Solaris Q3 net income $11.5M ($0.22/diluted); revenue $92.3M (+6% QoQ); EBITDA $23.9M (+14%)

Solaris Energy Infrastructure, Inc.

Net income of $11.5M ($0.22/diluted share); adjusted pro forma net income $11.1M ($0.24/fully diluted).
Revenue of $92.3M, up 6% QoQ, driven by higher system deployments and new technologies.
Adjusted EBITDA of $23.9M, up 14% QoQ; 94 mobile proppant systems fully utilized (+12% QoQ).
Paid $0.105/share quarterly dividend (16th consecutive); DCF of ~$22M covered $4.9M dividend.
Q4 2022 capex guidance $15-20M; initial 2023 capex ~$75M incl. $10-15M maintenance.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Solaris Energy Infrastructure, Inc. reported third quarter 2022 results: revenue $92.3 million, net income $11.5 million, EPS $0.22 per diluted Class A share. Guidance initiated.

Period: third quarter 2022
Revenue: $92.3 million
Net income: $11.5 million
EPS: $0.22 per diluted Class A share
Guidance: initiated
Result: reported results

Exact text from the filing

generally accepted accounting principles (“GAAP”) measure, and the computation of adjusted pro forma earnings per fully diluted share are provided below. Revenues were $92.3 million for third quarter 2022, which were up 6% from second quarter 2022, driven by an increase in systems deployed and contribution from new technologies, partially offset by a

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Solaris Energy Infrastructure, Inc. filing history →

Source: SEC EDGAR

accession 0001697500-22-000040

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