Smart Sand, Inc. Provides Earnings Guidance for the Second Quarter of 2022
May 12, 2022 at 01:35 am IST
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Smart Sand, Inc. provided earnings guidance for the second quarter of 2022. The Company currently expects sales volumes to be up at least 25% in the second quarter from first quarter levels. Revenue, net loss, improved compared to fourth quarter 2021 results and the company expects this trend to continue.
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. 
