Aris Water Solutions (ARIS) 10-Q 7 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Aug. 05, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Securities Act File Number	001-40955
Entity Registrant Name	Aris Water Solutions, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-1022110
Entity Address, Address Line One	9651 Katy Freeway
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77024
City Area Code	832
Local Phone Number	304-7003
Title of 12(b) Security	Class A Common Stock, $0.01 par value per share
Trading Symbol	ARIS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Central Index Key	0001865187
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		30,567,279
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		27,543,565

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash	$ 11,526	$ 5,063
Other Receivables	13,432	12,767
Prepaids and Deposits	5,389	8,364
Total Current Assets	123,788	108,550
Fixed Assets
Property, Plant and Equipment	1,116,165	1,041,703
Accumulated Depreciation	(141,019)	(121,989)
Total Property, Plant and Equipment, Net	975,146	919,714
Intangible Assets, Net	213,750	232,277
Goodwill	34,585	34,585
Deferred Income Tax Assets, Net	18,510	22,634
Right-of-Use Assets	15,839	16,726
Other Assets	5,445	5,995
Total Assets	1,387,063	1,340,481
Liabilities and Stockholders' Equity
Insurance Premium Financing Liability	1,855	5,463
Accrued and Other Current Liabilities	50,261	64,416
Total Current Liabilities	94,907	96,698
Long-Term Debt, Net of Debt Issuance Costs	444,727	421,792
Asset Retirement Obligations	20,904	19,030
Tax Receivable Agreement Liability	98,274	98,274
Other Long-Term Liabilities	16,071	16,794
Total Liabilities	674,883	652,588
Commitments and Contingencies (see Note 10)
Stockholders' Equity
Preferred Stock $0.01 par value, 50,000,000 authorized. None issued or outstanding as of June 30, 2024 and December 31, 2023
Treasury Stock (at Cost), 551,288 shares as of June 30, 2024; 418,319 shares as of December 31, 2023	(6,730)	(5,133)
Additional Paid-in-Capital	335,183	328,543
Retained Earnings (Accumulated Deficit)	7,235	(87)
Total Stockholders' Equity Attributable to Aris Water Solutions, Inc.	336,273	323,904
Noncontrolling Interest	375,907	363,989
Total Stockholders' Equity	712,180	687,893
Total Liabilities and Stockholders' Equity	1,387,063	1,340,481
Class A Common Stock
Stockholders' Equity
Common stock value	310	306
Class B Common Stock
Stockholders' Equity
Common stock value	275	275
Nonrelated Party
Assets
Accounts Receivable, Net	64,309	59,393
Liabilities and Stockholders' Equity
Accounts Payable	42,112	25,925
Related Party
Assets
Accounts Receivable, Net	29,132	22,963
Liabilities and Stockholders' Equity
Accounts Payable	$ 679	$ 894

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	50,000,000	50,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Treasury Stock (in shares)	551,288	418,319
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	600,000,000	600,000,000
Common stock, issued (in shares)	31,104,226	30,669,932
Common stock, outstanding (in shares)	30,552,938	30,251,613
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	180,000,000	180,000,000
Common stock, issued (in shares)	27,543,565	27,543,565
Common stock, outstanding (in shares)	27,543,565	27,543,565

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue
Total Revenue	$ 101,117	$ 96,633	$ 204,523	$ 188,204
Cost of Revenue
Direct Operating Costs	40,194	44,446	79,840	88,291
Depreciation, Amortization and Accretion	19,707	19,086	39,128	37,692
Total Cost of Revenue	59,901	63,532	118,968	125,983
Operating Costs and Expenses
General and Administrative	16,037	12,682	30,538	24,481
Research and Development Expense	1,128	650	2,193	1,058
Other Operating Expense (Income), Net	132	(192)	1,047	25
Total Operating Expenses	17,297	13,140	33,778	25,564
Operating Income	23,919	19,961	51,777	36,657
Other Expense
Interest Expense, Net	8,813	7,971	17,251	15,632
Other			1
Total Other Expense	8,813	7,971	17,252	15,632
Income Before Income Taxes	15,106	11,990	34,525	21,025
Income Tax Expense	1,994	1,559	4,583	2,886
Net Income	13,112	10,431	29,942	18,139
Net Income Attributable to Noncontrolling Interest	7,147	5,733	16,354	10,063
Net Income Attributable to Aris Water Solutions, Inc.	$ 5,965	$ 4,698	$ 13,588	$ 8,076
Net Income Per Share of Class A Common Stock
Basic (in dollars per share)	$ 0.18	$ 0.15	$ 0.41	$ 0.25
Diluted (in dollars per share)	$ 0.18	$ 0.15	$ 0.41	$ 0.25
Weighted Average Shares of Class A Common Stock Outstanding
Basic (in shares)	30,549,092	30,036,593	30,451,553	29,985,869
Diluted (in shares)	30,589,997	30,036,593	30,472,005	29,985,869
Other Revenue
Revenue
Total Revenue	$ 440	$ 645	$ 969	$ 1,110
Nonrelated Party | Produced Water Handling
Revenue
Total Revenue	54,815	49,716	113,921	95,816
Nonrelated Party | Water Solutions
Revenue
Total Revenue	13,795	14,928	25,497	28,810
Related Party
Revenue
Total Revenue	32,000	31,300	64,100	62,500
Related Party | Produced Water Handling
Revenue
Total Revenue	28,614	23,181	55,441	46,321
Related Party | Water Solutions
Revenue
Total Revenue	$ 3,453	$ 8,163	$ 8,695	$ 16,147

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flow from Operating Activities
Net Income	$ 29,942	$ 18,139
Adjustments to reconcile Net Income to Net Cash provided by Operating Activities:
Deferred Income Tax Expense	3,770	2,837
Depreciation, Amortization and Accretion	39,128	37,692
Stock-Based Compensation	8,214	5,585
Abandoned Well Costs	310
Loss on Disposal of Assets, Net	114	57
Abandoned Projects	745	128
Amortization of Debt Issuance Costs, Net	1,436	1,041
Other	735	376
Changes in Operating Assets and Liabilities:
Accounts Receivable	(5,524)	15,097
Accounts Receivable from Affiliate	(6,169)	18,308
Other Receivables	(665)	(4,005)
Prepaids and Deposits	2,975	1,583
Accounts Payable	1,818	(1,001)
Payables to Affiliate	(215)	(578)
Accrued Liabilities and Other	(18,467)	1,208
Net Cash Provided by Operating Activities	58,147	96,467
Cash Flow from Investing Activities
Property, Plant and Equipment Expenditures	(56,879)	(77,981)
Deposit on Assets Held for Sale		1,750
Proceeds from the Sale of Property, Plant and Equipment	94
Net Cash Used in Investing Activities	(56,785)	(76,231)
Cash Flow from Financing Activities
Dividends and Distributions Paid	(11,817)	(10,743)
Repurchase of Shares	(1,326)	(599)
Repayment of Credit Facility	(15,000)	(36,000)
Proceeds from Credit Facility	37,000	30,000
Payment of Insurance Premium Financing	(3,756)
Net Cash Provided by (Used in) Financing Activities	5,101	(17,342)
Net Increase in Cash	6,463	2,894
Cash, Beginning of Period	5,063	1,122
Cash, End of Period	11,526	4,016
Supplementary Cash Flow Data
Cash Paid for Interest	16,805	17,413
Cash Paid for Income Taxes	$ 561	$ 80

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' and Members' Equity - USD ($) $ in Thousands	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings (Accumulated Deficit)	Non-controlling Interest	Class A Common Stock	Class B Common Stock	Total
Beginning Balance at Dec. 31, 2022	$ 300	$ 276	$ 319,545	$ (2,891)	$ (7,722)	$ 347,579			$ 657,087
Beginning Balance (in shares) at Dec. 31, 2022	30,115,979	27,575,519
Treasury Stock, Beginning Balance (in shares) at Dec. 31, 2022				196,762
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemption of Class B Shares for Class A Shares			267			(267)
Redemption of Class B Shares for Class A Shares (in shares)	20,953	(20,953)
Stock-based Compensation Expense	$ 2		2,383			83			2,468
Stock-based Compensation Expense (in shares)	175,717
Increase in TRA Liability Related to Share Redemption, Net			(110)						(110)
Deferred Tax Assets (Liabilities) Acquired			82						82
Dividends and Distributions (in dollars per share)					(2,826)	(2,588)			(5,414)
Purchase of Treasury Stock				$ (599)					(599)
Purchase of Treasury Stock (in shares)				42,293
Net Income					3,378	4,330			7,708
Ending Balance at Mar. 31, 2023	$ 302	$ 276	322,167	$ (3,490)	(7,170)	349,137			661,222
Ending Balance (in shares) at Mar. 31, 2023	30,312,649	27,554,566
Treasury Stock, Ending Balance (in shares) at Mar. 31, 2023				239,055
Beginning Balance at Dec. 31, 2022	$ 300	$ 276	319,545	$ (2,891)	(7,722)	347,579			657,087
Beginning Balance (in shares) at Dec. 31, 2022	30,115,979	27,575,519
Treasury Stock, Beginning Balance (in shares) at Dec. 31, 2022				196,762
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemption of Class B Shares for Class A Shares (in shares)	21,477
Net Income									18,139
Ending Balance at Jun. 30, 2023	$ 302	$ 276	323,799	$ (3,490)	(5,291)	353,770			669,366
Ending Balance (in shares) at Jun. 30, 2023	30,313,173	27,554,042
Treasury Stock, Ending Balance (in shares) at Jun. 30, 2023				239,055
Beginning Balance at Mar. 31, 2023	$ 302	$ 276	322,167	$ (3,490)	(7,170)	349,137			661,222
Beginning Balance (in shares) at Mar. 31, 2023	30,312,649	27,554,566
Treasury Stock, Beginning Balance (in shares) at Mar. 31, 2023				239,055
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemption of Class B Shares for Class A Shares			7			(7)
Redemption of Class B Shares for Class A Shares (in shares)	524	(524)
Stock-based Compensation Expense			1,626			1,491			3,117
Increase in TRA Liability Related to Share Redemption, Net			(3)						(3)
Deferred Tax Assets (Liabilities) Acquired			2						2
Dividends and Distributions (in dollars per share)					(2,819)	(2,584)			(5,403)
Net Income					4,698	5,733			10,431
Ending Balance at Jun. 30, 2023	$ 302	$ 276	323,799	$ (3,490)	(5,291)	353,770			669,366
Ending Balance (in shares) at Jun. 30, 2023	30,313,173	27,554,042
Treasury Stock, Ending Balance (in shares) at Jun. 30, 2023				239,055
Beginning Balance at Dec. 31, 2023	$ 306	$ 275	328,543	$ (5,133)	(87)	363,989			$ 687,893
Beginning Balance (in shares) at Dec. 31, 2023	30,669,932	27,543,565					30,251,613	27,543,565
Treasury Stock, Beginning Balance (in shares) at Dec. 31, 2023				418,319					418,319
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based Compensation Expense	$ 4		4,503			(986)			$ 3,521
Stock-based Compensation Expense (in shares)	428,044
Deferred Tax Assets (Liabilities) Acquired			224						224
Dividends and Distributions (in dollars per share)					(2,884)	(2,601)			(5,485)
Purchase of Treasury Stock			(18)	$ (1,581)		18			(1,581)
Purchase of Treasury Stock (in shares)				131,921
Net Income					7,623	9,207			16,830
Ending Balance at Mar. 31, 2024	$ 310	$ 275	333,252	$ (6,714)	4,652	369,627			701,402
Ending Balance (in shares) at Mar. 31, 2024	31,097,976	27,543,565
Treasury Stock, Ending Balance (in shares) at Mar. 31, 2024				550,240
Beginning Balance at Dec. 31, 2023	$ 306	$ 275	328,543	$ (5,133)	(87)	363,989			$ 687,893
Beginning Balance (in shares) at Dec. 31, 2023	30,669,932	27,543,565					30,251,613	27,543,565
Treasury Stock, Beginning Balance (in shares) at Dec. 31, 2023				418,319					418,319
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemption of Class B Shares for Class A Shares (in shares)	0
Net Income									$ 29,942
Ending Balance at Jun. 30, 2024	$ 310	$ 275	335,183	$ (6,730)	7,235	375,907			$ 712,180
Ending Balance (in shares) at Jun. 30, 2024	31,104,226	27,543,565					30,552,938	27,543,565
Treasury Stock, Ending Balance (in shares) at Jun. 30, 2024				551,288					551,288
Beginning Balance at Mar. 31, 2024	$ 310	$ 275	333,252	$ (6,714)	4,652	369,627			$ 701,402
Beginning Balance (in shares) at Mar. 31, 2024	31,097,976	27,543,565
Treasury Stock, Beginning Balance (in shares) at Mar. 31, 2024				550,240
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based Compensation Expense			2,509			2,184			4,693
Stock-based Compensation Expense (in shares)	6,250
Deferred Tax Assets (Liabilities) Acquired			(578)						(578)
Dividends and Distributions (in dollars per share)					(3,382)	(3,051)			(6,433)
Purchase of Treasury Stock				$ (16)					(16)
Purchase of Treasury Stock (in shares)				1,048
Net Income					5,965	7,147			13,112
Ending Balance at Jun. 30, 2024	$ 310	$ 275	$ 335,183	$ (6,730)	$ 7,235	$ 375,907			$ 712,180
Ending Balance (in shares) at Jun. 30, 2024	31,104,226	27,543,565					30,552,938	27,543,565
Treasury Stock, Ending Balance (in shares) at Jun. 30, 2024				551,288					551,288

