earnings
confidence high
sentiment positive
materiality 0.75
Solaris Q2 net income $8.3M, revenue up 52% QoQ; raises growth capex guidance to $50-60M
Solaris Energy Infrastructure, Inc.
- Net income $8.3M ($0.16/diluted share); adj pro forma net income $9.4M ($0.20/share).
- Revenue $86.7M (+52% QoQ); Adj EBITDA $21.1M (+34% QoQ) on higher systems deployed and new technologies.
- Growth capex guidance narrowed to $50-60M from $40-60M; maintenance capex ~$10M for full year 2022.
- Paid $0.105/share dividend, 15th consecutive; returned >$100M to shareholders since 2018.
- Cash $15.4M, credit undrawn, liquidity $65.4M; distributable cash flow $20M covered dividend.