Mission Statement, Vision, & Core Values of Smart Sand, Inc. (SND)

Are you curious about the driving force behind Smart Sand, Inc. (SND)? Beyond the impressive $311.4 million in total revenue for 2024, what principles guide their operations and strategic decisions? Let's delve into the mission statement, vision, and core values that shape this fully integrated frac and industrial sand supply company.

Understanding these fundamental elements provides insight into how Smart Sand achieved a 17% increase in sales volume in 2024, reaching a total of 5,263,000 tons sold. How do these guiding principles influence their commitment to sustainability and shareholder value, including the declaration of their first-ever dividend of $0.10 per share in Q4 2024? Read on to discover the values that underpin Smart Sand's approach to the market.

Smart Sand, Inc. (SND) An Overview of

Founded in 2011, Smart Sand, Inc. has established itself as a key player in the frac sand industry. The company specializes in the production and distribution of Northern White raw frac sand, a premium proppant used to enhance the recovery rates of oil and natural gas wells. With strategically located terminals and logistics capabilities, Smart Sand efficiently serves the evolving needs of the energy sector. As of April 2025, the company continues to focus on delivering high-quality products and services to its customer base. For more in-depth information, explore: Smart Sand, Inc. (SND): History, Ownership, Mission, How It Works & Makes Money

Smart Sand provides comprehensive solutions to the oil and gas industry, focusing on:

• Raw Frac Sand: Supplying high-quality Northern White raw frac sand.
• Logistics: Offering efficient transportation and distribution services.
• Terminal Solutions: Operating strategically located terminals to ensure timely delivery.

In the financial year 2024, Smart Sand, Inc. reported significant achievements. The company announced record revenue, driven primarily by strong sales of its raw frac sand. This growth was supported by increased demand and efficient operations across its key markets. The company's strategic investments in logistics and terminal infrastructure have further enhanced its ability to meet customer needs and capitalize on market opportunities.

Smart Sand has emerged as a leader in the frac sand industry through its commitment to quality, strategic logistics, and customer-focused solutions. To fully understand the factors driving Smart Sand's success and its position in the market, continue reading to explore the detailed strategies and values that underpin its operations.

Smart Sand, Inc. (SND) Mission Statement

Smart Sand, Inc. is a fully integrated frac and industrial sand supply and services company. From the beginning, Smart Sand's mission has been to address the critical supply constraints in the oil field services sector and facilitate the delivery of large volumes of proppant directly to wellheads.

The company's strategic planning and technological investments are designed to provide industry-leading, reliable, environmentally friendly, and cost-effective access to API (American Petroleum Institute) Certified frac sand (proppant), making Smart Sand products the “Smart Choice” for the industry. Smart Sand is invested in sustainability, in our community and in the environment.

Smart Sand's mission encompasses several core components:

• Addressing critical supply constraints in the oil field services sector.
• Facilitating the delivery of large volumes of proppant directly to the wellheads.
• Providing industry-leading, reliable, environmentally friendly, and cost-effective access to API Certified frac sand.

The company aims to make North America energy independent and is proud to be part of the nation's efforts to be sustainable and energy independent.

Smart Sand is a fully integrated frac sand company providing mine-to-well site proppant supply and logistics. It produces Northern White frac sand for enhanced hydrocarbon recovery in oil and gas wells. The company offers products like Smart System, SmartBelt, SmartDepot Silo, and SmartPath Loader. It is expanding into industrial markets, including glass, ceramics, and renewable energy, while its main revenue comes from sand sales and logistics.

Smart Sand's logistics footprint includes all major rail lines, transload facilities across the country and ready, efficient access to locations in the United States, Canada and Mexico.

The company’s focus extends beyond just sand; it includes sustainable supply, massive reserves, quality focus, environmental sensitivity, and efficient logistics through unit train delivery capability.

Smart Sand delivered strong operating and financial results for the fourth quarter 2024 and the full year 2024. The Company experienced 17% sales volume growth for the year and 45% growth sequentially in the fourth quarter. The Company achieved its highest quarterly volumes and annual volumes in its history. Additionally, they delivered on their goals to generate positive free cash flow for the year and issued their first dividend, returning additional capital back to their shareholders.

In 2024, Smart Sand refinanced its debt, securing a new five-year $30 million ABL credit facility with First Citizens Bank and paying off the Oakdale Financing. The company also initiated an eighteen-month share repurchase program, authorizing the buyback of up to $10.0 million of its ordinary shares. Capital expenditures for 2024 were $7.0 million, with plans to increase this to between $13.0 million and $17.0 million in 2025, focusing on mining expansion and terminal investments to support future growth.

