Smart Sand (SND)
Supplies Northern White frac and industrial sand with mine-to-wellsite logistics.
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Northern White sand is mined and processed for hydraulic fracturing and industrial customers. Sand sales sit alongside SmartSystems portable wellsite storage and management solutions, tying supply to transloading and delivery.
Produces Northern White sand for hydraulic fracturing and industrial customers. Oil and gas wells use the sand as proppant. Rail-linked logistics support direct delivery from mines to oil and gas wellsites. Mining and processing are paired with transloading, while SmartSystems provides portable wellsite proppant storage and management solutions.
The operating footprint includes mines and processing facilities in Wisconsin and Illinois, plus terminals in North Dakota, Pennsylvania and Ohio. Industrial sand provides an additional outlet alongside frac customers.
The business depends on demand for proppant and associated logistics in oil-and-gas completions.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $10.2M · Total debt $43.4M · Total assets $347.1M · Shareholders' equity $238.1M
- Revenue
- $115.1M
- Operating income
- $10.1M
- Net income
- $10.2M
HistoryDividendAnnual yield
| Institutions | 46.24% | 19.60M shares | |
|---|---|---|---|
| 96 holders · as of Jun 30, 2026 | |||
| Insiders | 15.99% | 6.78M shares | |
| 11 holders · as of Aug 24, 2026 | |||
| Strategic holders | 13.97% | 5.92M shares | |
| 1 holder · as of Aug 2, 2022 | |||
| Other | 23.80% | 10.09M shares | |
| remainder | |||
42.40M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Keystone Cranberry, LLC1Strategicdirector | 13.97% | 5.84M | filed Aug 2, 2022 |
Victory Capital Management Inc.Institution | 8.65% | 3.67M | filed Feb 9, 2018 |
Gendell Jeffrey LInstitution | 8.11% | 3.44M | as of Jun 30, 2026 |
Clearbridge, LLCInstitution | 5.10% | 2.16M | filed Feb 14, 2020 |
BlackRock, Inc.Institution | 4.75% | 2.01M | as of Jun 30, 2026 |
- Keystone Cranberry, LLC's transaction reports restate only vehicles that traded; the 2022 ownership statement (5.84M) plus the 80.0K net shares acquired since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | James Douglas Young | officer: SEE REMARKS | −2,236 | $4.70 |
| Aug 21, 2026 | James Douglas Young | officer: SEE REMARKS | −19,078 | $4.83 |
| Aug 20, 2026 | James Douglas Young | officer: SEE REMARKS | −25,716 | $4.83 |
| Aug 19, 2026 | James Douglas Young | officer: SEE REMARKS | −11,669 | $4.84 |
| Aug 18, 2026 | James Douglas Young | officer: SEE REMARKS | −16,301 | $4.93 |
- Atlas Energy Solutions
Frac-sand production and mine-to-wellsite logistics
- ProFrac
Integrated proppant production and hydraulic-fracturing services
- Solaris Energy Infrastructure
Wellsite proppant logistics and silo-based storage systems
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Smart Sand | $5.11 | +0.59% | $218.4M | 19.5 | — | 0.6 | +34.1% |
| Atlas Energy Solutions | $11.64 | −3.00% | $1.50B | — | — | 1.4 | +1.6% |
| ProFrac | $4.65 | −1.59% | $853.9M | — | — | 0.5 | −0.8% |
| Solaris Energy Infrastructure | $67.30 | +2.48% | $4.02B | 77.1 | 40.6 | 5.3 | +46.9% |
| Median | 77.1 | 40.6 | 1.4 | +1.6% |