Solaris (SOI) Update - Jan 19

Solaris (SOI) Update - Jan 19

Postby dan_s » Tue Jan 19, 2021 5:31 pm

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) ("Solaris" or the "Company") announced today it expects its fully utilized proppant silo system count in the fourth quarter of 2020 to increase 20-25% from third quarter 2020. This compares to the Company’s previous expectation for a flat to modestly higher level of activity.

"We are encouraged by the stronger than expected rebound in completion activity and our system deployments in the fourth quarter," Solaris’ Chairman and Chief Executive Officer Bill Zartler commented. "Activity in January is currently slightly higher than the fourth quarter average as activity remains strong. While visibility for the remainder of the year is limited, we remain focused on driving innovation, providing differentiated service and maximizing cash flow."

Earnings Release and Conference Call Information

The Company also announced today that it will host a conference call to discuss its fourth quarter and full year 2020 results on Monday, February 22, 2021 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). Solaris will issue its fourth quarter and full year 2020 earnings release before the market opens on February 22, 2021.

To join the fourth quarter 2020 conference call from within the United States, participants may dial (844) 413-3978. To join the conference call from outside of the United States, participants may dial (412) 317-6594. When instructed, please ask the operator to be joined to the Solaris Oilfield Infrastructure, Inc. call. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. To listen via live webcast, please visit the Investor Relations section of the Company’s website, www.solarisoilfield.com.

An audio replay of the conference call will be available shortly after the conclusion of the call and will remain available for approximately seven days. It can be accessed by dialing (877) 344-7529 within the United States or (412) 317-0088 outside of the United States. The conference call replay access code is 10151681.
Dan Steffens
Energy Prospectus Group
dan_s
 
Posts: 24706
Joined: Fri Apr 23, 2010 8:22 am

Re: Solaris (SOI) Update - Jan 19

Postby dan_s » Wed Jan 20, 2021 11:11 am

Stifrl's take
Solaris Oilfield Infrastructure, Inc. (SOI, $10.37, Buy; Target $11.00)
SOI Delivers Positive 4Q20 Operational Update; Maintain Buy - Stephen Gengaro
After the market close, SOI issued a positive operational update indicating that 4Q20 fully utilized proppant silo systems will increase 20-25% sequentially versus the 34.0 fully utilized systems in 3Q20. Previously, SOI guided 4Q20 fully utilized systems to be flat to modestly positive and our expectations were for a rise of 12% sequentially. Our 4Q20 adjusted EBITDA forecast is currently $3.8 million and the updated guidance suggests additional EBITDA of $0.5 million to $0.8 million. We maintain our Buy rating and $11 target price based on our 2022 EBITDA forecast and supported by our DCF analysis. We expect the shares to trade higher this morning
Dan Steffens
Energy Prospectus Group
dan_s
 
Posts: 24706
Joined: Fri Apr 23, 2010 8:22 am


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