Solaris Oilfield Infrastructure ( (SEI) ) has released its Q4 earnings. Here is a breakdown of the information Solaris Oilfield Infrastructure presented to its investors.
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Solaris Energy Infrastructure, Inc., headquartered in Houston, Texas, provides mobile and scalable equipment-based solutions for distributed power generation and raw materials management for oil and natural gas wells across multiple U.S. markets. In its latest earnings report, Solaris announced a strong performance for the fourth quarter of 2024, driven by significant growth in its recently acquired Solaris Power Solutions segment. The company reported a sequential revenue increase of 28% to $96 million, largely fueled by the acquisition of Mobile Energy Rentals LLC and enhanced contributions from its power solutions segment. The company also highlighted strategic developments such as securing 700 megawatts of new gas-powered turbines and a long-term contract to support a new data center. Solaris’s net income for the fourth quarter was $14 million, translating to $0.19 per diluted Class A share, while total adjusted EBITDA reached $37 million. The company maintained a robust cash flow, despite high capital expenditures of $127 million primarily for power equipment investments. Looking ahead, Solaris projects substantial growth in its power solutions capacity and anticipates a rise in adjusted EBITDA in the first half of 2025. The company remains committed to shareholder returns, having approved a dividend for the first quarter of 2025 and continued share repurchases. Solaris’s management is optimistic about the future, underpinned by a strong start to 2025 and a focus on expanding its power solutions offerings to capture growing market demand.
