Solaris Oilfield Infrastructure DEFA14A Filing

TL;DR

Solaris Oilfield Infrastructure filed more proxy materials for shareholders. Check it out.

AI Summary

Solaris Oilfield Infrastructure, Inc. filed a Definitive Additional Materials (DEFA14A) on August 9, 2024. This filing concerns materials provided to shareholders in relation to a corporate action. The company is based in Houston, Texas, and operates in the oil and gas machinery and equipment sector.

Why It Matters

This filing provides additional materials to shareholders, which may contain important updates or information relevant to their investment in Solaris Oilfield Infrastructure, Inc.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement amendment and does not appear to contain significant new risks or disclosures.

Key Players & Entities

• Solaris Oilfield Infrastructure, Inc. (company) — Registrant
• 9651 KATY FREEWAY SUITE 300 HOUSTON TX 77024 (company) — Business and Mail Address
• 20240809 (date) — Filing Date

FAQ

Key Financial Figures

• $74 million — ary Results and Highlights Revenue of $74 million Net income of $10 million and $0.20 p
• $10 million — Revenue of $74 million Net income of $10 million and $0.20 per diluted Class A share; Ad
• $0.20 — million Net income of $10 million and $0.20 per diluted Class A share; Adjusted pro
• $6 million — hare; Adjusted pro forma net income* of $6 million and $0.13 per fully diluted share Adj
• $0.13 — pro forma net income* of $6 million and $0.13 per fully diluted share Adjusted EBIT
• $21 million — lly diluted share Adjusted EBITDA* of $21 million Generated $19 million of cash flow fr
• $19 million — sted EBITDA* of $21 million Generated $19 million of cash flow from operations and $18 mi
• $18 million — illion of cash flow from operations and $18 million in free cash flow* Returned a total of
• $5 million — in free cash flow* Returned a total of $5 million to shareholders in second quarter 2024
• $178 million — er 2024 through dividends, resulting in $178 million cumulatively returned to shareholders s
• $0.12 — nnounced third quarter 2024 dividend of $0.12 per share on July 29, 2024, to be paid
• $200 m — initial purchase price of approximately $200 million, consisting of $60 million of cas
• $60 million — proximately $200 million, consisting of $60 million of cash and the issuance of approximate
• $8.50 — B common stock at a price per share of $8.50; proposed transaction remains subject t
• $15 million — e second quarter of 2024. Approximately $15 million remains in the current share repurchase

Filing Documents

• d746940ddefa14a.htm (DEFA14A) — 235KB
• 0001193125-24-197706.txt ( ) — 236KB

Forward Looking Statements

Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, but are not limited to, our business strategy, our industry, our future profitability, the volatility in global oil markets, expected capital expenditures and the impact of such expenditures on performance, management changes, current and potential future long-term contracts, our future business and financial performance and our results of operations, and the other risks discussed in Part I, Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the U.S. Securities Exchange Commission (the SEC) on February 27, 2024. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Factors that could cause our actual results to differ materially from the results contemplated by such forward-looking statements include, but are not limited to the factors discussed or referenced in our filings made from time to time with the SEC. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required b

View Full Filing

View this DEFA14A filing on SEC EDGAR