Aris Water Solutions, Inc. (ARIS) stock surged 23.58% in Thursday's intraday trading session, following the company's strong fourth-quarter earnings report that beat analyst expectations.
The water management solutions provider reported quarterly adjusted earnings of $0.29 per share for the quarter ended December 31, 2024, surpassing the consensus estimate of $0.34 per share. Revenue increased by 13.9% year-over-year to $118.61 million, exceeding the forecasted $109.50 million.
Aris Water Solutions also posted a quarterly net income of $5.78 million. The positive results have reinforced analysts' overall "buy" rating on the stock, with a median 12-month price target of $27.50. The company's shares had risen by 7.1% during the fourth quarter.