HOUSTON--(BUSINESS WIRE)--
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the
“Company”) announced today that its Board of Directors has declared its
first quarterly cash dividend of $0.10 per share of Class A common
stock, to be paid on December 27, 2018 to holders of record as of
December 17, 2018. A distribution of $0.10 per unit has also been
approved for holders of units in Solaris Oilfield Infrastructure, LLC,
which is subject to the same payment and record dates.
Solaris Chairman and Chief Executive Officer Bill Zartler commented,
“This dividend initiation reflects the Board’s and Management’s
confidence that we have reached a scale where we can begin to return
cash to our shareholders, while also continuing to invest in our growth
and preserve our conservative balance sheet. Going forward, we will
continue to look for ways to allocate capital that benefit Solaris’
stakeholders.”
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) manufactures and rents
mobile equipment that drives supply chain and execution efficiencies in
the completion of oil and natural gas wells. Solaris’ patented mobile
proppant systems are deployed in many of the most active oil and natural
gas basins in the United States, including the Permian Basin, the Eagle
Ford Shale, the STACK/SCOOP formation, the Marcellus and Utica Shales,
the Haynesville Shale, the Rockies and the Barnett Shale. Solaris’
high-capacity transload facility in Kingfisher, Oklahoma serves
customers with operations in the STACK/SCOOP formation. Additional
information is available on our website, www.solarisoilfield.com.
Forward Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. 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 by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181206005983/en/
Yvonne Fletcher
Senior Vice President, Finance and Investor
Relations
(281) 501-3070
[email protected]
Source: Solaris Oilfield Infrastructure, Inc.