Solaris Q1 net income $11.9M, Adj EBITDA $25.1M (+60% YoY), dividend raised 5%

Solaris Energy Infrastructure, Inc.

Net income $11.9M ($0.23/diluted share); adjusted pro forma $0.24/share.
Adjusted EBITDA $25.1M, up 9% sequential and 60% YoY.
Revenue $82.7M, up 45% YoY but down 2% sequentially.
Increased quarterly dividend 5% to $0.11/share; repurchased 1.6M shares for ~$14M.
FY2023 capex guidance maintained at $65-75M; credit facility expanded by $25M.

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 the quarter ended March 31, 2023 results: revenue $82.7 million, net income $11.9 million, EPS $0.23 per diluted Class A share. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $82.7 million
Net income: $11.9 million
EPS: $0.23 per diluted Class A share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the “Company”), today announced first quarter 2023 results, with revenues of $82.7 million, net income of $11.9 million, adjusted pro forma net income of $11.0 million, or $0.24 per fully diluted share and Adjusted EBITDA of $25.1 million.

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Solaris Energy Infrastructure, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-007518

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