Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Q2 2023 Earnings Call Transcript

So — and we have not had significant supply chain. We’ve been able to be ahead of that for the most part for our plan for this year. With respect to the market, it feels like it’s flat to drifting down a bit in the third quarter. I think the momentum is — I think the nuance around as things pick up in September or is it in October, November, December, it’s hard to say from this point. There does feel like there’s additional talk on momentum to pick things back up as the year progresses. Where that falls over the course of the next three or four months is very hard to predict.

Yvonne Fletcher: Yes. A different way of saying that, Sean, is that once we get through these upgrades and improvements in some of the early bucket elevators that if we — but our system count would have been higher if we were able to put those out in the field because the backlog is — for demand is definitely there. So that is an opportunity for us in the back half of the year.

Operator: We have reached the end of the question-and-answer session. I would like now to turn the call back over to Mr. Bill Zartler for any closing remarks.

William Zartler: Thank you, Alan. I’d like to conclude our call by thanking all of our employees, customers and suppliers for their continued support in Solaris. Our team has done a tremendous job in helping our customers realize the benefits of safer, lower cost and automated solutions we provide. And I’m impressed with how our internal manufacturing and operations group have been able to keep up with the incremental new technology deployment to support this backlog of demand. We remain constructive on the long-term commodity outlook and are confident that we’ll continue to deliver on our earnings and cash flow growth and our cash return strategy. Thank you all. Stay safe.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.