SMART SAND INC (SND)
Energy · sand and gravel mining / oilfield services · NASDAQ
Smart Sand provides integrated frac sand mining, in-basin logistics, and proprietary wellsite proppant management solutions to oil and gas operators and industrial customers.
What SMART SAND INC does
Smart Sand is a fully integrated provider of Northern White frac sand and logistics services, primarily serving oil and gas exploration and production companies. The company manages mining and processing facilities, in-basin transloading terminals, and a suite of proprietary wellsite proppant storage and management equipment. Additionally, it operates an Industrial Products Solutions (IPS) segment, supplying sand for diverse industrial applications including glass, foundry, building products, and filtration.
Recent developments
In the second quarter of 2026, the company achieved record sales volumes and revenues, driven by strong demand in key basins including the Appalachian Basin. Management raised its 2026 sales volume growth guidance to 10% to 20% over 2025 levels, citing continued demand linked to LNG export capacity and AI-driven data center electricity needs.
From SMART SAND INC's filing of 2026-08-11.
Themes: oil and gas completion activity, proppant logistics, industrial minerals, AI infrastructure, LNG export capacity
Fundamentals
- Price$5.27 as of 2026-10-21 close
- Market cap$223M as of 2026-08-04 (share count; price 2026-10-21)
- 1-year return+154.6% 2025-10-21 close $2.07 → 2026-10-21 close $5.27
- P/E21.08 as of 2026-10-21
- Net margin+0.4% FY2025, SEC XBRL
- Gross margin+11.5% FY2025, SEC XBRL
- ROE+0.6% FY2025, SEC XBRL
- ROICn/a No figure: its pre-tax income was zero or negative, so there is no tax rate to apply.
- Debt / equity0.06 borrowings, leases excluded / equity — 10-Q/10-K balance sheet 2026-06-30
- Revenue growth (YoY)+6.0% FY2025, SEC XBRL
- Revenue CAGR (3y)+8.9% SEC XBRL
- Beta0.73 as of 2026-09-02
- Last reported earnings2026-08-11 SEC EDGAR Form 8-K (Item 2.02)
Dividend: at least 2 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How SND compares in its sector
- price-to-earnings ratiomiddle range 100 covered Energy peers, as of 2026-10-21
- net profit marginmiddle range 135 covered Energy peers, as of 2026-09-02
- operating marginbottom 25% 122 covered Energy peers, as of 2026-09-02
- gross marginmiddle range 26 covered Energy peers, as of 2026-09-02
- return on equitymiddle range 143 covered Energy peers, as of 2026-09-02
- 3-year revenue CAGRmiddle range 139 covered Energy peers
- free cash flow (absolute dollars, latest fiscal year)middle range 96 covered Energy peers, as of FY2025
Position among covered Energy companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, SND's dividend exceeded at least one reported measure of what it earned or generated (earnings payout 442%, free-cash-flow payout 18%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payout442% dividends / net income
- Free-cash-flow payout18% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
Quarterly results
| Quarter | Revenue | Gross profit | Operating income | Net income | Diluted EPS | Operating cash flow | Capex |
|---|---|---|---|---|---|---|---|
| Q2 FY2026 2026-06-30 | $115M | $20M | $10M | $10M | $0.25 | $3M† | $5M† |
| Q1 FY2026 2026-03-31 | $93M | $6M | -$5M | -$4M | -$0.10 | $3M | $2M |
| Q4 FY2025 2025-12-31 | $86M† | $11M† | -$3M† | $1M† | $0.03† | $22M† | $2M† |
| Q3 FY2025 2025-09-30 | $93M | $15M | $5M | $3M | $0.08 | $18M† | $3M† |
| Q2 FY2025 2025-06-30 | $86M | $9M | -$77000 | $21M | $0.54 | -$5M† | $3M† |
| Q1 FY2025 2025-03-31 | $66M | $3M | -$7M | -$24M | -$0.62 | $9M | $4M |
| Q4 FY2024 2024-12-31 | $91M† | $13M† | $4M† | $4M† | $0.10† | $1M† | $2M† |
| Q3 FY2024 2024-09-30 | $63M | $6M | -$5M | -$98000 | $0.00 | $6M† | $2M† |
† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.
Balance sheet at 2026-06-30
- Cash and equivalents$10M
- Total debt$15M borrowings only; leases excluded
- Net debt$4M total debt − cash − short-term investments
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How SMART SAND INC looks technically
SMART SAND INC (SND) is trading 9.1% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 231 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 53, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 5 trading days ago (its momentum flipped negative). It made a new 20-day low about 16 trading days ago. Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 5% of the past ~6 months), which often precedes a bigger move.
