Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Q4 2022 Earnings Conference Call February 23, 2023 9:00 AM ET

Company Participants

Yvonne Fletcher - SVP, Finance & IR

William Zartler - Founder, Chairman & CEO

Kyle Ramachandran - CFO & President

Conference Call Participants

Stephen Gengaro - Stifel

Operator

Good morning, afternoon, evening, and welcome to the Solaris Q4 2022 Earnings Teleconference and Webcast Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. Please note this event is being recorded.

I would now like to turn the conference over to Yvonne Fletcher, Senior Vice President, Finance and Investor Relations. Please go ahead.

Yvonne Fletcher

Good morning and welcome to the Solaris fourth quarter and full year 2022 earnings conference call. I'm joined today by our Chairman and CEO, William Zartler; and our President and CFO, Kyle Ramachandran.

Before we begin, I'd like to remind you of our standard cautionary remarks regarding the forward-looking nature of some of the statements that we will make today. Such forward-looking statements may include comments regarding future financial results and reflect a number of known and unknown risks. Please refer to our press release issued yesterday, along with other recent public filings with the Securities and Exchange Commission that outline those risks.

I would also like to point out that our earnings release and today's conference call will contain discussion of non-GAAP financial measures, which we believe can be useful in evaluating our performance.

The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with GAAP. Reconciliations to comparable GAAP measures are available in our earnings release, which is posted on our website at solarisoilfield.com under the news section.

I'll now turn the call over to our Chairman and CEO, William Zartler.

William Zartler

Thank you, Yvonne, and thank you everyone for joining us this morning. 2022 was another strong year for Solaris. We deployed systems to meet rising demand, invested in our business to grow our addressable market and expanded our presence with new and existing customers and patients.

We continue to focus on innovation and improving our service quality and reliability. Our most visible growth in 2022 came from our all new electric top fill based systems where we started the year with a couple of units and had more than 30 operating in the field today.

This growth would not have been possible without the investments we made in new technology, people and continuous improvement of our offering. The design and deployment of both of our new technologies, AutoBlend and our top fill based system together with ongoing system enhancements are supported by our own internal engineering and manufacturing capabilities, which we ramped up to match our customers' strong demand.