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 ...

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]

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].

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].

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 ...

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, 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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38090 SOLARIS OILFIELD INFRASTRUCTURE, INC. (Exact name of registrant as specified in its charter) (State or ...

First Quarter 2024 Results and Shareholder Returns Overview Solaris Oilfield Infrastructure delivered strong Q1 2024 free cash flow, enabling significant shareholder returns and maintaining a robust financial position [Executive Summary & Key Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Key%20Highlights) Solaris Oilfield Infrastructure reported strong free cash flow generation in Q1 2024, enabling continued shareholder returns - Solaris started the year with **strong free cash flow generation**, continuing to harvest cash from prior organic investments[2](index=2&type=chunk) - The company expects continued growth in free cash flow to support shareholder returns, maintain a healthy balance sheet, and provide flexibility for future investments[3](index=3&type=chunk) Key Financial Highlights | Metric | Q1 2024 Value | | :-------------------------------- | :------------ | | Revenue | $68 million | | Net income | $7 million | | EPS (diluted Class A share) | $0.14 | | Adjusted pro forma net income | $7 million | | Adjusted pro forma EPS (fully diluted) | $0.16 | | Adjusted EBITDA | $23 million | | Cash flow from operations | $17 million | | Free cash flow | $14 million | | Shareholder returns (Q1 2024) | $13 million | | Cumulative shareholder returns (since 2018) | $172 million | [Shareholder Returns Program](index=1&type=section&id=Shareholder%20Returns%20Program) Solaris continued its commitment to shareholder returns, approving a Q2 2024 dividend of $0.12 per share and repurchasing 1.1 million shares in Q1 2024 - Solaris' Board of Directors approved a **Q2 2024 cash dividend of $0.12 per share** of Class A common stock, payable on June 17, 2024[5](index=5&type=chunk) - The company repurchased **1.1 million shares for approximately $8 million** during Q1 2024, with approximately $15 million remaining in the current share repurchase authorization[4](index=4&type=chunk) - Since initiating the repurchase authorization in Q1 2023, Solaris has repurchased **4.3 million shares**, representing approximately **10% of total current outstanding shares**[4](index=4&type=chunk) - Pro forma for the Q2 2024 dividend, Solaris has returned approximately **$178 million to shareholders** through dividends and share repurchases since 2018, increasing dividend per share by **20%** and reducing total shares outstanding by **7%**[6](index=6&type=chunk) [Free Cash Flow, Capital Expenditures & Liquidity](index=1&type=section&id=Free%20Cash%20Flow%2C%20Capital%20Expenditures%20%26%20Liquidity) Solaris generated positive free cash flow of $14 million in Q1 2024, despite seasonal working capital use - Free cash flow after asset disposals was **positive $14 million** in Q1 2024, including a seasonal working capital use of $5 million[7](index=7&type=chunk) - Capital expenditures in Q1 2024 were approximately **$3 million**, down **55% from Q4 2023**; full-year 2024 capital expenditures are expected to be less than **$15 million**, an approximately **75% year-over-year reduction**[7](index=7&type=chunk) Liquidity and Net Debt Position | Metric | As of March 31, 2024 | | :----------------- | :------------------- | | Cash on balance sheet | $3 million | | Borrowings outstanding | $30 million | | Liquidity | $41 million | | Net debt | $27 million | Detailed First Quarter 2024 Financial Review This section provides an in-depth analysis of Solaris' Q1 2024 financial performance, including revenue, net income, and operational activity [Financial Performance Analysis](index=3&type=section&id=Financial%20Performance%20Analysis) Solaris' Q1 2024 financial performance showed sequential growth in revenue and Adjusted EBITDA, driven by increased lower-margin ancillary last mile logistics services and improved system pricing Key Financial Performance Metrics (Values in Millions USD, except EPS) | Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change | | :-------------------------- | :------ | :------ | :------ | :--------- | :--------- | | Net income | $7M | $7M | $12M | Flat | -41.7% | | EPS (diluted Class A share) | $0.14 | $0.14 | $0.23 | Flat | -39.1% | | Adjusted pro forma net income | $7M | $7M | $11M | Flat | -36.4% | | Adjusted pro forma EPS (fully diluted) | $0.16 | $0.15 | $0.24 | +6.7% | -33.3% | | Revenue | $68M | $63M | $83M | +7% | -18% | | Adjusted EBITDA | $23M | $21M | $25M | +7% | -10% | - The sequential increases in revenue and Adjusted EBITDA were driven by an increase in lower-margin ancillary last mile logistics services activity and improved system pricing[12](index=12&type=chunk) [Operational Activity](index=3&type=section&id=Operational%20Activity) In Q1 2024, Solaris operated 102 fully utilized systems, which remained flat quarter-over-quarter but decreased 14% year-over-year - Solaris earned revenue on **102 fully utilized systems** (sand and top fill systems) in Q1 2024, which was essentially flat with Q4 2023 but down **14% from Q1 2023**[13](index=13&type=chunk) - The company followed an average of **64 industry frac crews** on a fully utilized basis in Q1 2024, flat with Q4 2023[13](index=13&type=chunk) Unaudited Consolidated Financial Statements Presents Solaris' unaudited consolidated statements of operations, balance sheets, and cash flows for Q1 2024 and comparative periods [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) The Consolidated Statements of Operations provide a detailed breakdown of Solaris' revenues, operating costs, and net income for the three months ended March 31, 2024, compared to prior periods Consolidated Statements of Operations (Thousands USD) | Metric | March 31, 2024 | March 31, 2023 | December 31, 2023 | | :------------------------------------------ | :------------- | :------------- | :---------------- | | Revenue | $64,635 | $77,828 | $60,069 | | Revenue - related parties | $3,255 | $4,894 | $3,278 | | **Total revenue** | **$67,890** | **$82,722** | **$63,347** | | Cost of services (excluding D&A) | $39,887 | $53,223 | $36,870 | | Depreciation and amortization | $9,934 | $8,417 | $9,518 | | Selling, general and administrative | $7,990 | $6,538 | $7,229 | | Other operating (income) expense, net | $123 | $(338) | $489 | | **Total operating costs and expenses** | **$57,934** | **$67,840** | **$54,106** | | **Operating income** | **$9,956** | **$14,882** | **$9,241** | | Interest expense, net | $(799) | $(459) | $(912) | | Income before income tax expense | $9,157 | $14,423 | $8,329 | | Provision for income taxes | $(1,857) | $(2,486) | $(1,370) | | **Net income** | **$7,300** | **$11,937** | **$6,959** | | Less: net income related to non-controlling interests | $(2,983) | $(4,368) | $(2,658) | | Net income attributable to Solaris Oilfield Infrastructure, Inc. | $4,317 | $7,569 | $4,301 | | Less: income attributable to participating securities | $(277) | $(350) | $(214) | | **Net income attributable to common shareholders** | **$4,040** | **$7,219** | **$4,087** | | Earnings per share of Class A common stock - basic | $0.14 | $0.23 | $0.14 | | Earnings per share of Class A common stock - diluted | $0.14 | $0.23 | $0.14 | | Basic weighted average shares of Class A common stock outstanding | 28,587 | 31,214 | 29,024 | | Diluted weighted average shares of Class A common stock outstanding | 28,587 | 31,214 | 29,024 | [Consolidated Balance Sheets](index=7&type=section&id=Consolidated%20Balance%20Sheets) The Consolidated Balance Sheets present Solaris' financial position as of March 31, 2024, compared to December 31, 2023, detailing assets, liabilities, and stockholders' equity Consolidated Balance Sheets (Thousands USD) | Metric | March 31, 2024 | December 31, 2023 | | :------------------------------------------ | :------------- | :---------------- | | **Assets** | | | | Cash and cash equivalents | $3,424 | $5,833 | | Accounts receivable, net | $46,411 | $44,916 | | Total current assets | $62,885 | $67,141 | | Property, plant and equipment, net | $320,885 | $325,121 | | Goodwill | $13,004 | $13,004 | | Deferred tax assets | $45,861 | $48,010 | | **Total assets** | **$457,070** | **$468,297** | | **Liabilities** | | | | Accounts payable | $12,266 | $12,654 | | Accrued liabilities | $16,489 | $20,292 | | Total current liabilities | $35,315 | $37,201 | | Credit agreement | $30,000 | $30,000 | | Payables related to Tax Receivable Agreement | $68,846 | $71,530 | | **Total liabilities** | **$147,222** | **$152,717** | | **Stockholders' Equity** | | | | Total stockholders' equity attributable to Solaris Oilfield Infrastructure, Inc. | $200,131 | $205,983 | | Non-controlling interest | $109,717 | $109,597 | | **Total