Solaris Oilfield Infrastructure, Inc. designs, manufactures, and rents mobile proppant and chemical management systems to unload, store, and deliver proppant and chemicals at oil and natural gas well sites in the United States. The company also provides trained personnel and last mile proppant logistics services; transloading and forward staging storage services; and digital inventory software under the Solaris Lens and Railtronix names. It serves oil and natural gas exploration and production, and oilfield service companies. Solaris Oilfield Infrastructure, Inc. was founded in 2014 and is headquartered in Houston, Texas.
IPO Year: 2017
Exchange: NYSE
Website: solarisoilfield.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/7/2022 | $10.00 → $12.00 | Neutral | Piper Sandler |
| 2/23/2022 | $11.00 → $10.00 | Market Perform | Cowen |
3 - Solaris Energy Infrastructure, Inc. (0001697500) (Issuer)
3 - Solaris Energy Infrastructure, Inc. (0001697500) (Issuer)
4 - Solaris Oilfield Infrastructure, Inc. (0001697500) (Issuer)
4 - Solaris Oilfield Infrastructure, Inc. (0001697500) (Issuer)
4 - Solaris Oilfield Infrastructure, Inc. (0001697500) (Issuer)
4 - Solaris Oilfield Infrastructure, Inc. (0001697500) (Issuer)
4 - Solaris Oilfield Infrastructure, Inc. (0001697500) (Issuer)
4 - Solaris Oilfield Infrastructure, Inc. (0001697500) (Issuer)
4 - Solaris Oilfield Infrastructure, Inc. (0001697500) (Issuer)
4 - Solaris Oilfield Infrastructure, Inc. (0001697500) (Issuer)
8-K - Solaris Energy Infrastructure, Inc. (0001697500) (Filer)
8-K - Solaris Oilfield Infrastructure, Inc. (0001697500) (Filer)
DEFA14A - Solaris Oilfield Infrastructure, Inc. (0001697500) (Filer)
DEFA14A - Solaris Oilfield Infrastructure, Inc. (0001697500) (Filer)
10-Q - Solaris Oilfield Infrastructure, Inc. (0001697500) (Filer)
8-K - Solaris Oilfield Infrastructure, Inc. (0001697500) (Filer)
DEFM14A - Solaris Oilfield Infrastructure, Inc. (0001697500) (Filer)
DEFA14A - Solaris Oilfield Infrastructure, Inc. (0001697500) (Filer)
8-K - Solaris Oilfield Infrastructure, Inc. (0001697500) (Filer)
PREM14A - Solaris Oilfield Infrastructure, Inc. (0001697500) (Filer)
SC 13D - Solaris Energy Infrastructure, Inc. (0001697500) (Subject)
SC 13D - Solaris Energy Infrastructure, Inc. (0001697500) (Subject)
SC 13G - Solaris Oilfield Infrastructure, Inc. (0001697500) (Subject)
SC 13G/A - Solaris Oilfield Infrastructure, Inc. (0001697500) (Subject)
SC 13G/A - Solaris Oilfield Infrastructure, Inc. (0001697500) (Subject)
SC 13G - Solaris Oilfield Infrastructure, Inc. (0001697500) (Subject)
SC 13G/A - Solaris Oilfield Infrastructure, Inc. (0001697500) (Subject)
SC 13G/A - Solaris Oilfield Infrastructure, Inc. (0001697500) (Subject)
SC 13G/A - Solaris Oilfield Infrastructure, Inc. (0001697500) (Subject)
SC 13G/A - Solaris Oilfield Infrastructure, Inc. (0001697500) (Subject)
Second Quarter 2024 Summary Results and Highlights Revenue of $74 million Net income of $10 million and $0.20 per diluted Class A share; Adjusted pro forma net income* of $6 million and $0.13 per fully diluted share Adjusted EBITDA* of $21 million Generated $19 million of cash flow from operations and $18 million in free cash flow* Returned a total of $5 million to shareholders in second quarter 2024 through dividends, resulting in $178 million cumulatively returned to shareholders since 2018 Announced third quarter 2024 dividend of $0.12 per share on July 29, 2024, to be paid on September 6, 2024, which, once paid, will represent Solaris' 24th consecutive dividend Anno
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) ("Solaris" or the "Company") announced today that its Board of Directors has approved a quarterly cash dividend of $0.12 per share of Class A stock, to be paid on September 6, 2024 to holders of record as of August 23, 2024, and a distribution of $0.12 per unit to Solaris LLC unitholders, which is subject to the same payment and record dates. Second Quarter 2024 Results Conference Call Solaris also announced today that it will host a conference call to discuss its second quarter 2024 results on Friday, August 9, 2024 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). Solaris will issue its second quarter 2024 earnings release after the m
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) ("Solaris" or the "Company"), today announced that it has entered into a definitive agreement to acquire Mobile Energy Rentals LLC ("MER"), a premier provider of distributed power solutions serving the energy and commercial & industrial ("C&I") end-markets, for a purchase price of $200 million. Transaction consideration includes $60 million of cash and the issuance of approximately 16.5 million shares of Solaris Class B common stock to MER's founders and management team, who will join Solaris post-closing. Transaction Highlights and Strategy Scale, end-market diversity, and contractual profile: Entry into critical distributed power infra
