Solaris Q2: Revenue $77.2M (-11% YoY), net income $12.2M, Adj EBITDA $26.8M (+27% YoY)

Solaris Energy Infrastructure, Inc.

Net income $12.2M ($0.24/diluted share); Adj pro forma net income $11.3M ($0.25/fully diluted share).
Revenue $77.2M, down 7% sequential and 11% YoY; Adjusted EBITDA $26.8M, up 7% sequential and 27% YoY.
Repurchased 1.4M shares (3.0% of outstanding) for ~$11M in Q2; $24M remains under $50M authorization.
Paid $0.11/share quarterly dividend (19th consecutive); cumulative $148M returned to shareholders since 2018.
Full-year 2023 capex guidance maintained at $65-75M; Q3 capex expected ~$15M.

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 the quarter ended June 30, 2023 results: revenue $77.2 million, net income $12.2 million, EPS $0.25 per fully diluted share.

Period: the quarter ended June 30, 2023
Revenue: $77.2 million
Net income: $12.2 million
EPS: $0.25 per fully diluted share
Result: reported results

Exact text from the filing

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the “Company”), today announced second quarter 2023 results, with revenues of $77.2 million, net income of $12.2 million, adjusted pro forma net income of $11.3 million, or $0.25 per fully diluted share and Adjusted EBITDA of $26.8 million.

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Solaris Energy Infrastructure, Inc. filing history →

Source: SEC EDGAR

accession 0001697500-23-000011

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