Smart Sand AI Stock Analysis
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Smart Sand (SND) AI Stock Analysis
Smart Sand
(NASDAQ:SND)
The score is driven primarily by improved fundamentals—solid TTM free cash flow, low leverage, and a recovery in earnings—supported by shareholder-friendly capital returns and liquidity actions. These positives are partially offset by very weak technical momentum (below major moving averages with negative MACD and RSI in oversold territory) and the company’s thin margins and historical cyclicality.
Smart Sand (SND) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $190.37M
- Dividend Yield
- 7.80%
- Average Volume (3M)
- 246.64K
- Price to Earnings (P/E)
- 11.2
- Beta (1Y)
- 0.15
- Revenue Growth
- 21.17%
- EPS Growth
- 298.52%
- Country
- US
- Employees
- 318
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Equipment & Services
Smart Sand Business Overview & Revenue Model
Company Description
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 segme...
How the Company Makes Money
Smart Sand makes money primarily by selling processed frac sand (proppant) used in hydraulic fracturing operations. Its core revenue stream is the sale of sand volumes (typically priced per ton) to customers in the upstream oil and gas sector—commonl...
Smart Sand Earnings Call Summary
The earnings call presented a mixed outlook. Positive aspects included a focus on free cash flow, shareholder returns, and strategic growth initiatives. However, challenges such as decreased sales volumes and revenue, alongside lower contribution margins and EBITDA, highlighted operational pressures. The company remains optimistic about future demand and pricing improvements, particularly in natural gas markets.
Q3-2024 Updates
Positive Updates
Negative Updates
Company Guidance
During Smart Sand's Q3 2024 earnings call, the company provided several financial metrics and guidance reflecting its performance and strategic initiatives. The company reported sales volumes of just under 1.2 million tons and an adjusted EBITDA of $5.7 million for the quarter. Positive free cash flow was reported at $3.7 million, contributing to a year-to-date free cash flow of $11.7 million. Despite a 7% decrease from the previous quarter, total revenues were $63.2 million, with a contribution margin of $13.2 million or $11.09 per ton sold. Smart Sand also highlighted a decrease in capital expenditures, down to $5.1 million year-to-date compared to $16.1 million in 2023, and anticipated total capital expenditures to remain under $10 million for 2024. The company announced a share buyback plan of up to $10 million and recently paid a special dividend of $0.10 per share, demonstrating a commitment to returning capital to shareholders. Looking forward, Smart Sand expects a pickup in activity, especially in natural gas markets, and anticipates continued demand for Northern White Sand. They foresee fourth-quarter sand sales volumes ranging from 1.1 to 1.4 million tons and anticipate positive free cash flow for the year despite increased capital expenditures in the fourth quarter.
Smart Sand Financial Statement Overview
Summary
Financials show a meaningful cyclical recovery: revenue has scaled materially (to $406.5M TTM) and profitability has turned positive (TTM net income $15.8M; EBITDA $36.0M). Balance sheet leverage is modest (debt-to-equity ~0.18), and cash generation is a standout with $50.0M operating cash flow and $37.1M free cash flow TTM. Offsetting factors are thin margins (TTM net margin ~3.9%), only moderate ROE (~4.4%), and a history of earnings volatility.
