Solaris Energy Infrastructure (SEI): High Demand for Mobile Natural gas Turbines Drives Growth!

Solaris Energy Infrastructure Inc. (SEI) published its report for the second quarter after market close on July 23. Accordingly, revenue increased sequentially by 18% compared to the first quarter to $149.3 million. This growth was largely driven by the expansion in the Solaris Power Solutions segment, which includes mobile, gas-powered turbines and related auxiliary equipment. Net profit reached $24 million, corresponding to an EPS of $0.30, while the adjusted pro forma net profit amounted to $25 million or an EPS of $0.34. Adjusted EBITDA rose...