Welcome to our dedicated page for Solaris Oilfield Infrastructure news (Ticker: SOI), a resource for investors and traders seeking the latest updates and insights on Solaris Oilfield Infrastructure stock.
Solaris Oilfield Infrastructure, Inc. (NYSE: SOI) is a leading provider focused on enhancing logistics and cost efficiencies for operators and service companies throughout the lifecycle of oil and gas wells. The company is deeply involved in the shale development industry's evolution, where operational efficiencies have become the main differentiator for top-tier operators and service providers.
Solaris specializes in on-site operations such as multi-well pads, advanced rig-moving technologies, faster concurrent multi-well completions, on-site material handling, measurement, and product value recovery. They address logistical challenges that arise from the increasing proppant consumption due to faster drilling and completion times in multi-basin development campaigns. Their offerings include:
- Mobile Sand Silos for well site storage and delivery
- Mobile Proppant Management Systems
- Automated Control Systems
- Solaris Software Suite for enhanced operational efficiency
- Comprehensive field technician support
- Last mile and mobilization logistics services
In addition to equipment design and manufacturing, Solaris provides software solutions and technical support to enhance drilling, completions, efficiency, and safety in North American shale plays. The company is committed to addressing the industry's logistical challenges by offering robust and innovative solutions that support their partners in achieving superior performance.
Recent achievements include expanding their product offerings and strengthening partnerships to better support their clients in optimizing supply chain management. These advancements have solidified Solaris's position as a pivotal player in the oilfield products and services sector.
For the latest updates and news, including recent financial performance and new project announcements, be sure to stay tuned to Solaris Oilfield Infrastructure's updates.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) will host a conference call on May 2, 2023, at 8:00 a.m. CT to discuss its Q1 2023 results. The earnings release will be available after market close on May 1, 2023. Participants can join the call by dialing (844) 413-3978 from the U.S. or (412) 317-6594 from outside the U.S. A live webcast will be accessible on the Company's Investor Relations page. An audio replay will be available post-call for one week via (877) 344-7529 within the U.S. or (412) 317-0088 internationally, using access code 1247631. Solaris specializes in mobile equipment for enhancing oil and gas well completion efficiency, operating across major U.S. basins.
Solaris Oilfield Infrastructure (NYSE:SOI) announced an enhanced shareholder return program, increasing its quarterly cash dividend to
Solaris Oilfield Infrastructure reported a net income of $8.0 million or $0.15 per diluted Class A share for Q4 2022, compared to $11.5 million in Q3.
Adjusted pro forma net income was $10.2 million, down from $11.1 million.
Revenues declined by 9% to $84.1 million, affected by severe weather. Adjusted EBITDA was $23.0 million, a 4% decrease from Q3.
The company declared dividends of $0.105 per share and has returned $112 million to shareholders since 2018. Capital expenditure guidance for 2023 is revised to $65-$75 million, reflecting a reduction of 10%-20% year-over-year.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) announced a conference call to discuss its fourth quarter and full year 2022 results. The call is scheduled for February 23, 2023, at 8:00 a.m. Central Time. An earnings release will be issued on February 22, 2023, after market close. Participants can join the call by dialing (844) 413-3978 within the U.S. or (412) 317-6594 from outside the U.S. A replay will be available for seven days, accessible through the same numbers. Solaris provides mobile equipment enhancing supply chain efficiencies in oil and gas well completions across U.S. basins.
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