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' and Members' Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Condensed Consolidated Statements of Stockholders' and Members' Equity
Dividends and Distributions Declared (in dollars per share)	$ 0.105	$ 0.09	$ 0.09	$ 0.09

Organization and Background of

Organization and Background of Business	6 Months Ended
	Jun. 30, 2024
Organization and Background of Business
Organization and Background of Business	1. Aris Water Solutions, Inc. (“Aris Inc.,” the “Company,” “we,” “our,” or “us”) is an independent, environmentally-focused company headquartered in Houston, Texas, that, through its controlling interest in Solaris Midstream Holdings, LLC, a Delaware limited liability company (“Solaris LLC”), provides sustainability-enhancing services to oil and natural gas operators. We strive to build long-term value through the development, construction and operation of integrated produced water handling and recycling infrastructure that provides high-capacity, comprehensive produced water management, recycling and supply solutions for operators in the Permian Basin. We are the parent holding company of Solaris LLC. As the sole managing member of Solaris LLC, we operate and control the business and affairs of Solaris LLC, and through Solaris LLC and its subsidiaries, conduct our business. We consolidate the financial results of Solaris LLC and report a noncontrolling interest related to the portion of Solaris LLC units not owned by us. These unaudited condensed consolidated financial statements reflect the financial statements of the consolidated Company including Aris Inc., Solaris LLC and Solaris LLC’s subsidiaries. ​

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Basis of Presentation and Significant Accounting Policies
Basis of Presentation and Significant Accounting Policies	2. Basis of Presentation All dollar amounts, except per share/unit amounts, in the condensed consolidated financial statements and tables in the notes are stated in thousands of dollars unless otherwise indicated. Interim Financial Statements These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). These financial statements have not been audited by our independent registered public accounting firm. These condensed consolidated financial statements include the adjustments and accruals, all of which are of a normal recurring nature, necessary for a fair presentation of the results for the interim periods. These interim results are not necessarily indicative of results for a full year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2023 . Consolidation We have determined that the members with equity at risk in Solaris LLC lack the authority, through voting rights or similar rights, to direct the activities that most significantly impact Solaris LLC’s economic performance; therefore, Solaris LLC is considered a variable interest entity. As the managing member of Solaris LLC, we operate and control all of the business and affairs of Solaris LLC, as well as have the obligation to absorb losses or the right to receive benefits that could be potentially significant to us. Therefore, we are considered the primary beneficiary and consolidate Solaris LLC . Noncontrolling Interest As of June 30, 2024, we own approximately 53% of Solaris LLC. Our condensed consolidated financial statements include a noncontrolling interest representing the percentage of Solaris LLC units not held by us . Use of Estimates Management has made certain estimates and assumptions that affect reported amounts in these condensed consolidated financial statements and disclosures of contingencies. These estimates include, among others, determining the fair values of assets acquired, liabilities assumed, and/or contingent consideration paid in acquisitions or nonmonetary exchanges or disposed of through sale, determining the fair value and related impairment of long-lived assets, determining the fair value of performance-based restricted stock units (“PSUs”), useful lives of property, plant and equipment and amortizable intangible assets, goodwill impairment testing, the fair value of asset retirement obligations, accruals for environmental matters, the income tax provision, valuation allowances for deferred tax assets and our Tax Receivable Agreement (“TRA”) liability. Management evaluates estimates and assumptions on an ongoing basis using historical experience and other factors, including current economic and industry conditions. Actual results could differ from management’s estimates as additional information or actual results become available in the future, and those differences could be material. Reclassification of Prior Year Presentation Certain prior period amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations. Significant Accounting Policies See Note 2. Significant Accounting Policies Fair Value Information The fair value of our 7.625% Senior Sustainability-Linked Notes (the “Notes”), which are fixed-rate debt, is estimated based on the published market prices for the same or similar issues. Management has designated this measurement as a Level 2 fair value measurement. The fair value of our Credit Facility (as defined below) approximates carrying value as the debt bears interest at a variable rate which is reflective of current rates otherwise available to us. Management has designated this measurement as Level 3. Fair value information regarding our debt is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) ​ June 30, 2024 ​ December 31, 2023 ​ ​ Carrying ​ Fair ​ Carrying ​ Fair ​ Amount Value Amount Value Senior Sustainability-Linked Notes ​ $ 400,000 ​ $ 401,500 ​ $ 400,000 ​ $ 405,090 Credit Facility ​ $ 48,000 ​ $ 48,000 ​ $ 26,000 ​ $ 26,000 ​ The carrying values of our other financial instruments, consisting of cash, accounts receivable, accounts payable and our insurance premium financing liability, approximate their fair values due to the short maturity of such instruments . Intangible Assets Intangible assets are net of accumulated amortization of $152.9 million and $134.4 million at June 30, 2024 and December 31, 2023, respectively . Related Parties We and ConocoPhillips, one of our principal owners, are parties to a long-term water gathering and handling agreement, pursuant to which ConocoPhillips dedicates all the produced water generated from its current and future acreage in a defined area of mutual interest in New Mexico and Texas. As of June 30 , 2024 and December 31, 2023, we had receivables of $29.1 million and $23.0 million, respectively, from ConocoPhillips that were recorded in “Accounts Receivable from Affiliate” on the condensed consolidated balance sheet. As of June 30 , 2024 and December 31, 2023, we had payables of $0.7 million and $0.9 million, respectively, to ConocoPhillips that were recorded in “Payables to Affiliate” on the condensed consolidated balance sheet. Revenues related to ConocoPhillips were $32.0 million and $64.1 million, respectively, for the three and six months ended June 30 , 2024. Revenues related to ConocoPhillips were $31.3 million and $62.5 million, respectively, for the three and six months ended June 30 , 202 3 . Collaborative Arrangements We have a beneficial reuse strategic agreement (the “Joint Industry Project” or “JIP”) with Chevron U.S.A. Inc., ConocoPhillips and Exxon Mobil Corporation (collectively with us, the “alliance members”) to develop and pilot technologies and processes to treat produced water for potential beneficial reuse opportunities. We previously referred to this agreement as the Beneficial Reuse Strategic Agreement. We account for reimbursements of research and development costs under the JIP as contra-expenses in the period such expenses are incurred. This reflects the joint risk sharing nature of these activities within the collaborative arrangement. We classify advance billings or receivables recorded as “Accrued and Other Current Liabilities” or “Other Receivables,” respectively, on our condensed consolidated balance sheet. For the three and six months ended June 30, 2024, we incurred $2.6 million and $5.2 million, respectively, in total research and development expenses relating to the JIP, which was offset by $1.9 million and $3.9 million, respectively, in amounts due from the other alliance members for reimbursement of these shared costs. For the three and six months ended June 30, 2023, we incurred $2.0 million and $2.1 million, respectively, in total research and development expenses relating to the JIP, which was offset by $1.5 million and $1.6 million, respectively, in amounts due from the other alliance members for reimbursement of these shared costs. Recent Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, “ The amendments in this ASU primarily relate to the rate reconciliation and income taxes paid disclosures and improve the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. This ASU is effective for annual periods beginning after December 15, 2024 and may be applied prospectively or retrospectively. Other than the required disclosures, we do not expect a material impact on our condensed consolidated financial statements and related disclosures upon adoption. In November 2023, the FASB issued ASU 2023-07, “ .” This ASU improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amendments in this ASU require disclosure of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. This ASU is effective for annual periods beginning after December 15, 2024 and should be applied prospectively. Other than the required disclosures, we do not expect a material impact on our condensed consolidated financial statements and related disclosures upon adoption.

Additional Financial Statement

Additional Financial Statement Information	6 Months Ended
	Jun. 30, 2024
Additional Financial Statement Information
Additional Financial Statement Information	3. Balance Sheet Other balance sheet information is as follows: ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) June 30, December 31, ​ 2024 2023 Other Receivables ​ ​ ​ ​ ​ ​ Insurance and Third Party Receivables for Remediation Expenses ​ $ 4,342 ​ $ 4,064 Reimbursable Research and Development Receivable ​ ​ — ​ ​ 1,450 Property Insurance Receivable ​ ​ 2,337 ​ ​ 4,000 Reimbursable Projects ​ ​ 6,753 ​ ​ 3,253 Total Other Receivables ​ $ 13,432 ​ $ 12,767 ​ ​ ​ ​ ​ ​ ​ Prepaids and Deposits ​ ​ ​ ​ ​ ​ Prepaid Insurance ​ $ 2,071 ​ $ 5,494 Other Prepaids and Deposits ​ ​ 3,318 ​ ​ 2,870 Total Prepaids and Deposits ​ $ 5,389 ​ $ 8,364 ​ ​ ​ ​ ​ ​ ​ Accrued and Other Current Liabilities ​ ​ ​ ​ ​ ​ Accrued Operating Expense ​ $ 19,675 ​ $ 33,491 Accrued Capital Costs ​ ​ 7,500 ​ ​ 3,812 Accrued Interest ​ ​ 8,260 ​ ​ 8,510 Accrued Compensation ​ ​ 6,066 ​ ​ 10,118 Sales Tax Payable ​ ​ 2,949 ​ ​ 1,645 Lease Liabilities ​ ​ 1,763 ​ ​ 1,676 Contingent Consideration Liability ​ ​ 1,078 ​ ​ 1,221 Other ​ ​ 2,970 ​ ​ 3,943 Total Accrued and Other Current Liabilities ​ $ 50,261 ​ $ 64,416 ​ ​ ​ ​ ​ ​ ​ Other Long-Term Liabilities ​ ​ ​ ​ ​ ​ Noncurrent Lease Liabilities ​ $ 14,242 ​ $ 14,716 Contingent Consideration Liability ​ ​ 1,829 ​ ​ 2,078 Total Other Long-Term Liabilities ​ $ 16,071 ​ $ 16,794 ​ Statement of Operations Other statement of operations information is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) ​ Three Months Ended ​ Six Months Ended ​ ​ June 30, ​ June 30, ​ 2024 2023 2024 2023 Depreciation, Amortization and Accretion Expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation - Property, Plant and Equipment ​ $ 10,105 ​ $ 9,335 ​ $ 19,944 ​ $ 18,197 Amortization - Intangible Assets ​ ​ 9,264 ​ ​ 9,451 ​ ​ 18,527 ​ ​ 18,903 Accretion of Asset Retirement Obligations ​ ​ 338 ​ ​ 300 ​ ​ 657 ​ ​ 592 Total Depreciation, Amortization and Accretion Expense ​ $ 19,707 ​ $ 19,086 ​ $ 39,128 ​ $ 37,692 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Operating Expense (Income), Net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss on Disposal of Assets, Net ​ $ 168 ​ $ 70 ​ $ 114 ​ $ 57 Abandoned Projects ​ ​ 16 ​ ​ 128 ​ ​ 745 ​ ​ 128 Abandoned Well Costs ​ ​ (25) ​ ​ — ​ ​ 310 ​ ​ — Transaction Costs ​ ​ 89 ​ ​ 100 ​ ​ 96 ​ ​ 145 Other ​ ​ (116) ​ ​ (490) ​ ​ (218) ​ ​ (305) Other Operating Expense (Income), Net ​ $ 132 ​ $ (192) ​ $ 1,047 ​ $ 25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest on Debt Instruments ​ $ 8,596 ​ $ 8,543 ​ $ 16,897 ​ $ 17,104 Amortization of Debt Issuance Costs ​ ​ 763 ​ ​ 608 ​ ​ 1,529 ​ ​ 1,218 Total Interest Expense ​ ​ 9,359 ​ ​ 9,151 ​ ​ 18,426 ​ ​ 18,322 Less: Capitalized Interest ​ ​ (546) ​ ​ (1,180) ​ ​ (1,175) ​ ​ (2,690) Total Interest Expense, Net ​ $ 8,813 ​ $ 7,971 ​ $ 17,251 ​ $ 15,632 ​

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment.
Property, Plant and Equipment	4. Property, plant and equipment (“PP&E”) is stated at cost, less accumulated depreciation. Depreciation is calculated on a straight-line basis over the estimated useful service life of the asset. PP&E consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) June 30, December 31, ​ 2024 2023 Wells, Facilities, Water Ponds and Related Equipment ​ $ 599,218 ​ $ 561,059 Pipelines ​ ​ 451,999 ​ ​ 427,528 Vehicles, Equipment, Computers and Office Furniture ​ ​ 25,527 ​ ​ 24,496 Assets Subject to Depreciation ​ ​ 1,076,744 ​ ​ 1,013,083 Land ​ ​ 463 ​ ​ 463 Projects and Construction in Progress ​ ​ 38,958 ​ ​ 28,157 Total Property, Plant and Equipment ​ ​ 1,116,165 ​ ​ 1,041,703 Accumulated Depreciation ​ ​ (141,019) ​ ​ (121,989) Total Property, Plant and Equipment, Net ​ $ 975,146 ​ $ 919,714 ​ Accrued PP&E additions totaled $31.2 million and $13.1 million at June 30, 2024 and December 31, 2023, respectively. Abandoned Projects During the first quarter of 2024, we recorded $0.7 million in abandoned project expense related to the write-off of permits for water handling facilities and right-of-way easements that either expired prior to use or that we no longer planned to use for future projects. During the second quarter of 2023, we recorded $0.1 million in abandoned project expense. Abandoned project expense is recorded in “Other Operating Expense (Income), Net” in the condensed consolidated statements of operations. Assets Held for Sale During the second quarter of 2023, management entered into a letter of intent with a third party to sell certain of our assets. These assets met the criteria for classification as assets held for sale as of June 30, 2023, and we received a $1.8 million deposit related to the anticipated sale. We closed the sale of these assets during the third quarter of 2023.

Tax Receivable Agreement Liabil

Tax Receivable Agreement Liability	6 Months Ended
	Jun. 30, 2024
Tax Receivable Agreement Liability
Tax Receivable Agreement Liability	5. Our tax receivable agreement (“TRA”) with the legacy owners of Solaris LLC units (each such person, a “TRA Holder,” and together, the “TRA Holders”) generally provides for the payment by us to each TRA Holder of 85% of the net cash savings, if any, in U.S. federal, state and local income tax and franchise tax that we actually realize (computed by simplifying assumptions to address the impact of state and local taxes) or, are deemed to realize in certain circumstances, in periods after our initial public offering (the “IPO”) as a result of certain increases in tax basis that occur as a result of our acquisition or Solaris LLC’s redemption, respectively, of all or a portion of such TRA Holder’s Solaris LLC units in connection with the IPO or pursuant to the exercise of a redemption right or call right. We retain the remaining 15% of these cash savings. The future benefit of these cash savings is included, alongside other tax attributes, in our total deferred income tax asset balance at June 30, 2024. As of June 30, 2024 and December 31, 2023, the TRA liability totaled $98.3 million. If we experience a change of control (as defined under the TRA, which includes certain mergers, asset sales and other forms of business combinations and change of control events) or the TRA terminates early (at our election or as a result of our breach), we could be required to make an immediate lump-sum payment (or “early termination payment”) under the terms of the TRA, which can be significantly impacted by the closing price of our Class A shares on the applicable redemption date. We currently do not anticipate experiencing a change of control or an early termination of the TRA.

