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

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

Solaris Oilfield Infrastructure Announces Second Quarter 2020 Results

July 30, 2020 4:05 PM EDT

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 Solaris) Adjusted EBITDA of $(0.4) million for the quarter ended June 30, 2020 Net cash provided by operating activities of $22.6 million for the quarter ended June 30, 2020 Positive free cash flow of $21.8 million for the quarter ended June 30, 2020 Paid a regular quarterly dividend of $0.105... More