Solaris Q2 revenue $74M (+9% QoQ); net income $10M ($0.20 EPS); acquires MER for $200M

Solaris Energy Infrastructure, Inc.

Revenue $74M, up 9% from Q1 2024 but down 4% YoY; adjusted EBITDA $21M (-8% QoQ, -22% YoY).
Adjusted pro forma net income $6M ($0.13 per fully diluted share) vs $7M ($0.16) in Q1.
Announced acquisition of Mobile Energy Rentals for $200M ($60M cash + ~16.5M SOI shares).
Q3 dividend $0.12/share declared, payable Sept 6, 2024 to holders of record Aug 23.
Fully utilized systems 92, down 10% QoQ; free cash flow $18M; net debt $11M.

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