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Jun 30, 2024
Solaris Q2 2024 Earnings Report
Estimated Revenue:$NaN
Estimated EPS:$NaN
Key Takeaways
Solaris announced an agreement to acquire Mobile Energy Rentals for $200 million, including cash and stock. Preliminary Q2 2024 revenue is expected to be between $70 million and $75 million and Adjusted EBITDA between $20 million and $21 million. The company repaid $14 million of debt during the quarter, ending with $11 million of net debt.
Entered into an agreement to acquire Mobile Energy Rentals (MER) for $200 million, diversifying into distributed power solutions.
MER's third quarter 2024 Adjusted EBITDA is forecasted to be approximately $12 million - $13 million.
Preliminary Q2 2024 revenue expected to be between $70 million and $75 million.
Preliminary Q2 2024 Adjusted EBITDA expected to be between $20 million and $21 million.
Solaris
Solaris
Forward Guidance
Solaris expects to close the MER transaction by the end of the third quarter of 2024 and intends to rename the company to Solaris Energy Infrastructure, Inc.
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Key Statistics
Market Cap
$1.41B
P/E Ratio
52.15
Sector
Technology Services
Industry
Information Technology Services
52-Week High
$35.7
52-Week Low
$11.4
Net Debt
$11M