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt
Debt	6. Our debt consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) June 30, December 31, ​ 2024 2023 7.625% Senior Sustainability-Linked Notes ​ $ 400,000 ​ $ 400,000 Credit Facility ​ ​ 48,000 ​ ​ 26,000 Total Long-Term Debt ​ ​ 448,000 ​ ​ 426,000 Less: Unamortized Debt Issuance Costs ​ ​ (3,273) ​ ​ (4,208) Total Long-Term Debt, Net of Debt Issuance Costs ​ $ 444,727 ​ $ 421,792 Insurance Premium Financing Liability ​ $ 1,855 ​ $ 5,463 Total Debt ​ $ 446,582 ​ $ 427,255 (1) Credit Facility borrowings bore weighted average interest rates of 8.165% and 8.276% at June 30, 2024 and December 31, 2023, respectively. Senior Sustainability-Linked Notes Our 7.625% Senior Sustainability-Linked Notes (the “Notes”) are due April 1, 2026. The Notes are unsecured and effectively subordinated to the Credit Facility to the extent of the value of the collateral securing the Credit Facility (see below). The Notes are guaranteed on a senior unsecured basis by our wholly-owned subsidiaries. Interest on the Notes is payable on April 1 and October 1 of each year. We may redeem all or part of the Notes at any time at redemption prices ranging from 103.8125% through March 31, 2025 to 100% on or after April 1, 2025. If we undergo a change of control, we may be required to repurchase all or a portion of the Notes at a price equal to 101% of the principal amount of the Notes, plus accrued interest. Credit Facility Our amended and restated credit agreement (as it may be amended and/or restated from time to time, the “Credit Agreement”) provides for, among other things, (i) commitments of $350.0 million, (ii) a maturity date of October 12, 2027, with a springing maturity of 91 days ahead of the Notes’ due date of April 1, 2026 in the event the Notes are voluntarily redeemed, repurchased, refinanced or otherwise retired in full prior to such springing maturity date, (iii) loans made under our revolving credit facility (the “Credit Facility”) and unused commitment fees to be determined based on a leverage ratio ranging from 3.00:1.00 to 4.50:1.00, (iv) an accordion feature permitting the Company to seek an increase of the Credit Facility of up to $150.0 million, subject to certain conditions, (v) a leverage ratio covenant which comprises a maximum total funded debt to EBITDA ratio, net of $40.0 million of unrestricted cash and cash equivalents if the facility is drawn, and net of all unrestricted cash and cash equivalents if the facility is undrawn, (vi) a leverage ratio covenant test level which is currently 4.50 to 1.00 and (vii) a secured leverage covenant of 2.50 to 1.00. The Credit Facility provides for: i. Base rate borrowings that bear interest at the highest of (a) the prime rate, (b) the federal funds effective rate plus 0.50% and (c) Term SOFR for an interest period of one month plus 1.00% ; plus a margin that ranges from 175 basis points to 275 basis points, depending upon our leverage ratio; or ii. SOFR borrowings that bear interest at Term SOFR plus SOFR Adjustment of 0.10% plus a margin that ranges from 275 basis points to 375 basis points, depending upon our leverage ratio. In addition, the Credit Facility provides for commitment fee rates that range from 37.5 basis points to 50.0 basis points, depending upon our leverage ratio. As of June 30, 2024, we had $3.3 million in letters of credit outstanding and $298.7 million in revolving commitments available. The Credit Facility is secured by all the real and material personal property owned by Solaris LLC or any of its subsidiaries, other than certain excluded assets. As of June 30, 2024, we were in compliance with all covenants contained in the Credit Facility. Insurance Premium Financing In the fourth quarter of 2023, we entered into a short-term agreement with a third-party to finance certain insurance premiums for an aggregate amount of $6.6 million. The insurance premium financing is repayable in monthly installments of principal and interest through September 2024. As of June 30, 2024, the remaining balance was $1.9 million and is included in “Insurance Premium Financing Liability” on the condensed consolidated balance sheet.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases
Leases	7. In the normal course of business, we enter into operating lease agreements to support our operations. Our leased assets include right-of-way easements for our wells and facilities, office space and other assets. We currently have no finance leases. Balance Sheet Information The following table provides supplemental consolidated balance sheet information related to leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) ​ ​ June 30, December 31, ​ Classification ​ 2024 ​ 2023 Assets ​ ​ ​ ​ ​ ​ ​ Right-of-Use Assets Right-of-Use Assets ​ $ 15,839 ​ $ 16,726 Liabilities ​ ​ ​ ​ ​ ​ ​ Current Lease Liabilities Accrued and Other Current Liabilities ​ $ 1,763 ​ $ 1,676 Noncurrent Lease Liabilities Other Long-Term Liabilities ​ ​ 14,242 ​ ​ 14,716 ​ Statement of Operations Information The following table provides the components of lease cost, excluding lease costs related to short-term leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2024 2023 ​ ​ 2024 2023 Direct Operating Costs $ 340 ​ $ 310 ​ $ 676 ​ $ 603 General and Administrative ​ 517 ​ ​ 177 ​ ​ 1,034 ​ ​ 397 Total Lease Cost $ 857 ​ $ 487 ​ $ 1,710 ​ $ 1,000 ​ Short-Term Leases Our short-term lease costs, which consisted primarily of field equipment rentals, totaled $3.7 million and $3.2 million for the three months ended June 30, 2024 and 2023, respectively, and $6.8 million and $7.7 million for the six months ended June 30, 2024 and 2023, respectively. Cash Flow Information The following table summarizes supplemental cash flow information related to leases: ​ ​ ​ ​ ​ ​ ​ (in thousands) Six Months Ended June 30, ​ ​ 2024 ​ 2023 Cash Paid for Amounts Included in Lease Liabilities $ 1,209 ​ $ 625 Right-of-Use Assets Obtained in Exchange for Operating Lease Liabilities, Net ​ 333 ​ ​ 1,415 ​ Lease Terms and Discount Rates The following table provides lease terms and discount rates related to leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 Weighted Average Remaining Lease Term (Years) ​ ​ 7.2 ​ ​ 7.6 Weighted Average Discount Rate ​ ​ 6.34% ​ ​ 6.30% ​ Annual Lease Maturities The following table provides maturities of lease liabilities at : ​ ​ ​ ​ ​ ​ (in thousands) ​ ​ ​ ​ Remainder of 2024 ​ ​ $ 1,300 2025 ​ ​ ​ 2,210 2026 ​ ​ ​ 1,941 2027 ​ ​ ​ 3,182 2028 ​ ​ ​ 2,748 Thereafter ​ ​ ​ 8,941 Total Lease Payments ​ ​ ​ 20,322 Less: Interest ​ ​ ​ (4,317) Present Value of Lease Liabilities ​ ​ $ 16,005 ​ ​ ​ ​ ​ Subleases During the fourth quarter of 2023, we entered into two subleases related to our previous office space in Houston, Texas. The subtenants are responsible for monthly fixed rent and certain operating expenses associated with the office building, including utilities, which are considered variable lease payments. The sublease income is recorded as a reduction of rent expense under our head lease and is included in “General and Administrative” expense on the consolidated statements of operations. During the three and six months ended June 30, 2024, we recognized total sublease income of $0.1 million and $0.3 million, respectively, including variable lease payments.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Taxes
Income Taxes	8. Our predecessor, Solaris LLC, is a Delaware limited liability company treated as a partnership for federal income tax purposes and, therefore, has not been subject to U.S. federal income tax at an entity level. As a result, the consolidated net income (loss) in our historical financial statements does not reflect the tax expense (benefit) we would have incurred if we were subject to U.S. federal income tax at an entity level during periods prior to the IPO. Solaris LLC continues to be treated as a partnership for U.S. federal income tax purposes and, as such, is not subject to U.S. federal income tax. Instead, taxable income is allocated to members, including Aris Inc., and except for Texas franchise tax, any taxable income of Solaris LLC is reported in the respective tax returns of its members. Income Tax Expense We recorded income tax expense of $2.0 million and $4.6 million for the three and six months ended June 30, 2024, respectively, of which $0.3 million and $0.8 million was current, respectively, and the remainder was deferred. We recorded income tax expense of $1.6 million and $2.9 million for the three and six months ended June 30, 2023, respectively, substantially all of which was deferred. Effective Tax Rate We record our income tax expense using an estimated annual effective tax rate (“ETR”) and recognize specific events discretely as they occur. The ETR for the six months ended June 30, 2024 and 2023 was 13.3% and 13.7%, respectively. The difference between the federal statutory rate and our estimated annual ETR is primarily due to the impact of the noncontrolling interest. Deferred Tax Assets We regularly evaluate the realizable tax benefits of deferred tax assets and record a valuation allowance, if required, based on an estimate of the amount of deferred tax assets that we believe does not meet the more-likely-than-not criteria of being realized. The balance of our “Deferred Income Tax Assets, Net” on the condensed consolidated balance sheet decreased $4.1 million during the six months ended June 30, 2024, primarily as a result of net income during the period. Tax Examinations Solaris LLC files income tax returns in the U.S. federal jurisdiction and various states. There are currently no federal or state income tax examinations underway for these jurisdictions. Its federal and state returns remain open to examination for tax years 2019 through 2023.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity
Stockholders' Equity	9. Redemptions During the six months ended June 30, 2024 and 2023, zero and 21,477 Solaris LLC units, respectively, together with an equal number of shares of our Class B common stock, were redeemed for shares of our Class A common stock on a one-for-one basis. Dividends and Distributions Our Board of Directors declared a dividend of $0.09 per share and $0.105 per share for the first and second quarters of 2024, respectively, on our Class A common stock. In conjunction with the dividend payments, a distribution of $0.09 per unit and $0.105 per unit was paid to unit holders of Solaris LLC for the first and second quarters of 2024, respectively, subject to the same payment and record dates. Our Board of Directors declared a dividend on our Class A common stock for the third quarter of 2024 of $0.105 per share. In conjunction with the dividend payment, a distribution of $0.105 per unit will be paid to unit holders of Solaris LLC. The dividend will be paid on September 19, 2024 to holders of record of our Class A common stock as of the close of business on September 5, 2024. The distribution to unit holders of Solaris LLC will be subject to the same payment and record dates. Treasury Stock During the six months ended June 30, 2024 and 2023, 109,862 shares and 42,293 shares, respectively, of our Class A common stock were withheld for the payment of taxes due on shares of common stock issued to employees under our 2021 Equity Incentive Plan. In connection with an asset acquisition in 2022, certain shares of our Class A common stock issued to the seller were held in escrow and could be released to the Company under certain conditions, including for the reimbursement of certain post-acquisition workover costs pursuant to the terms of the asset purchase agreement. During the first quarter of 2024, 23,107 of these escrow shares were released and returned to the Company for reimbursement of such workover costs and are included in “Treasury Stock” at a value of $0.3 million, which was their fair market value at the date of receipt. The receipt of these shares was recorded as a non-cash treasury stock transaction, with an allocation of the difference between the contractually ascribed value of the shares per the asset purchase agreement and the cost of the shares at the date of receipt recorded against the workover costs in the amount of $0.1 million. As of March 31, 2024, there were no remaining shares left in escrow.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies.
Commitments and Contingencies	10. In the normal course of business, we are subject to various claims, legal actions, contract negotiations and disputes. We provide for losses, if any, in the period in which they become probable and can be reasonably estimated. In management’s opinion, there are currently no such matters outstanding that would have a material effect on the accompanying consolidated financial statements. Delivery Commitment We have an agreement with an unaffiliated water disposal company to dispose of a minimum volume of produced water. As of June 30, 2024, the remaining term of this commitment was 6.0 years with a remaining minimum commitment of $23.3 million, undiscounted. Purchase Obligations In the normal course of business, we enter into short-term purchase obligations for products and services, primarily related to purchases of pipe, pumps and other components. As of June 30, 2024, we had purchase obligations and commitments of approximately $14.8 million due in the next twelve months. Environmental We are also subject to various federal, state and local laws and regulations relating to the protection of the environment. For the three and six months ended June 30, 2024, we recognized $0.3 million and $0.7 million of expense, respectively, related to environmental matters that were recorded in “Direct Operating Costs” in the condensed consolidated statements of operations. For the three and six months ended June 30, 2023, the expense related to environmental matters was $1.5 million and $2.9 million, respectively. As of June 30, 2024, we accrued insurance proceeds and third-party receivables of $5.9 million, of which $4.3 million are included in “Other Receivables” and $1.6 million are included in “Other Assets.” As of December 31, 2023, we accrued insurance proceeds and third-party receivables of $5.7 million, of which $4.1 million are included in “Other Receivables” and $1.6 million are included in “Other Assets.” We believe these proceeds are probable to collect and are reasonably estimable. Although we believe these estimates are reasonable, actual results could differ from these estimates.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	11. Earnings Per Share Net Income Per Share Basic and diluted net income per share attributable to our Class A common stock is computed by dividing net income attributable to Aris Water Solutions, Inc. by the weighted average number of shares of Class A common stock outstanding for the same period, including shares of restricted stock and restricted stock units (“RSUs”), which receive nonforfeitable dividends. Shares issued during the period are weighted for the portion of the period in which the shares were outstanding. The following table sets forth the computation of basic and diluted net income per share attributable to our Class A common stock for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands, except for share and per share amounts) Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2024 ​ ​ 2023 ​ ​ 2024 ​ ​ 2023 Net Income Attributable to Stockholders' Equity $ 13,112 ​ $ 10,431 ​ $ 29,942 ​ $ 18,139 Less: Net Income Attributable to Noncontrolling Interest ​ 7,147 ​ ​ 5,733 ​ ​ 16,354 ​ ​ 10,063 Net Income Attributable to Aris Water Solutions, Inc. ​ 5,965 ​ ​ 4,698 ​ ​ 13,588 ​ ​ 8,076 Participating Basic Earnings (1) ​ (460) ​ ​ (300) ​ ​ (991) ​ ​ (498) Basic Net Income Attributable to Aris Water Solutions, Inc. $ 5,505 ​ $ 4,398 ​ $ 12,597 ​ $ 7,578 Reallocation of Participating Net Income ​ - ​ ​ - ​ ​ - ​ ​ - Diluted Net Income Attributable to Aris Water Solutions, Inc. $ 5,505 ​ $ 4,398 ​ $ 12,597 ​ $ 7,578 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic Weighted Average Shares Outstanding ​ 30,549,092 ​ ​ 30,036,593 ​ ​ 30,451,553 ​ ​ 29,985,869 Dilutive Performance-Based Stock Units ​ 40,905 ​ ​ - ​ ​ 20,452 ​ ​ - Dilutive Weighted Average Shares Outstanding ​ 30,589,997 ​ ​ 30,036,593 ​ ​ 30,472,005 ​ ​ 29,985,869 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic Net Income Per Share of Class A Common Stock $ 0.18 ​ $ 0.15 ​ $ 0.41 ​ $ 0.25 Diluted Net Income Per Share of Class A Common Stock $ 0.18 ​ $ 0.15 ​ $ 0.41 ​ $ 0.25 ​ (1) Unvested shares of restricted stock and RSUs represent participating securities because they participate in nonforfeitable dividends or distributions with the common equity holders of the Company. Participating earnings represent the distributed and undistributed earnings of the Company attributable to participating securities. Unvested RSUs do not participate in undistributed net losses as they are not contractually obligated to do so. Shares of Class B common stock are considered potentially dilutive shares of Class A common stock because they may be redeemed for shares of Class A common stock on a one-for-one basis. A total of 27,543,565 weighted average shares of Class B common stock outstanding for the three and six months ended June 30, 2024 were determined to be antidilutive and were excluded from the computation of diluted earnings per share of Class A common stock. In addition, zero and 11,525 PSUs were determined to be antidilutive for the three and six months ended June 30, 2024, respectively, and were excluded from the computation of diluted earnings per share for those periods. A total of 27,554,393 weighted average shares and 27,561,348 weighted average shares of Class B common stock outstanding for the three and six months ended June 30, 2023, respectively, were determined to be antidilutive and were excluded from the computation of diluted earnings per share of Class A common stock. In addition, all PSUs were determined to be antidilutive for each period and were excluded from the computation of diluted earnings per share for those periods.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2024
Stock-Based Compensation
Stock-Based Compensation	12. Our 2021 Equity Incentive Plan allows for the grant of, among other types of awards, stock options; restricted stock; RSUs; and PSUs. Restricted Stock and Restricted Stock Units RSU activity during the period was as follows: ​ ​ ​ ​ ​ ​ ​ ​ RSUs Weighted-Average Grant Date Fair Value Outstanding at December 31, 2023 ​ 1,606,303 ​ $ 11.72 Granted ​ 1,437,739 ​ ​ 12.08 Forfeited ​ (63,432) ​ ​ 11.90 Vested ​ (434,294) ​ ​ 11.74 Outstanding at June 30, 2024 ​ 2,546,316 ​ $ 11.91 ​ The RSUs generally vest in the following installments: (i) one-third one-third one-third roximately $ million of compensation cost related to unvested shares of restricted stock and RSUs remained to be recognized. The cost is expected to be recognized over a weighted-average period of years. Performance-Based Restricted Stock Units PSU activity during the period was as follows: ​ ​ ​ ​ ​ ​ ​ ​ PSUs Weighted-Average Grant Date Fair Value Outstanding at December 31, 2023 ​ 404,993 ​ $ 13.06 Granted ​ 281,527 ​ ​ 29.38 Forfeited ​ (9,957) ​ ​ 14.23 Outstanding at June 30, 2024 ​ 676,563 ​ $ 19.83 ​ The PSUs granted in 2024 were granted to management under the 2021 Plan and have the following performance criteria: ● Relative PSUs: 50% of the PSUs are based on total shareholder return relative to the total shareholder return of a predetermined group of peer companies. This relative total shareholder return is calculated at the end of the performance periods stipulated in the PSU agreement. ● Absolute PSUs: 50% of the PSUs have a performance criteria of absolute total shareholder return calculated at the end of the performance period stipulated in the PSU agreement. The vesting and payout of the PSUs occur when the related service condition is completed, which is approximately three years after the grant date regardless of the duration of the stipulated performance period. The PSUs can be paid out in either Class A common stock or cash, at our election. Dividends accrue on PSUs and are paid upon vesting. As of , approximately $ million of compensation cost related to unvested PSUs remained to be recognized. The cost is expected to be recognized over a weighted-average period of years. The grant date fair value was determined using the Monte Carlo simulation method and is expensed ratably over the service period. Expected volatilities used in the fair value simulation were estimated using historical periods consistent with the remaining performance periods. The risk-free rate was based on the U.S. Treasury rate for a term commensurate with the expected life of the grant. We used the following assumptions to estimate the fair value of PSUs granted during the six months ended June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ Assumptions Risk-free Interest Rate ​ ​ 4.67% ​ Volatility Range ​ 17.04% - 61.19% ​

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 5,965	$ 4,698	$ 13,588	$ 8,076

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Basis of Presentation and Significant Accounting Policies
Basis of Presentation	Basis of Presentation All dollar amounts, except per share/unit amounts, in the condensed consolidated financial statements and tables in the notes are stated in thousands of dollars unless otherwise indicated.
Interim Financial Statements	Interim Financial Statements These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). These financial statements have not been audited by our independent registered public accounting firm. These condensed consolidated financial statements include the adjustments and accruals, all of which are of a normal recurring nature, necessary for a fair presentation of the results for the interim periods. These interim results are not necessarily indicative of results for a full year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2023 .
Consolidation	Consolidation We have determined that the members with equity at risk in Solaris LLC lack the authority, through voting rights or similar rights, to direct the activities that most significantly impact Solaris LLC’s economic performance; therefore, Solaris LLC is considered a variable interest entity. As the managing member of Solaris LLC, we operate and control all of the business and affairs of Solaris LLC, as well as have the obligation to absorb losses or the right to receive benefits that could be potentially significant to us. Therefore, we are considered the primary beneficiary and consolidate Solaris LLC .
Noncontrolling Interest	Noncontrolling Interest As of June 30, 2024, we own approximately 53% of Solaris LLC. Our condensed consolidated financial statements include a noncontrolling interest representing the percentage of Solaris LLC units not held by us .
Use of Estimates	Use of Estimates Management has made certain estimates and assumptions that affect reported amounts in these condensed consolidated financial statements and disclosures of contingencies. These estimates include, among others, determining the fair values of assets acquired, liabilities assumed, and/or contingent consideration paid in acquisitions or nonmonetary exchanges or disposed of through sale, determining the fair value and related impairment of long-lived assets, determining the fair value of performance-based restricted stock units (“PSUs”), useful lives of property, plant and equipment and amortizable intangible assets, goodwill impairment testing, the fair value of asset retirement obligations, accruals for environmental matters, the income tax provision, valuation allowances for deferred tax assets and our Tax Receivable Agreement (“TRA”) liability. Management evaluates estimates and assumptions on an ongoing basis using historical experience and other factors, including current economic and industry conditions. Actual results could differ from management’s estimates as additional information or actual results become available in the future, and those differences could be material.
Reclassification of Prior Year Presentation	Reclassification of Prior Year Presentation Certain prior period amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations.
Significant Accounting Policies	Significant Accounting Policies See Note 2. Significant Accounting Policies
Fair Value Information	Fair Value Information The fair value of our 7.625% Senior Sustainability-Linked Notes (the “Notes”), which are fixed-rate debt, is estimated based on the published market prices for the same or similar issues. Management has designated this measurement as a Level 2 fair value measurement. The fair value of our Credit Facility (as defined below) approximates carrying value as the debt bears interest at a variable rate which is reflective of current rates otherwise available to us. Management has designated this measurement as Level 3. Fair value information regarding our debt is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) ​ June 30, 2024 ​ December 31, 2023 ​ ​ Carrying ​ Fair ​ Carrying ​ Fair ​ Amount Value Amount Value Senior Sustainability-Linked Notes ​ $ 400,000 ​ $ 401,500 ​ $ 400,000 ​ $ 405,090 Credit Facility ​ $ 48,000 ​ $ 48,000 ​ $ 26,000 ​ $ 26,000 ​ The carrying values of our other financial instruments, consisting of cash, accounts receivable, accounts payable and our insurance premium financing liability, approximate their fair values due to the short maturity of such instruments .
Intangible Assets	Intangible Assets Intangible assets are net of accumulated amortization of $152.9 million and $134.4 million at June 30, 2024 and December 31, 2023, respectively .
Related Parties	Related Parties We and ConocoPhillips, one of our principal owners, are parties to a long-term water gathering and handling agreement, pursuant to which ConocoPhillips dedicates all the produced water generated from its current and future acreage in a defined area of mutual interest in New Mexico and Texas. As of June 30 , 2024 and December 31, 2023, we had receivables of $29.1 million and $23.0 million, respectively, from ConocoPhillips that were recorded in “Accounts Receivable from Affiliate” on the condensed consolidated balance sheet. As of June 30 , 2024 and December 31, 2023, we had payables of $0.7 million and $0.9 million, respectively, to ConocoPhillips that were recorded in “Payables to Affiliate” on the condensed consolidated balance sheet. Revenues related to ConocoPhillips were $32.0 million and $64.1 million, respectively, for the three and six months ended June 30 , 2024. Revenues related to ConocoPhillips were $31.3 million and $62.5 million, respectively, for the three and six months ended June 30 , 202 3 .
Collaborative Arrangements	Collaborative Arrangements We have a beneficial reuse strategic agreement (the “Joint Industry Project” or “JIP”) with Chevron U.S.A. Inc., ConocoPhillips and Exxon Mobil Corporation (collectively with us, the “alliance members”) to develop and pilot technologies and processes to treat produced water for potential beneficial reuse opportunities. We previously referred to this agreement as the Beneficial Reuse Strategic Agreement. We account for reimbursements of research and development costs under the JIP as contra-expenses in the period such expenses are incurred. This reflects the joint risk sharing nature of these activities within the collaborative arrangement. We classify advance billings or receivables recorded as “Accrued and Other Current Liabilities” or “Other Receivables,” respectively, on our condensed consolidated balance sheet. For the three and six months ended June 30, 2024, we incurred $2.6 million and $5.2 million, respectively, in total research and development expenses relating to the JIP, which was offset by $1.9 million and $3.9 million, respectively, in amounts due from the other alliance members for reimbursement of these shared costs. For the three and six months ended June 30, 2023, we incurred $2.0 million and $2.1 million, respectively, in total research and development expenses relating to the JIP, which was offset by $1.5 million and $1.6 million, respectively, in amounts due from the other alliance members for reimbursement of these shared costs.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, “ The amendments in this ASU primarily relate to the rate reconciliation and income taxes paid disclosures and improve the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. This ASU is effective for annual periods beginning after December 15, 2024 and may be applied prospectively or retrospectively. Other than the required disclosures, we do not expect a material impact on our condensed consolidated financial statements and related disclosures upon adoption. In November 2023, the FASB issued ASU 2023-07, “ .” This ASU improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amendments in this ASU require disclosure of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. This ASU is effective for annual periods beginning after December 15, 2024 and should be applied prospectively. Other than the required disclosures, we do not expect a material impact on our condensed consolidated financial statements and related disclosures upon adoption.