stockholders' equity** | **$309,848** | **$315,580** | | **Total liabilities and stockholders' equity** | **$457,070** | **$468,297** | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) The Consolidated Statements of Cash Flows outline the cash generated and used by Solaris across operating, investing, and financing activities for the three months ended March 31, 2024, compared to the same period in 2023 Consolidated Statements of Cash Flows (Thousands USD) | Metric | March 31, 2024 | March 31, 2023 | | :------------------------------------------ | :------------- | :------------- | | Net income | $7,300 | $11,937 | | Depreciation and amortization | $9,934 | $8,417 | | **Net cash provided by operating activities** | **$16,875** | **$16,849** | | Investment in property, plant and equipment | $(3,358) | $(18,949) | | Proceeds from disposal of property, plant and equipment | $10 | $123 | | **Net cash used in investing activities** | **$(3,348)** | **$(18,826)** | | Share repurchases and retirements | $(8,092) | $(14,427) | | Dividend paid to Class A common stock shareholders | $(3,648) | $(3,656) | | Borrowings under the credit agreement | $4,000 | $18,000 | | Repayment of credit agreement | $(4,000) | $0 | | **Net cash used in financing activities** | **$(15,936)** | **$(4,683)** | | Net decrease in cash and cash equivalents | $(2,409) | $(6,660) | | Cash and cash equivalents at beginning of period | $5,833 | $8,835 | | **Cash and cash equivalents at end of period** | **$3,424** | **$2,175** | Non-GAAP Financial Measures & Reconciliations Details Solaris' use of non-GAAP financial measures, including reconciliations for Adjusted EBITDA, Free Cash Flow, and Adjusted Pro Forma Net Income [About Non-GAAP Measures](index=3&type=section&id=About%20Non-GAAP%20Measures) Solaris utilizes non-GAAP financial measures such as adjusted net income, adjusted diluted EPS, Adjusted EBITDA, and Free Cash Flow to provide investors with additional insights into core operating results and facilitate period-over-period comparisons - Management believes adjusted net income, adjusted diluted EPS, and Adjusted EBITDA provide useful information by reflecting core operating results and facilitating comparisons across periods, removing effects of varying interest expense, depreciation, and other non-comparable items[17](index=17&type=chunk)[30](index=30&type=chunk) - Non-GAAP measures should be considered in addition to, not as a substitute for or superior to, GAAP measures[17](index=17&type=chunk)[32](index=32&type=chunk) - Adjusted pro forma net income and EPS assume full exchange of Solaris LLC interests for Class A common stock, adjusting for non-recurring items to evaluate performance period over period and relative to competitors[38](index=38&type=chunk)[39](index=39&type=chunk) [EBITDA and Adjusted EBITDA Reconciliation](index=9&type=section&id=EBITDA%20and%20Adjusted%20EBITDA%20Reconciliation) This section provides the reconciliation of Net Income to EBITDA and Adjusted EBITDA, highlighting adjustments for depreciation, interest, taxes, stock-based compensation, and other non-recurring items for Q1 2024 and prior periods EBITDA and Adjusted EBITDA Reconciliation (Thousands USD) | Metric | March 31, 2024 | March 31, 2023 | December 31, 2023 | | :-------------------------- | :------------- | :------------- | :---------------- | | Net income | $7,300 | $11,937 | $6,959 | | Depreciation and amortization | $9,934 | $8,417 | $9,518 | | Interest expense, net | $799 | $459 | $912 | | Provision for income taxes | $1,857 | $2,486 | $1,370 | | **EBITDA** | **$19,890** | **$23,299** | **$18,759** | | Stock-based compensation expense | $2,217 | $1,980 | $1,911 | | (Gain) loss on disposal of assets | $12 | $(361) | $(4) | | Credit losses | $300 | $0 | $650 | | Other | $268 | $200 | $6 | | **Adjusted EBITDA** | **$22,687** | **$25,118** | **$21,322** | [Free Cash Flow Reconciliation](index=10&type=section&id=Free%20Cash%20Flow%20Reconciliation) This section reconciles net cash flows provided by operating activities to free cash flow, demonstrating the company's liquidity after accounting for capital expenditures Free Cash Flow Reconciliation (Thousands USD) | Metric | March 31, 2024 | March 31, 2023 | December 31, 2023 | | :------------------------------------------ | :------------- | :------------- | :---------------- | | Net cash flows provided by operating activities | $16,875 | $16,849 | $23,583 | | Cash used for capital expenditures, net of proceeds from disposal of assets | $(3,348) | $(18,826) | $(7,173) | | **Free cash flow** | **$13,527** | **$(1,977)** | **$16,410** | [Adjusted