Smart Sand, Inc. entered into Amendment No. 2 to its Credit Agreement with First-Citizens Bank & Trust Company on September 1, 2026. The amendment increases the total revolving commitments under the existing $30 million five-year senior secured asset-based credit facility by $20 million, raising aggregate commitments to $50 million and extending the maturity date to September 1, 2031. The additional capacity is supported by a $20 million sublimit tied to the value of the company's Oakdale, Wisconsin facility, subject to a minimum excess liquidity test when utilized. The agreement includes a negative pledge on the Oakdale real property and adjusts fixed charge coverage ratio calculations to deduct $20 million of unfinanced capital expenditures. Smart Sand, Inc. operates in the oilfield services industry, providing proppant supply and logistics solutions.

Smart Sand reported second quarter 2026 revenue of $115.1 million and net income of $10.2 million, or $0.26 per diluted share, driven by a 31% year-over-year increase in sales volumes to approximately 1.86 million tons. The company also announced the departure of Chief Financial Officer Lee Beckelman, effective January 1, 2027, and appointed James Young as his successor. Mr. Beckelman will remain with the company through May 31, 2030, as an advisor to the CFO under a new employment agreement with an annual salary of $200,000 in 2027. Smart Sand operates in the energy services industry, providing premium Northern White frac sand and industrial sand along with proppant logistics solutions.

Smart Sand, Inc. declared a special cash dividend of $0.10 per share of common stock, payable on August 12, 2026, to stockholders of record as of July 28, 2026. The company has returned approximately $12 million to stockholders year to date in 2026 through dividends and share repurchases. Smart Sand is a fully integrated frac and industrial sand supply and services company providing proppant and logistics solutions for oil and gas recovery and industrial applications.

Smart Sand, Inc. stockholders' 2026 Annual Meeting held on June 2, 2026, approved the 2026 Equity Incentive Plan and the 2026 Employee Stock Purchase Plan (ESPP). The 2026 Plan permits the Board to grant various stock-based awards, with a 2,400,000 share maximum available for issuance, plus additional shares from the 2016 Plan. The ESPP allows eligible employees to purchase stock at a discount, reserving 3,000,000 shares for issuance under the ESPin.