Solaris Oilfield Infrastructure Inc (N:SOI)

Business Focus: Oil Related Services and Equipment

Sector:  Energy Industry:  Oil Related Services and Equipment
See Regulatory Filings on SEC
Company Contact
Address: 9811 Katy Fwy Ste 700
HOUSTON TX 77024-1273
Tel: N/A
IR: See website
Key People
William A. Zartler
Chairman of the Board, Chief Executive Officer
Kyle S. Ramachandran
President, Chief Financial Officer
Kelly L. Price
Chief Operating Officer
Lindsay R. Bourg
Chief Accounting Officer
Cynthia M. Durrett
Chief Administrative Officer, Director
Christopher M. Powell
Secretary, Chief Legal Officer
Business Overview
Solaris Oilfield Infrastructure, Inc. manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies. Its mobile proppant system is designed to address the challenges associated with transferring large quantities of proppant to the well site, including the cost and management of last mile logistics. Its systems provide 2.5 million pounds of proppant storage capacity. The Company manufactures its systems at its facility in Early, Texas, The Company's system provides Streamlined last mile logistics and Improved execution to meet completion designs. Its systems provide triple the storage capacity, such as trailer-mounted, hydraulically powered storage bins. Its integrated PropView system delivers real-time proppant inventory and consumption levels.
Financial Overview
For the fiscal year ended 31 December 2019, Solaris Oilfield Infrastructure Inc revenues increased 23% to $241.7M. Net income increased 23% to $52M. Revenues reflect Transloading services increase from $8.1M to $34.1M, System services increase of 49% to $63.9M. Net income also reflects Other operating expenses decrease of 68% to $585K (expense). Dividend per share increased from $0.10 to $0.41.
Employees: 245 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $178.84M as of Dec 31, 2019
Annual revenue (TTM): $241.69M as of Dec 31, 2019
EBITDA (TTM): $135.55M as of Dec 31, 2019
Net annual income (TTM): $52.01M as of Dec 31, 2019
Free cash flow (TTM): $75.03M as of Dec 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 46,158,065 as of Feb 14, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization