other material
confidence high
sentiment neutral
materiality 0.65
Solaris pro forma 2024: revenue $339M, EPS $0.22; diluted vs $0.50 standalone
Solaris Energy Infrastructure, Inc.
- Pro forma revenue $339.0M for 2024; Solaris standalone $313.1M, MER contributed $25.9M pre-acquisition.
- Pro forma net income attributable to common shareholders $6.2M vs Solaris standalone $14.8M; diluted EPS $0.21.
- Acquisition of MER closed Sept 11, 2024; consideration $136.7M cash plus 16.5M Solaris LLC units and Class B shares.
- Transaction funded via $162M term loan at assumed 10.8% rate; incremental interest expense $5.4M in pro forma.
- MER operating income $13.9M on $25.9M revenue for Jan 1–Sept 10, 2024 period.