Aris Water Solutions Business Summary

Aris Water Solutions, Inc. (ARIS) operates as a leading environmental infrastructure company specializing in full-cycle water management for the energy industry, primarily within the Permian Basin's Delaware sub-basin. The company generates revenue through a fee-based model across two primary segments: Produced Water Handling and Water Solutions. The Produced Water Handling segment gathers, transports, and disposes of water generated during oil and gas production, largely secured by long-term, acreage-dedication contracts that provide stable, predictable cash flows. The Water Solutions segment focuses on sustainability by providing recycled produced water and groundwater for well completions, helping operators reduce their freshwater footprint. Following its late 2025 acquisition by Western Midstream Partners (WES), Aris functions as a specialized midstream platform, competing directly with firms such as WaterBridge Infrastructure, Select Water Solutions, and Tetra Tech, while maintaining a dominant position in high-capacity recycling infrastructure. The company is led by Chief Executive Officer Amanda Brock, a veteran of the global water and energy sectors who previously served as CEO of Water Standard and held senior roles at Azurix and Enron. Founder and Executive Chairman Bill Zartler, who also founded Solaris Midstream, provides strategic oversight alongside Chief Financial Officer Stephan Tompsett, whose background includes executive finance roles at Limetree Bay Energy and EagleClaw Midstream. The leadership team is bolstered by Chief Operating Officer Dylan Van Brunt and Chief Scientist Lisa Henthorne, an expert in water treatment technology. Prior to its integration into Western Midstream, Aris was backed by notable institutional investors including Trilantic Capital Partners and ConocoPhillips, the latter of which maintained a significant 22% equity stake and remains a key strategic customer for the company’s integrated pipeline network.