SND

EX-99.1

3 a2026q2exhibit991.htm

EX-99.1

Document

Smart Sand, Inc. Announces Second Quarter 2026 Results

•2Q 2026 revenue of $115.1 million

•2Q 2026 net income of $10.2 million

•2Q 2026 cash flow provided by operations of $3.4 million

•2Q 2026 contribution margin $27.1 million

•2Q 2026 Adjusted EBITDA of $18.7 million

•2Q 2026 free cash flow of $(1.4) million

YARDLEY, Pennsylvania, August 11, 2026 – Smart Sand, Inc. (NASDAQ: SND) (the “Company” or “Smart Sand”), a leading supplier of premium Northern White frac sand and industrial sand and a proppant logistics solutions provider, today announced results for the second quarter of 2026.

“The second quarter was one of the best quarters in Smart Sand’s history,” said Charles Young, Smart Sand’s Chief Executive Officer. “We achieved record quarterly sales volumes and revenues and, excluding one-time items, generated record contribution margin and Adjusted EBITDA. While delivering record performance, we maintained a strong cash position and low leverage levels. Including the dividend that will be paid on August 12th, we will have returned approximately $12.1 million of capital to shareholders year to date in 2026 through share repurchases and dividends.”

“Our outstanding operational and financial performance in the first half of 2026 demonstrates the dedication of our employees and the value of the Northern White sand franchise we have built,” Young continued. “We have seen strong demand across the key operating basins we serve, and we expect this demand to continue into the second half of 2026. Expected long-term growth in North American natural gas demand, driven by expanding LNG export capacity and increased gas-fired power generation to support electricity demand from AI data centers, continues to support consistent well completion activity, particularly in the Appalachian Basin in the Northeast United States and Canadian shale basins.”

“Our Industrial Product Solution sales volumes grew sequentially, and we expect to see continued growth in this business segment. Our redesigned SmartSystems fleet also continued to perform well in the quarter,” Young said.

“We expect activity levels to remain strong through the third quarter and potentially into the fourth quarter. Based on our strong first half results and current demand levels, we expect 2026 sales volumes to increase by 10% to 20% compared with 2025 sales volumes. We expect to generate positive free cash flow in 2026.”

Second Quarter 2026 Highlights

In the second quarter of 2026, tons sold totaled approximately 1,864,000, compared to 1,492,000 tons in the first quarter of 2026 and 1,424,000 tons in the second quarter of 2025, reflecting a 25% sequential increase and a 31% year-over-year increase.

Revenues in the second quarter of 2026 were $115.1 million, compared to $93.1 million in the first quarter of 2026 and $85.8 million in the second quarter of 2025. The increase in revenue sequentially and year over year was primarily driven by higher sales volumes and higher average selling prices.

Cost of goods sold increased to $95.2 million for the second quarter of 2026, up from $87.0 million for the first quarter of 2026 and $76.8 million for the second quarter of 2025. The increase sequentially was primarily due to an increase in freight and transload costs due to higher sales volumes. While higher sales volumes led to overall increased freight costs, we experienced an increase in volumes sold through Smart Sand controlled terminals that allowed us to have more cost efficient logistics costs per ton sold than selling through third party terminals. The

increase over the prior year period was primarily due to higher sales volumes and the related increase in mining, production and freight costs.

Gross profit for the second quarter of 2026 was $19.8 million compared to $6.1 million in the first quarter of 2026 and $9.0 million in the second quarter of 2025. Gross profit increased sequentially and year over year primarily due to increased sales volumes and slightly higher pricing, which was partially offset by an increase in cost of goods sold.

Operating expenses for the second quarter of 2026 were $9.8 million, down from $11.0 million for the first quarter of 2026 and up from $9.0 million for the second quarter of 2025. Operating expenses were lower in the second quarter of 2026 compared to the first quarter of 2026 primarily due to decreased wages and benefits. Operating expenses increased from the second quarter of 2025 primarily due to increased royalties associated with higher sales volumes.

Total other income for the second quarter of 2026 was $0.2 million, up from total other expenses in the first quarter of 2026 of $0.2 million and second quarter of 2025 of $0.3 million.

Total interest expense for the second quarter of 2026 was $0.3 million, consistent with interest expense in the first quarter of 2026 and second quarter of 2025.

In the second quarter of 2026, the Company recorded a

EX-99.1

2 a2026q1exhibit991.htm

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Document

Smart Sand, Inc. Announces First Quarter 2026 Results

•1Q 2026 revenue of $93.1 million

•1Q 2026 net loss of $(3.9) million

•1Q 2026 cash flow provided by operations of $3.0 million

•1Q 2026 contribution margin $13.2 million

•1Q 2026 Adjusted EBITDA of $3.8 million

•1Q 2026 free cash flow of $0.8 million

YARDLEY, Pennsylvania, May 12, 2026 – Smart Sand, Inc. (NASDAQ: SND) (the “Company” or “Smart Sand”), a leading supplier of premium Northern White frac sand and industrial sand and a proppant logistics solutions provider, today announced results for the first quarter of 2026.

“Smart Sand delivered another strong quarter of operating and financial performance,” said Charles Young, Smart Sand’s Chief Executive Officer. “The first quarter was our fourth consecutive quarter with more than 1.4 million tons of sand sold, and we set a quarterly sales-volume record at just under 1.5 million tons. During the quarter, we generated positive free cash flow, and year to date through today we have returned approximately $5.7 million to shareholders through stock repurchases and dividends. During the quarter, we saw increasing sales activity in the Appalachian Basins and consistent activity in the Bakken Formation and the Montney and Duvernay shales in Canada.”

