Aris Water $ARIS isn't your typical utility stock...

The $1.4B company is focused on providing water handling and recycling solutions, predominantly for the oil and gas industry in the Permian Basin, one of the richest oil fields in the United States.

It's core business involves gathering, transporting, and managing produced water, which is the water that comes up from the ground during oil and gas extraction. This segment constitutes a significant portion of their revenue, with about 84% of 2023's revenue from long-term contracts, making future revenue and cash flows highly predictable.

The stock has my attention because energy stocks have woken up as of late (and tend to perform well in rising interest rate in environments).

ARIS has also been acting well. It's rallied 45% over the past quarter, and 204% over the past twelve months.

It's also trading above its 2022 highs, and closed last week flat on heavy volume. On Friday, it closed up 5.8%, reclaiming its 10d SMA. 

If energy stocks get going, this could be a nice "picks and shovels" way to play the theme.