8-K
filed February 22, 2023, 6:59 PM ET
ticker SEI
CIK 0001697500
earnings
confidence high
sentiment negative
materiality 0.65
Solaris Oilfield Q4 net income $8.0M, revenue down 9% sequentially; cuts 2023 capex guidance to $65-75M
Solaris Energy Infrastructure, Inc.
- Net income $8.0M ($0.15/diluted share); adjusted pro forma net income $10.2M ($0.22/share).
- Revenue $84.1M, down 9% from Q3 on seasonal decline and weather delays.
- Adjusted EBITDA $23.0M, down 4% sequentially.
- 2023 capex guidance revised to $65-75M (from ~$75M), a 10-20% YoY reduction.
- Paid $0.105/share quarterly dividend (17th consecutive); $112M returned to shareholders since 2018.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Solaris Energy Infrastructure, Inc. reported quarter ended December 31, 2022 results: revenue $84.1 million.
- Period
- quarter ended December 31, 2022
- Revenue
- $84.1 million
- Result
- reported results
Exact text from the filing
Solaris reported net income of $8.0 million, or $0.15 per diluted Class A share, for fourth quarter 2022
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Solaris Energy Infrastructure, Inc. reported quarter ended December 31, 2022 results: revenue $84.1 million.
- Period
- quarter ended December 31, 2022
- Revenue
- $84.1 million
- Result
- reported results
Exact text from the filing
Revenues were $84.1 million for fourth quarter 2022
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Solaris Energy Infrastructure, Inc. updated its full year 2023 guidance (lowered).
- Period
- full year 2023
- Guidance
- lowered
- Result
- guidance update
Exact text from the filing
The Company is revising its capital expenditure guidance for full year 2023 to a range of $65 million to $75 million
View on SEC.gov
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