Aris Water Solutions, Inc. (NYSE:ARIS) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET

Company Participants

David Tuerff - Senior Vice President, Finance and Investor Relations

Amanda Brock - President and Chief Executive Officer

Bill Zartler - Founder and Executive Chairman

Stephan Tompsett - Chief Financial Officer

Conference Call Participants

Eli Jossen - JPMorgan

Don Crist - Johnson Rice

Selman Akyol - Stifel

John Daniel - Daniel Energy

Operator

Greetings and welcome to the Aris Water Solutions Q4 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, David Tuerff, Senior Vice President of Finance and Investor Relations. Thank you, David. You may begin.

David Tuerff

Good morning and welcome to the Aris Water Solutions fourth quarter 2023 earnings conference call. I am joined today by our President and CEO, Amanda Brock; our Founder and Executive Chairman, Bill Zartler; and our CFO, Stephan Tompsett.

Before we begin, I’d like to remind you that in this call and the related presentation, we will make forward-looking statements regarding our current beliefs, plans and expectations, which are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties and other factors that could cause actual results to differ materially from results and events contemplated by such forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements. Please refer to the risk factors and other cautionary statements included in our filings made from time-to-time with the Securities and Exchange Commission.

I would also like to point out that our investor presentation and today’s conference call will contain discussion of non-GAAP financial measures, which we believe are useful in evaluating our performance. These supplemental measures should not be considered in isolation or as a substitute for financial measures prepared in accordance with U.S. GAAP. Reconciliations to the most directly comparable GAAP measures are included in our earnings release and the appendix of today’s accompanying presentation.

I’ll now turn the call over to our Founder and Executive Chairman, Bill Zartler.

Bill Zartler

Thank you, David. 2023 was a fantastic year for the Aris business. We focused on fundamental execution, which include profitability, reduced working capital and improved our operational flexibility, while continuing to grow the business. Volumes were up 16% for the year and we recaptured margins, which had been eroded by inflation and cost challenges driven by our rapid growth in late 2022.