Solaris Energy Infrastructure, Inc. - Understand $sei stock

$SEI Market Cap: $498.1 Million

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Financial Snapshot

Revenue

$280.1M

TTM

Gross Margin

40.2%

TTM

Net Earnings

$13.57M

TTM

Current Assets

$197.0M

Q3 2024

Current Liabilities

$54.60M

Q3 2024

Current Ratio

360.88%

Q3 2024

Total Assets

$939.5M

Q3 2024

Total Liabilities

$446.1M

Q3 2024

Book Value

$493.4M

Q3 2024

Cash

$18.60M

Q3 2024

P/E

36.72

Nov 29, 2024 EST

Free Cash Flow

$48.04M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$292.9M	$320.0M	$159.2M	$103.0M	$241.7M	$197.2M	$67.40M	$18.20M	$14.20M
YoY Change	-8.46%	101.02%	54.59%	-57.39%	22.56%	192.58%	270.33%	28.17%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$292.9M	$320.0M	$159.2M	$103.0M	$241.7M	$197.2M	$67.40M	$18.20M	$14.20M
Cost Of Revenue	$177.8M	$219.8M	$115.5M	$65.50M	$87.20M	$60.90M	$16.90M	$6.300M	$4.800M
Gross Profit	$115.1M	$100.2M	$43.73M	$37.50M	$154.5M	$136.3M	$50.50M	$11.80M	$9.400M
Gross Profit Margin	39.29%	31.32%	27.47%	36.42%	63.93%	69.12%	74.93%	64.84%	66.2%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin	$26.95M	$23.07M	$19.26M	$16.48M	$18.59M	$16.76M	$14.30M	$5.200M	$6.200M
YoY Change	16.8%	19.78%	16.89%	-11.33%	10.91%	17.19%	175.0%	-16.13%
% of Gross Profit	23.42%	23.02%	44.05%	43.95%	12.03%	12.29%	28.32%	44.07%	65.96%
Research & Development				$0.00	$0.00	$0.00
YoY Change
% of Gross Profit				0.0%	0.0%	0.0%
Depreciation & Amortization	$36.19M	$30.43M	$27.21M	$27.02M	$26.93M	$18.40M	$6.600M	$3.800M	$2.400M
YoY Change	18.9%	11.84%	0.7%	0.36%	46.33%	178.79%	73.68%	58.33%
% of Gross Profit	31.44%	30.36%	62.22%	72.06%	17.43%	13.5%	13.07%	32.2%	25.53%
Operating Expenses	$26.95M	$23.07M	$19.26M	$16.48M	$18.59M	$16.76M	$25.00M	$9.000M	$10.60M
YoY Change	16.8%	19.78%	16.89%	-11.33%	10.91%	-32.97%	177.78%	-15.09%
Operating Profit	$49.90M	$41.80M	-$387.0K	-$59.90M	$107.9M	$99.29M	$25.50M	$2.800M	-$1.200M
YoY Change	19.37%	-10902.07%	-99.35%	-155.5%	8.71%	289.36%	810.71%	-333.33%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	-$3.307M	-$489.0K	-$247.0K	-$200.0K	-$600.0K	-$400.0K	-$100.0K	$0.00	$0.00
YoY Change	576.28%	97.98%	23.5%	-66.67%	50.0%	300.0%
% of Operating Profit	-6.63%	-1.17%			-0.56%	-0.4%	-0.39%	0.0%
Other Income/Expense, Net					$0.00	$0.00	$23.00M	$0.00	-$100.0K
YoY Change						-100.0%		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	$46.60M	$41.32M	-$634.0K	-$60.06M	$107.3M	$98.91M	$48.40M	$2.800M	-$1.300M
YoY Change	12.78%	-6616.56%	-98.94%	-155.98%	8.48%	104.37%	1628.57%	-315.38%
Income Tax	$7.820M	$7.803M	$626.0K	-$8.969M	$16.94M	$12.96M	$3.300M	$0.00	$100.0K
% Of Pretax Income	16.78%	18.89%			15.78%	13.1%	6.82%	0.0%
Net Earnings	$24.34M	$21.16M	-$868.0K	-$29.34M	$52.01M	$42.43M	-$4.200M	$2.800M	-$1.400M
YoY Change	15.02%	-2537.56%	-97.04%	-156.42%	22.57%	-1110.26%	-250.0%	-300.0%
Net Earnings / Revenue	8.31%	6.61%	-0.55%	-28.49%	21.52%	21.52%	-6.23%	15.38%	-9.86%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.78	$0.65	-$28.19K	-$1.014M	$1.722M	$1.643M	-$347.1K	$66.35K	-$33.18K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments	$5.833M	$8.835M	$36.50M	$60.40M	$66.90M	$25.10M	$63.40M	$3.600M	$6.900M
YoY Change	-33.98%	-75.79%	-39.57%	-9.72%	166.53%	-60.41%	1661.11%	-47.83%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$5.247M	$3.011M	$7.743M	$900.0K	$3.200M	$4.300M	$3.400M	$300.0K	$400.0K
YoY Change	74.26%	-61.11%	760.33%	-71.88%	-25.58%	26.47%	1033.33%	-25.0%
Inventory	$6.672M	$5.289M	$1.654M	$1.000M	$7.100M	$10.50M	$7.500M	$1.400M	$1.700M
Prepaid Expenses
Receivables	$47.29M	$69.47M	$33.12M	$18.20M	$38.60M	$39.70M	$13.00M	$4.500M	$1.600M
