Solaris Q3 net income falls to $7.6M, revenue down 25% YoY; dividend raised 9% to $0.12

Solaris Energy Infrastructure, Inc.

Revenue $69.7M (-10% seq, -25% YoY); net income $7.6M ($0.16 diluted EPS).
Adj. pro forma net income $8.5M ($0.19/share); Adj. EBITDA $23.4M.
Quarterly dividend raised 9% to $0.12/share; payable Dec 11, record Dec 1, 2023.
Free cash flow $6M after asset sales; reduced credit facility borrowings by $6M.
FY2023 capex guided to low end of $65M-$75M; top fill technology deployments increased.

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 September 30, 2023 results: revenue $69.7 million, net income $7.6 million, or $0.16 per diluted Class A share.

Period: the quarter ended September 30, 2023
Revenue: $69.7 million
Net income: $7.6 million, or $0.16 per diluted Class A share
Result: reported results

Exact text from the filing

--- Solaris Oilfield Infrastructure Announces Third Quarter 2023 Results and Fourth Quarter Dividend Third Quarter 2023 Summary Results and Highlights ● Revenue of $69.7 million ● Net income of $7.6 million, or $0.16 per diluted Class A share; Adjusted pro forma net income of $8.5 million, or $0.19 per fully diluted share, for the quarter ended

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Source: SEC EDGAR

accession 0001697500-23-000018

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