Smart Sand, Inc. (SND) Form 8-K — Aug 11, 2026
Smart Sand (NASDAQ: SND) posted one of the best quarters in its history: record Q2 2026 revenue of $115.1 million, up 34% year over year, on record tons sold of roughly 1.86 million (+31% YoY), with net income of $10.2 million ($0.26 basic EPS) and Adjusted EBITDA of $18.7 million, more than double the year-ago $7.8 million. Management guided 2026 sales volumes up 10% to 20% versus 2025, expects positive free cash flow for the year, and projected capex of $15-20 million, citing strong demand tied to LNG exports and gas-fired power for AI data centers.
Key figures
- Eps
- 0.26 basic / 0.25 diluted
- Revenue
- 115050000
- Guidance
- 2026 sales volumes expected to increase 10% to 20% vs. 2025; positive free cash flow expected for 2026; full-year 2026 capex projected at $15.0-$20.0 million (excluding acquisitions and potential new terminal investments)
- Net Income
- 10168000
- Revenue Yoy
- +34% (vs. $85.8M in 2Q25)
- Total Assets
- 347062000
- Cash Position
- 10197000
- Q2 buybacks
- $2.5 million (470,088 shares)
- Advisor salary
- $200,000 in 2027, $150,000 per year thereafter through May 31, 2030
- Capex ytd 2026
- $7.0 million
- Free cash flow
- $(1.4) million
- Adjusted ebitda
- $18.7 million (vs. $7.8M in 2Q25)
- Tons sold q2 2026
- 1864000
- Contribution margin
- $27.1 million ($14.54 per ton)
- Operating cash flow
- $3.4 million
- Ytd capital returned
- $12.1 million
- Dividend paid may 2026
- $3.9 million
- Tons sold yoy growth pct
- 31
- Undrawn abl availability
- $30.0 million
- Dividend payment aug 2026
- $4.2 million
- Weighted avg basic shares
- 39260000
- Special dividend per share
- 0.1
- Buyback program authorization
- $20.0 million through April 2, 2028
- Tons sold sequential growth pct
- 25
Price after filing
Close on the filing date to close N calendar days later (from $4.52). Historical, not a forecast.
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