secwatch.observer — SEC 8-K summary
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Issuer:     Solaris Energy Infrastructure, Inc. (SEI)
CIK:        0001697500
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001697500-24-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Solaris Q3 revenue $75M, net loss $2M; closes MER acquisition, signs 450 MW power contracts
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- Acquired Mobile Energy Rentals on Sept 11, 2024; $325M term loan closed to fund acquisition and growth capex.
- Power Solutions segment revenue $5M and Adj EBITDA $3M in first 20 days; 450 MW of new power service contracts signed.
- Logistics Solutions: revenue $70M, Segment Adj EBITDA $24M, 91 fully utilized systems.
- Q4 dividend of $0.12/share approved, payable Dec 16, record Dec 6; $15M share repurchase authorization remains.
- Net cash from ops $11M; capex $58M for power equipment; cash $117M, borrowings $325M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697500/000169750024000048/0001697500-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697500/000169750024000048/sei-20241104x8k.htm
  HTML page:      https://secwatch.observer/filing/0001697500-24-000048

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