Solaris Oilfield Infrastructure, Inc. Stock Price, News & Analysis

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 $0.11 per share and authorizing a $50 million share repurchase program. The dividend reflects a 5% increase and will be paid on March 24, 2023. Solaris has returned approximately $112 million to shareholders since 2018. The share buyback could retire approximately 11% of outstanding shares, enhancing shareholder value. The company aims to return at least 50% of free cash flow to shareholders, showing confidence in its future prospects.

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.