Published on 27 Oct 2023 on GuruFocus.com via Yahoo Finance
Solaris Oilfield Infrastructure Inc (SOI) Announces Q3 2023 Results and Q4 Dividend
Solaris Oilfield Infrastructure Inc (NYSE:SOI) reported a net income of $7.6 million for Q3 2023, compared to $12.2 million in Q2 2023.SOI's Q3 2023 revenues were $69.7 million, down 10% sequentially and 25% year over year.The company announced a $0.12 per share dividend, marking the second increase in 2023.SOI generated positive free cash flow and reduced revolver borrowings in Q3 2023.
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