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 reported a net income of $1.1 million, or $0.01 per diluted Class A share, for Q4 2021. This marks a decline from $1.4 million in Q3 2021. Revenues were $46.0 million, down 6% from the previous quarter. However, Adjusted EBITDA rose 27% to $9.8 million. For the full year, revenues increased by 55% to $159.2 million. The company maintained its quarterly dividend of $0.105 per share, returning $92 million to shareholders since late 2018. Total liquidity at year-end was $86.5 million, with a focus on technology investments for 2022.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) will host a conference call on
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) has declared a quarterly cash dividend of $0.105 per share of Class A common stock. This dividend will be paid on December 17, 2021, to shareholders on record as of December 7, 2021. A similar distribution of $0.105 per unit has been approved for holders of units in Solaris Oilfield Infrastructure, LLC, with the same payment and record dates. Solaris provides mobile equipment to enhance supply chain efficiencies in oil and natural gas well completions, supporting its operations in major basins across the U.S.
Solaris Oilfield Infrastructure reported a net income of $1.4 million or $0.03 per diluted share for Q3 2021, a significant improvement from a net loss of $5.6 million in Q3 2020. Revenues increased by 40% to $49.4 million, driven by higher system deployment and logistics activity. Adjusted EBITDA stood at $7.7 million, up 18% from the previous quarter. The company paid a quarterly dividend of $0.105 per share on September 24, 2021, marking 12 consecutive dividend payments since 2018. Total liquidity was $92.8 million as of September 30, 2021.
Solaris Oilfield Infrastructure (NYSE:SOI) has filed a new shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC), replacing its previous registration that expired on October 16, 2021. President and CFO Kyle Ramachandran stated that the renewal reflects standard business practices to maintain current SEC filings and allows for enhanced capital management flexibility. No immediate plans for securities offerings were disclosed. The registration has been submitted but is pending SEC effectiveness.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) announced a conference call to discuss its third quarter 2021 results on November 2, 2021, at 7:30 a.m. Central Time. The earnings release will be issued post-market on November 1, 2021. Participants can join by dialing the provided numbers or via a live webcast on the company's website. An audio replay will be accessible for seven days after the call. Solaris specializes in mobile equipment for oil and natural gas well completion, enhancing supply chain efficiencies.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) has declared a quarterly cash dividend of $0.105 per share of Class A common stock. The dividend will be paid on September 24, 2021 to shareholders of record as of September 14, 2021. Additionally, a distribution of $0.105 per unit has been approved for holders of units in Solaris Oilfield Infrastructure, LLC, with the same payment and record dates. Solaris specializes in providing mobile equipment for oil and natural gas well completion, enhancing supply chain efficiencies.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) reported its Q2 2021 financial results, showing a net loss of $1.9 million, significantly improved from a loss of $9.5 million in Q2 2020. Revenues increased by 23% to $35.2 million, and adjusted EBITDA rose to $6.5 million. The company had approximately $46.3 million in cash and total liquidity of $96.3 million as of June 30, 2021. Solaris declared a dividend of $0.105 per share, marking its 11th consecutive quarterly dividend. Capital expenditures are now expected to be between $15.0 and $20.0 million for the year.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) announced a conference call for its second quarter 2021 results on July 29, 2021, at 7:30 a.m. CT. The earnings release will be issued on July 28, 2021, after market close. Participants can join the call via U.S. and international numbers or through a webcast available on the company's website. An audio replay will be accessible for seven days after the call. Solaris provides mobile equipment for oil and gas well completion, enhancing supply chain efficiency.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) has declared a quarterly cash dividend of $0.105 per share. The dividend is set to be paid on June 25, 2021, to shareholders on record as of June 15, 2021. Additionally, a distribution of $0.105 per unit has been approved for holders of units in Solaris Oilfield Infrastructure, LLC, adhering to the same payment and record dates. Solaris provides mobile equipment aiming to enhance supply chain efficiencies in the oil and natural gas sectors across the U.S.
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