A maker of "Northern White" sand — a nearly pure quartz proppant used in hydraulic fracturing to hold open cracks in oil and gas wells — Smart Sand mines and processes it in Wisconsin and Illinois and ships it to well sites. Founded in 2011 and based in Yardley, Pennsylvania, the company was built to solve a supply-chain headache: getting high-quality frac sand to wellheads. The sand's name comes from where it's found — mined up north and naturally white because it's almost pure silica.
Smart Sand appoints James Young as CFO, Lee Beckelman to advisor role effective Jan 1, 2027
Lee Beckelman will cease serving as CFO effective January 1, 2027, and will become a full-time advisor to the CFO through May 31, 2030 under an Employment Agreement dated August 10, 2026.
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James Young, currently EVP, General Counsel and Secretary, will succeed Beckelman as CFO effective January 1, 2027; his compensation terms are not yet determined.
Under the Employment Agreement, Beckelman will receive an annual salary of $200,000 in 2027 and $150,000 each year thereafter, prorated for partial years, plus eligibility for annual discretionary bonus and employee benefits.
Beckelman's outstanding restricted stock awards will continue to vest per original terms, with accelerated vesting of the year's portion upon death, disability, or termination without cause; he will receive 12 months of continued base salary and benefits if terminated without cause.
Beckelman is subject to 12-month non-compete and non-solicitation restrictions following termination for any reason.
2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Smart Sand stockholders approve 2026 Equity Incentive Plan and Employee Stock Purchase Plan
The 2026 Plan authorizes up to 2,400,000 new shares plus shares remaining or forfeited under the 2016 Plan.
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On June 2, 2026, stockholders approved the Smart Sand, Inc. 2026 Equity Incentive Plan, replacing the 2016 Omnibus Incentive Plan.
Stockholders also approved the 2026 Employee Stock Purchase Plan, reserving 3,000,000 shares for issuance.
Sharon Spurlin and Timothy J. Pawlenty were elected as Class I directors for three-year terms.
Stockholders ratified Grant Thornton LLP as independent auditor and approved executive compensation on an advisory basis.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Smart Sand adopts 10b5-1 trading plan to repurchase up to $2.5 million of its common stock.
On May 15, 2026, Smart Sand, Inc. entered into a written trading plan under Rule 10b5-1 of the Exchange Act.
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The plan permits purchases of up to $2.5 million of shares, including commissions, with daily purchases limited to the maximum daily target volume under Rule 10b18.
Trades under the plan will not begin before June 1, 2026, and will end upon the earlier of full use of the $2.5 million or the close of business on August 10, 2026.
The plan is in connection with previously announced share repurchase programs described in the company's 2025 Form 10-K and a Form 8-K, both filed on February 26, 2026.
The company is not obligated to purchase a specific number of shares, and a broker will have authority to repurchase shares on the company's behalf under the plan's terms.
Smart Sand reports Q1 2026 revenue of $93.1 million and net loss of $3.9 million.
Adjusted EBITDA was $3.8 million in Q1 2026, down from $7.1 million in Q4 2025 but up from $1.4 million in Q1 2025.
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First quarter 2026 revenue was $93.1 million, up from $86.0 million in Q4 2025 and $65.6 million in Q1 2025.
Net loss for Q1 2026 was $3.9 million, or $0.10 per share, compared to net income of $1.2 million in Q4 2025 and a net loss of $24.2 million in Q1 2025.
Tons sold in Q1 2026 were approximately 1,492,000, a 40% year-over-year increase and a 1% sequential increase.
The company expects positive free cash flow in 2026 and sales volume growth of 5% to 10% over 2025 tons sold.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Smart Sand adopts Rule 10b5-1 trading plan to repurchase up to $2.5 million of its common stock.
The plan permits purchases of up to $2.5 million of shares, including commissions, with daily purchases limited to the maximum daily target volume under Rule 10b-18.
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On March 3, 2026, Smart Sand, Inc. entered into a written trading plan under Rule 10b5-1 of the Securities Exchange Act.
Trades under the plan will not begin before March 16, 2026, and will end upon the earlier of full use of the $2.5 million or the close of business on May 11, 2026.
The plan is in connection with previously announced share repurchase programs described in the company's 2025 Form 10-K and a Form 8-K, both filed on February 27, 2026.
A broker selected by the company will have authority to repurchase shares on the company's behalf, but the plan does not obligate the company or broker to purchase a specific number of shares.
Smart Sand reports Q4 and full-year 2025 results; revenue $86.0M and $330.2M.
Fourth quarter 2025 revenue was $86.0 million, with total tons sold of approximately 1,478,000.
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Full year 2025 revenue was $330.2 million, up 6% from $311.4 million in 2024; total tons sold were 5,443,000, up 3%.
Full year 2025 net income was $1.3 million, or $0.03 per basic and diluted share, compared to $3.0 million, or $0.08 per share, in 2024.
Full year 2025 adjusted EBITDA was $29.9 million, down from $38.8 million in 2024; free cash flow was $32.5 million.
Board approved a new two-year share repurchase program of up to $20.0 million, effective April 4, 2026.
For 2026, the company expects to be free cash flow positive with sales volume growth of 5% to 10% and capital expenditures of $15.0 million to $20.0 million.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits