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Private company

Aris Water Solutions, Inc.

American oil and gas field services company, incorporated in Delaware1

In its 2025 annual report the company says: “We are a leading, growth-oriented environmental infrastructure and solutions company that directly helps our customers reduce their water and carbon footprints. We deliver full-cycle water handling and recycling solutions that increase the sustainability of energy company operations. Our integrated pipelines and related infrastructure create long-term value by delivering high-capacity, comprehensive produced water management, recycling and supply solutions to operators in the core areas of the Permian Basin.”68 It is headquartered in Houston, Texas.1

Last updated Oct 21, 2026.

Overview

$435.4MRevenue, fiscal 20242
$26.9MNet income, fiscal 20242
  • IndustryOil & Gas Field Services, NEC1
  • HeadquartersHouston, Texas1
  • Incorporated inDE3
  • Business address9651 Katy Freeway, Suite 400, Houston, Tx 770243
  • Filer category, Emerging growth company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

24.5%Operating margin2
6.2%Net margin2
11.0%Revenue growth, 20242
7.7%Return on equity2
1.27×Debt to equity2
$78.9MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue59¢$257.6M
  • Research and development1¢$3.0M
  • Other costs32¢$137.7M
  • Income tax2¢$10.3M
  • Profit6¢$26.9M

Out of $435.4M in revenue.2

Where each dollar of operating cash went, fiscal 2024

  • Capital spending56¢$100.0M
  • Dividends paid14¢$24.6M
  • Share buybacks2¢$3.6M
  • Kept or used elsewhere28¢$50.7M

Out of $178.9M of cash from operations.2

Financial statements

Revenue5672$435.4M in 2024+267% since 2019
0$200.0M$400.0M$600.0M2019: $118.8M$118.8M20192020: $171.5M$171.5M2020+44%2021: $229.3M$229.3M2021+34%2022: $321.0M$321.0M2022+40%2023: $392.1M$392.1M2023+22%2024: $435.4M$435.4M2024+11%
Operating income5672$106.8M in 2024+691% since 2019
0$50.0M$100.0M$150.0M2019: $13.5M$13.5M20192020: $7.7M$7.7M2020−43%2021: $19.1M$19.1M2021+148%2022: $34.5M$34.5M2022+80%2023: $83.9M$83.9M2023+143%2024: $106.8M$106.8M2024+27%
Net income572$26.9M in 2024+106% since 2019
-$10.0M0$10.0M$20.0M$30.0M2019: $13.1M$13.1M20192020: -$4.3M-$4.3M20202021: $1.1M$1.1M20212022: $1.7M$1.7M2022+53%2023: $18.9M$18.9M2023+1011%2024: $26.9M$26.9M2024+42%
Fiscal year2018201920202021202220232024
Revenue$118.8M5$171.5M6$229.3M7$321.0M2$392.1M2$435.4M2
Cost of revenue$91.6M5$139.5M6$151.7M7$207.0M2$254.6M2$257.6M2
Research and development$691.0K2$3.1M2$3.0M2
Operating expenses$58.4M7$79.5M2$53.6M2$71.1M2
Operating income$13.5M5$7.7M6$19.1M7$34.5M2$83.9M2$106.8M2
Interest$7.7M6$25.5M7$29.2M7$32.9M7
Income before tax-$6.7M7$5.3M2$50.9M2$70.5M2
Income tax$1.0K5$23.0K6$298.0K7$524.0K2$7.5M2$10.3M2
Net income$13.1M5-$4.3M5$1.1M7$1.7M2$18.9M2$26.9M2
Earnings per share$0.057$0.042$0.592$0.812
Earnings per share (diluted)$0.057$0.042$0.592$0.812
Shares (weighted, basic)20.9M shares724.1M shares230.0M shares230.6M shares2
Shares (weighted, diluted)20.9M shares724.1M shares230.0M shares230.9M shares2

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Corporate structure

Aris Water Solutions, Inc. sits at the top of its group. 10 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Aris Water Solutions, Inc.

  • Aris Water Solutions, Inc. Houston, Texas
    • 829 Martin County Pipeline, LLC Subsidiary · Texas, United States
    • Clean H2O Technologies, LLC Subsidiary · Delaware, United States
    • Solaris Midstream DB-NM, LLC Subsidiary · Delaware, United States
    • Solaris Midstream DB-TX, LLC Subsidiary · Delaware, United States
    • Solaris Midstream Holdings, LLC Subsidiary · Delaware, United States
    • Solaris Midstream MB, LLC Subsidiary · Delaware, United States
    • Solaris Services Holdings, LLC Subsidiary · Delaware, United States
    • Solaris Water Midstream Services, LLC Subsidiary · Delaware, United States
    • Solaris Water Midstream, LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Aris Water Solutions, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$43.6M2 Dec 31, 2024$463.0K2 Dec 31, 2023+9320.7%
Property and equipment, before depreciation$1.2B2 Dec 31, 2024$1.0B2 Dec 31, 2023+14.1%
Accumulated depreciation$160.2M2 Dec 31, 2024$122.0M2 Dec 31, 2023+31.3%
Property and equipment, net$1.0B2 Dec 31, 2024$919.7M2 Dec 31, 2023+11.8%
Finance-lease assets$2.7M2 Dec 31, 2024
Operating-lease assets (leased space)$15.0M2 Dec 31, 2024$16.7M2 Dec 31, 2023−10.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$28.7M2 Dec 31, 2024$5.1M2 Dec 31, 2023+466.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$34.6M2 Dec 31, 2024$34.6M2 Dec 31, 20230%
Intangible assets, net (excluding goodwill)$195.2M2 Dec 31, 2024$232.3M2 Dec 31, 2023−16.0%
Finite-lived intangibles, gross$366.7M2 Dec 31, 2024$366.7M2 Dec 31, 20230%
Accumulated amortization$171.5M2 Dec 31, 2024$134.4M2 Dec 31, 2023+27.6%
Finite-lived intangibles, net$195.2M2 Dec 31, 2024$232.3M2 Dec 31, 2023−16.0%

Leadership

Who has led Aris Water Solutions, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Amanda M. Brock2021–now

Chair

  1. William A. Zartler2021–now

President

  1. Amanda M. Brock2021–now

Chief financial officer

  1. Brenda R. Schroer2021–2022
  2. Stephan E. Tompsett2022–now

Chief operating officer

  1. Brunt David Dylan Van2023–now
2025
Board members and other officers (12)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 829 Martin County Pipeline, LLC Texas4
  • Clean H2O Technologies, LLC Delaware4
  • Solaris Midstream DB-NM, LLC Delaware4
  • Solaris Midstream DB-TX, LLC Delaware4
  • Solaris Midstream Holdings, LLC Delaware4
  • Solaris Midstream MB, LLC Delaware4
  • Solaris Services Holdings, LLC Delaware4
  • Solaris Water Midstream Services, LLC Delaware4
  • Solaris Water Midstream, LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Solaris Water, Inc.Jun 4, 2021 to Aug 25, 20213

Timeline

  1. Oct 15, 20258-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer27
  2. Aug 11, 20258-K Results of operations28
  3. Aug 7, 20258-K Entered a material agreement29
  4. Aug 6, 20258-K Regulation FD disclosure; Other events30
  5. Jul 31, 20258-K Entered a material agreement; Results of operations31
  6. May 28, 20258-K Shareholder vote32
  7. May 6, 20258-K Results of operations33
  8. Mar 25, 20258-K Entered a material agreement; New debt or obligation34
  9. Mar 12, 20258-K Entered a material agreement; Other events35
  10. Mar 11, 20258-K Other events36
  11. Feb 26, 20258-K Results of operations37
  12. Nov 4, 20248-K Results of operations38
  13. Oct 21, 2021New chief executive Amanda M. Brock becomes CEO11

Calendar

When it reported results

  1. Aug 11, 2025Reported quarterly or annual results28
  2. Jul 31, 2025Reported quarterly or annual results31
  3. May 6, 2025Reported quarterly or annual results33
  4. Feb 26, 2025Reported quarterly or annual results37
  5. Nov 4, 2024Reported quarterly or annual results38
  6. Aug 6, 2024Reported quarterly or annual results39
  7. May 7, 2024Reported quarterly or annual results40
  8. Feb 28, 2024Reported quarterly or annual results41

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

337 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 35 major events, 168 insider forms, 56 large holders, 62 other. The latest 20:

  1. Feb 13, 2026SCHEDULE 13G/A EDGAR
  2. Feb 12, 2026SCHEDULE 13G/A EDGAR
  3. Nov 21, 2025EFFECT EDGAR
  4. Nov 14, 2025SCHEDULE 13G EDGAR
  5. Nov 14, 2025SCHEDULE 13G/A EDGAR
  6. Nov 12, 2025SCHEDULE 13G EDGAR
  7. Nov 7, 2025SCHEDULE 13G/A EDGAR
  8. Nov 7, 2025SCHEDULE 13G EDGAR
  9. Oct 27, 202515-12G EDGAR
  10. Oct 15, 20254 EDGAR
  11. Oct 15, 20254 EDGAR
  12. Oct 15, 20254 EDGAR
  13. Oct 15, 20254 EDGAR
  14. Oct 15, 20254 EDGAR
  15. Oct 15, 20254 EDGAR
  16. Oct 15, 20254 EDGAR
  17. Oct 15, 20254 EDGAR
  18. Oct 15, 20254 EDGAR
  19. Oct 15, 20254 EDGAR
  20. Oct 15, 20254 EDGAR

The 337 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

31 open-market trades by officers, directors and large owners since October 2021: 6 buys and 25 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 17, 2025Keenan W Howard JRDirectorSale1,000,000$27.70$27.7MForm 4
Mar 17, 2025Yorktown XI Co LP10% ownerSale1,000,000$27.70$27.7MForm 4
Mar 13, 2025Hunt Jeffrey K.Chief Accounting OfficerSale10,000$28.92$289.2KForm 4
Mar 12, 2025Patterson Nicholas A.Chief Commercial OfficerSale8,299$30.60$253.9KForm 4
Mar 12, 2025Van Brunt David DylanChief Operating OfficerSale32,305$30.15$974.0KForm 4
Mar 12, 2025Tompsett Stephan EChief Financial OfficerSale20,000$30.00$600.0KForm 4
Jan 7, 2025Gable S Corp10% ownerSale2,259$25.05$56.6KForm 4
Jan 6, 2025Gable S Corp10% ownerSale331,181$25.16$8.3MForm 4
Jan 3, 2025Gable S Corp10% ownerSale31,410$25.04$786.5KForm 4
Dec 27, 2024Scott Sherman A10% ownerSale3,641$25.02$91.1KForm 4
Dec 26, 2024Scott Sherman A10% ownerSale316,408$25.28$8.0MForm 4
Dec 24, 2024Scott Sherman A10% ownerSale160,539$25.18$4.0MForm 4
Dec 18, 2024Gable S Corp10% ownerSale38,739$25.03$969.6KForm 4
Dec 17, 2024Gable S Corp10% ownerSale15,462$25.00$386.6KForm 4
Dec 17, 2024Scott Sherman A10% ownerSale15,462$25.00$386.6KForm 4
Dec 16, 2024Gable S Corp10% ownerSale57,731$25.55$1.5MForm 4
Dec 16, 2024Scott Sherman A10% ownerSale57,731$25.55$1.5MForm 4
Dec 13, 2024Delaware Energy LLC10% ownerSale3,223,670$25.81$83.2MForm 4
Nov 11, 2024COY DEBRADirectorSale1,500$25.39$38.1KForm 4
Nov 7, 2024Patterson Nicholas A.Chief Commercial OfficerSale5,250$22.05$115.8KForm 4

All 31 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Amanda M. Brock64$732.3K$9.2M67
2024William A. Zartler59$453.5K$5.2M67
2024Stephan E. Tompsett$451.7K$4.5M67
2023President and Chief Executive Officer$717.0K$4.7M67
2023Founder and Executive Chairman$440.4K$2.9M67
2023Chief Financial Officer$435.3K$1.9M67

SEC filer profile

How Aris Water Solutions, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAris Water Solutions, Inc.1
  • CIK0001865187
  • Employer ID (EIN)87-102211068
  • Filer statusAccelerated filer an emerging growth company; not a smaller reporting company; not a shell company68
  • Incorporated inDelaware68
  • Fiscal year endsDecember 311
  • Industry code (SIC)1389 Oil & Gas Field Services, NEC1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address9651 Katy Freeway, Suite 400, Houston, TX 770241
  • Phone(832) 304-70031
  • Shares outstanding30,971,735 Common Class A shares; 27,493,565 Common Class B shares as of Feb 24, 202568
  • Public float$507.4M as of Jun 30, 202468
  • AuditorBDO USA, P.C., Houston, Texas PCAOB ID 243; no auditor attestation of internal control over financial reporting68
  • On EDGAR sinceJun 4, 20211
  • Filings354 in all: 4 (135), 8-K (35), SC 13G/A (23), 3 (22), SC 13G (16), 10-Q (12), 144 (11), 425 (10)1
    All 38 form types

    CORRESP (9), SCHEDULE 13G/A (9), SCHEDULE 13G (8), 4/A (6), UPLOAD (6), 3/A (5), DEFA14A (5), 10-K (4), DEF 14A (4), S-1/A (4), ARS (3), DRS/A (3), EFFECT (3), DRSLTR (2), S-8 (2), S-8 POS (2), SEC STAFF LETTER (2), 15-12G (1), 25-NSE (1), 424B3 (1), 424B4 (1), 8-A12B (1), CERT (1), DEFM14A (1), DRS (1), FWP (1), POS AM (1), PRE 14A (1), S-1 (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2025
    Quarterly report (10-Q) Aug 11, 2025
    Proxy statement (DEF 14A) Apr 9, 2025
    Latest 8-K (8-K) Oct 15, 2025

Securities registered for trading

ClassSymbolExchange
Class A Common Stock, $0.01 par value per shareARISNew York Stock Exchange

From the cover page of the 10-K filed Feb 27, 2025 (Section 12(b) of the Exchange Act).68

Risk factors and legal proceedings

The risks Aris Water Solutions, Inc. names in Item 1A of its 10-K filed Feb 27, 2025: 64 risks under these headings, as written.68

  • Described below are certain risks that we believe are applicable to our business. The risks described below are not the only ones that we face. Additional risks not presently known to us or that we currently deem immaterial individually or in the aggregate may also impair our business operations. This information should be considered carefully, together with other information in this report and other reports and materials we file
  • with the SEC. If any of these risks were to occur, our business, financial condition, results of operations or liquidity and the trading price of our Class A common stock could be materially adversely affected.
  • Risks Related to Our Business
  • Our business depends on capital spending by the oil and gas industry in the Permian Basin and reductions in capital spending could have a material adverse effect on our liquidity, results of operations and financial condition.
  • If oil prices or natural gas prices remain volatile or were to decline, the demand for our services could be adversely affected.
  • The fees charged to customers under our agreements for the gathering, transportation or handling of produced water may not escalate sufficiently to cover increases in costs and the agreements may be suspended in some circumstances, which would affect our profitability.
  • We operate in a highly competitive industry, which may intensify if our competitors expand their water supply, produced water recycling, and produced water handling operations or customers elect to operate their water-management services in-house or enter into arrangements with other oil and gas producers for water-management services rather than outsource these services to companies like us, thereby causing us to lose market share, which could, in turn, negatively affect our ability to expand our operations.
  • Our Produced Water Handling business depends upon available pore space in subsurface geologic formations by which we can dispose of produced water through underground injection wells. Our inability to acquire new pore space or our loss of existing pore space may negatively impact our ability to service new and existing customers.
  • Growing or adapting our business by constructing new transportation systems and facilities subjects us to construction risks and risks that supplies for such systems and facilities will not be available upon completion thereof.
  • We face opposition to the development or operation of our water pipelines, injection wells and facilities from various individuals and groups.
  • There is uncertainty related to the future of the oil and natural gas industry broadly.
  • The ability to attract and retain key members of management, other key personnel and qualified Board members is critical to the success of our business.
The other 53 risks
  • We may have difficulty securing sufficient labor to meet our needs.
  • The growth of our business through acquisitions may expose us to various risks, including those relating to difficulties in identifying suitable, accretive acquisition opportunities and integrating businesses, assets and personnel, as well as difficulties in obtaining financing for targeted acquisitions and the potential for increased leverage or debt service requirements.
  • Our operations are subject to inherent risks in the oil and gas industry, some of which are beyond our control. These risks may be self-insured, or may not be fully covered under our insurance policies.
  • A loss of one or more significant customers could materially or adversely affect our results of operations.
  • Because a significant portion of our revenues is derived from ConocoPhillips and Chevron U.S.A. Inc., any development that materially and adversely affects ConocoPhillips’ and Chevron U.S.A. Inc.’s operations, financial condition or market reputation could have a material adverse impact on us.
  • Our lack of diversification increases the risk of an investment in us and we are vulnerable to risks associated with operating primarily in one geographic area.
  • Seasonal weather conditions and natural or man-made disasters could severely disrupt normal operations and have an adverse effect on our business, financial position and results of operations.
  • We engage in transactions with related parties and such transactions present possible conflicts of interest that could have an adverse effect on us.
  • Defaults by customers and counterparties could adversely affect our business, financial condition, and results of operations.
  • We may not be able to keep pace with technological developments in our industry.
  • Our initiatives related to the development of technologies for the beneficial reuse of produced water require a substantial investment by us in research and development expenses and may not be successful or achieve market acceptance.
  • We may be required to take write-downs of the carrying values of our long-lived assets and finite-lived intangible assets.
  • We may be required to take a write-down of the carrying value of goodwill.
  • Deficiencies in our internal control over financial reporting could prevent us from accurately and timely reporting our financial results.
  • Our debt instruments have restrictive covenants that could limit our financial flexibility.
  • Our leverage may limit our ability to borrow additional funds, comply with the terms of our indebtedness, compete in our industry or capitalize on business opportunities.
  • Increases in interest rates could adversely impact the price of our shares, our ability to issue equity or incur debt for acquisitions or other purposes.
  • A terrorist attack, armed conflict or unrest could harm our business.
  • We are subject to cybersecurity risks which could adversely affect our business.
  • Risks Related to Our Legal and Regulatory Environment
  • Restrictions on the ability to procure water or changes in water sourcing requirements could decrease the demand for our services.
  • In the future we may face increased obligations relating to the closing of our produced water handling facilities and may be required to provide an increased level of financial assurance to guarantee the appropriate closure activities occur for a produced water handling facility.
  • Our sales of groundwater and our gathering, handling and recycling of produced water expose us to potential regulatory risks.
  • Unsatisfactory safety performance may negatively affect our customer relationships and, to the extent we fail to retain existing customers or attract new customers, adversely impact our revenues.
  • Fuel conservation measures could reduce demand for oil and natural gas which would, in turn, reduce the demand for our services.
  • We are subject to environmental and occupational health and safety laws and regulations that may expose us to significant liabilities for penalties, damages or costs of remediation or compliance.
  • Legislation or regulatory initiatives intended to address seismic activity could restrict our ability to recycle or handle produced water gathered from our E&P customers and, accordingly, could have a material adverse effect on our business.
  • Climate change legislation, laws and regulations restricting GHG emissions, promoting the development of alternative sources of energy, prohibiting, restricting, or delaying oil and gas development on public lands, or legal or other action taken by public or private entities related to climate change could force our customers to incur increased capital and operating costs and could have a material adverse effect on our financial condition, results of operations and cash flows, as well as our reputation.
  • A portion of our customers’ oil and gas leases are granted by the federal government. To the extent such leases are suspended or terminated, or we or our customers are unable to obtain permits or right-of-way grants required for operations on such leases, our operations could be materially affected.
  • Federal, state and local legislation and regulatory initiatives relating to hydraulic fracturing, as well as governmental reviews of such activities, could result in increased costs and additional operating restrictions, delays or cancellations in the drilling and completion of oil and gas wells that may reduce demand for our services and could have a material adverse effect on our liquidity, results of operations and financial condition.
  • Restrictions on drilling and related activities intended to protect certain species of wildlife or their habitat may adversely affect our customers’ ability to conduct drilling and related activities in some of the areas where we operate.
  • Delays or restrictions in obtaining or renewing permits by us for our operations or by our customers for their operations could impair our business.
  • Risks Related to the Ownership of Our Class A Common Stock
  • We are a holding company. Our sole material asset is our equity interest in Solaris LLC and we are accordingly dependent upon distributions from Solaris LLC to pay taxes, make payments under the Tax Receivable Agreement and cover our corporate and other overhead expenses.
  • For as long as we are an emerging growth company, we will not be required to comply with certain reporting requirements, including those relating to accounting standards and disclosure about our executive compensation, that apply to other public companies.
  • Our principal stockholders collectively hold a substantial portion of the voting power of our common stock.
  • Certain of our directors have significant duties with, and spend significant time serving, entities that may compete with us in seeking acquisitions and business opportunities and, accordingly, may have conflicts of interest in allocating time or pursuing business opportunities.
  • Certain Designated Parties are not limited in their ability to compete with us, and the corporate opportunity provisions in our amended and restated certificate of incorporation could enable such Designated Parties and their respective affiliates to benefit from corporate opportunities that might otherwise be available to us.
  • Our amended and restated certificate of incorporation and amended and restated bylaws, as well as Delaware law, contain provisions that could discourage acquisition bids or merger proposals, which may adversely affect the market price of our Class A common stock and could deprive our investors of the opportunity to receive a premium for their shares.
  • Our amended and restated certificate of incorporation designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, and the federal district courts as the exclusive forum for Securities Act claims, which could limit our stockholders’ ability to obtain what such stockholders believe to be a favorable judicial forum for disputes with us or our directors, officers, employees or agents.
  • We cannot assure that we will pay any future dividends on our Class A common stock. Our indebtedness could limit our ability to pay future dividends on our Class A common stock.
  • Future sales of our Class A common stock in the public market, or the perception that such sales may occur, could reduce our stock price, and any additional capital raised by us through the sale of equity or convertible securities may dilute ownership in us.
  • Aris Inc. will be required to make payments under the Tax Receivable Agreement for certain tax benefits that it may claim, and the amounts of such payments could be significant.
  • The payments under the Tax Receivable Agreement will not be conditioned upon a holder of rights under the Tax Receivable Agreement having a continued ownership interest in us. See Items 1. and 2. – Business and Properties – Organizational Structure and Corporate Information – Tax Receivable Agreement.
  • In certain cases, payments under the Tax Receivable Agreement may be accelerated and/or significantly exceed the actual benefits, if any, we realize in respect of the tax attributes subject to the Tax Receivable Agreement.
  • We will not be reimbursed for any payments made under the Tax Receivable Agreement in the event that any tax benefits are subsequently disallowed.
  • We may be required to pay additional taxes because of the U.S. federal partnership audit rules and potentially also state and local tax rules.
  • If Solaris LLC were to become a publicly traded partnership taxable as a corporation for U.S. federal income tax purposes, Aris Inc. and Solaris LLC might be subject to potentially significant tax inefficiencies.
  • Aris Inc. depends on distributions from Solaris LLC to pay any dividends, if declared, taxes and other expenses.
  • In certain circumstances, Solaris LLC will be required to make distributions to us and the other members of Solaris LLC, and the distributions that Solaris LLC will be required to make may be substantial.
  • We may issue preferred stock whose terms could adversely affect the voting power or value of our Class A common stock.
  • Unanticipated changes in effective tax rates or adverse outcomes resulting from examination of our income or other tax returns could adversely affect our results of operations and financial condition.
  • General Risk Factors
  • We may be adversely affected by uncertainty in the global financial markets and a worldwide economic downturn.
  • The current global economic environment may adversely impact our ability to issue debt. Any economic uncertainty may cause institutional investors to respond to their borrowers by increasing interest rates, enacting tighter lending standards or refusing to refinance existing debt upon its maturity or on terms similar to the expiring debt. Due to the above-listed factors, we cannot be certain that additional funding will be available if needed and, to the extent required, on acceptable terms.
  • The widespread outbreak of an illness or any other communicable disease, or any other public health crisis, could adversely affect our business, results of operations and financial condition.

Legal proceedings

Due to the nature of our business, we may become, from time to time, involved in routine litigation or subject to disputes or claims related to our business activities. In the opinion of our management, there are no pending litigation, disputes or claims against us which, if decided adversely, will have a material adverse effect on our financial condition, cash flows or results of operations, other than the following.

Stateline Operating, LLC and Stateline Royalties, LP vs. Devon Energy Corporation, Stateline Water, LLC, Solaris Water Midstream, LLC and Aris Water Solutions, Inc., Cause No. 23-05-1085, 143rd District Court, Loving County, Texas

In May 2023, Stateline Operating, LLC and Stateline Royalties, LP (collectively “Stateline”) filed suit against Solaris Water Midstream, LLC and certain affiliates (collectively “Aris”) and Devon Energy Corporation and certain affiliates (collectively “Devon”) in Loving County, Texas, District Court. Stateline alleges that Aris and Devon’s (collectively “Defendants”) operations have harmed Stateline’s oil and gas leasehold interests through the injection of disposed saltwater. Stateline is seeking monetary damages, asserting claims for negligence, waste, trespass and nuisance. Following a ruling on dispositive motions, the trial court stayed the lawsuit while the Defendants pursue an interlocutory appeal. The trial date and all other deadlines have been vacated during this appellate process.

See Part II, Item 8. Financial Statements and Supplementary Data – Note 13. Commitments and Contingencies.

The opening of Item 3, Legal Proceedings.68

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
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    SEC EDGAROther events
  37. 37
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