Solaris Energy Infrastructure, Inc. Q2 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

Solaris Oilfield Infrastructure Q2 2022 Earnings Summary

Key Context: Solaris reported strong sequential growth in Q2 2022 driven by new technology deployments (top fill, AutoBlend) and integrated last mile services. This expanded the addressable market per frac crew, with 2-3x higher contribution margins vs. traditional 6-pack sand systems. Comparisons below are primarily sequential (Q2 vs. Q1 2022) unless noted. The company maintained its dividend for the 15th consecutive quarter and returned over $100M total to shareholders historically.

Financial Highlights

  • Revenue: Nearly $87 million (significant QoQ increase driven by last mile logistics and new tech rentals/throughput model).
  • Adjusted EBITDA: Over $21 million.
  • Gross Profit Margin per Fully Utilized System: Up 18% sequentially, supported by last mile profitability, fixed cost absorption, and new tech contributions.
  • Operating Cash Flow: Approximately $16 million.
  • Free Cash Flow: Negative $4 million (after ~$21 million net CapEx; working capital build of $4 million for growth).
  • Shareholder Returns: $5 million in dividends (flat QoQ); strong liquidity at $65 million ($15M cash + $50M undrawn credit facility).

Operational Highlights

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Good morning, and welcome to the Solaris Second Quarter 2022 Earnings Conference Call. . I would now like to turn the conference over to Yvonne Fletcher, Senior Vice President, Finance and Investor Relations. Please go ahead. Yvonne Fletcher: Good morning, and welcome to the Solaris Second Quarter 2022 Earnings Conference Call. I'm joined today by our Chairman and CEO, Bill Zartler; and our President and CFO, Kyle Ramachandran. Before we begin, I'd like to remind you of our standard cautionary remarks regarding the forward-looking nature of some of the statements that we will make today. Such forward-looking statements may include comments regarding future financial results and reflect a number of known and unknown risks. Please refer to our press release issued yesterday, along with other recent public filings with the Securities and Exchange Commission that outline those risks. I would also like to point out that our earnings release and today's conference call will contain discussion of non-GAAP financial measures, which we believe can be useful in evaluating our performance. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with GAAP. Reconciliations to comparable GAAP measures are available in our earnings release, which is posted on our website at solarisoilfield.com under the News section. I'll now turn the call over to our Chairman and CEO, Bill Zartler. William Zart

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional