Solaris Energy Infrastructure, Inc. (NYSE:SEI) Q1 2025 Earnings Conference Call April 29, 2025 9:00 AM ET Company Participants Yvonne Fletcher - SVP of Finance and IR William Zartler - Chairman & CEO Kyle Ramachandran - President & CFO Conference Call Participants Stephen Gengaro - Stifel Derrick Whitfield - Texas Capital Derek Podhaizer - Piper Sandler Thomas Meric - Janney Montgomery Scott Jeff LeBlanc - Tudor, Pickering, Holt & Co. Don Crist - Johnson Rice Bobby Brooks - Northland Capital Markets Sean Mi ...

Core Viewpoint - A class action securities lawsuit has been filed against Solaris Energy Infrastructure, Inc. due to alleged securities fraud affecting investors between July 9, 2024, and March 17, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were adversely affected by alleged fraudulent activities [2]. - The complaint alleges that the defendants made false statements regarding Mobile Energy Rentals LLC (MER), including its lack of corporate history in mobile turbine leasing and a non-diversified earnings stream [3]. - It is claimed that MER's co-owner has a criminal background associated with turbine-related fraud, which misled investors about Solaris's commercial prospects from the acquisition [3]. - The lawsuit also alleges that Solaris inflated profitability metrics by failing to properly depreciate its turbines, leading to materially misleading statements about the company's business and operations [3]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [5].

NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Solaris Energy Infrastructure, Inc. (NYSE: SEI). Shareholders who purchased shares of SEI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/solaris-energy-infrastructure-inc-loss-submission-form/?id=145090 ...

Core Viewpoint - Phillips 66 reported a wider-than-expected adjusted loss in Q1 2025, with total revenues declining from the previous year, primarily due to lower refining volumes and margins [1][2]. Financial Performance - The adjusted loss per share was 90 cents, compared to a consensus estimate of a 77-cent loss, and a decline from earnings of $1.90 in the same quarter last year [1]. - Total quarterly revenues were $32 billion, exceeding the consensus estimate of $31 billion but down from $36 billion year-over-year [1]. Segmental Results - **Midstream**: Adjusted pre-tax earnings increased to $683 million from $613 million year-over-year, surpassing estimates due to higher margins and NGL transportation volumes [3]. - **Chemicals**: Adjusted pre-tax earnings fell to $113 million from $205 million in the prior-year quarter, missing estimates [4]. - **Refining**: Reported an adjusted pre-tax loss of $937 million, a significant decline from earnings of $313 million in the previous year, primarily due to lower refining volumes and higher turnaround costs [5]. - **Marketing & Specialties**: Adjusted pre-tax earnings decreased to $265 million from $307 million, but exceeded projections [7]. - **Renewable Fuels**: Reported an adjusted pre-tax loss of $185 million, worsening from a loss of $55 million in the prior-year quarter, impacted by changes in tax credits and weak international results [8]. Refining Margins - Realized refining margins dropped to $6.81 per barrel from $11.01 year-over-year, with declines noted across various regions including the Central Corridor and Gulf Coast [6]. Costs and Expenses - Total costs and expenses decreased to $31.1 billion from $35.5 billion in the previous year, better than projections [9]. Financial Condition - The company generated $187 million in net cash from operations, an improvement from a net cash outflow of $236 million in the prior year [10]. - Capital expenditures totaled $423 million, with dividends paid out amounting to $469 million [10]. - As of March 31, 2025, cash and cash equivalents stood at $1.5 billion, with total debt at $18.8 billion, reflecting a debt-to-capitalization ratio of 40% [10].

Core Viewpoint - SLB reported weaker-than-expected earnings and revenues for the first quarter of 2025, primarily due to reduced drilling activity in key regions [1][2]. Financial Performance - Earnings per share (EPS) for Q1 2025 were 72 cents, missing the Zacks Consensus Estimate of 74 cents and down from 75 cents in the previous year [1]. - Total quarterly revenues were $8.49 billion, below the Zacks Consensus Estimate of $8.59 billion and down from $8.71 billion year-over-year [1]. Segmental Performance - **Digital & Integration**: Revenues increased by 6% year-over-year to $1,006 million, with pre-tax operating income rising 21% to $306 million, surpassing estimates [3][4]. - **Reservoir Performance**: Revenues decreased by 1% to $1.7 billion, with pre-tax operating income falling 17% to $282 million, missing estimates [5]. - **Well Construction**: Revenues fell 12% to $2.98 billion, with pre-tax operating income down 15% to $589 million, aligning closely with estimates [6]. - **Production Systems**: Revenues rose 4% to $2.94 billion, with pre-tax operating income improving 19% to $475 million, exceeding estimates [7]. Cash Flow & Financials - SLB reported free cash flow of $103 million for the first quarter [8]. - As of March 31, 2024, the company had approximately $3.89 billion in cash and short-term investments, with long-term debt at $10.53 billion [8]. Outlook - SLB maintained its full-year 2025 capital investment guidance at approximately $2.3 billion, lower than the 2024 level of $2.6 billion [9].

