Aris Water Solutions, Inc. reported strong financial and operating results for the fourth quarter and full year ended December 31, 2024. For the full year, net income increased by 39% to $60.2 million, and Adjusted EBITDA grew 21% to $211.9 million, with Adjusted Operating Margins reaching $0.45 per barrel. The company generated $73 million in free cash flow for 2024, a significant improvement from a negative free cash flow in 2023.
In a move to increase shareholder returns, the Board of Directors approved a 33% increase to the quarterly dividend, raising it to $0.14 per share for the first quarter of 2025. This dividend is payable on March 27, 2025. The company also provided a positive outlook for 2025, projecting Adjusted EBITDA between $215 million and $235 million and free cash flow between $75 million and $95 million.
A key strategic development was the acquisition of the 45,000-acre McNeill Ranch in Q4 2024 for $45.0 million. This acquisition provides significant long-term operational advantages, including 11 permits for 330,000 barrels of permitted disposal capacity, which is expected to reduce landowner royalties and offer future surface income opportunities. Additionally, Aris expanded into the industrial water treatment market by acquiring assets, intellectual property, and an experienced team from Crosstek Membrane Technology LLC in February 2025.
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