Smart Sand (SND) reported second-quarter 2026 revenue of $115.1 million and net income of $10.2 million. The company sold approximately 1.864 million tons during the quarter, up from 1.492 million tons in the first quarter of 2026 and 1.424 million tons in the second quarter of 2025.
The company reported basic earnings of $0.26 per share and diluted earnings of $0.25 per share. Smart Sand said it expects 2026 sales volumes to increase 10% to 20% compared with 2025 and expects to generate positive free cash flow for the year.
- Second-quarter 2026 revenue was $115.1 million, compared with $93.1 million in the first quarter of 2026 and $85.8 million in the second quarter of 2025.
- Net income was $10.2 million, compared with a net loss of $3.9 million in the prior quarter and net income of $21.4 million a year earlier.
- Adjusted EBITDA was $18.7 million, and contribution margin was $27.1 million.
- Free cash flow was negative $1.4 million, with operating cash flow of $3.4 million and capital expenditures of $4.8 million.
- Smart Sand repurchased 470,088 shares for $2.5 million during the quarter.
- The board declared a special dividend of $0.10 per share, payable August 12, 2026, to shareholders of record as of July 28, 2026.
- James Young will become chief financial officer on January 1, 2027, succeeding Lee Beckelman, who will remain as an adviser.
$SND Insider Trading Activity
$SND insiders have traded $SND stock on the open market 7 times in the past 6 months. Of those trades, 1 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $SND stock by insiders over the last 6 months:
- FRANCIS MICHAEL PORCELLI has made 0 purchases and 4 sales selling 375,000 shares for an estimated $1,485,250.
- SHARON SPURLIN sold 50,000 shares for an estimated $246,500
- TIMOTHY PAWLENTY sold 27,975 shares for an estimated $102,388
- RONALD P WHELAN (SEE REMARKS) purchased 4,444 shares for an estimated $19,998
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$SND Hedge Fund Activity
We have seen 58 institutional investors add shares of $SND stock to their portfolio, and 26 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 1,528,716 shares (+316.0%) to their portfolio in Q2 2026, for an estimated $7,658,867
- SIMCOE CAPITAL LLC added 620,962 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,111,019
- MILLENNIUM MANAGEMENT LLC added 451,571 shares (+1339.9%) to their portfolio in Q1 2026, for an estimated $2,312,043
- TRUFFLE HOUND CAPITAL, LLC removed 440,000 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $2,204,400
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 298,017 shares (+59.5%) to their portfolio in Q1 2026, for an estimated $1,525,847
- FIRST EAGLE INVESTMENT MANAGEMENT, LLC removed 225,476 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,154,437
- STATE STREET CORP added 210,646 shares (+131.8%) to their portfolio in Q2 2026, for an estimated $1,055,336
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