“We remain focused on being the premier provider of Northern White sand in North America,” Young continued. “Our strategic investments in our Blair, Wisconsin facility and our two terminals in Ohio are key drivers of increasing sales activity in the Utica Shale and across Canadian basins. We have positioned Smart Sand to benefit from expected long-term growth in North American natural gas demand driven by expanding LNG export capacity and increasing gas-fired power generation to support AI data center electricity needs.”

“We continue to expand our Industrial Products Solutions business, primarily through our Ottawa, Illinois facility. Industrial sales volumes in the first quarter of 2026 were consistent with the fourth quarter of 2025, and we currently expect industrial sales volumes to increase year over year,” Young said.

“In the first quarter, we successfully put our new SmartSystem design to work in the field. We believe the reconfigured design enables us to more efficiently and cost effectively meet the growing market demand for higher daily sand volumes used in oil and gas well completions. We are seeing strong customer interest in the new SmartSystem configuration. However, consistent with our focus on capital discipline, we want to see customer commitments for new systems before making incremental investments in additional SmartSystem fleets.”

“Smart Sand is committed to growing our leading Northern White sand franchise while continuing to return capital to shareholders.” said Charles Young. “We will remain true to our core operating principles of maintaining strong liquidity, prudent debt levels and positive annual cash flow. Our liquidity position is strong, with healthy cash balances and full availability under our $30 million credit facility. We expect to generate positive free cash flow in 2026, with sales volume growth in the 5% to 10% range over 2025 tons sold.”

First Quarter 2026 Highlights

In the first quarter of 2026, tons sold totaled approximately 1,492,000, compared to 1,478,000 tons in the fourth quarter of 2025 and 1,069,000 tons in the first quarter of 2025, reflecting a 1% sequential increase and a 40% year-over-year increase.

Revenues in the first quarter of 2026 were $93.1 million, compared to $86.0 million in the fourth quarter of 2025 and $65.6 million in the first quarter of 2025. The increase in revenue sequentially and year over year was primarily driven by higher sales volumes and higher average selling prices.

Cost of goods sold increased to $87.0 million for the first quarter of 2026, up from $74.8 million for the fourth quarter of 2025 and $62.8 million for the first quarter of 2025. The increase sequentially was primarily due to higher production and freight costs on similar volumes. The higher production costs, compared to the previous quarter, were primarily driven by increased drawdown and expensing of inventory to meet sales volumes levels for the first quarter 2026. The higher freight expense, compared to the fourth quarter 2025, was due primarily to the location mix of sand sales. The increase over the prior year period was primarily due to an increase in sales volumes.

Gross profit for the first quarter of 2026 was $6.1 million compared to $11.2 million in the fourth quarter of 2025 and $2.8 million in the first quarter of 2025. Gross profit decreased sequentially due to higher production and freight costs and increased over the prior year period due to the increase in sales volumes.

Operating expenses for the first quarter of 2026 were $11.0 million, down from $13.9 million for the fourth quarter of 2025 and up from $9.8 million for the first quarter of

snd-20260226FALSE000152962800015296282026-02-262026-02-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2026

SMART SAND, INC.

(Exact name of registrant as specified in its charter)

Delaware001-3793645-2809926 (State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

1000 Floral Vale Boulevard, Suite 225 Yardley, Pennsylvania 19067 (Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (281) 231-2660 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of each exchange on which registered Common Stock, $0.001 par valueSNDNASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On February 26, 2026, Smart Sand, Inc. (the "Company") issued a press release providing information regarding earnings for the fourth quarter and full year ended December 31, 2025 along with the Company's recently approved New Repurchase Program (as defined below). A copy of the press release is attached hereto as Exhibit 99.1. The information, including Exhibit 99.1, in this Form 8-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information in this Form 8-K shall not be incorporated by reference into any filing under the Securities Act of 1933, except as shall otherwise be expressly set forth by specific reference in such filing. Item 7.01. Regulation FD Disclosure. The disclosure set forth above in Item 2.02 of this Current Report on Form 8-K is incorporated by reference into this Item 7.01. Item 8.01. Other Events.

On February 23, 2026, the Board of Directors of the Company approved a two-year share repurchase program under which the Company may purchase up to $20.0 million of its ordinary shares (the “New Repurchase Program”). The New Repurchase Program will take effect on April 4, 2026 after the expiration of the Company's current share repurchase program. Pursuant to the New Repurchase Program, the Company may repurchase its ordinary shares from time to time, in amounts, at prices and at such times as it deems appropriate, subject to market conditions and other considerations. The Company may make repurchases in the open market, privately negotiated transactions, accelerated repurchase programs or structured share repurchase programs. The New Repurchase Program will be conducted in compliance with applicable legal requirements and shall be subject to market conditions and other factors. The New Repurchase Program does not obligate the Company to acquire any particular amount of ordinary shares, and the New Repurchase Program may be modified or suspended at any time at the Company’s discretion. Item 9.01 Financial Statements and Exhibits. (d)    Exhibits. The following exhibit is furnished herewith:

Exhibit NumberDescription

99.1Smart Sand, Inc. press release dated February 26, 2026

104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SMART SAND, INC.

Dated: February 26, 2026By:/s/ Lee E. Beckelman Lee E. Beckelman Chief Financial Officer