Acquisition Details - Solaris Energy Infrastructure, Inc. completed the acquisition of Mobile Energy Rental LLC for a total consideration of $136.7 million, which includes $60 million in cash and 16,464,778 units of Solaris LLC[2]. - Solaris incurred $162 million of additional debt to refinance existing debt and fund the cash due at closing of the transaction[3]. - The acquisition method of accounting was used, with assets and liabilities recorded at their fair values as of the acquisition date[3]. - The transaction is subject to closing adjustments that have not yet been finalized, indicating potential variability in the final accounting[8]. - The transaction will increase non-controlling interest by $1.5 million due to the issuance of 16.5 million Solaris LLC units to MER members[30]. Financial Projections - The pro forma combined total revenue for the year ended December 31, 2024, is projected to be $339.033 million, reflecting an increase from historical revenues[11]. - Total operating costs and expenses for the pro forma combined entity are projected to be $295.378 million, resulting in an operating income of $43.655 million[11]. - The transaction is expected to enhance Solaris's service and leasing revenue, with service revenue projected at $264.260 million and leasing revenue at $60.141 million[11]. - Total revenues for the pro forma year ended December 31, 2024 are projected to be $23,721 thousand, with lease income contributing $7,821 thousand and service revenue at $2,103 thousand[20]. - Net income for the pro forma year ended December 31, 2024 is estimated at $12,930 thousand, reflecting a significant increase from historical performance[20]. Earnings and Expenses - The pro forma combined net income attributable to common shareholders is estimated at $6.246 million, with earnings per share of $0.22 on a diluted basis[11]. - Pro forma earnings per share for Class A common stock are projected at $0.22 (basic) and $0.21 (diluted) for the year ended December 31, 2024[32]. - The provision for income taxes is estimated at $5.7 million for the year ended December 31, 2024, based on a historical effective tax rate of 20.2%[29]. - The pro forma adjustment to interest expense for the year ended December 31, 2024 is estimated to be a net reduction of $5,442 thousand, with a variable interest rate assumed at 10.8%[24]. - The company anticipates an additional pro forma depreciation and amortization expense of $8,422 thousand related to the acquisition of identifiable property and equipment[26]. Management Insights - Solaris's management believes the pro forma financial statements reflect necessary adjustments to present fairly the combined financial information[6]. - The pro forma adjustments are preliminary and may change as additional information becomes available, potentially impacting the financial statements materially[8]. - The pro forma adjustments include the elimination of historical interest expenses totaling $12,820 thousand, enhancing the overall financial outlook[24]. - The company expects to depreciate equipment held for lease once delivered, with significant investments in "Construction in Progress" for turbines and other equipment[28].

Group 1 - The Rosen Law Firm is reminding purchasers of Solaris Energy Infrastructure, Inc. securities of a lead plaintiff deadline on May 27, 2025, for a class action lawsuit [1] - Investors who purchased Solaris Energy securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting the Rosen Law Firm [3][6] Group 2 - The lawsuit alleges that Solaris Energy made false and misleading statements regarding its acquisition of Mobile Energy Rentals LLC, including the lack of corporate history and diversified earnings [5] - Specific claims include that Solaris Energy overstated the commercial prospects of the MER acquisition and inflated profitability metrics by failing to properly depreciate its turbines [5] - The misleading statements led to investor damages when the true details about Solaris Energy's business and operations were revealed [5] Group 3 - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4] - The firm has achieved significant settlements for investors, including over $438 million in 2019 and has been recognized as a leader in the field of securities class action litigation [4]

Solaris Oilfield Infrastructure (SEI) Q1 2025 Earnings Call April 29, 2025 02:21 PM ET Speaker0 Good morning and welcome to the Solaris First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. Please note this event is being recorded. I would like to now turn the conference over to Yvonne Fletcher, Senior Vice President of Finance and Investor Relations. Please go ahead. Speaker1 Thank you, operator. Good morning, and welcome to the Solaris first quarter twent ...

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Q1 2025 Earnings Conference Call April 29, 2025 9:00 AM ET Company Participants Yvonne Fletcher - SVP of Finance and IR William Zartler - Chairman & CEO Kyle Ramachandran - President & CFO Conference Call Participants Stephen Gengaro - Stifel Derrick Whitfield - Texas Capital Derek Podhaizer - Piper Sandler Thomas Meric - Janney Montgomery Scott Jeff LeBlanc - Tudor, Pickering, Holt & Co. Don Crist - Johnson Rice Bobby Brooks - Northland Capital Markets Sean Mi ...

Core Viewpoint - A class action securities lawsuit has been filed against Solaris Energy Infrastructure, Inc. due to alleged securities fraud affecting investors between July 9, 2024, and March 17, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were adversely affected by alleged fraudulent activities [2]. - The complaint alleges that the defendants made false statements regarding Mobile Energy Rentals LLC (MER), including its lack of corporate history in mobile turbine leasing and a non-diversified earnings stream [3]. - It is claimed that MER's co-owner has a criminal background associated with turbine-related fraud, which misled investors about Solaris's commercial prospects from the acquisition [3]. - The lawsuit also alleges that Solaris inflated profitability metrics by failing to properly depreciate its turbines, leading to materially misleading statements about the company's business and operations [3]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [5].

NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Solaris Energy Infrastructure, Inc. (NYSE: SEI). Shareholders who purchased shares of SEI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/solaris-energy-infrastructure-inc-loss-submission-form/?id=145090 ...

PHILADELPHIA, April 28, 2025 /PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Solaris Energy Infrastructure, Inc. ("Solaris" or the "Company") (NYSE: SEI) on behalf of purchasers of Solaris securities between July 9, 2024 through March 17, 2025, inclusive (the "Class Period").Investor Deadline: Investors who purchased or acquired Solaris securities during the Class Period may, no later than MAY 27, 2025, seek to be appointed as a lead plainti ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Solaris To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Solaris between July 9, 2024 and March 17, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, April 26, 2025 (GLOBE NEWSWIRE) -- Faruqi & F ...

Core Viewpoint - A class action securities lawsuit has been filed against Solaris Energy Infrastructure, Inc. due to alleged securities fraud affecting investors between July 9, 2024, and March 17, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were adversely affected by alleged fraudulent activities [2]. - The complaint alleges that the defendants made false statements regarding Mobile Energy Rentals LLC (MER), including its lack of corporate history in mobile turbine leasing and a non-diversified earnings stream [3]. - It is claimed that MER's co-owner has a criminal background associated with turbine-related fraud, which misled investors about Solaris's commercial prospects from the acquisition [3]. - The lawsuit also alleges that Solaris inflated profitability metrics by failing to properly depreciate its turbines, leading to materially misleading statements about the company's business and operations [3]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request appointment as lead plaintiff, although participation does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [5].

NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Solaris Energy Infrastructure, Inc. ("Solaris Energy Infrastructure, Inc." or the "Company") (NYSE: SEI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Solaris Energy Infrastructure, Inc. investors who were adversely affected by alleged securities fraud between July 9, 2024 and March 17, 2025. Follow the link below to get more information and be contacted by a me ...