Core Insights - Sintana Energy Inc. has provided an update on its exploration activities in Namibia's Orange Basin, specifically regarding the second campaign on blocks 2813A and 2814B under Petroleum Exploration License 83 (PEL 83) [1][2] - The Mopane-3X well has been successfully drilled, confirming significant columns of light oil and gas-condensate in high-quality sandstones [3][4] - The company holds a 49% indirect interest in Custos Energy, which has a 10% working interest in PEL 83, alongside NAMCOR's 10% interest [1][2] Exploration and Development - The Mopane-3X well targeted two stacked prospects and a deeper sand at approximately 1,200 meters water depth, with preliminary data indicating good reservoir characteristics [3][4] - Initial fluid samples from the well show low oil viscosity and minimal concentrations of CO2 and H2S, with further lab testing underway [4] - A proprietary 3D seismic acquisition campaign is on track for completion in Q1 2025, with data processing to follow [5] Management Commentary - The CEO of Sintana, Robert Bose, highlighted the scale and quality of the Mopane complex, emphasizing the company's strong position in the region [6] - Knowledge Katti, Chairman and CEO of Custos, noted the significance of the stacked discoveries in showcasing the potential of the Mopane complex [7] Company Overview - Sintana Energy is engaged in petroleum and natural gas exploration and development across six large, highly prospective exploration licenses in Namibia and Colombia's Magdalena Basin [8]

Core Viewpoint - SEI Investments (SEIC) is positioned for growth due to its global presence, solid assets under management (AUM), strategic acquisitions, and technological innovations, although it faces challenges from rising expenses and high reliance on fee-based revenues [1]. Tailwinds for SEIC - SEIC has shown impressive revenue growth with a compound annual growth rate (CAGR) of 5.2% over the five years ending in 2024, while total AUM, advisement, and administration experienced a CAGR of 8.2% during the same period [2]. - The company has been actively expanding through acquisitions, including LifeYield in December 2024 to enhance multi-account tax management, and other buyouts like Altigo and National Pensions Trust, which are expected to support top-line and AUM growth [3]. - Revenue and total assets are projected to grow at a CAGR of 5.6% and 3.5%, respectively, by 2027 [4]. - SEI Investments relies heavily on technology, with its primary business platform, Investment Processing, generating revenues through TRUST 3000 and the SEI Wealth Platform (SWP), which saw a CAGR of 5.5% over the five years ending in 2024 [5]. - Strategic acquisitions of technology platforms like Oranj, Finomial, and Novus are enhancing SEI's technological capabilities, with information processing and software servicing fees expected to grow at a CAGR of 6.6% by 2027 [6]. - As of December 31, 2024, SEIC's total debt was $51.2 million, significantly lower than cash and cash equivalents of $839.9 million, indicating strong liquidity to meet near-term obligations [7]. - The company has raised its semi-annual dividend by 6.5% in December 2024, following a 7% increase in December 2023, and has a share repurchase plan with approximately $169.6 million remaining for authorization [8]. - Over the past six months, SEIC shares have gained 19.3%, outperforming the industry’s 12.8% increase [9]. Headwinds for SEI Investments - Rising expenses are a concern, with total expenses having a CAGR of 5.8% over the last five years, primarily due to increased compensation and data processing costs [10]. - The company anticipates continued inflationary pressure on personnel costs, with total expenses projected to grow at a CAGR of 6.2% by 2027 [11]. - SEIC has significant reliance on fee-based revenues, which accounted for 78.9% of total revenues in 2024 and 2023, and is expected to contribute 78.5% in 2025, making it vulnerable to market fluctuations and regulatory changes [12].

