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Solaris Oilfield Infrastructure, Inc. - SOI STOCK NEWS

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.

Rhea-AI Summary

Solaris Oilfield Infrastructure (NYSE: SOI) announced a $200 million agreement to acquire Mobile Energy Rentals (MER), involving $60 million in cash and 16.5 million Solaris Class B shares. Post-acquisition, MER's founders will own 27% of Solaris. The transaction will diversify Solaris' portfolio, emphasizing distributed power infrastructure, expected to comprise over 50% of its business. MER's EBITDA is projected at $50 million annually by Q3 2024, with plans to expand its power generation capacity from 153 MW to 478 MW by Q3 2025 with $308 million investment in turbines. Solaris will finance the acquisition through debt and cash flow, supported by a $300 million loan facility. The transaction is expected to close by Q3 2024, subject to regulatory approvals. Concurrently, Solaris will rename itself Solaris Energy Infrastructure (NYSE: SEI). Preliminary Q2 2024 financials estimate revenue between $70-75 million and Adjusted EBITDA at $20-21 million.

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Solaris Oilfield Infrastructure announced strong first-quarter 2024 results with revenue of $68 million, net income of $7 million, and adjusted EBITDA of $23 million. The company returned $13 million to shareholders in the first quarter and approved a $0.12 dividend per share for the second quarter.
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Solaris Oilfield Infrastructure, Inc. (NYSE: SOI) will host a conference call to discuss its first quarter 2024 results on April 26, 2024. Participants can join the call via phone or webcast. An audio replay will be available for seven days.
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Solaris Oilfield Infrastructure, Inc. (SOI) reported strong financial results for Q4 2023, with revenue of $63 million, net income of $7 million, and adjusted EBITDA of $21 million. The company returned $47 million to shareholders through dividends and share repurchases in 2023, with a 9% dividend increase in Q4. Solaris also announced a Q1 2024 dividend of $0.12 per share and repurchased 1.1 million shares for $8 million in early 2024.
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Solaris Oilfield Infrastructure, Inc. (SOI) will host a conference call to discuss its fourth quarter and full year 2023 results on February 27, 2024. The earnings release will be issued on February 26, 2024. Participants can join the call via phone or live webcast. An audio replay will be available for approximately seven days.
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Solaris Oilfield Infrastructure, Inc. announces Q3 2023 financial and operational results. Revenue of $69.7 million, net income of $7.6 million. Increased deployments of new technology offerings. Quarterly dividend of $0.12 per share, representing a 9% increase over Q3 2023. $158 million returned to shareholders through dividends and share buybacks since 2018.
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Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) will host a conference call to discuss its Q3 2023 results on October 27, 2023. The earnings release will be issued on October 26, 2023. Participants can join the call by dialing the provided numbers or accessing the webcast. An audio replay will be available for approximately seven days.
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Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) has declared a quarterly cash dividend of $0.11 per share of Class A common stock and $0.11 per unit for holders of units in Solaris Oilfield Infrastructure, LLC. The dividend will be paid on September 15, 2023, to holders of record as of September 5, 2023.
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Solaris Oilfield Infrastructure, Inc. announces second quarter 2023 results with net income of $12.2 million and adjusted EBITDA of $26.8 million. Revenues were $77.2 million, down 7% sequentially and 11% year over year. The company repurchased 1.4 million Class A common stock shares and has returned $148 million to shareholders through dividends and share buybacks since 2018.
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Solaris Oilfield Infrastructure, Inc. will host a conference call to discuss its second quarter 2023 results on July 28, 2023. The earnings release will be issued on July 27, 2023. Participants can join the conference call and listen via live webcast. An audio replay will be available afterwards.
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FAQ

What does Solaris Oilfield Infrastructure, Inc. do?

Solaris provides oilfield products, services, and infrastructure to enhance drilling, completions, efficiency, and safety in North American shale plays.

What are the key products offered by Solaris?

Solaris offers Mobile Sand Silos, Mobile Proppant Management Systems, Automated Control Systems, Solaris Software Suite, and provides field technician support and logistics services.

How does Solaris improve operational efficiencies?

Solaris enhances operational efficiencies through advanced rig-moving technologies, quicker multi-well completions, on-site material handling, and innovative software solutions.

What challenges does Solaris address in the oilfield industry?

Solaris tackles logistical challenges due to increased proppant consumption from faster drilling and completion times, providing solutions to streamline supply chain management.

What sectors does Solaris Oilfield Infrastructure serve?

Solaris serves the oil and gas sector, particularly focusing on enhancing efficiencies in drilling, completions, and logistics in shale plays.

What recent achievements has Solaris Oilfield Infrastructure made?

Recent achievements include expanding product offerings and strengthening partnerships to support operators and service companies better.

What is Solaris's role in the shale development industry?

Solaris plays a crucial role by providing equipment and services that drive operational efficiencies, making it a key player in the evolving shale development sector.

What software solutions does Solaris provide?

Solaris offers the Solaris Software Suite, which includes automated control systems to enhance operational efficiency and safety.

How can I get the latest updates on Solaris Oilfield Infrastructure?

For the latest news and updates, visit Solaris Oilfield Infrastructure's official website or follow their news releases.

Is Solaris Oilfield Infrastructure publicly traded?

Yes, Solaris Oilfield Infrastructure, Inc. is publicly traded on the New York Stock Exchange under the symbol SOI.

Solaris Oilfield Infrastructure, Inc.

NYSE:SOI

SOI Rankings

SOI Stock Data

391.98M
30.34M
7.36%
102.79%
2.66%
Oil and Gas Field Machinery and Equipment Manufacturing
Manufacturing
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United States of America
HOUSTON