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Earnings Call Summary | Solaris Oilfield Infrastructure(SOI.US) Q2 2024 Earnings Conference

Futu News ·  Aug 10 16:57  · Conference Call

The following is a summary of the Solaris Oilfield Infrastructure, Inc. (SOI) Q2 2024 Earnings Call Transcript:

Financial Performance:

  • Solaris Oilfield Infrastructure reported Q2 2024 revenue of $74 million.

  • Adjusted EBITDA was $21 million and free cash flow reached $18 million, the highest in four years.

  • The company returned $5 million to shareholders through dividends and share repurchases.

Business Progress:

  • Announced the acquisition of Mobile Energy Rentals, expanding into mobile distributed power product lines.

  • Continued growth in core well site equipment rental business, along with expansion into the top fill loading system.

  • Plans to increase the fleet size of MER from 150 megawatts to approximately 500 megawatts by the next year.

Opportunities:

  • MER acquisition provides new growth avenues in mobile power generation across various markets.

  • Potential cross-selling opportunities with U.S. oil and gas operators and mid-stream companies.

Risks:

  • Anticipated stabilization in gas-exposed activity but no significant growth in the near term, as stated 'natural gas weakness appears to have bottomed.'

More details: Solaris Oilfield Infrastructure IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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