Smart Sand Inc (NASDAQ:SND) Reports Mixed Q2 2025 Results with Revenue Beat and EPS Miss, Shares Surge 10.5% in After-Hours Trading

Smart Sand Inc (NASDAQ:SND) reported mixed second-quarter 2025 results, with revenue surpassing analyst expectations while earnings per share (EPS) fell short. The market reaction has been notably positive in after-hours trading, with shares rising approximately 10.5%, suggesting investor optimism despite the earnings miss.

Key Financial Highlights

• Revenue: The company reported $85.77 million in Q2 2025 sales, significantly exceeding the consensus estimate of $76.76 million. This represents a strong rebound in demand for its Northern White frac sand and logistics solutions.
• Earnings Per Share (EPS): Smart Sand posted a loss of $0.01 per share, missing analyst expectations of a $0.07 profit. The negative EPS suggests higher operational costs or other financial pressures despite the revenue beat.
• Market Reaction: The stock surged in after-hours trading, indicating that investors may be focusing on the revenue outperformance and potential future growth rather than the short-term earnings miss. Over the past month, shares had declined nearly 8%, making this earnings release a potential inflection point.

Analyst Estimates vs. Reported Results

| Metric | Reported Q2 2025 | Analyst Estimate | Variance | |----------------------|------------------|------------------|----------| | Revenue (Sales) | $85.77M | $76.76M | +11.7% | | Earnings Per Share | -$0.01 | +$0.07 | Miss |

Forward-Looking Estimates

Analysts project Q3 2025 revenue at $80.8 million, slightly below the Q2 reported figure, while full-year 2025 sales are estimated at $301.79 million. The company did not provide an official outlook in the press release, leaving investors to rely on external forecasts.

Press Release Summary

The earnings announcement highlighted Smart Sand’s role as a key supplier of premium Northern White frac sand and proppant logistics solutions. While no specific guidance was given, the revenue outperformance suggests resilience in the energy sector’s demand for sand used in hydraulic fracturing.

For a deeper dive into Smart Sand’s earnings and future estimates, review the full earnings breakdown here.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before making any decisions.