Trend
8
| Distance from the 200-day | it is trading 9.1% above its 200-day average, the long-term trend line — a longer-term uptrend | +9.1% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $5.13 | $5.13 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $4.81 | $4.81 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 15 calendar days ago — the swings before that are what the structure reading is measured on | 15 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 5.48. It is the only labelling that fits, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 231 trading days ago — a "golden cross", a bullish long-term signal | 231 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend) | 15.7 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 53, neither overbought (above 70) nor oversold (below 30) | 52.9 |
|---|---|---|
| Position in its 14-day range | it is trading around the middle of its 14-day range ($4.97 to $5.48) — its "stochastic" reading is 55 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 54.9 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 5 trading days ago (its momentum flipped negative) | 5 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $5.85 | $5.85 |
|---|---|---|
| From the 52-week high | it is 10.3% below its 52-week high (its highest price of the past year) | -10.3% |
| Above the 52-week low | it is 158.6% above its 52-week low (its lowest price of the past year) | +158.6% |
| Below the 52-week high | it is 10.3% below its highest point of the past year | 10.3% |
| Since a 20-day breakout | it made a new 20-day low about 16 trading days ago | 16 sessions |
| Since a 55-day breakout | it made a new 55-day high about 30 trading days ago | 30 sessions |
| All-time high | its highest closing price on record is $21.99 (set on 2017-02-23) | $21.99 |
| Given back of the 52-week move | over the past year its closes ranged ($2.06 to $5.82), and it has given back roughly a quarter of its rise from last year’s low — 15% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $3.38 to $3.50. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 15.2% |
| From the all-time high | it is 76.1% below its all-time high | -76.1% |
| Nearest price level | it is trading 3.8% below a resistance level at $5.45 — a price it turned at three times since 2026-08-12, most recently on 2026-10-13. Since 2024-10-21 it has 14 such levels below the current price and 3 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +3.8% |
| All-time low | its lowest closing price on record is $0.5501 (set on 2020-03-18) | $0.5501 |
| Above the all-time low | it is 854.4% above its all-time low | +854.4% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 5% of the past ~6 months), which often precedes a bigger move | 5th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.2005 between its high and its low — about 3.8% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.2005 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $5.00 and $5.42 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $5.00 – $5.21 – $5.42 |
| Typical daily range (% of price) | its price moves about 3.8% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.8% |
| Stretch from the 200-day average | it is trading 2.2 daily ranges above its 200-day average price (9.1% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.2 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.44× |
|---|
Candlestick patterns
3
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|---|---|
| Since a bullish engulfing | 1 session ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 1 session ago |
| Since a bearish engulfing | 4 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 4 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-10-20 0.6% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.6% |
|---|---|---|
| Gap filled | a 7.7% gap up opened on 2026-08-12 has been "filled" 40 sessions ago — price traded back through the level the gap left behind, and it took 8 sessions to close | 40 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 3 sessions in a row, a +3.75% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 3 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 3.4 percentage points (the stock lost 2.4% while the market gained 1.0%) | -3.4% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 8.3 percentage points (the stock gained 11.9% while the market gained 3.6%) | +8.3% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 2.5 percentage points (the stock gained 6.1% while the market gained 8.5%) | -2.5% |
| vs market, 12 months | over the past 12 months this stock beat the market by 135.4 percentage points (the stock gained 150.0% while the market gained 14.6%) | +135.4% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, lagging the market over 6 months — these describe past price behaviour, not a forecast | 2 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 3.6% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-14 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 5.8% of the share price. | +3.6% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 9% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $4.81 — a volume-weighted average of daily closes over 196 sessions, not a true tick-by-tick VWAP. | +9.1% |
|---|
Price levels it has turned at before
SND last closed at $5.25 on 2026-10-20. Since 2024-10-21 it has turned at 14 prices below its last close and 3 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $5.45 | Resistance | 3.8% above the last close | turned there three times · 2026-08-12 to 2026-10-13 |
| $4.99 | Support | 5.0% below the last close | turned there twice · 2026-09-14 to 2026-09-23 |
| $5.62 | Resistance | 7.0% above the last close | turned there twice · 2026-02-18 to 2026-05-01 |
| $5.84 | Resistance | 11.3% above the last close | turned there twice · 2026-03-30 to 2026-06-08 |
| $4.62 | Support | 11.9% below the last close | turned there twice · 2026-04-15 to 2026-08-25 |
| $4.51 | Support | 14.1% below the last close | turned there four times · 2025-12-08 to 2026-07-16 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $5.48.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This reading has stood for 7 trading days, since 2026-10-12.
Read from daily closes as of 2026-10-20.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Trading above the 50-day moving average · MACD just crossed bearish (12/26/9) · in a Bollinger Band volatility squeeze · trendless / choppy (low ADX) · Trading above the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · macd · breakout · bollinger bands
Based on daily closing prices as of 2026-10-20. Describes past price behavior only — informational, not financial advice.
Key risks (from latest filing)
["Dependence on the level of activity in the oil and natural gas industry and commodity price volatility.","Risks associated with international trade policies and tariffs affecting sand supply chains."]
