Solaris Oilfield Infrastructure (SOI) Reports In-Line Q3 EPS, Revenues Beat

October 29, 2020 5:31 PM

Solaris Oilfield Infrastructure (NYSE: SOI) reported Q3 EPS of ($0.09), in-line with the analyst estimate of ($0.09). Revenue for the quarter came in at $20.53 million versus the consensus estimate of $13.82 million.

Third Quarter 2020 Highlights

“As our customers returned to a modest level of activity in the third quarter, the Solaris team was ready to help them get back to work and as a result, delivered another quarter of solid results and positive free cash flow,” Solaris’ Chairman and Chief Executive Officer Bill Zartler commented. “We are cautiously optimistic about further activity recovery in the coming year and remain committed to helping our customers operate more efficiently through well site innovation. We also remain committed to our shareholders by continuing to run as lean as possible, paying a dividend and maintaining our debt-free balance sheet.”

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

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