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

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

Solaris Oilfield Infrastructure Announces Third Quarter 2020 Results

October 29, 2020 4:33 PM EDT

Third Quarter 2020 Highlights

Net loss of $(3.3) million, or $(0.12) per diluted Class A share, for the quarter ended September 30, 2020; Adjusted pro forma net income of $(4.0) million, or $(0.09) per diluted share for the quarter ended September 30, 2020 (see below for a reconciliation of adjusted pro forma net income to net income attributable to Solaris) Adjusted EBITDA of $3.1 million for the quarter ended September 30, 2020 Net cash provided by operating activities of $3.7 million for the quarter ended September 30, 2020 Positive free cash flow of $2.3 million for the quarter ended September 30, 2020 Paid a regular quarterly dividend of $0.105 per... More