Core Viewpoint - A class action securities lawsuit has been filed against Solaris Energy Infrastructure, Inc. due to alleged securities fraud affecting investors between July 9, 2024, and March 17, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were adversely affected by alleged fraudulent activities [2]. - The complaint alleges that the defendants made false statements regarding Mobile Energy Rentals LLC (MER), including its lack of corporate history in mobile turbine leasing and a non-diversified earnings stream [3]. - It is claimed that MER's co-owner has a criminal background associated with turbine-related fraud, which misled investors about Solaris's commercial prospects from the acquisition [3]. - The lawsuit also alleges that Solaris inflated profitability metrics by failing to properly depreciate its turbines, leading to materially misleading statements about the company's business and operations [3]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request appointment as lead plaintiff, although participation does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [5].

NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Solaris Energy Infrastructure, Inc. ("Solaris Energy Infrastructure, Inc." or the "Company") (NYSE: SEI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Solaris Energy Infrastructure, Inc. investors who were adversely affected by alleged securities fraud between July 9, 2024 and March 17, 2025. Follow the link below to get more information and be contacted by a me ...

NEW YORK, April 24, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Solaris Energy Infrastructure, Inc. (NYSE: SEI). Shareholders who purchased shares of SEI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/solaris-energy-infrastructure-inc-loss-submission-form/? id=144666&fr ...

NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Solaris Energy Infrastructure, Inc. (NYSE: SEI) between July 9, 2024 and March 17, 2025, both dates inclusive (the “Class Period”), of the important May 27, 2025 lead plaintiff deadline. SO WHAT: If you purchased Solaris Energy securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fe ...

Core Insights - Baker Hughes Company (BKR) reported first-quarter 2025 adjusted earnings of 51 cents per share, exceeding the Zacks Consensus Estimate of 47 cents and improving from 43 cents a year ago [1] - Total quarterly revenues were $6,427 million, slightly missing the Zacks Consensus Estimate of $6,512 million but increasing from $6,418 million in the previous year [1] Segment Performance - The company reorganized into two operating segments: Oilfield Services and Equipment (OFSE) and Industrial and Energy Technology (IET) [3] - Revenues from the OFSE unit were $3,499 million, down 8% from $3,783 million a year ago and below the estimate of $3,598 million [3] - EBITDA from the OFSE segment totaled $623 million, down 3% from $644 million in Q1 2024, attributed to lower volume despite productivity improvements [4] - Revenues from the IET unit were $2,928 million, up 11% from $2,634 million a year ago and beating the estimate of $2,896 million [4] - EBITDA from the IET segment was $501 million, up 30% from $386 million in the previous year, driven by productivity and increased volume [5] Financial Overview - Total costs and expenses for the first quarter were $5,866 million, up from $5,777 million a year ago, and slightly below the projection of $5,874.7 million [6] - Orders from all business segments amounted to $6,459 million, down 1% from $6,542 million a year ago, primarily due to lower order intake in the OFSE segment [7] - Free cash flow generated was $454 million, compared to $502 million a year ago [8] - Net capital expenditure in the first quarter was $255 million, with cash and cash equivalents of $3,277 million as of March 31, 2025 [9] - Long-term debt stood at $5,969 million, with a debt-to-capitalization ratio of 25.9% [9] Market Position - Baker Hughes currently holds a Zacks Rank 3 (Hold) [10] - Other energy sector stocks with better rankings include Archrock Inc. (AROC) with a Zacks Rank 1 (Strong Buy), and Kinder Morgan, Inc. (KMI) and Enterprise Products Partners L.P. (EPD), both with a Zacks Rank 2 (Buy) [11]