First Quarter 2024 Summary Results and Shareholder Return Highlights Revenue of $68 million Net income of $7 million, or $0.14 per diluted Class A share; Adjusted pro forma net income of $7 million, or $0.16 per fully diluted share Adjusted EBITDA of $23 million Generated $17 million of cash flow from operations and $14 million in free cash flow Returned a total of $13 million to shareholders in first quarter 2024 through share repurchases and dividends, resulting in $172 million cumulatively returned to shareholders since 2018 Approved second quarter 2024 dividend of $0.12 per share on April 24, 2024, to be paid on June 17, 2024, which, once paid, will represent Solaris'
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) ("Solaris" or the "Company") announced today that it will host a conference call to discuss its first quarter 2024 results on Friday, April 26, 2024 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). Solaris will issue its first quarter 2024 earnings release after the market closes on April 25, 2024. Participants can join the first quarter 2024 conference call from within the United States by dialing (844) 413-3978, or from outside of the United States by dialing (412) 317-6594, and referencing Solaris Oilfield Infrastructure, Inc. To listen via live webcast, please visit the Investor Relations section of the Company's website, www.solaris
Fourth Quarter 2023 Summary Results and Shareholder Return Highlights Revenue of $63 million Net income of $7 million, or $0.14 per diluted Class A share; Adjusted pro forma net income of $7 million, or $0.15 per fully diluted share Adjusted EBITDA of $21 million Generated $24 million of cash flow from operations and $16 million in free cash flow; reduced borrowings outstanding on the credit facility by $7 million Returned a total of $47 million to shareholders in 2023 through share repurchases and dividends Solaris' fourth quarter 2023 dividend of $0.12 per share, which was paid on December 11, 2023, was a 9% increase from the prior quarter and represented Solaris' third
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) ("Solaris" or the "Company") announced today that it will host a conference call to discuss its fourth quarter and full year 2023 results on Tuesday, February 27, 2024 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). Solaris will issue its fourth quarter and full year 2023 earnings release after the market closes on February 26, 2024. Participants can join the fourth quarter 2023 conference call from within the United States by dialing (844) 413-3978, or from outside of the United States by dialing (412) 317-6594, and referencing Solaris Oilfield Infrastructure, Inc. To listen via live webcast, please visit the Investor Relations section
Third Quarter 2023 Summary Results and Highlights Revenue of $69.7 million Net income of $7.6 million, or $0.16 per diluted Class A share; Adjusted pro forma net income of $8.5 million, or $0.19 per fully diluted share, for the quarter ended September 30, 2023 Adjusted EBITDA of $23.4 million Increased deployments of Solaris' new top fill technology across multiple basins Generated $6 million in free cash flow after asset sales and reduced borrowings outstanding on the credit facility by $6 million Announced a quarterly dividend of $0.12 per share to be paid on December 11, 2023, which represents a 9% per-share increase over the third quarter 2023 and Solaris' third r
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) ("Solaris" or the "Company") announced today that it will host a conference call to discuss its third quarter 2023 results on Friday, October 27, 2023 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). Solaris will issue its third quarter 2023 earnings release after the market closes on October 26, 2023. Participants can join the third quarter 2023 conference call from within the United States by dialing (844) 413-3978, or from outside of the United States by dialing (412) 317-6594, and referencing Solaris Oilfield Infrastructure, Inc. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) ("Solaris") announced today that its Board of Directors has declared a quarterly cash dividend of $0.11 per share of Class A common stock, to be paid on September 15, 2023 to holders of record as of September 5, 2023. A distribution of $0.11 per unit has also been approved for holders of units in Solaris Oilfield Infrastructure, LLC, which is subject to the same payment and record dates. About Solaris Oilfield Infrastructure, Inc. Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) provides mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris' patented equipment and serv
Solaris Energy Infrastructure, Inc. (NYSE:SEI) (f/k/a Solaris Oilfield Infrastructure, Inc. (NYSE: SOI)) ("Solaris" or the "Company") announced today the completion of its acquisition of Mobile Energy Rentals LLC ("MER"). In connection with the previously announced acquisition and associated growth capital commitments to scale MER's distributed power fleet, Solaris has entered into a new $325 million senior secured term loan and is in the process of finalizing a new $75 million revolving credit facility. After finalizing the new revolving credit facility, the Company expects to be undrawn on the facility. These new credit agreements replace the $300 million secured bridge term loan facilit
