Aris Water Solutions Inc-A 2025年季度报告

Washington, D.C. 20549FORM10-Q Aris Water Solutions,Inc.(Exact name of registrant as specified in its charter) (832)304-7003 Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☐Emerging growth company☒ If an emerging growth company indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ As of August 8, 2025, the registrant had32,709,033shares of ClassA common stock, $0.01 par value per share, and26,467,109shares of ClassBcommon stock, $0.01 par value per share, outstanding. TABLE OF CONTENTS PART I. FINANCIAL INFORMATIONCautionary Note Regarding Forward-Looking Statements3Item 1.Financial Statements (unaudited)6Condensed Consolidated Balance Sheets6Condensed Consolidated Statements of Operations7Condensed Consolidated Statements of Cash Flows8Condensed Consolidated Statements of Stockholders’ Equity9Notes to Unaudited Condensed Consolidated Financial Statements10Item 2.Management’s Discussion and Analysis of Financial Condition andResults of Operations31Item 3.Quantitative and Qualitative Disclosures about Market Risk47Item 4.Controls and Procedures47PART II. OTHER INFORMATION48Item 1.Legal Proceedings48Item1A.Risk Factors48Item 2.Unregistered Sales of Equity Securities and Use of Proceeds51Item 3.Defaults upon Senior Securities52Item 4.Mine Safety Disclosures52Item 5.Other Information52Item 6.Exhibits52Signatures54 Cautionary NoteRegarding Forward-Looking Statements This Quarterly Report on Form 10-Q (this “Quarterly Report”) includes “forward-lookingstatements” within the meaning of Section 27A of the Securities Act of 1933, asamended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934,as amended (the “Exchange Act”). All statements other than statements of historical factcontained in this Quarterly Report, including, without limitation, statements regarding ourfuture results of operations or financial condition, business strategy and plans andobjectives of management for future operations, are forward-looking statements. In somecases, you can identify forward-looking statements by terminology such as “anticipate,”“guidance,” “preliminary,” “project,” “estimate,” “outlook,” “expect,” “continue,” “will,”“intend,” “plan,” “targets,” “believe,” “forecast,” “future,” “potential,” “should,” “may,”“possible,” “could” and variations of such words or similar expressions. You should not rely on forward-looking statements as predictions of future events. Wehave based the forward-looking statements contained in this Quarterly Report primarilyon our current expectations and projections about future events and trends that webelieve may affect our business, financial condition and operating results. The outcomeof the events described in these forward-looking statements is subject to risks,uncertainties and other factors described in the section titled “Risk Factors” in our AnnualReport on Form 10-K for the year ended December 31, 2024 (our “2024 Annual Report”)and found elsewhere in this Quarterly Report, including, but not limited to, the following: ●the impact of the ongoing Russia-Ukraine and Middle Eastern conflicts on theglobal economy, including its impacts on financial markets and the energyindustry;●the level of capital spending and development by oil and gas companies,including potential reductions in capital expenditures by oil and gas producers inresponse to commodity price volatility and/or reduced demand;●our reliance on a limited number of customers and a particular region forsubstantially all of our revenues;●the risk that the Merger (as defined below) between the Company and WES (asdefined below) may not be completed on the anticipated terms and expectedtiming, or at all, including