The following is a summary of the Solaris Oilfield Infrastructure, Inc. (SOI) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Solaris generated $68 million in revenue, $23 million in adjusted EBITDA, and $14 million of free cash flow in the first quarter of 2024.

• The company returned $13 million to shareholders, including $8 million in share repurchases and $5 million in dividends.

• The Q2 2024 dividend was set at $0.12 per share.

• Debt on revolving credit facility remained at $30 million, with net debt standing at $27 million.

• The company expects a free cash flow of between $15 million and $20 million in Q2 2024.

Business Progress:

• Solaris had a strong start to 2024, with robust free cash flow and maintaining a high quality of service.

• The company sees electrification, consolidation, and efficiency as key trends in the US shale industry and aims to lead in these areas.

• All silo systems and top fill equipment have been upgraded to improve reliability and sand offloading rates.

• Solaris continues to innovate and provide high-quality support to its customers.

• While maintaining a strong cash position, the firm is prepared for potential organic and inorganic growth opportunities in the future.

• On its 10th anniversary, Solaris expressed steadfastness in its commitment to delivering innovative solutions to improve well site efficiency and a focus on delivering returns to shareholders in the coming decade.

More details: Solaris Oilfield Infrastructure IR

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