SND

#3540
Smart Sand, Inc. - Common Stock
5.3 2 USD
-0.01%
Market Price
Sector: Energy
Base: USD
Profit Currency: USD
Daily Range
5.32
5.32
Year Range
1.88
5.92
Daily Change
-0.56%
Monthly Change
+15.90%
6 month change
+32.67%
Year Change
+171.43%
Previous Close
5.3 5
Open
5.3 2
Low
5.3 2
High
5.3 2
Volume
27
Open full chart

Financials

Overview Statement Statistics Dividends Documents

2026

Current report, 01 Sep 2026
Smart Sand, Inc. current report, 01 September 2026
8-K
Current report, Q3 FY2026
Smart Sand, Inc. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
Smart Sand, Inc. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Smart Sand, Inc. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Smart Sand, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Smart Sand, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Smart Sand, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Smart Sand, Inc. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
Smart Sand, Inc. quarterly report, Q1 FY2026
10-Q
Current report, Q1 FY2026
Smart Sand, Inc. current report, Q1 FY2026
8-K

Smart Sand, Inc. current report, 01 September 2026

Full document

Smart Sand, Inc. Form 8-K Summary

Business Context and Reporting Period

Smart Sand, Inc. (SND) filed a Current Report on Form 8-K dated September 3, 2026, reporting events occurring on September 1, 2026. The filing details a material amendment to the Company's existing senior secured asset-based credit facility.

Key Financial Metrics and Debt Structure

The filing focuses on debt restructuring rather than operational performance metrics. Key financial terms include:

  • Facility Type: Senior secured asset-based revolving credit facility.
  • Previous Commitment: $30 million (established September 3, 2024).
  • New Aggregate Commitment: $50 million (increased by $20 million).
  • New Maturity Date: Extended to September 1, 2031.
  • Lender: First-Citizens Bank & Trust Company (sole lender and agent).
  • Collateral: Includes a negative pledge on the Oakdale, Wisconsin real property.

Material Changes Versus Prior Period

Compared to the original Credit Agreement filed in September 2024, the following material changes were implemented:

  • Capacity Increase: Revolving commitments increased by $20 million.
  • Term Extension: The facility term was extended by five years.
  • Borrowing Base Adjustment: Added a $20 million sublimit based on the value of the Oakdale facility.
  • Liquidity Covenants: Introduced a minimum excess liquidity test when the Oakdale facility portion of the borrowing base is utilized.
  • Covenant Adjustments: Added a $20 million deduction for unfinanced capital expenditures from the fixed charge coverage ratio calculation.

Guidance, Risks, and Contingencies

The filing does not provide updated revenue guidance, profit outlook, or management commentary on operational performance. The primary risk disclosed relates to the new financial obligations and covenants, specifically the negative pledge on the Oakdale real property and the requirement to maintain minimum excess liquidity under certain utilization scenarios.

Investor Verification Checklist

  • Verify the full text of Amendment No. 2 to the Credit Agreement (Exhibit 10.1) for specific interest rates and fees.
  • Confirm the current utilization level of the $50 million facility and the status of the Oakdale facility valuation.
  • Review the Company's ability to meet the new minimum excess liquidity test if the Oakdale borrowing base is drawn.
  • Assess the impact of the fixed charge coverage ratio adjustment on future covenant compliance.

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