Solaris Energy Infrastructure Announces Third Quarter 2024 Results, New Power Solutions Contracts, and Continued Shareholder Returns for Fourth Quarter 2024
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 third quarter 2024 financial and operational results.Third Quarter 2024 Summary Results and Recent HighlightsRevenue of $75 millionNet loss of $2 million and ($0.04) per diluted Class A share; Adjusted pro forma net income(1) of $4 million and $0.08 per fully diluted shareAdjusted EBITDA(1) of $22 millionOn September 11, 2024, closed the acquisition of Mobile Energy Rentals LLC (“MER,” and such acquisition, the “MER Acquisition”), a premier provider of distributed power solutions; established new Solaris Power Solutions segmentClosed $325 million senior secured term loan to effectuate the MER Acquisition and to support continued growth capital investment into the Solaris Power Solutions fleetExecuted additional power service agreements with customers, totaling approximately 450 megawatts (“MW”) of generation capacity, or greater than 80% of expected 2025 ending ca
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SEI
Earnings
- 11/4/24 - Miss
SEI
Sec Filings
- 11/18/24 - Form S-3
- 11/18/24 - Form 8-K/A
- 11/14/24 - Form SC
- SEI's page on the SEC website