Solaris Oilfield Infrastructure Reports Strong Q2 Performance
Friday, 9 August 2024, 05:35
Solaris Oilfield Infrastructure Q2 Financial Overview
Solaris Oilfield Infrastructure (SOI) announced its financial results for the second quarter with notable achievements.
Earnings Per Share Performance
- Non-GAAP EPS of $0.13 exceeded projections by $0.03.
Revenue Analysis
- Quarterly revenue totaled $74 million.
- This figure marks a 4.1% decline year-over-year.
- Nonetheless, it surpassed estimates by $8.35 million.
Adjusted EBITDA
The company reported an adjusted EBITDA of $21 million, showcasing its financial discipline.
Conclusion
Despite the slight revenue decline, the positive earnings report and adjusted EBITDA highlight Solaris's ability to navigate market challenges effectively.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.