For the full year 2024, total revenue was $311.4 million, up 5% from $296.0 million in 2023. Net income for the year was $3.0 million, or $0.08 per basic and diluted share, compared to $4.6 million, or $0.12 per share, in 2023.

Here's more on Smart Sand's financial health: Breaking Down Smart Sand, Inc. (SND) Financial Health: Key Insights for Investors

Smart Sand, Inc. (SND) Vision Statement of

To fully understand the trajectory and guiding principles of Smart Sand, Inc., it's essential to delve into their mission, vision, and core values. These elements work together to define the company's purpose, desired future state, and the ethical framework within which they operate.

Mission Statement

Smart Sand, Inc.'s mission statement reflects its commitment to providing high-quality products and services to its customers. While a specific, publicly declared mission statement could not be readily verified as of April 2025, an analysis of the company's activities and public statements suggests an overarching mission focused on:

• Supplying superior Northern White sand.
• Offering reliable logistics solutions.
• Creating value for its stakeholders.

This inferred mission emphasizes the company's dedication to meeting the needs of the oil and gas industry through efficient and dependable services. The company’s financial performance in 2024, with a revenue of $162.2 million, underscores its role in the industry. Further insights into the company’s financial standing can be found at: Breaking Down Smart Sand, Inc. (SND) Financial Health: Key Insights for Investors.

Vision Statement

As of April 2025, a clearly articulated and officially published vision statement for Smart Sand, Inc. is not available in the public domain. However, based on the company's strategic initiatives and overall business objectives, a deduced vision statement could be:

To be a leading provider of proppant solutions, recognized for reliability, efficiency, and innovation, driving value for our customers and stakeholders in the energy sector.

This presumed vision highlights several key aspects:

• Leadership: Aspiring to be a top player in the proppant market.
• Reliability and Efficiency: Ensuring consistent and effective service delivery.
• Innovation: Continuously seeking improvements and advancements in their offerings.
• Value Creation: Delivering benefits to both customers and stakeholders.

In 2024, Smart Sand sold 2,054,000 tons, reflecting its significant operational scale and market presence. This sales volume illustrates the company's capacity to meet substantial demand and maintain a strong foothold in the industry.

Core Values

Smart Sand, Inc.'s core values guide its actions and define its culture. While specific, formally declared core values were not accessible as of April 2025, the company's operational practices and public communications suggest a commitment to:

• Safety: Prioritizing the well-being of employees and the community.
• Integrity: Conducting business ethically and transparently.
• Customer Focus: Striving to meet and exceed customer expectations.
• Operational Excellence: Pursuing continuous improvement in all processes.

These inferred core values align with industry standards and reflect a dedication to responsible and sustainable business practices. The company's strategic focus on cost-effective solutions and efficient logistics, achieving a delivered cost of $37 per ton in 2024, demonstrates its commitment to operational excellence and customer value.

Smart Sand, Inc. (SND) Core Values of

While specific details regarding Company's mission statement, vision, and core values as of April 2025 are not available in the provided search results, we can examine aspects of their operational focus and strategic initiatives to infer their likely core values. Understanding a company's values often comes from analyzing their actions, public statements, and long-term goals.

Based on available information, it is plausible that Company emphasizes values such as customer focus, operational excellence, sustainability, and innovation. These can be inferred from their business activities and industry positioning. Let's explore each of these potential core values in more detail.

Customer Focus

Customer focus is likely a key value for Company, given the nature of its business. Providing high-quality products and services to meet customer needs is essential for success in the industry. This commitment could be reflected in several ways:

• Ensuring timely and reliable delivery of products.
• Offering customized solutions to meet specific customer requirements.
• Providing excellent customer support and service.

Operational Excellence

Operational excellence is crucial for Company to maintain competitiveness and profitability. This value likely drives the company to:

• Improve efficiency and productivity across all operations.
• Implement rigorous quality control measures to ensure product consistency.
• Invest in technology and infrastructure to enhance operational capabilities.

Commitment to Sustainability

Company likely recognizes the importance of sustainable practices and environmental stewardship. This commitment may involve:

• Reducing the environmental impact of its operations.
• Adhering to strict environmental regulations and standards.
• Investing in innovative technologies to promote sustainability.

Focus on Innovation

In a rapidly evolving market, Company likely values innovation to stay ahead of the competition. This could manifest as:

• Investing in research and development to create new products and solutions.
• Encouraging a culture of creativity and continuous improvement.
• Adopting new technologies and processes to enhance efficiency and effectiveness.

To gain more insights into Company, explore: Smart Sand, Inc. (SND): History, Ownership, Mission, How It Works & Makes Money.