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Water pipeline company Aris Water Solutions files for a $100 million IPO

September 23, 2021

Aris Water Solutions, which operates a water pipeline for the oil and gas fracking industry, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. The company is currently known as Solaris Midstream Holdings, which will be the predecessor of Aris following the offering.

Aris states that it delivers full-cycle water handling and recycling solutions that increase the sustainability of energy company operations. Its integrated pipelines and related infrastructure deliver high-capacity, comprehensive produced water management, recycling, and supply solutions to operators in the core areas of the Permian Basin. Aris provides critical environmental solutions to many active and well-capitalized companies operating in the Permian Basin, including affiliates of ConocoPhillips, Occidental Petroleum, Exxon Mobil, Marathon Oil, Chevron, and Mewbourne Oil.

The Houston, TX-based company was founded in 2015 and booked $190 million in revenue for the 12 months ended June 30, 2021. It plans to list on the NYSE under the symbol ARIS. Aris Water Solutions filed confidentially on June 4, 2021. Goldman Sachs, Citi, J.P. Morgan, Wells Fargo Securities, Barclays, and Evercore ISI are the joint bookrunners on the deal. No pricing terms were disclosed.