Smart Sand
Supplies Northern White frac and industrial sand with mine-to-wellsite logistics.
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Profile
Northern White sand is mined and processed for hydraulic fracturing and industrial customers. Sand sales sit alongside SmartSystems portable wellsite storage and management solutions, tying supply to transloading and delivery.
Produces Northern White sand for hydraulic fracturing and industrial customers. Oil and gas wells use the sand as proppant. Rail-linked logistics support direct delivery from mines to oil and gas wellsites. Mining and processing are paired with transloading, while SmartSystems provides portable wellsite proppant storage and management solutions.
The operating footprint includes mines and processing facilities in Wisconsin and Illinois, plus terminals in North Dakota, Pennsylvania and Ohio. Industrial sand provides an additional outlet alongside frac customers.
The business depends on demand for proppant and associated logistics in oil-and-gas completions.
Company facts
Key statistics
Year to date +29.2% · Average volume (30d) 282.6K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | — | $0.25 | — | — | $115.1M | — | +6.67% |
| May 12, 2026Q1 FY26 | — | −$0.10 | — | — | $93.1M | — | −11.00% |
| Feb 26, 2026Q4 FY25 | −$0.03 | $0.03 | +200.0% | $60.0M | $86.0M | +43.4% | +2.17% |
| Nov 12, 2025Q3 FY25 | −$0.03 | $0.08 | +366.7% | $60.0M | $92.8M | +54.6% | +6.93% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $65.6M | $85.8M | $92.8M | $86.0M | $93.1M | $115.1M | |
| Gross profit | $2.8M | $9.0M | $14.9M | $10.6M | $5.5M | $19.8M | |
| Operating income | −$7.1M | −$77.0K | $5.3M | −$2.4M | −$5.2M | $10.1M | |
| Net income | −$24.2M | $21.4M | $3.0M | $1.2M | −$3.9M | $10.2M | |
| Diluted EPS | −$0.62 | $0.54 | $0.08 | $0.03 | −$0.10 | $0.25 | |
| Gross margin | 4.2% | 10.4% | 16.1% | 12.4% | 5.9% | 17.2% | |
| Operating margin | -10.8% | -0.1% | 5.7% | -2.8% | -5.6% | 8.7% |
Fiscal years (4-quarter sums)FY21 $126.6M · FY22 $255.7M · FY23 $296.0M · FY24 $311.4M · FY25 $330.2M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $10.2M · Total debt $43.4M · Total assets $347.1M · Shareholders' equity $238.1M
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 28, 2026 | Jul 28 | Aug 12 | $0.10 | |
| Apr 22, 2026 | Apr 22 | May 5 | $0.10 | special dividend |
| Dec 2, 2025 | Dec 2 | Dec 16 | $0.05 | special dividend |
| Aug 4, 2025 | Aug 4 | Aug 14 | $0.10 | special dividend |
| Oct 15, 2024 | Oct 15 | Oct 28 | $0.10 | special dividend |
Ownership
Shares outstanding 42.99M · Float 27.10M · 63.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Gendell Jeffrey L | 3.13M | 7.27% | 13F | May 15, 2026 |
| Tontine Asset Associates, LLC | 3.03M | 7.00% | 13G | May 15, 2026 |
| Charles Edwin Young · director, 10 percent owner, officer: CEO | 1.63M | 3.78% | Form 4 | Aug 20, 2026 |
| Vanguard Capital Management LLC | 1.18M | 2.75% | 13F | May 15, 2026 |
| Andrew R. Speaker · director, other: SEE REMARKS | 996.2K | 2.32% | Form 4 | Aug 20, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | James Douglas Young | officer: SEE REMARKS | −2,236 | $4.70 |
| Aug 21, 2026 | James Douglas Young | officer: SEE REMARKS | −19,078 | $4.83 |
| Aug 20, 2026 | James Douglas Young | officer: SEE REMARKS | −25,716 | $4.83 |
| Aug 19, 2026 | James Douglas Young | officer: SEE REMARKS | −11,669 | $4.84 |
| Aug 18, 2026 | James Douglas Young | officer: SEE REMARKS | −16,301 | $4.93 |
Peers
- Atlas Energy Solutions
Frac-sand production and mine-to-wellsite logistics
- ProFrac
Integrated proppant production and hydraulic-fracturing services
- Solaris Energy Infrastructure
Wellsite proppant logistics and silo-based storage systems
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Smart Sand | $5.20 | −0.38% | $223.5M | 20.0 | — | 0.6 | +34.1% |
| Atlas Energy Solutions | $12.85 | −0.04% | $1.61B | — | — | 1.5 | +1.6% |
| ProFrac | $4.99 | −0.20% | $902.8M | — | — | 0.5 | −0.8% |
| Solaris Energy Infrastructure | $49.94 | +0.12% | $3.06B | 58.6 | 58.4 | 4.0 | +46.9% |
| Median | 58.6 | 58.4 | 1.5 | +1.6% |