief Executive Officer of Aris. "We continue to benefit from our long-term contracts with leading operators who are committed to the Permian Basin. Our significant existing infrastructure overlays some of the lowest breakeven rock in the Permian Basin supporting our customers as they prioritize investments in our contracted acreage. Alongside our growth, we are focused on optimizing our operations while identifying additional efficiencies to improve our operating margins and offset the impact of recent extraordinary inflationary pressures. We are also very encouraged by our recent strategic agreement with ConocoPhillips and Chevron as well as the acquisition of technology and assets from Water Standard. These key transactions further demonstrate our leadership and commitment to beneficial reuse."