Aris Water Solutions, Inc. (NYSE:ARIS) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET

Company Participants

David Tuerff – Senior Vice President-Finance and Investor Relations
Bill Zartler – Founder and Executive Chairman
Amanda Brock – President and Chief Executive Officer
Stephan Tompsett – Chief Financial Officer

Conference Call Participants

John Mackay – Goldman Sachs
Jeffrey Campbell – Seaport Research Partners
Wade Suki – Capital One
Praneeth Satish – Wells Fargo
Noah Katz – JPMorgan
Charles Bryant – Citi
Sean Mitchell – Daniel Energy Partners

Operator

Ladies and gentlemen, good morning and welcome to the Aris Water Solutions Third Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, David Tuerff, SVP Finance and Investor Relations. Please go ahead.

David Tuerff

Good morning, and welcome to the Aris Water Solutions third quarter 2024 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. Aris continued its strong 2024 with an excellent third quarter. We saw steady growth in produced water volumes and increased completions activity driving further demand for our recycled water. Our ongoing operational improvements delivered consistently strong margins and as forecasted, our third quarter capital expenditures were down significantly following the completion of our first-half weighted capital program.