Solaris Energy Infrastructure Third Quarter 2024 Earnings: Misses Expectations

Solaris Energy Infrastructure (NYSE:SEI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$75.0m (up 7.7% from 3Q 2023).
• Net loss: US$1.20m (down by 125% from US$4.73m profit in 3Q 2023).
• US$0.042 loss per share (down from US$0.16 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Solaris Energy Infrastructure Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 71% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are up 6.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Solaris Energy Infrastructure (1 makes us a bit uncomfortable!) that you should be aware of.

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