Income Statement
70PositiveBalance Sheet
78PositiveCash Flow
82Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 406.50M | 330.15M | 311.37M | 295.97M | 255.74M | 126.65M |
| Gross Profit | 55.19M | 35.50M | 44.82M | 41.55M | 29.59M | -15.91M |
| EBITDA | 35.97M | 25.94M | 31.75M | 27.29M | 24.98M | -31.61M |
| Net Income | 15.84M | 1.34M | 2.99M | 4.65M | -703.00K | -50.67M |
Balance Sheet | ||||||
| Total Assets | 353.11M | 340.01M | 341.55M | 346.30M | 360.00M | 374.02M |
| Cash, Cash Equivalents and Short-Term Investments | 21.66M | 22.55M | 1.55M | 6.07M | 5.51M | 25.59M |
| Total Debt | 36.11M | 36.18M | 37.22M | 43.75M | 44.54M | 55.20M |
| Total Liabilities | 110.33M | 100.32M | 97.74M | 104.03M | 116.53M | 132.86M |
| Stockholders Equity | 242.78M | 239.70M | 243.81M | 242.27M | 243.47M | 241.16M |
Cash Flow | ||||||
| Free Cash Flow | 37.14M | 32.52M | 10.85M | 7.96M | -7.31M | 21.22M |
| Operating Cash Flow | 49.95M | 44.12M | 17.86M | 30.99M | 5.42M | 32.44M |
| Investing Cash Flow | -12.81M | -10.86M | -6.92M | -22.90M | -18.21M | -11.14M |
| Financing Cash Flow | -20.56M | -12.26M | -15.46M | -7.53M | -7.29M | -7.43M |
Smart Sand Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SND, the sentiment is Neutral. The current price of 4.49 is below the 20-day moving average (MA) of 4.67, below the 50-day MA of 5.01, and below the 200-day MA of 4.79, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 46.22 is Neutral, neither overbought nor oversold. The STOCH value of 43.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SND.
Smart Sand Risk Analysis
Smart Sand disclosed 55 risk factors in its most recent earnings report. Smart Sand reported the most risks in the "Production" category.
- Finance & Corporate13
- Tech & Innovation4
- Legal & Regulatory10
- Production15
- Ability to Sell8
- Macro & Political5
Latest Risks Added
3 New RisksSmart Sand Peers Comparison
Overall Rating
- SND71Outperform
HAL66Neutral
WTTR63Neutral
PUMP47Neutral
AESI46Neutral
ACDC37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SND | 71Outperform | $172.56M | 11.22 | 6.64% | 7.80% | 21.17% | 298.52% |
| HAL | 66Neutral | $26.35B | 13.78 | 18.46% | 2.06% | 1.53% | 58.46% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| WTTR | 63Neutral | $1.97B | 40.05 | 5.06% | 1.73% | 7.84% | 107.18% |
| PUMP | 47Neutral | $840.38M | 362.12 | 0.21% | ― | -6.04% | ― |
| AESI | 46Neutral | $671.38M | -4.98 | -12.24% | ― | -3.69% | -1070.74% |
| ACDC | 37Underperform | $642.89M | -1.49 | -59.53% | ― | -3.30% | -5.43% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SND | Smart Sand Inc | 4.49 | 2.16 | 92.46% | |
| HAL | Halliburton Company | 32.93 | 6.45 | 24.34% | |
| PUMP | Propetro Holding | 7.17 | -2.54 | -26.16% | |
| WTTR | Select Energy Services | 16.21 | 6.24 | 62.65% | |
| ACDC | Profrac Holding Corp. Class A | 3.43 | -0.27 | -7.30% | |
| AESI | Atlas Energy Solutions, Inc. | 5.58 | -3.31 | -37.23% |
Smart Sand Corporate Events
Smart Sand Declares Special Dividend, Expands Capital Return Program
PositiveOn November 5, 2026, Smart Sand’s board declared a special cash dividend of $0.05 per share, payable November 30, 2026, to stockholders of record on November 18, 2026. Including the dividend, the company said it had returned approximately $14 million...
Smart Sand Expands Credit Facility and Extends Maturity
PositiveSmart Sand, Inc. disclosed that it entered into a $30 million five-year senior secured asset-based credit facility on September 3, 2024, with First-Citizens Bank & Trust Company as agent and lender, establishing a revolving structure backed by the co...
Smart Sand Announces CFO Transition and Governance Changes
PositiveSmart Sand reported that the second quarter of 2026 was among the strongest in its history, with tons sold rising 25% sequentially and 31% year over year to about 1.86 million, driving revenue to $115.1 million and net income to $10.2 million. Gross...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 11, 2026