Financial Data and Key Metrics Changes - Solaris generated total revenue of $96 million in Q4 2024, reflecting a 28% increase from the prior quarter due to contributions from Solaris Power Solutions and continued activity growth in Power [39] - Adjusted EBITDA for Q4 2024 was $37 million, representing a 68% increase from the prior quarter [39] - The company expects adjusted EBITDA to range between $44 million and $48 million in Q1 2025 and between $50 million and $55 million for Q2 2025 [43][44] Business Line Data and Key Metrics Changes - Solaris Power Solutions contributed more than 50% of the adjusted EBITDA mix in Q4 2024 and is projected to contribute nearly 80% of earnings after the on-order fleet is deployed [40] - The average megawatts earning revenue in Solaris Power Solutions is expected to increase by 20% to 360 megawatts in Q1 2025 and by 17% to approximately 420 megawatts in Q2 2025 [40][41] - Solaris Logistics expects a 15% sequential increase in fully utilized systems, driven by technology adoption and market share gains [24] Market Data and Key Metrics Changes - The demand for power is being driven by the electrification of everything, domestic reshoring of manufacturing, and the growing number of data centers [13] - The company is well-positioned to supply behind-the-meter long-term power solutions due to extended grid interconnection wait times [14] - The average contract tenor has extended from approximately six months to four to five years, indicating a shift towards more permanent power solutions [34] Company Strategy and Development Direction - Solaris is focused on building a premier behind-the-meter power as a service company, with plans to grow its power solutions fleet from 150 megawatts to approximately 1,400 megawatts by early 2027 [9][10] - The company is forming a strategic long-term partnership with a customer for a minimum of 500 megawatts for a new data center, indicating a commitment to long-term power solutions [11][32] - Solaris aims to maximize shareholder value through growth while maintaining its dividend and strong financial profile [26][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth opportunities within the market, balancing execution capabilities with equipment supply and team growth [49] - The company is optimistic about the potential for its fleet to continue to grow and expand into adjacencies such as distribution and emissions control equipment [37] - Management highlighted the importance of delivering reliable power as a service, emphasizing the need for a culture of collaboration and problem-solving [15][93] Other Important Information - Solaris announced its 26th consecutive dividend of $0.12 per share, reflecting its cash-generative business model [26][43] - The company has returned $198 million to shareholders since initiating its shareholder returns program in 2018 [44] Q&A Session Summary Question: What is the vision for the new relationship and opportunities in the next few years? - Management acknowledged the rapid growth and emphasized the importance of executing flawlessly while balancing team growth and equipment supply [48] Question: Has there been any material change in the price per megawatt given demand and supply chain constraints? - Management noted a gradual increase in costs but indicated that it has not been material yet [52] Question: Can you provide context on the complexity required to power generative AI data centers? - Management stated that their solution is competitive with grid power and offers customers a clearer view of long-term costs [62] Question: Are there ongoing conversations with other hyperscalers for new data center contracts? - Management confirmed numerous ongoing discussions with hyperscalers and heavy industrial activities needing power [68] Question: How aggressively will you market the 450 megawatts of uncontracted capacity? - Management indicated they are in active discussions and do not feel the need to rush, expecting similar contract tenors [73] Question: How important are lower emission solutions to your data center customers? - Management highlighted a mixed response but noted that they are adding emissions control technology to meet customer needs [78] Question: What is the expected timeline for contracting the 32% uncontracted capacity? - Management expects this to happen well within six to nine months [125]

Solaris Energy Infrastructure, Inc. Q4 2024 Earnings Supplement February 20, 2025 Solaris Energy Infrastructure Recent Updates and Q4 2024 Highlights Doubling of Fleet: Announced 700 MW of new equipment orders to grow operated Solaris Power Solutions fleet to 1,400 MW by 1H 2027 Establishing Long-term Partnership with a Key Customer: New commercial contract for a minimum of 500 MW for an initial term of six years to support construction of a new data center; finalizing 50.1% / 49.9% Joint Venture with custo ...

Financial Performance - Fourth quarter 2024 revenue reached $96 million, a 28% increase sequentially from Q3 2024, driven by the contribution from Solaris Power Solutions following the acquisition of Mobile Energy Rentals LLC[4] - Net income for Q4 2024 was $14 million, translating to $0.19 per diluted Class A share, while adjusted pro forma net income was $7 million or $0.12 per fully diluted share[4] - Total revenues for the year ended December 31, 2024, reached $313,091 thousand, up 6.9% from $292,947 thousand in 2023[24] - Net income for the year ended December 31, 2024, was $28,918 thousand, a decrease of 25.5% from $38,775 thousand in 2023[20] - Adjusted pro forma net income for the year ended December 31, 2024, was $24,888,000, down from $37,457,000 in 2023, showing a decline of approximately 33.5%[37] - Adjusted pro forma earnings per diluted share for the year ended December 31, 2024, was $0.50, compared to $0.83 in 2023, representing a decrease of about 39.8%[37] EBITDA and Adjusted EBITDA - Total adjusted EBITDA for Q4 2024 was $37 million, with guidance for Q1 2025 adjusted EBITDA expected to be between $44 million and $48 million[4] - Adjusted EBITDA for the year ended December 31, 2024, was $103,102 thousand, an increase of 6.5% compared to $96,693 thousand in 2023[24] - EBITDA for the year ended December 31, 2024, was $95,949,000, up from $86,087,000 in 2023, indicating a year-over-year growth of approximately 2.16%[32] - Adjusted EBITDA for the three months ended December 31, 2024, was $37,387,000, compared to $21,322,000 in the same period of 2023, reflecting an increase of about 75.5%[32] Capital Expenditures and Cash Flow - Capital expenditures in Q4 2024 were approximately $127 million, primarily for power equipment, with net cash from operating activities at $13 million[4] - Cash and cash equivalents at the end of the period increased to $159,867 thousand from $5,833 thousand in 2023[20] - As of December 31, 2024, Solaris had $325 million in outstanding borrowings and $160 million in total cash, reflecting a strong liquidity position[4] Assets and Equity - Total assets increased to $1,122,881 thousand as of December 31, 2024, compared to $468,297 thousand in 2023, representing a growth of 139.5%[18] - The company reported a total stockholders' equity of $666,729 thousand as of December 31, 2024, up from $315,580 thousand in 2023, reflecting a growth of 111.1%[18] Debt and Interest Expense - Long-term debt increased significantly to $307,605 thousand as of December 31, 2024, compared to $30,000 thousand in 2023[18] - Interest expense for the three months ended December 31, 2024, was $7,392,000, significantly higher than $912,000 for the same period in 2023[32] Dividends and Shareholder Returns - Solaris approved a dividend of $0.12 per share for Q1 2025, marking the 26th consecutive dividend, with a total of $198 million returned to shareholders cumulatively[4] Segment Performance - Fourth quarter 2024 segment adjusted EBITDA for Solaris Power Solutions was $24 million, expected to grow with an increase in revenue-generating capacity[8] - Solaris Logistics Solutions generated revenues of $274,457 thousand for the year ended December 31, 2024, while Solaris Power Solutions contributed $38,634 thousand[24] - The Solaris Logistics Solutions segment showed a strong rebound in early 2025, with increased activity due to market adoption of Solaris systems[3] Acquisitions and Partnerships - The company completed the MER Acquisition, resulting in a net cash outflow of $122,065 thousand[20] - The company established a long-term partnership with a key customer for a minimum of 500 megawatts for a new data center, finalizing a joint venture to co-own the power plant equipment[4] Stock-Based Compensation - Stock-based compensation expense for the year ended December 31, 2024, totaled $10,592,000, compared to $7,732,000 in 2023, indicating an increase of approximately 37.5%[32] Other Notable Transactions - The company recognized a gain of $7,461,000 on the sale of a 300-acre transload facility in Kingfisher, Oklahoma, which had zero net carrying value at the time of sale[36] - Acquisition-related costs for the year ended December 31, 2024, amounted to $4,358,000, reflecting the costs incurred to affect the MER Acquisition[36]