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) ("Solaris" or the "Company") announced today that all of the proposals related to its previously announced acquisition of Mobile Energy Rentals LLC ("MER") were approved by the requisite holders of Solaris common stock at the Company's special meeting of stockholders held earlier today (the "Special Meeting"). The final voting results from the Special Meeting will be reported in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission after certification by the Company's inspector of elections. Pending the satisfaction of customary closing conditions, the Company continues to expect the MER acquisition to
Second Quarter 2024 Summary Results and Highlights Revenue of $74 million Net income of $10 million and $0.20 per diluted Class A share; Adjusted pro forma net income* of $6 million and $0.13 per fully diluted share Adjusted EBITDA* of $21 million Generated $19 million of cash flow from operations and $18 million in free cash flow* Returned a total of $5 million to shareholders in second quarter 2024 through dividends, resulting in $178 million cumulatively returned to shareholders since 2018 Announced third quarter 2024 dividend of $0.12 per share on July 29, 2024, to be paid on September 6, 2024, which, once paid, will represent Solaris' 24th consecutive dividend Anno
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) ("Solaris" or the "Company") announced today that its Board of Directors has approved a quarterly cash dividend of $0.12 per share of Class A stock, to be paid on September 6, 2024 to holders of record as of August 23, 2024, and a distribution of $0.12 per unit to Solaris LLC unitholders, which is subject to the same payment and record dates. Second Quarter 2024 Results Conference Call Solaris also announced today that it will host a conference call to discuss its second quarter 2024 results on Friday, August 9, 2024 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). Solaris will issue its second quarter 2024 earnings release after the m
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) ("Solaris" or the "Company"), today announced that it has entered into a definitive agreement to acquire Mobile Energy Rentals LLC ("MER"), a premier provider of distributed power solutions serving the energy and commercial & industrial ("C&I") end-markets, for a purchase price of $200 million. Transaction consideration includes $60 million of cash and the issuance of approximately 16.5 million shares of Solaris Class B common stock to MER's founders and management team, who will join Solaris post-closing. Transaction Highlights and Strategy Scale, end-market diversity, and contractual profile: Entry into critical distributed power infra
First Quarter 2024 Summary Results and Shareholder Return Highlights Revenue of $68 million Net income of $7 million, or $0.14 per diluted Class A share; Adjusted pro forma net income of $7 million, or $0.16 per fully diluted share Adjusted EBITDA of $23 million Generated $17 million of cash flow from operations and $14 million in free cash flow Returned a total of $13 million to shareholders in first quarter 2024 through share repurchases and dividends, resulting in $172 million cumulatively returned to shareholders since 2018 Approved second quarter 2024 dividend of $0.12 per share on April 24, 2024, to be paid on June 17, 2024, which, once paid, will represent Solaris'
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) ("Solaris" or the "Company") announced today that it will host a conference call to discuss its first quarter 2024 results on Friday, April 26, 2024 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). Solaris will issue its first quarter 2024 earnings release after the market closes on April 25, 2024. Participants can join the first quarter 2024 conference call from within the United States by dialing (844) 413-3978, or from outside of the United States by dialing (412) 317-6594, and referencing Solaris Oilfield Infrastructure, Inc. To listen via live webcast, please visit the Investor Relations section of the Company's website, www.solaris
Fourth Quarter 2023 Summary Results and Shareholder Return Highlights Revenue of $63 million Net income of $7 million, or $0.14 per diluted Class A share; Adjusted pro forma net income of $7 million, or $0.15 per fully diluted share Adjusted EBITDA of $21 million Generated $24 million of cash flow from operations and $16 million in free cash flow; reduced borrowings outstanding on the credit facility by $7 million Returned a total of $47 million to shareholders in 2023 through share repurchases and dividends Solaris' fourth quarter 2023 dividend of $0.12 per share, which was paid on December 11, 2023, was a 9% increase from the prior quarter and represented Solaris' third
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) ("Solaris" or the "Company") announced today that it will host a conference call to discuss its fourth quarter and full year 2023 results on Tuesday, February 27, 2024 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). Solaris will issue its fourth quarter and full year 2023 earnings release after the market closes on February 26, 2024. Participants can join the fourth quarter 2023 conference call from within the United States by dialing (844) 413-3978, or from outside of the United States by dialing (412) 317-6594, and referencing Solaris Oilfield Infrastructure, Inc. To listen via live webcast, please visit the Investor Relations section
