Solaris Oilfield Infrastructure (SOI) Misses Q1 EPS by 1c, Revenues Beat

Solaris Oilfield Infrastructure (NYSE: SOI) reported Q1 EPS of ($0.04), $0.01 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $28.67 million versus the consensus estimate of $27.59 million.

“The Solaris team executed strongly and safely as activity continued to recover during the first quarter,” Solaris’ Chairman and Chief Executive Officer Bill Zartler commented. “We are excited about the interest level in our recently announced new technology developments and look forward to sharing additional technology introductions as the year unfolds. As always, we are committed to preserving our balance sheet strength and maximizing both cash flow and returns on capital as we continue to help our customers drive efficiencies through new technology.”

For earnings history and earnings-related data on Solaris Oilfield Infrastructure (SOI) click here.

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