Pro Forma Net Income and EPS Reconciliation](index=10&type=section&id=Adjusted%20Pro%20Forma%20Net%20Income%20and%20EPS%20Reconciliation) This section provides the reconciliation of net income attributable to Solaris to adjusted pro forma net income and the calculation of adjusted pro forma earnings per fully diluted share, assuming the full exchange of all outstanding LLC interests Adjusted Pro Forma Net Income and EPS Reconciliation (Thousands USD, except per share data) | Metric | March 31, 2024 | March 31, 2023 | December 31, 2023 | | :---------------------------------------------------------- | :------------- | :------------- | :---------------- | | Net income attributable to Solaris | $4,317 | $7,569 | $4,301 | | Reallocation of net income attributable to non-controlling interests | $2,983 | $4,368 | $2,658 | | Loss on disposal of assets | $12 | $(361) | $(4) | | Credit losses | $300 | $0 | $650 | | Other | $268 | $200 | $6 | | Incremental income tax expense | $(626) | $(779) | $(976) | | **Adjusted pro forma net income** | **$7,254** | **$10,997** | **$6,635** | | Weighted average shares of Class A common stock outstanding | 28,587 | 31,214 | 29,024 | | Potentially dilutive shares | 15,543 | 15,224 | 15,252 | | **Adjusted pro forma fully weighted average shares of Class A common stock outstanding - diluted** | **44,130** | **46,438** | **44,276** | | **Adjusted pro forma earnings per share - diluted** | **$0.16** | **$0.24** | **$0.15** | Corporate Information & Disclosures Provides essential corporate details, including company profile, conference call information, forward-looking statements, and investor relations contact [Company Profile](index=3&type=section&id=Company%20Profile) Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) specializes in providing mobile equipment that enhances supply chain and execution efficiencies for oil and natural gas well completions across various U.S. basins - Solaris Oilfield Infrastructure, Inc. provides patented mobile equipment to improve supply chain and execution efficiencies in oil and natural gas well completions[18](index=18&type=chunk) - The company's systems are deployed across oil and natural gas basins in the United States[18](index=18&type=chunk) [Conference Call Information](index=3&type=section&id=Conference%20Call%20Information) Solaris hosted a conference call on April 26, 2024, to discuss its Q1 2024 results, with details provided for live access and subsequent audio replay via phone and webcast - Solaris hosted a conference call on Friday, April 26, 2024, at 8:00 a.m. Central Time to discuss Q1 2024 results[15](index=15&type=chunk) - Participants could join via dial-in or live webcast through the Investor Relations section of the company's website[15](index=15&type=chunk) - An audio replay of the conference call was made available for approximately seven days via phone and the company's website[16](index=16&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) This press release contains forward-looking statements regarding Solaris' business strategy, future profitability, capital expenditures, and market conditions - The press release contains forward-looking statements concerning business strategy, future profitability, capital expenditures, and market volatility[19](index=19&type=chunk) - These statements are based on current expectations and assumptions but are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict[19](index=19&type=chunk)[20](index=20&type=chunk) - Readers are cautioned not to place undue reliance on forward-looking statements, and the company undertakes no obligation to update or revise them, except as required by law[20](index=20&type=chunk) [Investor Relations Contact](index=11&type=section&id=Investor%20Relations%20Contact) For investor relations inquiries, individuals can contact Yvonne Fletcher, Senior Vice President, Finance and Investor Relations - Contact for Investor Relations is Yvonne Fletcher, Senior Vice President, Finance and Investor Relations[42](index=42&type=chunk)

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Q4 2023 Earnings Conference Call February 27, 2023 9:00 AM ET Company Participants Yvonne Fletcher - SVP, Finance and IR William Zartler - Founder, Chairman & CEO Kyle Ramachandran - President & CFO Conference Call Participants Stephen Gengaro - Stifel John Daniel - Daniel Energy Partners Operator Good morning, and welcome to the Solaris Q4 2023 Earnings Conference Call. [Operator Instructions] After the today’s presentation, there will be an opportunity to a ...