Aris Water Solutions (ARIS) Raises Quarterly Dividend 16.7% to $0.105; 2.7% Yield
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Aris Water Solutions, Inc. Reports First Quarter 2024 Results, Announces 17% Increase to Quarterly Dividend
May 7, 2024 4:10 PM EDTHOUSTON--(BUSINESS WIRE)-- Aris Water Solutions, Inc. (NYSE: ARIS) (Aris, Aris Water or the Company) today announced financial and operating results for the first quarter ended March 31, 2024.
FIRST QUARTER 2024 HIGHLIGHTS
Increased produced water volumes 6% quarter-over-quarter and 19% versus the first quarter of 2023 Grew recycled produced water volumes 31% versus the first quarter of 2023 Achieved first quarter 2024 net income of $16.8 million, a 29% increase sequentially Generated Adjusted EBITDA1 of $53.1 million for the first quarter, up 8% sequentially and up 39% versus the first quarter of 2023 Improved... More