What changed in the latest 10-Q
AI-assisted comparison of SND's 10-Q filed 2026-05-12 against the prior one filed 2025-11-12.
Management's Discussion & Analysis (MD&A)
- Added:
- Reference to audited financial statements as of December 31, 2025 (newer filing, filed 2026-05-12) vs. December 31, 2024 (older filing, filed 2025-11-12)
- Newer filing specifies IPS business created 'in late 2021' with explicit year reference
- Newer filing states 'we created our Industrial Products Solutions' with active voice and specific timing
- Newer filing includes 'substantially all operating basins' regarding third party transloading terminals access
- Newer filing specifies Dennison, Ohio terminal expansion completed in September 2025
- Removed:
- Older filing states IPS expansion occurred 'in recent years' (less specific temporal reference removed in newer version)
- Older filing references 'industrial manufacturers' as customer type (replaced with 'diversified industrial and commercial customers' in newer)
- Older filing states access to transloading terminals in 'all operating basins' (modified to 'substantially all' in newer)
- Older filing uses 'rights to use' for El Reno, Oklahoma terminal (changed to 'have rights to use' in newer)
- Older filing ends description with incomplete sentence about 'additional opportunities to increase our customer b' (truncated in older version)
- Reworded:
- Older: 'In recent years, we have expanded our product line to offer Industrial Products Solutions' changed to Newer: 'In late 2021, we created our Industrial Products Solutions' (more specific timing and different framing from expansion to creation)
- Older: 'diversified industrial and commercial customers' vs. Newer: 'diversified industrial and commercial customers' (no change, but older version had 'industrial manufacturers')
- Older: 'we believe that, among other things, the following makes us a highly attractive' changed to Newer: 'we believe that, among other things: (i)...make us a highly attractive' (formatting and structure change)
- Older: 'approximately 2.9 million tons of total annual processing capacity' changed to Newer: 'approximately 2.9 million tons of annual processing capacity' (removal of 'total')
- Older: 'have access to third party transloading terminals in all operating basins' changed to Newer: 'have access to third party transloading terminals in substantially all operating basins'
- Older: 'We also have the right to use' changed to Newer: 'We also have rights to use' (singular to plural)
- Older: 'longstanding relationships' changed to Newer: 'long-standing relationships' (hyphenation added)
- Older: 'provide us with access' changed to Newer: 'allow us access' (word choice change)
- Older: 'In 2021, we expanded our product line to offer Industrial Sand through IPS' changed to Newer: 'In late 2021, we created our Industrial Products Solutions' (different framing and timing specificity)
- Notes:
- The older filing text appears truncated at the end ('customer b'), preventing full comparison of the IPS discussion section
- The newer filing provides more specific temporal markers ('late 2021', 'September 2025') compared to vaguer references in older filing ('in recent years')
- Year-end financial statement references differ (2025 vs. 2024) due to natural progression of time between filings
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 9 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-16. The 6 days since 2026-10-16 have not been checked yet.
- Last 90 days · read to 2026-10-160 buys · 9 sells ($763079) — 4 selling insiders
- Last 180 days · read to 2026-10-161 buy ($19998) · 10 sells ($1M) — 1 buying, 4 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-24. Based on Form 4 filings read through 2026-10-16; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about SND's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding SND as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 2,915,217
- Reported value $14,605,236
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 5 increased, 0 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about SND's institutional holders → See what each manager we track holds →
Short interest (FINRA)
SND had 2,041,062 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
SND had 4.81% of its shares outstanding sold short as of the 2026-09-30 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 6.22 days to cover at the same settlement.
- Reported short interest (shares) 2,041,062
- Short interest (% of shares outstanding) 4.81%
- Prior settlement (shares) 2,065,789
- Reported change -1.2%
- Days to cover (reported) 6.22
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- U.S. Silica Holdings (SLCA)
- Hi-Crush Inc.
- Covia Holdings
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Frequently asked questions
What does SMART SAND INC (SND) do?
Smart Sand is a fully integrated provider of Northern White frac sand and logistics services, primarily serving oil and gas exploration and production companies. The company manages mining and processing facilities, in-basin transloading terminals, and a suite of proprietary wellsite proppant storage and management equipment.
What sector is SMART SAND INC (SND) in?
SMART SAND INC (SND) is classified in the Energy sector. Its industry is sand and gravel mining / oilfield services. It trades on NASDAQ.
Does SND pay a dividend?
Yes — SMART SAND INC (SND) pays a dividend, with at least 2 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-09-02). Informational only — not financial advice.
Who are SMART SAND INC's (SND) competitors?
Notable peers of SMART SAND INC (SND) include U.S. Silica Holdings, Hi-Crush Inc. and Covia Holdings. This peer set is informational only — not financial advice.
Is SMART SAND INC (SND) overbought or oversold right now?
SMART SAND INC (SND) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 53, in the neutral middle (as of 2026-10-20). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on SND come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.