Solaris Oilfield Infrastructure Announces Second Quarter 2020 Results

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Go back to Solaris Oilfield Infrastructure Announces Second Quarter 2020 Results

Solaris Oilfield Infrastructure (SOI) Tops Q2 EPS by 2c, Revenues Miss

July 30, 2020 5:20 PM EDT

Solaris Oilfield Infrastructure (NYSE: SOI) reported Q2 EPS of ($0.16), $0.02 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $9.34 million versus the consensus estimate of $11.55 million.

Second Quarter 2020 Highlights

Net loss of $(5.5) million, or $(0.20) per diluted Class A share, for the quarter ended June 30, 2020; Adjusted pro forma net income of $(7.0) million, or $(0.16) per diluted share for the quarter ended June 30, 2020 (see below for a reconciliation of adjusted pro forma net income to net income attributable to... More