Solaris Oilfield Q1 revenue $68M, adj EPS $0.16, declares $0.12 Q2 dividend

Solaris Energy Infrastructure, Inc.

Revenue $68M; net income $7M ($0.14/shr); adjusted pro forma net income $7M ($0.16/shr).
Adjusted EBITDA $23M; cash from ops $17M; free cash flow $14M.
Returned $13M in Q1 via $8M buybacks and $5M dividend; cumulative $172M returned since 2018.
Q2 2024 dividend approved at $0.12/share, payable June 17, 2024 to holders of record June 7, 2024.
FY2024 capex expected <$15M (75% YoY reduction); net debt $27M; liquidity $41M.

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 March 31, 2024 results: revenue $68 million, net income $7 million, or $0.14 per diluted Class A share; Adjusted pro forma net income of $7 million, or $0.16 per fully diluted.

Period: the quarter ended March 31, 2024
Revenue: $68 million
Net income: $7 million, or $0.14 per diluted Class A share; Adjusted pro forma net income of $7 million, or $0.16 per fully diluted
Result: reported results

Exact text from the filing

First Quarter 2024 Results and Continued Shareholder Returns for Second Quarter 2024 First Quarter 2024 Summary Results and Shareholder Return Highlights ● Revenue of $68 million ● Net income of $7 million, or $0.14 per diluted Class A share; Adjusted pro forma net income of $7 million, or $0.16 per fully diluted share ● Adjusted EBITDA of $23 million

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Solaris Energy Infrastructure, Inc. filing history →

Source: SEC EDGAR

accession 0001697500-24-000028

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