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Basis of Presentation and Significant Accounting Policies
Schedule of fair value information of debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) ​ June 30, 2024 ​ December 31, 2023 ​ ​ Carrying ​ Fair ​ Carrying ​ Fair ​ Amount Value Amount Value Senior Sustainability-Linked Notes ​ $ 400,000 ​ $ 401,500 ​ $ 400,000 ​ $ 405,090 Credit Facility ​ $ 48,000 ​ $ 48,000 ​ $ 26,000 ​ $ 26,000

Additional Financial Statemen_2

Additional Financial Statement Information (Tables)	6 Months Ended
	Jun. 30, 2024
Additional Financial Statement Information
Schedule of Other Balance Sheet information	​ ​ ​ ​ ​ ​ ​ ​ (in thousands) June 30, December 31, ​ 2024 2023 Other Receivables ​ ​ ​ ​ ​ ​ Insurance and Third Party Receivables for Remediation Expenses ​ $ 4,342 ​ $ 4,064 Reimbursable Research and Development Receivable ​ ​ — ​ ​ 1,450 Property Insurance Receivable ​ ​ 2,337 ​ ​ 4,000 Reimbursable Projects ​ ​ 6,753 ​ ​ 3,253 Total Other Receivables ​ $ 13,432 ​ $ 12,767 ​ ​ ​ ​ ​ ​ ​ Prepaids and Deposits ​ ​ ​ ​ ​ ​ Prepaid Insurance ​ $ 2,071 ​ $ 5,494 Other Prepaids and Deposits ​ ​ 3,318 ​ ​ 2,870 Total Prepaids and Deposits ​ $ 5,389 ​ $ 8,364 ​ ​ ​ ​ ​ ​ ​ Accrued and Other Current Liabilities ​ ​ ​ ​ ​ ​ Accrued Operating Expense ​ $ 19,675 ​ $ 33,491 Accrued Capital Costs ​ ​ 7,500 ​ ​ 3,812 Accrued Interest ​ ​ 8,260 ​ ​ 8,510 Accrued Compensation ​ ​ 6,066 ​ ​ 10,118 Sales Tax Payable ​ ​ 2,949 ​ ​ 1,645 Lease Liabilities ​ ​ 1,763 ​ ​ 1,676 Contingent Consideration Liability ​ ​ 1,078 ​ ​ 1,221 Other ​ ​ 2,970 ​ ​ 3,943 Total Accrued and Other Current Liabilities ​ $ 50,261 ​ $ 64,416 ​ ​ ​ ​ ​ ​ ​ Other Long-Term Liabilities ​ ​ ​ ​ ​ ​ Noncurrent Lease Liabilities ​ $ 14,242 ​ $ 14,716 Contingent Consideration Liability ​ ​ 1,829 ​ ​ 2,078 Total Other Long-Term Liabilities ​ $ 16,071 ​ $ 16,794
Schedule of Other Statement of Operations information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) ​ Three Months Ended ​ Six Months Ended ​ ​ June 30, ​ June 30, ​ 2024 2023 2024 2023 Depreciation, Amortization and Accretion Expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation - Property, Plant and Equipment ​ $ 10,105 ​ $ 9,335 ​ $ 19,944 ​ $ 18,197 Amortization - Intangible Assets ​ ​ 9,264 ​ ​ 9,451 ​ ​ 18,527 ​ ​ 18,903 Accretion of Asset Retirement Obligations ​ ​ 338 ​ ​ 300 ​ ​ 657 ​ ​ 592 Total Depreciation, Amortization and Accretion Expense ​ $ 19,707 ​ $ 19,086 ​ $ 39,128 ​ $ 37,692 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Operating Expense (Income), Net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss on Disposal of Assets, Net ​ $ 168 ​ $ 70 ​ $ 114 ​ $ 57 Abandoned Projects ​ ​ 16 ​ ​ 128 ​ ​ 745 ​ ​ 128 Abandoned Well Costs ​ ​ (25) ​ ​ — ​ ​ 310 ​ ​ — Transaction Costs ​ ​ 89 ​ ​ 100 ​ ​ 96 ​ ​ 145 Other ​ ​ (116) ​ ​ (490) ​ ​ (218) ​ ​ (305) Other Operating Expense (Income), Net ​ $ 132 ​ $ (192) ​ $ 1,047 ​ $ 25 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest on Debt Instruments ​ $ 8,596 ​ $ 8,543 ​ $ 16,897 ​ $ 17,104 Amortization of Debt Issuance Costs ​ ​ 763 ​ ​ 608 ​ ​ 1,529 ​ ​ 1,218 Total Interest Expense ​ ​ 9,359 ​ ​ 9,151 ​ ​ 18,426 ​ ​ 18,322 Less: Capitalized Interest ​ ​ (546) ​ ​ (1,180) ​ ​ (1,175) ​ ​ (2,690) Total Interest Expense, Net ​ $ 8,813 ​ $ 7,971 ​ $ 17,251 ​ $ 15,632 ​

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment.
Schedule of PP&E	​ ​ ​ ​ ​ ​ ​ ​ (in thousands) June 30, December 31, ​ 2024 2023 Wells, Facilities, Water Ponds and Related Equipment ​ $ 599,218 ​ $ 561,059 Pipelines ​ ​ 451,999 ​ ​ 427,528 Vehicles, Equipment, Computers and Office Furniture ​ ​ 25,527 ​ ​ 24,496 Assets Subject to Depreciation ​ ​ 1,076,744 ​ ​ 1,013,083 Land ​ ​ 463 ​ ​ 463 Projects and Construction in Progress ​ ​ 38,958 ​ ​ 28,157 Total Property, Plant and Equipment ​ ​ 1,116,165 ​ ​ 1,041,703 Accumulated Depreciation ​ ​ (141,019) ​ ​ (121,989) Total Property, Plant and Equipment, Net ​ $ 975,146 ​ $ 919,714

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt
Schedule of debt instruments	​ ​ ​ ​ ​ ​ ​ ​ (in thousands) June 30, December 31, ​ 2024 2023 7.625% Senior Sustainability-Linked Notes ​ $ 400,000 ​ $ 400,000 Credit Facility ​ ​ 48,000 ​ ​ 26,000 Total Long-Term Debt ​ ​ 448,000 ​ ​ 426,000 Less: Unamortized Debt Issuance Costs ​ ​ (3,273) ​ ​ (4,208) Total Long-Term Debt, Net of Debt Issuance Costs ​ $ 444,727 ​ $ 421,792 Insurance Premium Financing Liability ​ $ 1,855 ​ $ 5,463 Total Debt ​ $ 446,582 ​ $ 427,255 (1) Credit Facility borrowings bore weighted average interest rates of 8.165% and 8.276% at June 30, 2024 and December 31, 2023, respectively.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases
Summary of supplemental consolidated balance sheet information	​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) ​ ​ June 30, December 31, ​ Classification ​ 2024 ​ 2023 Assets ​ ​ ​ ​ ​ ​ ​ Right-of-Use Assets Right-of-Use Assets ​ $ 15,839 ​ $ 16,726 Liabilities ​ ​ ​ ​ ​ ​ ​ Current Lease Liabilities Accrued and Other Current Liabilities ​ $ 1,763 ​ $ 1,676 Noncurrent Lease Liabilities Other Long-Term Liabilities ​ ​ 14,242 ​ ​ 14,716
Summary of supplemental statement of operation information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands) Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2024 2023 ​ ​ 2024 2023 Direct Operating Costs $ 340 ​ $ 310 ​ $ 676 ​ $ 603 General and Administrative ​ 517 ​ ​ 177 ​ ​ 1,034 ​ ​ 397 Total Lease Cost $ 857 ​ $ 487 ​ $ 1,710 ​ $ 1,000
Summary of supplemental statement of cash flow information	​ ​ ​ ​ ​ ​ ​ (in thousands) Six Months Ended June 30, ​ ​ 2024 ​ 2023 Cash Paid for Amounts Included in Lease Liabilities $ 1,209 ​ $ 625 Right-of-Use Assets Obtained in Exchange for Operating Lease Liabilities, Net ​ 333 ​ ​ 1,415
Summary of lease terms and discount rates	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ December 31, 2023 Weighted Average Remaining Lease Term (Years) ​ ​ 7.2 ​ ​ 7.6 Weighted Average Discount Rate ​ ​ 6.34% ​ ​ 6.30%
Summary of annual operating lease maturities	​ ​ ​ ​ ​ ​ (in thousands) ​ ​ ​ ​ Remainder of 2024 ​ ​ $ 1,300 2025 ​ ​ ​ 2,210 2026 ​ ​ ​ 1,941 2027 ​ ​ ​ 3,182 2028 ​ ​ ​ 2,748 Thereafter ​ ​ ​ 8,941 Total Lease Payments ​ ​ ​ 20,322 Less: Interest ​ ​ ​ (4,317) Present Value of Lease Liabilities ​ ​ $ 16,005

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted net income per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in thousands, except for share and per share amounts) Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2024 ​ ​ 2023 ​ ​ 2024 ​ ​ 2023 Net Income Attributable to Stockholders' Equity $ 13,112 ​ $ 10,431 ​ $ 29,942 ​ $ 18,139 Less: Net Income Attributable to Noncontrolling Interest ​ 7,147 ​ ​ 5,733 ​ ​ 16,354 ​ ​ 10,063 Net Income Attributable to Aris Water Solutions, Inc. ​ 5,965 ​ ​ 4,698 ​ ​ 13,588 ​ ​ 8,076 Participating Basic Earnings (1) ​ (460) ​ ​ (300) ​ ​ (991) ​ ​ (498) Basic Net Income Attributable to Aris Water Solutions, Inc. $ 5,505 ​ $ 4,398 ​ $ 12,597 ​ $ 7,578 Reallocation of Participating Net Income ​ - ​ ​ - ​ ​ - ​ ​ - Diluted Net Income Attributable to Aris Water Solutions, Inc. $ 5,505 ​ $ 4,398 ​ $ 12,597 ​ $ 7,578 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic Weighted Average Shares Outstanding ​ 30,549,092 ​ ​ 30,036,593 ​ ​ 30,451,553 ​ ​ 29,985,869 Dilutive Performance-Based Stock Units ​ 40,905 ​ ​ - ​ ​ 20,452 ​ ​ - Dilutive Weighted Average Shares Outstanding ​ 30,589,997 ​ ​ 30,036,593 ​ ​ 30,472,005 ​ ​ 29,985,869 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic Net Income Per Share of Class A Common Stock $ 0.18 ​ $ 0.15 ​ $ 0.41 ​ $ 0.25 Diluted Net Income Per Share of Class A Common Stock $ 0.18 ​ $ 0.15 ​ $ 0.41 ​ $ 0.25 ​ (1) Unvested shares of restricted stock and RSUs represent participating securities because they participate in nonforfeitable dividends or distributions with the common equity holders of the Company. Participating earnings represent the distributed and undistributed earnings of the Company attributable to participating securities. Unvested RSUs do not participate in undistributed net losses as they are not contractually obligated to do so.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Stock-Based Compensation
Schedule of RSU activity	​ ​ ​ ​ ​ ​ ​ ​ RSUs Weighted-Average Grant Date Fair Value Outstanding at December 31, 2023 ​ 1,606,303 ​ $ 11.72 Granted ​ 1,437,739 ​ ​ 12.08 Forfeited ​ (63,432) ​ ​ 11.90 Vested ​ (434,294) ​ ​ 11.74 Outstanding at June 30, 2024 ​ 2,546,316 ​ $ 11.91
Schedule of PSU activity	​ ​ ​ ​ ​ ​ ​ ​ PSUs Weighted-Average Grant Date Fair Value Outstanding at December 31, 2023 ​ 404,993 ​ $ 13.06 Granted ​ 281,527 ​ ​ 29.38 Forfeited ​ (9,957) ​ ​ 14.23 Outstanding at June 30, 2024 ​ 676,563 ​ $ 19.83
Schedule of assumptions to estimate the fair value of PSUs	​ ​ ​ ​ ​ ​ ​ ​ Assumptions Risk-free Interest Rate ​ ​ 4.67% ​ Volatility Range ​ 17.04% - 61.19% ​

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies - Noncontrolling Interest, Goodwill (Details)	Jun. 30, 2024
Solaris LLC
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Ownership percentage	53%

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policies - Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Senior Sustainability-Linked Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	7.625%	7.625%
Carrying Amount | Senior Sustainability-Linked Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt	$ 400,000	$ 400,000
Carrying Amount | Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt	48,000	26,000
Fair Value | Level 2 | Senior Sustainability-Linked Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt	401,500	405,090
Fair Value | Level 3 | Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt	$ 48,000	$ 26,000

Basis of Presentation and Sig_6

Basis of Presentation and Significant Accounting Policies - Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Basis of Presentation and Significant Accounting Policies
Accumulated amortization of intangible assets	$ 152.9	$ 134.4

Basis of Presentation and Sig_7

Basis of Presentation and Significant Accounting Policies - Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Total Revenue	$ 101,117	$ 96,633	$ 204,523	$ 188,204
Related Party
Related Party Transaction [Line Items]
Accounts Receivable, Net	$ 29,132		$ 29,132		$ 22,963
Accounts Receivable, after Allowance for Credit Loss, Current, Related Party, Name [Extensible Enumeration]	aris:ConocoPhillipsMember		aris:ConocoPhillipsMember		aris:ConocoPhillipsMember
Accounts Payable	$ 679		$ 679		$ 894
Total Revenue	$ 32,000	$ 31,300	$ 64,100	$ 62,500
Revenue, Related Party, Name [Extensible Enumeration]	aris:ConocoPhillipsMember	aris:ConocoPhillipsMember	aris:ConocoPhillipsMember	aris:ConocoPhillipsMember
Related Party | ConocoPhillips
Related Party Transaction [Line Items]
Accounts Payable	$ 700		$ 700		$ 900

Basis of Presentation and Sig_8

Basis of Presentation and Significant Accounting Policies - Collaborative Agreements (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Collaborative Agreements
Research and Development Expense	$ 1,128	$ 650	$ 2,193	$ 1,058
Beneficial Of Reuse Strategic Agreement
Collaborative Agreements
Research and Development Expense	2,600	2,000	5,200	2,100
Reimbursable shared costs under collaborative agreement	$ 1,900	$ 1,500	$ 3,900	$ 1,600

Additional Financial Statemen_3

Additional Financial Statement Information - Other Balance Sheet information (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Other Receivables
Insurance and Third Party Receivables for Remediation Expenses	$ 4,342	$ 4,064
Reimbursable Research and Development Receivable		1,450
Property Insurance Receivable	2,337	4,000
Reimbursable Projects	6,753	3,253
Total Other Receivables	13,432	12,767
Prepaids and Deposits
Prepaid Insurance	2,071	5,494
Other Prepaids and Deposits	3,318	2,870
Total Prepaids and Deposits	5,389	8,364
Accrued and Other Current Liabilities
Accrued Operating Expense	19,675	33,491
Accrued Capital Costs	7,500	3,812
Accrued Interest	8,260	8,510
Accrued Compensation	6,066	10,118
Sales Tax Payable	2,949	1,645
Lease Liabilities	$ 1,763	$ 1,676
Current Lease Liabilities, Classification	Total Accrued and Other Current Liabilities	Total Accrued and Other Current Liabilities
Contingent Consideration Liability	$ 1,078	$ 1,221
Other	2,970	3,943
Total Accrued and Other Current Liabilities	50,261	64,416
Other Long-Term Liabilities
Noncurrent Lease Liabilities	$ 14,242	$ 14,716
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Total Other Long-Term Liabilities	Total Other Long-Term Liabilities
Contingent Consideration Liability	$ 1,829	$ 2,078
Total Other Long-Term Liabilities	$ 16,071	$ 16,794

Additional Financial Statemen_4

Additional Financial Statement Information - Other Statement of Operations information (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Depreciation, Amortization and Accretion Expense
Depreciation - Property, Plant and Equipment	$ 10,105		$ 9,335	$ 19,944	$ 18,197
Amortization - Intangible Assets	9,264		9,451	18,527	18,903
Accretion of Asset Retirement Obligations	338		300	657	592
Total Depreciation, Amortization and Accretion Expense	19,707		19,086	39,128	37,692
Other Operating Expense (Income), Net
Loss on Disposal of Assets, Net	168		70	114	57
Abandoned Projects	16	$ 700	128	745	128
Abandoned Well Costs	(25)			310
Transaction Costs	89		100	96	145
Other	(116)		(490)	(218)	(305)
Other Operating Expense (Income), Net	132		(192)	1,047	25
Interest Expense
Interest on Debt Instruments	8,596		8,543	16,897	17,104
Amortization of Debt Issuance Costs	763		608	1,529	1,218
Total Interest Expense	9,359		9,151	18,426	18,322
Less: Capitalized Interest	(546)		(1,180)	(1,175)	(2,690)
Total Interest Expense, Net	$ 8,813		$ 7,971	$ 17,251	$ 15,632

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Assets Subject to Depreciation	$ 1,076,744			$ 1,076,744		$ 1,013,083
Land	463			463		463
Projects and Construction in Progress	38,958			38,958		28,157
Total Property, Plant and Equipment	1,116,165			1,116,165		1,041,703
Accumulated Depreciation	(141,019)			(141,019)		(121,989)
Total Property, Plant and Equipment, Net	975,146			975,146		919,714
Accrued PP&E additions				31,200		13,100
Abandoned Projects	16	$ 700	$ 128	745	$ 128
Deposit received			$ 1,800		$ 1,800
Wells, Facilities, Water Ponds, and Related Equipment
Property, Plant and Equipment [Line Items]
Assets Subject to Depreciation	599,218			599,218		561,059
Pipelines
Property, Plant and Equipment [Line Items]
Assets Subject to Depreciation	451,999			451,999		427,528
Vehicles, Equipment, Computers and Office Furniture
Property, Plant and Equipment [Line Items]
Assets Subject to Depreciation	$ 25,527			$ 25,527		$ 24,496

Tax Receivable Agreement Liab_2

Tax Receivable Agreement Liability (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
TRA Liability	$ 98,274	$ 98,274
Tax Receivable Agreement
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payment of net cash saving, percent	85%
Retention of net cash saving, percent	15%
TRA Liability	$ 98,300	$ 98,300

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total Long-Term Debt	$ 448,000	$ 426,000
Less: Unamortized Debt Issuance Costs	(3,273)	(4,208)
Total Long-Term Debt, Net of Debt Issuance Costs	444,727	421,792
Total Debt	$ 446,582	$ 427,255
Senior Sustainability-Linked Notes
Debt Instrument [Line Items]
Interest rate (as a percent)	7.625%	7.625%
Total Long-Term Debt	$ 400,000	$ 400,000
Credit Facility
Debt Instrument [Line Items]
Total Long-Term Debt	$ 48,000	$ 26,000
Weighted average interest rate	8.165%	8.276%
Insurance Premium Financing
Debt Instrument [Line Items]
Insurance Premium Financing	$ 1,855	$ 5,463

Debt - Senior Sustainability-Li

Debt - Senior Sustainability-Linked Notes (Details) - Senior Sustainability-Linked Notes	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Interest rate (as a percent)	7.625%	7.625%
Redemption when there is change in control
Debt Instrument [Line Items]
Percentage of principal redemption	101%
Through March 31, 2025
Debt Instrument [Line Items]
Redemption price percentage	103.8125%
On or after April 1, 2025
Debt Instrument [Line Items]
Redemption price percentage	100%

