Why These Energy Stocks are Gaining This Week

4. Smart Sand, Inc. (NASDAQ:SND)

Share Price Gains Between Nov 14 – Nov 21: 10.8%

Smart Sand, Inc. (NASDAQ:SND) provides mine-to-wellsite proppant supply and logistics solutions to frac sand customers.

Smart Sand, Inc. (NASDAQ:SND) climbed to a 3-year high after announcing results for its third quarter on November 12, with sales volumes, contribution margin, adjusted EBITDA, and free cash flow all growing from the previous quarter. Net income for the quarter came in at $3 million, against a net loss of $0.1 million in Q3 2024. The impressive performance is attributed to the company’s expansion into new markets and higher sales volumes across North America.

Smart Sand, Inc. (NASDAQ:SND) generated a robust free cash flow of $14.8 million in Q3 and rewarded its shareholders by announcing a special dividend of $0.05 per share on November 18. The dividend is payable on December 16, 2025, to shareholders as of the December 2 record date.

Charles Young, CEO of Smart Sand, Inc. (NASDAQ:SND), stated in the company’s Q3 earnings call:

“Our commitment to opening up new markets for our high quality Northern White sand continued to deliver strong results. In the third quarter, we had record sales volumes into Canada, we continued to broaden our customer base in Industrial Product Solutions and we expanded our presence in the Utica shale through our Ohio terminals. Additionally, we had strong sand sales in our traditional markets of the Marcellus and the Bakken.

Despite continued short term market volatility impacting oil and natural gas prices, we continue to see consistent activity in the primary markets we serve. We believe the long-term fundamentals for natural gas are strong. Smart Sand is well positioned to take advantage of the increasing need for increasing natural gas production to support growing LNG export capacity in both the United States and Canada as well as the continued need for increased electric power to support growing AI demand. We have one of the largest reserve bases of fine mesh Northern White sand in North America supported by one of the most extensive sand logistics networks that can deliver sand efficiently and cost effectively to all shale operating basins in North America.”