Third Quarter 2023 Summary Results and Highlights Revenue of $69.7 million Net income of $7.6 million, or $0.16 per diluted Class A share; Adjusted pro forma net income of $8.5 million, or $0.19 per fully diluted share, for the quarter ended September 30, 2023 Adjusted EBITDA of $23.4 million Increased deployments of Solaris' new top fill technology across multiple basins Generated $6 million in free cash flow after asset sales and reduced borrowings outstanding on the credit facility by $6 million Announced a quarterly dividend of $0.12 per share to be paid on December 11, 2023, which represents a 9% per-share increase over the third quarter 2023 and Solaris' third r
Piper Sandler reiterated coverage of Solaris Oilfield Infra with a rating of Neutral and set a new price target of $12.00 from $10.00 previously
Cowen reiterated coverage of Solaris Oilfield Infrastructure with a rating of Market Perform and set a new price target of $10.00 from $11.00 previously
Cowen downgraded Solaris Oilfield Infrastructure from Outperform to Market Perform and set a new price target of $12.00 from $14.00 previously
B. Riley resumed coverage of Solaris Oilfield Infrastructure with a rating of Buy and set a new price target of $14.00 from $12.50 previously
Cowen reiterated coverage of Solaris Oilfield Infrastructure with a rating of Outperform and set a new price target of $14.00 from $12.00 previously
B. Riley reiterated coverage of Solaris Oilfield Infrastructure with a rating of Buy and set a new price target of $12.50 from $11.00 previously
The Russell 2000 index of small caps, tracked by the iShares Russell 2000 ETF (NYSE:IWM), recorded its best weekly performance since October 2023, surging over 6% and reaching its highest level since January 2022. The rally was largely driven by Thursday’s session, where the Russell 2000 posted a remarkable 3.6% daily gain. This spike followed lower-than-expected June inflation data, which fueled speculation of potential interest rate cuts. However, Quincy Krosby, chief global strategist for LPL Financial, advises caution, suggesting that Russell 2000’s rate cut message may be “clouded by Fed’s concerns over labor market.” Krosby thinks a weaker labor market would still hurt the eco
Shares of SeaStar Medical Holding Corporation (NASDAQ:ICU) fell sharply during Wednesday's session after the company entered into a $10 million registered direct offering of 947,868 shares at $10.55 per share. SeaStar Medical shares dipped 34% to $8.55 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Virpax Pharmaceuticals, Inc. (NASDAQ:VRPX) shares jumped 139% to $2.78 after the company announced results for a Swine Model pilot study for Probudur. Kazia Therapeutics Limited (NASDAQ:KZIA) gained 129% to $0.4325 after the company announced results from GBM-AGILE, a phase II/III study that included an evaluation of paxalisib versus standard of
- SEC Filing
U.S. stocks were mostly higher, with the Nasdaq Composite gaining around 0.4% on Wednesday. Shares of SMART Global Holdings, Inc. (NASDAQ:SGH) rose sharply during Wednesday's session after the company reported better-than-expected third-quarter financial results. SMART Global reported quarterly earnings of 37 cents per share, which beat the analyst consensus estimate of 30 cents. Quarterly sales came in at $300.6 million, which beat the analyst consensus estimate of $300 million, according to data from Benzinga Pro. SMART Global shares jumped 17.4% to $27.27 on Wednesday. Here are some other big stocks recording gains in today’s session. Solaris Oilfield Infrastructure, Inc.
Concurrent with the closing of Mobile Energy Rentalstransaction, Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) intends to rename the Company Solaris Energy Infrastructure, Inc. (NYSE:SEI).
MER is a premier provider of distributed power solutions serving the energy and commercial & industrial ("C&I") end-markets. Transaction consideration includes $60 million of cash and the issuance of approximately 16.5 million shares of Solaris Class B common stock to MER's founders and management team, who will join Solaris post-closing
Solaris Oilfield Infra (NYSE:SOI) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.14 by 14.29 percent. This is a 33.33 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $67.890 million which beat the analyst consensus estimate of $62.450 million by 8.71 percent. This is a 17.93 percent decrease over sales of $82.722 million the same period last year.
Companies Reporting Before The Bell • Kosmos Energy (NYSE:KOS) is projected to report quarterly earnings at $0.23 per share on revenue of $477.73 million. • Krystal Biotech (NASDAQ:KRYS) is estimated to report quarterly loss at $0.37 per share on revenue of $28.61 million. • Li Auto (NASDAQ:LI) is estimated to report quarterly earnings at $0.29 per share on revenue of $5.48 billion. • Clear Channel Outdoor (NYSE:CCO) is expected to report quarterly earnings at $0.04 per share on revenue of $610.14 million. • Lincoln Educational Servs (NASDAQ:LINC) is expected to report quarterly earnings at $0.27 per share on revenue of $96.20 million. • BioCryst Pharma (NASDAQ:BCRX) is projected to re