Other Receivables	$2.095M	$2.140M	$2.054M	$1.300M	$1.800M	$1.300M	$200.0K	$100.0K	$100.0K
Total Short-Term Assets	$67.14M	$88.74M	$81.07M	$81.70M	$117.6M	$80.80M	$87.60M	$9.800M	$10.70M
YoY Change	-24.34%	9.47%	-0.77%	-30.53%	45.54%	-7.76%	793.88%	-8.41%
Property, Plant & Equipment	$335.8M	$302.2M	$244.3M	$250.6M	$314.5M	$296.5M	$151.2M	$54.40M	$46.80M
YoY Change	11.13%	23.71%	-2.52%	-20.32%	6.07%	96.1%	177.94%	16.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$49.95M	$57.21M	$65.68M	$63.60M	$52.00M	$59.50M	$38.50M
YoY Change	-12.69%	-12.89%	3.26%	22.31%	-12.61%	54.55%
Total Long-Term Assets	$401.2M	$373.8M	$325.2M	$330.2M	$387.5M	$377.8M	$212.1M	$67.40M	$59.90M
YoY Change	7.31%	14.97%	-1.53%	-14.79%	2.57%	78.12%	214.69%	12.52%
Total Assets	$468.3M	$462.6M	$406.2M	$411.9M	$505.1M	$458.6M	$299.7M	$77.20M	$70.60M
YoY Change
Accounts Payable	$12.65M	$25.93M	$9.927M	$6.900M	$3.800M	$9.100M	$5.000M	$700.0K	$700.0K
YoY Change	-51.21%	161.25%	43.87%	81.58%	-58.24%	82.0%	614.29%	0.0%
Accrued Expenses	$21.68M	$26.17M	$17.64M	$12.60M	$15.00M	$12.70M	$15.50M	$2.100M	$1.900M
YoY Change	-17.17%	48.39%	39.96%	-16.0%	18.11%	-18.06%	638.1%	10.53%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$2.462M	$1.924M	$31.00K	$0.00	$0.00	$0.00	$0.00	$200.0K	$100.0K
YoY Change	27.96%	6106.45%					-100.0%	100.0%
Total Short-Term Liabilities	$37.20M	$55.91M	$29.30M	$20.20M	$20.40M	$35.30M	$20.50M	$3.100M	$2.700M
YoY Change	-33.46%	90.82%	45.04%	-0.98%	-42.21%	72.2%	561.29%	14.81%
Long-Term Debt	$32.40M	$11.43M	$70.00K	$100.0K	$100.0K	$13.20M	$200.0K	$2.800M	$400.0K
YoY Change	183.5%	16227.14%	-30.0%	0.0%	-99.24%	6500.0%	-92.86%	600.0%
Other Long-Term Liabilities	$83.12M	$78.11M	$78.98M	$76.10M	$74.90M	$69.30M	$24.80M
YoY Change	6.41%	-1.1%	3.78%	1.6%	8.08%	179.44%
Total Long-Term Liabilities	$115.5M	$89.54M	$79.05M	$76.20M	$75.00M	$82.50M	$25.00M	$2.800M	$400.0K
YoY Change	29.01%	13.27%	3.74%	1.6%	-9.09%	230.0%	792.86%	600.0%
Total Liabilities	$262.3M	$246.9M	$203.1M	$210.6M	$241.2M	$260.2M	$186.4M	$5.900M	$3.100M
YoY Change	6.26%	21.56%	-3.57%	-12.69%	-7.3%	39.59%	3059.32%	90.32%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2018	2017
Basic Shares Outstanding	25.68K	12.12M
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $498.14 Million

About Solaris Energy Infrastructure, Inc.

Solaris Oilfield Infrastructure, Inc. is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. The company is headquartered in Houston, Texas and currently employs 338 full-time employees. The company went IPO on 2017-05-12. The firm designs and manufactures specialized equipment, which combined with field technician support, last mile logistics services and software solutions, which enables it to provide a service offering that helps oil and natural gas operators and their suppliers during the completion phase of well development. The company services active oil and natural gas basins in the United States. The company specializes in developing all electric equipment that automates the low-pressure section of oil and gas well completion sites. The Company’s sand handling service span from mobile proppant management systems to multiple types of all-electric, automated systems designed to store, move, and blend sand and fluids on the low-pressure side of well completion sites. The company measures its activity based on the number of its fully utilized systems.

Industry: Oil & Gas Field Machinery & Equipment Peers: Bristow Group Inc. HELIX ENERGY SOLUTIONS GROUP INC DMC Global Inc. Innovex International, Inc. NPK International Inc. National Energy Services Reunited Corp. OIL STATES INTERNATIONAL, INC SCHLUMBERGER LIMITED/NV TETRA TECHNOLOGIES INC