Smart Sand Inc (SND)
NASDAQEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
$5.32-0.56%
Close 2026-09-04 · 1-day change
NASDAQEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · SND
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Increase sales volumes by 5% to 10% over 2025 levels, focusing on Northern White sand and expanding market presence.
Stated as a priority in 3 of last 3 quarters. Management guided 2026 sales volumes to increase by 10% to 20% compared with 2025, with prior quarters expecting 5% to 10% growth. Actual quarterly revenues rose from $65.6M in 2025-Q1 to $93.1M in 2026-Q1, reflecting volume and price growth. The trajectory is delivering consistent volume growth aligned with management's stated targets.
“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, with sales volume growth in the 5% to 10% range over 2025 tons sold.”
“We currently expect to be free cash flow positive in 2026 with sales volumes growth in the five to ten percent range.”
Continue returning capital through dividends and share repurchase programs to enhance shareholder value.
Stated as a priority in 3 of last 3 quarters. Management returned about $5.7M in Q1 2026 and $12M year-to-date through dividends and buybacks, including two special dividends of $0.10 per share. The company executed share repurchases and dividend payments consistently, delivering on capital return commitments.
“Returned approximately $5.7 million to shareholders through stock repurchases and dividends in 2026-Q1.”
“Board declared a special dividend of $0.10 per share payable August 12, 2026.”
“Board declared a special dividend of $0.10 per share payable May 5, 2026.”
Manage capital expenditures within a disciplined range of $15 million to $20 million for 2026 to support growth while controlling costs.
Stated as a priority in 3 of last 3 quarters. Management guided 2026 capex between $15M and $20M, up slightly from 2025's $13M to $17M range. Actual quarterly capex was $2.2M in 2026-Q1 and $2.0M in 2025-Q4, consistent with disciplined spending. The trajectory shows management maintaining capex discipline as stated.
“The Company currently projects full year 2026 capital expenditures to range between $15.0 million and $20.0 million.”
“The Company currently projects full year 2026 capital expenditures to range between $15.0 million and $20.0 million.”
“We currently project full year 2025 capital expenditures to range between $13.0 million and $17.0 million.”
Generate positive free cash flow for the full year 2026 through operational efficiency and volume growth.
Stated as a priority in 3 of last 3 quarters. Management expects positive free cash flow in 2026. Actual free cash flow was $0.8M in 2026-Q1, down from $18.2M in 2025-Q3 but improved from negative in 2025-Q2. The trajectory shows progress toward positive free cash flow but with mixed quarterly results so far.
“We expect to generate positive free cash flow in 2026.”
“Anticipates being free cash flow positive for 2026.”
“We anticipate being free cash flow positive for 2025.”
Implement the new $20 million share repurchase program approved in early 2026 to return capital and manage share count.
Stated as a priority in 3 of last 3 quarters. Management approved a $20 million share repurchase program effective April 2026, following completion of a prior $10 million program. The company repurchased 343,998 shares for $1.4 million in 2026-Q1, showing initial execution consistent with stated plans.
“Repurchased 343,998 shares for $1.4 million under share repurchase program in 2026-Q1.”
“Board approved a $20 million share repurchase program effective April 3, 2026.”
“Prior $10 million repurchase program completed April 2, 2026.”
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Energy names rated weak grew net income 60% of the time over the next year (vs 55% for the rest of the cohort, n=1735).
Over the trailing year it converted -0.16x of net income into operating cash flow.
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates (low R² over the window).
16 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Energy names rated neutral grew net income 58% of the time over the next year (vs 56% for the rest of the cohort, n=807).
Not investment advice. As of 2026-09-04.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.