Smart Sand reported third-quarter 2026 revenue of $112.3 million, a slight decrease from the prior quarter but up 21% year-over-year, driven by higher average selling prices offsetting a 4% decline in sales volumes to approximately 1.78 million tons. Net income was $8.4 million, or $0.21 per diluted share, compared to $3.0 million in the same period last year. The company generated $21.1 million in operating cash flow and $17.3 million in free cash flow during the quarter. Additionally, Smart Sand announced a special dividend of $0.05 per share payable on November 30, 2026, to shareholders of record as of November 18, 2026. The company expects full-year 2026 sales volumes to increase by 20% to 30% compared with 2025 levels and anticipates positive free cash flow for the year. Smart Sand is a fully integrated supplier of premium Northern White frac sand and industrial sand, providing mine-to-wellsite proppant and logistics solutions.
