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

Solaris Oilfield Infrastructure reported a net income of $11.5 million, or $0.22 per diluted share for Q3 2022, marking a 38% increase from the previous quarter. Adjusted EBITDA rose 14% to $23.9 million. Revenues reached $92.3 million, a 6% increase driven by higher system deployments despite a dip in last-mile logistics. The company paid a quarterly dividend of $0.105, totaling approximately $107 million returned to shareholders since 2018. Capital expenditures were $27.2 million for Q3, with projections of $75 million for 2023, signifying ongoing investments in technology.

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) will host a conference call on November 1, 2022 at 8:00 a.m. CT to discuss its third quarter 2022 results. The earnings release will be issued after market close on October 31, 2022. Participants can join via phone or webcast through the Company’s website. An audio replay will be available after the call for seven days. Solaris provides mobile equipment that enhances supply chain efficiency in oil and natural gas well completions.

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) has declared a quarterly cash dividend of $0.105 per share of Class A common stock, set to be paid on September 16, 2022, to shareholders of record as of September 6, 2022. 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 mobile equipment that enhances supply chain efficiencies in oil and natural gas well completions across the U.S.

Solaris Oilfield Infrastructure reported a strong second quarter in 2022, with a net income of $8.3 million ($0.16 per diluted share), up from $5.7 million in Q1. Adjusted pro forma net income rose to $9.4 million ($0.20 per share), and revenues hit $86.7 million, a 52% increase from the previous quarter. The company maintained its dividend at $0.105 per share, marking its 15th consecutive payment. Capital expenditures were $20.6 million, while free cash flow was negative at $(4.4) million. Total liquidity stood at $65.4 million as of June 30, 2022.

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) is set to host a conference call to discuss its second quarter 2022 results on August 2, 2022, at 8:00 a.m. CT. The earnings release will be available after market close on August 1, 2022. Participants can join by dialing (844) 413-3978 from the U.S. or (412) 317-6594 from outside the U.S. An audio replay will be accessible shortly after the call and available for about seven days. Solaris specializes in mobile equipment that enhances supply chain efficiency in oil and gas well completions.

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) has declared a quarterly cash dividend of $0.105 per share for Class A common stock. This dividend is scheduled for payment on June 17, 2022, to stockholders of record by June 7, 2022. In addition, a distribution of $0.105 per unit for holders of units in Solaris Oilfield Infrastructure, LLC has also been approved, aligning with the same payment dates. Solaris focuses on enhancing supply chain efficiencies in the oil and gas sector through its patented mobile equipment.

Solaris Oilfield Infrastructure reported a strong first quarter of 2022, with net income of $5.7 million, or $0.11 per diluted Class A share. This marks a significant increase from the previous quarter's net income of $1.1 million. Revenues rose 24% to $56.9 million, driven by more deployed systems and improved pricing. Adjusted EBITDA grew 60% to $15.7 million. Capital expenditures totaled $11.8 million, with expected growth investments between $40 million and $60 million for 2022. The company maintains a strong liquidity position with $75.1 million available.

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) will host a conference call to discuss its first quarter 2022 results on April 29, 2022, at 8:00 a.m. CT. The earnings release will be available after market close on April 28, 2022. Interested participants can join the call by dialing (844) 413-3978 in the U.S. or (412) 317-6594 internationally. A live webcast will also be accessible via the Company's website. An audio replay will be offered for seven days after the call.

Solaris provides mobile equipment for oil and natural gas well completion.

Solaris Oilfield Infrastructure has declared a quarterly cash dividend of $0.105 per share of Class A common stock, payable on March 17, 2022, to shareholders of record as of March 7, 2022. Additionally, a distribution of $0.105 per unit for holders of units in Solaris Oilfield Infrastructure, LLC has also been approved. Solaris is known for its mobile equipment that enhances supply chain efficiencies in oil and natural gas well completions across key US basins.