Core Viewpoint - SEI Investments Co. reported a mixed performance in Q4 2024, with earnings per share slightly missing estimates but showing significant year-over-year growth in both net income and total revenues [1][2][3]. Financial Performance - Q4 2024 earnings per share (EPS) was $1.19, missing the Zacks Consensus Estimate by a penny, but reflecting a 30.8% increase from the prior-year quarter [1]. - Net income for Q4 2024 was $155.8 million, up 29% from the previous year, surpassing the estimate of $151.3 million [2]. - Total revenues for Q4 2024 reached $557.2 million, a 14.9% increase year-over-year, exceeding the Zacks Consensus Estimate of $553.9 million [3]. - For the full year 2024, total revenues increased by 10.7% to $2.13 billion, also beating the Zacks Consensus Estimate of $2.12 billion [3]. Expenses and Operating Income - Total expenses in Q4 2024 were $411.6 million, up 7.4% year-over-year, slightly above the estimate of $404.8 million [4]. - Operating income increased by 43.1% year-over-year to $145.5 million, closely aligning with the estimate of $145.6 million [4]. Assets Under Management - As of December 31, 2024, assets under management (AUM) were $476.7 billion, reflecting a 10.4% increase from the prior year [5]. - Client assets under administration (AUA) reached $1.06 trillion, up 12% year-over-year, excluding $10.3 billion related to Funds of Funds assets [5]. Share Repurchase Activity - In the reported quarter, SEI Investments repurchased 3.1 million shares for $259.5 million at an average price of $83.43 per share [6]. Strategic Outlook - The company's global presence, diverse product offerings, solid balance sheet, strategic acquisitions, and robust AUM are expected to support revenue growth [7]. - Technological innovations are anticipated to enhance financial performance, although elevated expenses and reliance on fee-based revenues present challenges [7].

Solaris Energy Infrastructure, Inc. (SEI) shares soared 9.8% in the last trading session to close at $34.56. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.6% gain over the past four weeks.The bullishness can be attributed to Solaris Energy’s successful strategic acquisition of Mobile Energy Rentals, which enhanced its service offerings and growth potential, boosting investor confidence. Additionally, SEI raised $156 million t ...

TORONTO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI) (“Sintana” or the “Company”) announces today that it has filed stand-alone executive compensation disclosure for the fiscal year ended December 31, 2023 at the request of staff of the Ontario Securities Commission for the purpose of providing required disclosure that would otherwise be provided in a management information circular and/or annual information form containing the enclosed disclosure within six months of the Company's fi ...

TORONTO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the “Company”) provides the following update regarding the operations associated with the Kapana 1-X exploration well located on Block 2813B which is governed by Petroleum Exploration License 90 (“PEL 90”) and operated by Harmattan Energy Limited, an indirect subsidiary of Chevron Corporation (“Chevron”). Trago Energy (Pty) Ltd. (“Trago”), a wholly owned subsidiary of Custos Energy (Pty) Ltd. (“Custos”) i ...

Public Invited to Monitor Conference Call at 5 p.m. Eastern TimeOAKS, Pa., Jan. 13, 2025 /PRNewswire/ -- SEI® (NASDAQ: SEIC) intends to release earnings for the fourth quarter 2024 on Wednesday, Jan. 29, 2025 after the market closes. The company will hold a conference call to discuss these financial results beginning at 5 p.m. Eastern time.Analysts and investors are invited to join the call by completing the registration form. The public is invited to listen to the call and replay at ir.seic.com/events-pres ...