Debt - Credit Facility (Details

Debt - Credit Facility (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 350
Leverage ratio	4.50
Unrestricted cash and cash equivalents	$ 40
Incremental revolving facility	$ 150
Secured leverage ratio	2.50
Commitments available	$ 298.7
Credit Facility | Minimum
Line of Credit Facility [Line Items]
Leverage ratio	3
Commitment fee percentage	0.375%
Credit Facility | Maximum
Line of Credit Facility [Line Items]
Leverage ratio	4.50
Commitment fee percentage	0.50%
Base Rate Borrowings | Federal funds
Line of Credit Facility [Line Items]
Variable rate (as a percent)	0.50%
Base Rate Borrowings | SOFR
Line of Credit Facility [Line Items]
Variable rate (as a percent)	1%
Base Rate Borrowings | SOFR | Minimum
Line of Credit Facility [Line Items]
Additional Interest Margin Based On Leverage Ratio	1.75%
Base Rate Borrowings | SOFR | Maximum
Line of Credit Facility [Line Items]
Additional Interest Margin Based On Leverage Ratio	2.75%
SOFR Borrowings | SOFR
Line of Credit Facility [Line Items]
Variable rate (as a percent)	0.10%
SOFR Borrowings | SOFR | Minimum
Line of Credit Facility [Line Items]
Additional Interest Margin Based On Leverage Ratio	2.75%
SOFR Borrowings | SOFR | Maximum
Line of Credit Facility [Line Items]
Additional Interest Margin Based On Leverage Ratio	3.75%
Letters of Credit
Line of Credit Facility [Line Items]
Letter of credits outstanding	$ 3.3

Debt - Insurance Premium Financ

Debt - Insurance Premium Financing (Details) - Insurance Premium Financing - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2023	Jun. 30, 2024
Debt Instrument [Line Items]
Aggregate amount of short-term borrowings available	$ 6,600
Insurance Premium Financing	$ 5,463	$ 1,855

Leases - Balance Sheet Informat

Leases - Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases
Right-of-Use Assets	$ 15,839	$ 16,726
Current Lease Liabilities	$ 1,763	$ 1,676
Current Lease Liabilities, Classification	Accrued and Other Current Liabilities	Accrued and Other Current Liabilities
Noncurrent Lease Liabilities	$ 14,242	$ 14,716
Noncurrent Lease Liabilities, Classification	Other Long-Term Liabilities	Other Long-Term Liabilities

Leases - Operations Information

Leases - Operations Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases
Direct Operating Costs	$ 340	$ 310	$ 676	$ 603
General and Administrative	517	177	1,034	397
Total Lease Cost	857	487	1,710	1,000
Short term lease cost	$ 3,700	$ 3,200	$ 6,800	$ 7,700

Leases - Cash Flow Information

Leases - Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Leases
Cash Paid for Amounts Included in Lease Liabilities	$ 1,209	$ 625
Right-of-Use Assets Obtained in Exchange for Operating Lease Liabilities, Net	$ 333	$ 1,415

Leases - Lease Terms and Discou

Leases - Lease Terms and Discount Rates (Details)	Dec. 31, 2023
Leases
Weighted Average Remaining Lease Term (Years)	7 years 7 months 6 days
Weighted Average Discount Rate	6.30%

Leases - Annual Lease Maturitie

Leases - Annual Lease Maturities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Leases
Remainder of 2024	$ 1,300
2025	2,210
2026	1,941
2027	3,182
2028	2,748
Thereafter	8,941
Total Lease Payments	20,322
Less: Interest	(4,317)
Presents Value of Lease Liabilities	$ 16,005
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent, Accrued And Other Liabilities, Current

Leases - Subleases (Details)

Leases - Subleases (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Dec. 31, 2023 lease	Jun. 30, 2024 USD ($)
Leases
Number of subleases entered | lease		2
Sublease Income | $	$ 0.1		$ 0.3

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Taxes
Income Tax Expense	$ 1,994	$ 1,559	$ 4,583	$ 2,886
Current income tax expense	$ 300		$ 800
Effective Tax Rate			13.30%	13.70%
Decrease in deferred income tax assets, net			$ (4,100)

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ / shares in Units, $ in Millions	3 Months Ended					6 Months Ended
	Sep. 30, 2024 $ / shares	Jun. 30, 2024 $ / shares	Mar. 31, 2024 USD ($) $ / shares shares	Jun. 30, 2023 $ / shares shares	Mar. 31, 2023 $ / shares shares	Jun. 30, 2024 shares	Jun. 30, 2023 shares
Stockholders' and Members' Equity
Conversion ratio						1	1
Dividend declared (in dollars per share)		$ 0.105	$ 0.09	$ 0.09	$ 0.09
Shares withheld for the payment of taxes | shares						109,862	42,293
Eddy And Lea County Asset Acquisition
Stockholders' and Members' Equity
Escrow shares released | shares			23,107
Non-cash treasury stock transaction in connections with assets acquired | $			$ 0.3
Workover costs from assets acquired | $			$ 0.1
First Quarter 2024 Dividend
Stockholders' and Members' Equity
Dividend declared (in dollars per share)			$ 0.09
Second Quarter 2024 Dividend
Stockholders' and Members' Equity
Dividend declared (in dollars per share)		0.105
Third Quarter 2024 Dividend | Subsequent Event
Stockholders' and Members' Equity
Dividend declared (in dollars per share)	$ 0.105
Date dividend is payable	Sep. 19, 2024
Date of stockholders of record	Sep. 05, 2024
Common Stock | Class A Common Stock
Stockholders' and Members' Equity
Exchange of Class B Shares for Class A Shares (in shares) | shares				524	20,953	0	21,477
Common Stock | Class B Common Stock
Stockholders' and Members' Equity
Exchange of Class B Shares for Class A Shares (in shares) | shares				(524)	(20,953)
Solaris LLC | First Quarter 2024 Dividend
Stockholders' and Members' Equity
Dividend distribution paid (in dollars per share)			$ 0.09
Solaris LLC | Second Quarter 2024 Dividend
Stockholders' and Members' Equity
Dividend distribution paid (in dollars per share)		$ 0.105
Solaris LLC | Third Quarter 2024 Dividend | Subsequent Event
Stockholders' and Members' Equity
Dividend distribution paid (in dollars per share)	$ 0.105

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Commitments and Contingencies
Environmental expenses	$ 300	$ 1,500	$ 700	$ 2,900
Environmental Remediation Expense, before Recovery, Statement of Income or Comprehensive Income [Extensible Enumeration]	Direct Operating Costs	Direct Operating Costs	Direct Operating Costs	Direct Operating Costs
Accrued insurance proceeds and third-party receivables	$ 5,900		$ 5,900		$ 5,700
Insurance proceeds and third-party receivables included in Other Receivables	4,342		4,342		4,064
Insurance proceeds and third-party receivables included in Other Assets	1,600		$ 1,600		$ 1,600
Delivery Commitment
Commitments and Contingencies
Remaining commitment agreement term			6 years
Remaining minimum commitment	23,300		$ 23,300
Purchase Obligations
Commitments and Contingencies
Purchase obligations and commitments	$ 14,800		$ 14,800

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Net Income Per Share (Details) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($) $ / shares shares	Mar. 31, 2023 USD ($)	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net Income Attributable to Stockholders' Equity	$ 13,112	$ 16,830	$ 10,431	$ 7,708	$ 29,942	$ 18,139
Less: Net Income (Loss) Attributable to Noncontrolling Interest	7,147		5,733		16,354	10,063
Net Income Attributable to Aris Water Solutions, Inc.	5,965		4,698		13,588	8,076
Participating Basic Earnings	(460)		(300)		(991)	(498)
Basic Net Income Attributable to Aris Water Solutions, Inc.	5,505		4,398		12,597	7,578
Diluted Net Income Attributable to Aris Water Solutions, Inc	$ 5,505		$ 4,398		$ 12,597	$ 7,578
Basic Weighted Average Shares Outstanding | shares	30,549,092		30,036,593		30,451,553	29,985,869
Dilutive Performance-Based Stock Units | shares	40,905				20,452
Dilutive Weighted Average Shares Outstanding | shares	30,589,997		30,036,593		30,472,005	29,985,869
Basic Net Income Per Share of Class A Common Stock | $ / shares	$ 0.18		$ 0.15		$ 0.41	$ 0.25
Diluted Net Income Per Share of Class A Common Stock | $ / shares	$ 0.18		$ 0.15		$ 0.41	$ 0.25
Conversion ratio					1	1
PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of diluted net earnings per share | shares	0				11,525
Class B Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of diluted net earnings per share | shares	27,543,565		27,554,393		27,543,565	27,561,348

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock and Restricted Stock Units (Details) - 2021 Plan - RSUs $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
RSUs and PSUs
Outstanding at beginning period (in share) | shares	1,606,303
Granted (in share) | shares	1,437,739
Forfeited (in share) | shares	(63,432)
Vested (in share) | shares	(434,294)
Outstanding at ending period (in share) | shares	2,546,316
Weighted-Average Grant Date Fair Value
Outstanding at beginning period (in dollars per share) | $ / shares	$ 11.72
Granted (in dollars per share) | $ / shares	12.08
Forfeited (in dollars per share) | $ / shares	11.90
Vested (in dollars per share) | $ / shares	11.74
Outstanding at ending period (in dollars per share) | $ / shares	$ 11.91
Compensation cost remaining to be recognized | $	$ 22.9
Weighted-average period of recognition	1 year 3 months 18 days
First anniversary of the award date
Weighted-Average Grant Date Fair Value
Vesting percentage	33.33%
Second anniversary of the award date
Weighted-Average Grant Date Fair Value
Vesting percentage	33.33%
Third anniversary of the award date
Weighted-Average Grant Date Fair Value
Vesting percentage	33.33%

Stock-Based Compensation - Perf

Stock-Based Compensation - Performance-Based Restricted Stock (Details) - 2021 Plan $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
PSUs
RSUs and PSUs
Outstanding at beginning period (in share) | shares	404,993
Granted (in share) | shares	281,527
Forfeited (in share) | shares	(9,957)
Outstanding at ending period (in share) | shares	676,563
Weighted-Average Grant Date Fair Value
Outstanding at beginning period (in dollars per share) | $ / shares	$ 13.06
Granted (in dollars per share) | $ / shares	29.38
Forfeited (in dollars per share) | $ / shares	14.23
Outstanding at ending period (in dollars per share) | $ / shares	$ 19.83
Vesting period	3 years
Compensation cost remaining to be recognized | $	$ 9.6
Weighted-average period of recognition	1 year 9 months 18 days
Risk-free Interest Rate (as percentage)	4.67%
Volatility Range, minimum (as percentage)	17.04%
Volatility Range, maximum (as percentage)	61.19%
Relative PSUs
Weighted-Average Grant Date Fair Value
Percentage of performance criteria	50%
Absolute PSUs
Weighted-Average Grant Date Fair Value
Percentage of performance criteria	50%