The following is a summary of the Solaris Oilfield Infrastructure, Inc. (SOI) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Solaris Oilfield Infrastructure reported Q2 2024 revenue of $74 million.

• Adjusted EBITDA was $21 million and free cash flow reached $18 million, the highest in four years.

• The company returned $5 million to shareholders through dividends and share repurchases.

Business Progress:

• Announced the acquisition of Mobile Energy Rentals, expanding into mobile distributed power product lines.

• Continued growth in core well site equipment rental business, along with expansion into the top fill loading system.

• Plans to increase the fleet size of MER from 150 megawatts to approximately 500 megawatts by the next year.

Opportunities:

• MER acquisition provides new growth avenues in mobile power generation across various markets.

• Potential cross-selling opportunities with U.S. oil and gas operators and mid-stream companies.

Risks:

• Anticipated stabilization in gas-exposed activity but no significant growth in the near term, as stated 'natural gas weakness appears to have bottomed.'

More details: Solaris Oilfield Infrastructure IR

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