Solaris Energy Infrastructure, Inc.(SEI)

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Solaris Energy Infrastructure, Inc.(SEI) - 2024 Q4 - Annual Results
2025-02-21 02:03
Exhibit 99.1 Solaris Energy Infrastructure Announces Fourth Quarter and Full Year 2024 Results, New Power Solutions Equipment Orders and Long-term Contract, and Continued Shareholder Returns for First Quarter 2025 HOUSTON, Texas, February 20, 2025 — (BUSINESS WIRE) — Solaris Energy Infrastructure, Inc. (NYSE:SEI) ("Solaris" or the "Company"), today announced significant continued momentum within its business, along with fourth quarter 2024 financial and operational results. "The Solaris Logistics Solutions ...
SEI Investments' Q4 Earnings Miss as Expenses Increase Y/Y
ZACKS· 2025-01-30 14:01
Core Viewpoint - SEI Investments Co. reported a mixed performance in Q4 2024, with earnings per share slightly missing estimates but showing significant year-over-year growth in both net income and total revenues [1][2][3]. Financial Performance - Q4 2024 earnings per share (EPS) was $1.19, missing the Zacks Consensus Estimate by a penny, but reflecting a 30.8% increase from the prior-year quarter [1]. - Net income for Q4 2024 was $155.8 million, up 29% from the previous year, surpassing the estimate of $151.3 million [2]. - Total revenues for Q4 2024 reached $557.2 million, a 14.9% increase year-over-year, exceeding the Zacks Consensus Estimate of $553.9 million [3]. - For the full year 2024, total revenues increased by 10.7% to $2.13 billion, also beating the Zacks Consensus Estimate of $2.12 billion [3]. Expenses and Operating Income - Total expenses in Q4 2024 were $411.6 million, up 7.4% year-over-year, slightly above the estimate of $404.8 million [4]. - Operating income increased by 43.1% year-over-year to $145.5 million, closely aligning with the estimate of $145.6 million [4]. Assets Under Management - As of December 31, 2024, assets under management (AUM) were $476.7 billion, reflecting a 10.4% increase from the prior year [5]. - Client assets under administration (AUA) reached $1.06 trillion, up 12% year-over-year, excluding $10.3 billion related to Funds of Funds assets [5]. Share Repurchase Activity - In the reported quarter, SEI Investments repurchased 3.1 million shares for $259.5 million at an average price of $83.43 per share [6]. Strategic Outlook - The company's global presence, diverse product offerings, solid balance sheet, strategic acquisitions, and robust AUM are expected to support revenue growth [7]. - Technological innovations are anticipated to enhance financial performance, although elevated expenses and reliance on fee-based revenues present challenges [7].
Solaris Energy Infrastructure, Inc. (SEI) Soars 9.8%: Is Further Upside Left in the Stock?
ZACKS· 2025-01-23 12:56
Solaris Energy Infrastructure, Inc. (SEI) shares soared 9.8% in the last trading session to close at $34.56. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.6% gain over the past four weeks.The bullishness can be attributed to Solaris Energy’s successful strategic acquisition of Mobile Energy Rentals, which enhanced its service offerings and growth potential, boosting investor confidence. Additionally, SEI raised $156 million t ...
Sintana Energy Inc. Announces SEDAR Filing
GlobeNewswire· 2025-01-17 02:43
TORONTO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI) (“Sintana” or the “Company”) announces today that it has filed stand-alone executive compensation disclosure for the fiscal year ended December 31, 2023 at the request of staff of the Ontario Securities Commission for the purpose of providing required disclosure that would otherwise be provided in a management information circular and/or annual information form containing the enclosed disclosure within six months of the Company's fi ...
PEL 90 Update Kapana 1-X
GlobeNewswire· 2025-01-15 23:00
TORONTO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the “Company”) provides the following update regarding the operations associated with the Kapana 1-X exploration well located on Block 2813B which is governed by Petroleum Exploration License 90 (“PEL 90”) and operated by Harmattan Energy Limited, an indirect subsidiary of Chevron Corporation (“Chevron”). Trago Energy (Pty) Ltd. (“Trago”), a wholly owned subsidiary of Custos Energy (Pty) Ltd. (“Custos”) i ...
SEI to Announce Fourth-Quarter 2024 Earnings on Wednesday, Jan. 29, 2025
Prnewswire· 2025-01-13 14:00
Public Invited to Monitor Conference Call at 5 p.m. Eastern TimeOAKS, Pa., Jan. 13, 2025 /PRNewswire/ -- SEI® (NASDAQ: SEIC) intends to release earnings for the fourth quarter 2024 on Wednesday, Jan. 29, 2025 after the market closes. The company will hold a conference call to discuss these financial results beginning at 5 p.m. Eastern time.Analysts and investors are invited to join the call by completing the registration form. The public is invited to listen to the call and replay at ir.seic.com/events-pres ...
Attivo Investments Adopts SEI's Co-CIO Solution
Prnewswire· 2025-01-08 21:00
SEI's Co-CIO Solution Supports Client-Centric Operating Structure, Provides Personalized Investment Experience and Enhances Efficiency LONDON, Jan. 8, 2025 /PRNewswire/ -- SEI® (NASDAQ: SEIC) and Attivo Investments today announced a strategic partnership, leveraging SEI's Co-CIO solution to deliver cutting-edge, scalable, and efficient investment services tailored to advisers and their clients. SEI will support Attivo Investments' in-house team in developing a sophisticated investment approach for advisers ...
SEI Investments Introduces Depository Services in Luxembourg
ZACKS· 2025-01-08 16:26
SEI Investments Co. (SEIC) has rolled out depository services for Luxembourg alternative investment funds (AIFs), the second-largest fund center globally, as per the Association of the Luxembourg Fund Industry report published in 2021.Rationale Behind SEIC’s MoveThe demand for alternatives and European private markets has been rising among investors for generating higher returns and diversifying their portfolios. Thus, investment managers of all sizes aim to expand their client base by introducing new sourc ...
SEI Launches Depositary Services in Luxembourg
Prnewswire· 2025-01-07 13:00
Launch Strengthens Comprehensive Global Offering and Operational FootprintOAKS, Pa. and LUXEMBOURG, Jan. 7, 2025 /PRNewswire/ -- SEI® (NASDAQ: SEIC) today announced the launch of depositary services for Luxembourg alternative investment funds (AIFs), the second-largest fund center in the world.1 With depositary assets growing from $17 billion in 2018 to $100 billion in 2024,2 SEI has experienced significant demand for this service and already provides depositary services to more than 430 funds from other fu ...
Solaris Energy Soars From $8 to $28 in 2024: Can This Repeat in 2025?
ZACKS· 2024-12-24 16:16
Solaris Energy Infrastructure (SEI) , formerly Solaris Oilfield, has seen an extraordinary rise in 2024, with its stock price surging nearly 270%, from under $8 to around $28. This meteoric growth far outshines leading energy stocks like ExxonMobil (XOM) , up a modest 9.9%, and Chevron (CVX) , which dipped 0.1%. SEI has become one of the standout performers in the Oil/Energy sector this year, but the question remains—can the stock replicate its remarkable gains in 2025?SEI, XOM, CVX Year-to-Date Stock Perfo ...