Delaware Energy LLC recently sold 3,223,670 shares of Aris Water Solutions, Inc. (NYSE:ARIS) at $18.42 per share, totaling about $59.38 million. The stock has surged by 214% year-to-date and is currently trading at $25.26. Aris, with a market capitalization of $1.5 billion, has been rated as having GREAT financial health by InvestingPro. Despite the stock’s recent appreciation, InvestingPro suggests that it is slightly undervalued, with in-depth analysis available in the Pro Research Report.
Aris Water Solutions also reported strong third-quarter earnings for 2024, with a 2% sequential and 6% year-over-year growth in produced water volumes. Adjusted EBITDA for the quarter reached $54.3 million, a 21% increase from the previous year. The company raised its 2024 adjusted EBITDA guidance to between $208 and $212 million and declared a fourth-quarter dividend of $0.105 per share. Aris anticipates mid-single-digit growth in produced water volumes for 2025 and is focusing on operational efficiency and growth initiatives, including exploring cost reduction opportunities and potential mineral extraction projects. Share repurchase programs are currently on hold due to limited float, and minimal increases in dividend growth are expected in the near future.
Source
Photo credit www.investing.com