Solaris Oilfield Infrastructure (NYSE:SOI) First Quarter 2024 Results
Key Financial Results
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Revenue: US$67.9m (down 18% from 1Q 2023).
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Net income: US$4.04m (down 44% from 1Q 2023).
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Profit margin: 6.0% (down from 8.7% in 1Q 2023). The decrease in margin was driven by lower revenue.
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EPS: US$0.14 (down from US$0.23 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Solaris Oilfield Infrastructure Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) also surpassed analyst estimates by 27%.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Energy Services industry in the US.
Performance of the American Energy Services industry.
The company’s shares are up 12% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we’ve spotted with Solaris Oilfield Infrastructure.
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