secwatch.observer — SEC 8-K summary
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Issuer:     Solaris Energy Infrastructure, Inc. (SEI)
CIK:        0001697500
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001697500-24-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Solaris Q4 revenue $63M (-25% YoY), EPS $0.14; maintains $0.12 dividend; 2024 capex <$15M
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- Revenue $63M (-9% QoQ, -25% YoY); diluted EPS $0.14; adjusted pro forma EPS $0.15.
- Adjusted EBITDA $21M (-7% YoY); followed avg 64 frac crews (-4% QoQ).
- Cash from ops $24M, free cash flow $16M; reduced net borrowings $7M, net debt $24M.
- Approved Q1 2024 dividend $0.12/share; repurchased 1.1M shares Jan-Feb for ~$8M.
- FY2024 capex guidance <$15M (>75% reduction from FY2023 $64M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697500/000169750024000020/0001697500-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697500/000169750024000020/soi-20240226x8k.htm
  HTML page:      https://secwatch.observer/filing/0001697500-24-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer