Page 1

Smart Sand , Inc. Announces Second Quarter 2026 Results • 2Q 2026 revenue of $ 115.1 million • 2Q 2026 net income of $ 10.2 million • 2Q 2026 cash flow provided by operations of $ 3.4 million • 2Q 2026 contribution margin $ 27.1 million • 2Q 2026 Adjusted EBITDA of $ 18.7 million • 2Q 2026 free cash flow of $ ( 1.4 ) million - YARDLEY , Pennsylvania , August 11 , 2026 – Smart Sand , Inc. ( NASDAQ : SND ) ( the “ Company ” or “ Smart Sand ” ) , a leading supplier of premium Northern White frac sand and industrial sand and a proppant logistics solutions provider , today announced results for the second quarter of 2026 . “ The second quarter was one of the best quarters in Smart Sand's history , ” said Charles Young , Smart Sand's Chief Executive Officer . “ We achieved record quarterly sales volumes and revenues and , excluding one - time items , generated record contribution margin and Adjusted EBITDA . While delivering record performance , we maintained a strong cash position and low leverage levels . Including the dividend that will be paid on August 12th , we will have returned approximately $ 12.1 million of capital to shareholders year to date in 2026 through share repurchases and dividends . " " Our outstanding operational and financial performance in the first half of 2026 demonstrates the dedication of our employees and the value of the Northern White sand franchise we have built , " Young continued . " We have seen strong demand across the key operating basins we serve , and we expect this demand to continue into the second half of 2026 . Expected long - term growth in North American natural gas demand , driven by expanding LNG export capacity and increased gas - fired power generation to support electricity demand from AI data centers , continues to support consistent well completion activity , particularly in the Appalachian Basin in the Northeast United States and Canadian shale basins . ” “ Our Industrial Product Solution sales volumes grew sequentially , and we expect to see continued growth in this business segment . Our redesigned SmartSystems fleet also continued to perform well in the quarter , ” Young said . " We expect activity levels to remain strong through the third quarter and potentially into the fourth quarter . Based on our strong first half results and current demand levels , we expect 2026 sales volumes to increase by 10 % to 20 % compared with 2025 sales volumes . We expect to generate positive free cash flow in 2026. " Second Quarter 2026 Highlights In the second quarter of 2026 , tons sold totaled approximately 1,864,000 , compared to 1,492,000 tons in the first quarter of 2026 and 1,424,000 tons in the second quarter of 2025 , reflecting a 25 % sequential increase and a 31 % year - over - year increase . Revenues in the second quarter of 2026 were $ 115.1 million , compared to $ 93.1 million in the first quarter of 2026 and $ 85.8 million in the second quarter of 2025. The increase in revenue sequentially and year over year was primarily driven by higher sales volumes and higher average selling prices . Cost of goods sold increased to $ 95.2 million for the second quarter of 2026 , up from $ 87.0 million for the first quarter of 2026 and $ 76.8 million for the second quarter of 2025. The increase sequentially was primarily due to an increase in freight and transload costs due to higher sales volumes . While higher sales volumes led to overall increased freight costs , we experienced an increase in volumes sold through Smart Sand controlled terminals that allowed us to have more cost efficient logistics costs per ton sold than selling through third party terminals . The