Solaris Oilfield Infrastructure(SOI)

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INFORMATION RELATING TO THE TOTAL NUMBER OF VOTING RIGHTS AND SHARES FORMING THE SHARE CAPITAL
Globenewswire· 2025-01-08 17:00
In Bernin, on January 8, 2025 INFORMATION RELATING TO THE TOTAL NUMBER OF VOTING RIGHTS AND SHARES FORMING THE SHARE CAPITAL (Article L. 233-8 II of the French Commercial Code and article 223-16 of the General Regulation of the French financial markets authority (AMF)) Corporate name and address of the company: SOITECParc Technologique des Fontaines - Chemin des Franques 38190 Bernin (FRANCE) Statement date Total number of shares forming the share capital Total number of voting rights 12/31/2024 3 ...
Sirios Resources Announces Closing of a Third and Final Tranche of its Flow-Through Private Placement
Globenewswire· 2024-12-23 19:00
MONTREAL, Dec. 23, 2024 (GLOBE NEWSWIRE) -- SIRIOS RESOURCES INC. (TSX-V: SOI) (the "Corporation") announces the closing of the third and final tranche of its non-brokered flow-through private placement (the "Offering"), through the issuance of 600,000 common shares in the capital of the Corporation (the "Shares"), at a price of $0.07 per Share. The aggregate gross proceeds for this third tranche is $42,000. The Shares were issued as "flow-through shares" pursuant to section 66(15) of the Income Tax Act (Ca ...
Sirios Closed a Private Placement of $430,000
Globenewswire· 2024-12-19 14:00
MONTREAL, Dec. 19, 2024 (GLOBE NEWSWIRE) -- SIRIOS RESOURCES INC. (TSX-V: SOI) (the "Corporation") announces that it has closed its previously announced non-brokered private placement for a gross proceeds of $430,000 (the "Offering"). The Offering consisted of the issuance of 8,600,000 units of the Corporation (the "Units") at a price of $0.05 per Unit. Each Unit consists of one common share of the capital of the Corporation (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warran ...
Sirios intersects up to 79.7 g/t Au over 1.4 m in the two first drill holes of Fall 2024 at Cheechoo
Globenewswire· 2024-12-16 14:00
MONTREAL, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF) (“Sirios” or the “Company”) is pleased to announce the results from the two first drill holes of the Phase 1 of its Fall-Winter 2024-25 Drilling Program on the Cheechoo gold project in Eeyou Istchee James Bay, Québec. The two drill holes intercepted gold mineralization exactly at the locations anticipated by Sirios' geological team. These results help validate the new interpretation of the Cheechoo deposit, which re ...
Solaris Oilfield Infrastructure(SOI) - 2024 Q2 - Earnings Call Transcript
2024-08-10 06:40
Financial Data and Key Metrics Changes - Solaris generated $74 million in revenue, $21 million in adjusted EBITDA, and $18 million of free cash flow in Q2 2024, with a return of $5 million to shareholders in dividends [4][10] - Operating cash flow was $19 million, with $1 million in capital expenditures, resulting in $18 million in free cash flow [10] - The company ended the quarter with total debt of $16 million and net debt of $11 million, along with approximately $53 million of available liquidity [10] Business Line Data and Key Metrics Changes - The well site equipment rental business experienced a 10% decrease in fully utilized systems from Q1 2024, averaging 56 frac crews, down from 64 [10] - Ancillary services contribution improved due to increased fleets utilizing last-mile trucking services, with total annualized contribution margin per fully utilized system remaining roughly flat at $1.1 million [11] - Total annualized contribution margin per frac crew followed improved 6% sequentially to nearly $1.9 million [11] Market Data and Key Metrics Changes - U.S. drilling and completions activity showed anticipated choppiness, particularly in natural gas-exposed basins due to low gas prices, but stabilization was noted in gas-exposed activity and continued strength in oil basins like the Permian [7] - For Q3 2024, activity levels are expected to be relatively flat compared to Q2 [7][12] Company Strategy and Development Direction - The acquisition of Mobile Energy Rentals (MER) is seen as transformative, providing Solaris with entry into a new mobile distributed power product line and exposure to multiple end markets [4][5] - The company aims to sustain and grow shareholder return programs while increasing liquidity and strengthening the balance sheet [9] - Solaris plans to leverage operational synergies and cross-selling opportunities due to its presence on one-third of U.S. completion sites [6] Management's Comments on Operating Environment and Future Outlook - Management expressed a stable outlook for the completion market, with no radical changes expected in the near term [14][15] - The company is prepared for potential increases in activity, with a well-prepared balance sheet and mobile assets ready for deployment [20] - The management highlighted the importance of the MER acquisition in driving future growth and enhancing cash flow resilience [8][31] Other Important Information - The company announced a third quarter dividend of $0.12 per share, continuing its commitment to shareholder returns [8] - The definitive proxy for the MER acquisition has been filed, with a special meeting scheduled for August 30, 2024, to seek shareholder approval [13][29] Q&A Session Summary Question: Outlook for the completion market in Q4 and early 2025 - Management indicated that the market feels stable, with no significant changes expected going into early 2025 [14][15] Question: Market share gains from new technology rollouts - Management noted that the new top fill loading system has positioned the company well for business in the Rockies and Northeast [17][18] Question: Exposure to gas basins and potential activity uptick - Management stated that while there is no clear visibility into a pickup in the Haynesville, the company is prepared for increased activity with available assets [19][20] Question: Impact of U.S. Silica acquisition on Solaris - Management believes that the acquisition of U.S. Silica will not change their market position [21] Question: Long-term vision for MER business outside oil and gas - Management forecasts a 50:50 split between oil and gas and other markets within a year, with potential for international expansion [23][24] Question: Increased demand post-MER acquisition announcement - Management confirmed increased customer interest and synergy discussions since the acquisition announcement [28]
All You Need to Know About Solaris Oilfield Infrastructure (SOI) Rating Upgrade to Strong Buy
ZACKS· 2024-08-06 17:01
Core Viewpoint - Solaris Oilfield Infrastructure, Inc. (SOI) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook driven by an upward trend in earnings estimates [1][4]. Earnings Estimates and Ratings - The Zacks rating system is based on changes in earnings estimates, which are tracked through the Zacks Consensus Estimate from sell-side analysts [2]. - A changing earnings picture is crucial for stock price movements, making the Zacks rating system beneficial for investors who may struggle with subjective Wall Street ratings [3][5]. Impact of Earnings Estimates on Stock Prices - The correlation between future earnings potential and near-term stock price movements is strong, with institutional investors playing a role in this relationship by adjusting their valuations based on earnings estimates [5][6]. - Rising earnings estimates for Solaris Oilfield Infrastructure suggest an improvement in the company's underlying business, which could lead to increased stock prices [6]. Importance of Earnings Estimate Revisions - Empirical research supports the strong correlation between earnings estimate revisions and stock movements, highlighting the significance of tracking these revisions for investment decisions [7]. - The Zacks Rank system effectively utilizes earnings estimate revisions to classify stocks, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. Specific Earnings Estimates for Solaris Oilfield Infrastructure - For the fiscal year ending December 2024, Solaris Oilfield Infrastructure is expected to earn $0.50 per share, reflecting a -35.9% change from the previous year [9]. - Over the past three months, the Zacks Consensus Estimate for the company has increased by 2%, indicating a positive trend in earnings estimates [9]. Conclusion on Zacks Rating System - The Zacks rating system maintains a balanced approach with an equal proportion of 'buy' and 'sell' ratings, ensuring that only the top 5% of stocks receive a 'Strong Buy' rating [10]. - Solaris Oilfield Infrastructure's upgrade to Zacks Rank 1 places it in the top 5% of stocks based on estimate revisions, suggesting potential for market-beating returns in the near term [11].
Why Solaris Oilfield Infrastructure (SOI) is Poised to Beat Earnings Estimates Again
ZACKS· 2024-07-19 17:16
Core Viewpoint - Solaris Oilfield Infrastructure has demonstrated a strong earnings performance, consistently beating consensus estimates, which positions the company favorably for future earnings reports [1][3][5]. Earnings Performance - For the last reported quarter, Solaris Oilfield Infrastructure reported earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of $0.13 per share, resulting in a surprise of 23.08% [1]. - In the previous quarter, the company was expected to post earnings of $0.14 per share but delivered $0.15 per share, achieving a surprise of 7.14% [1]. - The company has an average surprise of 15.11% over the past two quarters, indicating a strong track record of exceeding earnings estimates [3]. Earnings Estimates and Predictions - Estimates for Solaris Oilfield Infrastructure have been trending higher, influenced by its history of earnings surprises [4]. - The company currently has an Earnings ESP of +14.29%, suggesting that analysts are optimistic about its earnings prospects [5]. - The positive Earnings ESP, combined with a Zacks Rank of 2 (Buy), indicates a strong possibility of another earnings beat in the upcoming report [5]. Industry Context - Solaris Oilfield Infrastructure operates within the Zacks Oil and Gas - Field Services industry, which is characterized by companies that often exceed earnings estimates [7].
Solaris Oilfield Infrastructure, Inc. (SOI) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2024-07-18 15:08
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to uti ...
Strength Seen in Solaris Oilfield Infrastructure (SOI): Can Its 37.4% Jump Turn into More Strength?
ZACKS· 2024-07-11 14:06
Solaris Oilfield Infrastructure, Inc. (SOI) shares ended the last trading session 37.4% higher at $11.36. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.7% loss over the past four weeks. The surge can be attributed to Solaris' recent acquisition of the distributed power solution provider, Mobile Energy Rentals, LLC. Mobile Energy's distributed power solutions complement Solaris' electric offerings, thereby stren ...
Solaris Oilfield Infrastructure(SOI) - 2024 Q1 - Earnings Call Transcript
2024-04-27 16:47
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Q1 2024 Earnings Call Transcript April 26, 2024 9:00 AM ET Company Participants Yvonne Fletcher - SVP of Finance & IR Bill Zartler - Chairman and CEO Kyle Ramachandran - President and CFO Conference Call Participants Luke Lemoine - Piper Sandler Stephen Gengaro - Stifel Don Crist - Johnson Rice Sean Mitchell - Daniel Energy Partners Operator Good day, and welcome to the Solaris Oilfield Infrastructure First Quarter 2024 Earnings Teleconference and Webcast. Al ...