Aris Water Solutions, Inc. announced its financial and operating results for the first quarter ended March 31, 2025, demonstrating continued positive momentum. The company reported total revenue of $120.5 million, an increase of 16.5% year-over-year, and Adjusted EBITDA of $56.5 million, up 6% from the prior year. Produced Water Handling volumes increased by 3% year-over-year to 1,191 thousand barrels per day, while Water Solutions volumes surged by 54% to 559 thousand barrels per day.
The company successfully refinanced its senior notes due in 2026 during the quarter, issuing $500 million of 7.25% Senior Notes due 2030. This refinancing contributed to Moody's upgrading Aris Water Holdings, LLC's Corporate Family Rating to 'B1' from 'B2,' recognizing the company's strengthening credit profile. Aris maintained a strong balance sheet with a leverage ratio of 2.2X, remaining below its target range.
For the second quarter of 2025, Aris anticipates Adjusted EBITDA to be impacted by approximately $2 million of well maintenance expenses deferred from Q1 and lower skim oil price realizations. Despite these near-term factors, the company reaffirmed its full-year 2025 volume, Adjusted EBITDA, and capital expenditure outlook, indicating confidence in its operational resilience.
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