and thank expanded was our Yvonne, rising presence with Solaris. and you joining you, and morning. in for patients. our customers XXXX invested demand, and Thank deployed systems this our grow another market addressable us for year meet strong everyone We to business existing to new
focus to on improving service continue We and and our quality innovation reliability.
couple and more XXXX today. in we the electric fill operating where top visible units the started growth new had in a with based Our from came XX field all our most than year systems of
and of not technology, possible our new made in both customers' technologies, by would strong up design are of AutoBlend we internal and people system our and investments without our we to growth our the improvement been demand. The capabilities, which ramped offering. of new deployment have continuous together fill supported based with manufacturing top enhancements match our and own system ongoing engineering This
to expenditures million the of helped XXXX adjusted a We $XXX drive invested to rate $XX and near a demand, exit which support strong in million. capital million $XX tripling fourth quarter approaching in EBITDA
to net the dividend end of We debt. and also no with year our pay continue
continued we be customers our pneumatic dump top overall by XXXX, belly innovating systems trucks. losing to In their compatible sand fill reliability efficiency with points to our the The improve enables help of for costs. our trucks offload lowering multiple option system and backup without Solaris
per increases allows Belly of dump turns and volume number truckload trucking truck. for per the increased sand
system not by can sources. its only in power but unique Our is redundancy, also multiple supported be electric
The faster result unloading higher our needed in ultimately to fewer supply a lower and and costs. and benefit payloads customers truck trucks drivers resulting sites from times, well is
use successfully our continue efficiencies. the to seeing further some We fill simpler believe jobs and we solutions complete customers push of envelope seeking to are also frac top our operators will in
sand For some efficiencies. operators of use additional the are to wet example, drive testing
portion live Earlier sand top of system the a with fill on modified year, our sand and job. system completed together first wet we this frac trial a
While to ready the we sand this play development. grown relative a is in past opportunities consumed, the small total has and of wet over today years are couple to role sand it
fill the history our of as improvements, proven With customers' is top being support it a of efforts solutions. efficiency rapid investing our adoption and rewarded in for in to demonstrated
like allowed than historically the to underrepresented U.S. top us grow basins our We the market believe fill our underlying grow Rockies. and Frac investment footprint faster
belly the established Lower sand provider XX. solutions for dump largest the belly years, the our early of dump XX own including have system Solaris our in XX, While many in storage been designs, compatible market as in new
we and list, customer already fill that adoption silo top the are visibility encouraged longer-term resulted including by in us our strong broadening pull-through has to work, The for sand continue.
customer and current XXXX of on working continue build units new using that has to units those backlog, we multiple today meet plans unit in demand. units. activity to several and to top Based a them with this fill on plan we're indicated has Every agreements for incremental
Beyond solution, our traditional of the offering hydrated of to we which our top system, delivery fill year advance past the is other problems this continue many AutoBlend, new today's electric eliminates blenders.
our to in for solution, lower safety blenders resulting a typically fill with designed caused electric. downtime increase pumping and smaller hours by requirements features an increase AutoBlend significant and top a is in footprint, maintenance our These is automation, reduction redundancy, customers. XXX% increased traditional Like contribute in
more require including traditional from offering, sand the the used and reduced systems AutoBlend remotely in top Van. fluid When Data about to XX%. dedicated can on-site with requirements operate, personnel Solaris systems, full While our one or solution, labor fill be by can blenders be run conjunction
crew availability continued labor the full wells frac our and the Given in equipment tightness for and offering costs operating in results believe customers. more ultimate in pumping lower per industry, translates to we our
continue all next fleets Even when further our small of overall percentage estimate truck years. the in equipment a as they make tied same a electric up fleets, savings is grow electric become the into activity to some which source Today, market. all power over possible are activity, quarter could few the electric of though truck
fourth top sand top frac are in services, we fill well approximately of AutoBlend one-third one solution last-mile many site. a fluid operated crews While fill silos, the our and/or currently or combination on silos, using operators quarter the supported either AutoBlend, of
with offer incremental services today, to existing these customers many we offerings customers. While efficiency believe standalone result could already more integration or benefits new individual work in
growing a see to offerings. expect Solaris number multiple with sites of well We
integrated Throughout view frame Additionally, single on crew frac technologies of relative investments a potential the to this made a see be today. we fully our about opportunity multiple we to the the those per basis Solaris new pack return of a opportunity six system return in spoke we how on XXXX, offerings.
two system, the times a pack. expect to investment on single return a per margin we the a fluid we last-mile system, believe fill, well deploy deploy for compared three sand site and every three top and six times two frac AutoBlend We contribution that crew to approximately to ore where services,
We're already seeing that the pull to profit to over as sites additions. and quarters, overall system benefits deployments deployments we over new would time, through technologies on see well coming our additional grow incremental these well expect to continued per ramp incorporate up we system new customer continue sand returns as as our
XXXX, creates will about we returns that investing our in capital As growth for think we our positive for business. plans continue
make top of in our also supply, system our XXXX. shareholders. incremental equipment the growth continues to The for of to We so up outstrip opportunities majority return investments demand see top fill our will fill to capital backlog our
trailer As build those demand on the to plans expect balance fleet, our we we be customer bottom with drop of and supply. nimble based
for to cash the plans benefit towards flow are capital so expect returns the Our half demand the first we year, of of we can and XXXX generate. weighted maximize the and meet
maximize We returns of also we're year. excess right will to shareholder shareholder will at Every focus we on course employee the find investors business and of and highly return. also share in into how the Solaris with investors balance cash total a the investment incentivized our our flow is own that we company, so to of over the XX%
to employees, we increased give XXXX Kyle detail much During back will into which XXXX, and how our we more on share also later.
our and strong our shareholder great alignment culture without not we Our Solaris work. to base results being a to a has focused believe team employee strong employees place having in with would possible combined a led entrepreneurial be
to Houston share the as to year This and supported, Chronicle. proud a by is testament an in build the where achievement for engaged I'm been we've goals. culture help with top Solaris our that to a people workplace excited team's to recognized you organizational dedication achieved second a our row, feel incredible
extremely of in to the XXXX, to strong Wrapping Solaris, at prospects look for executing we're growth up, on I and performance achieved proud that XXXX. would in our forward like say we
service quality Our us have always customers' increasing effective in evolving points. be cost pinch solutions and to pushed demands continued the innovation for solving proactive industry high
economic We our while our customers, offering also our to a to efficiency expect benefit superior and enhancing expanded returns. provide
coming in inflection investments and over the confident how cash we'll cash. our are excess conversion We flow meaningful the deploy remain a on this into strategic we of thoughtful quarters free
detailed to a will I it more review. guidance turn and that, With over financial Kyle for