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Solaris Energy Infrastructure Announces Fourth Quarter and Full Year 2024 Results, New Power Solutions Equipment Orders and Long-term Contract, and Continued Shareholder Returns for First ...

Solaris Energy Infrastructure, Inc. Class A (SEI) 
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Solaris Energy Infrastructure, Inc. (NYSE:SEI) (“Solaris” or the “Company”), today announced significant continued momentum within its business, along with fourth quarter 2024 financial and operational results.Fourth Quarter 2024 Summary Results and Key Business UpdatesRevenue – Revenue of $96 million increased 28% sequentially from the third quarter 2024 due to a full quarter of contribution from Solaris Power Solutions following the closing of the acquisition of Mobile Energy Rentals LLC (“MER,” and such acquisition, the “MER Acquisition”) on September 11, 2024, as well as continued activity growth within Solaris Power Solutions.ProfitabilityNet income of $14 million and $0.19 per diluted Class A share; Adjusted pro forma net income(1) of $7 million and $0.12 per fully diluted shareTotal Adjusted EBITDA(1) of $37 millionCash Flow and Capital Expenditures – Net cash from operating activities was $13 million in the fourth quarter 2024, and capital expendi Show less Read more
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