secwatch.observer — SEC 8-K summary
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Issuer:     Solaris Energy Infrastructure, Inc. (SEI)
CIK:        0001697500
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001697500-24-000037
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697500/000169750024000037/0001697500-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697500/000169750024000037/soi-20240808x8k.htm
  HTML page:      https://secwatch.observer/filing/0001697500-24-000037

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