NYSE$SEI
Solaris Energy Infrastructure · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Announced agreement to acquire Mobile Energy Rentals and issued second quarter financial update.
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.
Headline financials
Revenue & EPS history
Solaris · Revenue · Quarterly
$73.9M
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.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+2.3%
Avg return
Earnings day
+5.2%
Avg return
5 days after
+4.1%
Avg return
30 days after
61%
20 / 33 earnings
Positive
+34.8%
Q2 2024
Best reaction
-19.8%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.7% | +6.3% | -2.4% | |
| Q4 2025 | +2.8% | -7.8% | +8.2% | |
| Q3 2025 | +0.5% | -6.0% | +2.2% | |
| Q2 2025 | +15.2% | +14.9% | -2.6% | |
| Q1 2025 | -0.6% | +15.1% | +28.0% | |
| Q4 2024 | +22.1% | +12.2% | -23.4% | |
| Q3 2024 | +8.3% | +32.7% | +87.1% | |
| Q2 2024 | +34.8% | +42.7% | +38.6% | |
| Q1 2024 | +0.5% | +3.1% | +1.6% | |
| Q4 2023 | +0.1% | -1.8% | -2.5% | |
| Q3 2023 | -3.3% | -7.1% | -15.1% | |
| Q2 2023 | -3.2% | +12.3% | +8.1% | |
| Q1 2023 | +2.3% | +5.1% | +12.0% | |
| Q3 2022 | -19.8% | -10.6% | -19.9% | |
| Q2 2022 | -3.6% | -1.4% | -3.5% | |
| Q1 2022 | +5.4% | +17.8% | +32.0% | |
| Q3 2021 | +4.5% | +10.3% | -14.6% | |
| Q2 2021 | -6.1% | -6.3% | -10.2% | |
| Q1 2021 | +6.3% | -1.6% | +0.5% | |
| Q3 2020 | +0.2% | +6.0% | +20.0% | |
| Q2 2020 | -4.8% | +1.4% | +5.0% | |
| Q1 2020 | -5.1% | -10.5% | +1.3% | |
| Q3 2019 | -4.8% | +1.4% | -6.3% | |
| Q2 2019 | +7.7% | +5.0% | +9.1% | |
| Q1 2019 | -5.6% | +0.8% | -20.6% | |
| Q2 2018 | +5.2% | +5.9% | +1.7% | |
| Q4 2018 | +5.2% | +5.9% | +1.7% | |
| Q3 2018 | +10.0% | +10.1% | -1.1% | |
| Q1 2018 | +0.1% | -9.5% | -18.6% | |
| Q2 2017 | -2.6% | +1.1% | -1.6% | |
| Q4 2017 | -2.6% | +1.1% | -1.6% | |
| Q3 2017 | -0.7% | +11.2% | +3.9% | |
| Q1 2017 | +4.2% | +12.8% | +17.5% |
Discussion
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