welcome Yvonne, everyone. you, and Thank
XX% million EBITDA During in quarter first last of which from generated quarter. $XX.X XXXX, was was up the million, second adjusted Solaris from of revenue, quarter $XX the which and up slightly
first fully second XXX despite as average which backdrop revenue, customers to the earning we was market was from systems and quarter, work added quarter. flat we quarter that utilized with the frac the on X% the first averaged both from During a relatively existing up new
several in large was last have incremental in asked primarily for rental. to increase of mile a second our site we systems, quarter, the provide us we During Historically, quarter. a the last but well solution grew proppant our mobile driver trucking the bundled rented mile have customers management with which services, a also revenue
system reliable delivered line software our allows customers. to of low offering us mile and last to the provide use extremely our Our cost to a Solaris solution
model our year, than to this industry offering half the may success growth growth of could less we represents in this of X% future that the its in reductions to expect Further offset Despite to contribute bundled back year. occur activity this new continue service fleet.
As development which systems zippers higher laterals, we to multi-well plans we more daily our on shared customers longer continue existing increased such operations last whose efficient shift see to for drives new call, sand continue penetration and with our completion toward as and consumption.
to continues to a with been systems back the concept view. combined provide in approximate lower will share discipline, one meet year Solaris Our us to capability in year. the efficiency expected the well half in the softness be telegraphed immune the This our back completion budget trend of third with active leads likely not And count to of position. budget operator This their market, activity that the industry. market half the by reliability very exhaustion has of the leading when as have of an needs. gains, fleet and With opportunity grow said frac to our the
a we’re month of that levels activity third seen have quarter, customers our Now some reduce into the modestly. we
to to continued we’ve the of that for. add work we list However, customers
of due total rentals the cost left solutions and rates we’ve value basis on system Our customer for in back other try that to they’ve the headline that innovation, past as cheaper to have customers years retention reliability the offers and continued touch a our often won high XX% Solaris discovered service. rates best advertise averaged our last of for us bulk couple have consistently that over the
the Through their for the customers. that also our operators, improving and pressure own customers companies have market. on customers these pumpers, equipment a sand as sand the and type. have attracted has direct own handling expansion adds most technological system customer logistics have Our our our tested solutions of companies found many of currently on our of equipment systems continued value the reliability an We their and these our value of result needs, innovation. consistently of most experiences, focus other which is Many
our These location. technology which innovations reduces delivery control of the operations include required the auto that hopper into on and streamlines blender, automates sand personnel
cleaner to more continue to on safer, We well sites and ways make focus efficient.
Solaris the are in Another electric fits fleet. trend offering is we frac the well that seeing with growth
were designed very contributes on with beginning. high redundancy from simplicity combined electric in performance to The systems and our of systems consistently sites. to the Solaris design our uptime be lack all hydraulics well
the with for diesel to an fleet, directly the electric system with fleet, generator. traditional When by working the is power to single diesel connect expense our integrated onsite our same powered electric frac used and frac we reducing When fuel run consumption pumps, a customers.
We of are working electric currently with frac the fleets. many
we’re push customers to to with excited continuing While on our envelope will efficiencies measured, and well growth for the be the partner and electric fleet savings site. likely
gains been companies. further our for pumpers, our new the to in and pressure as in also we which Turning initial field chemical dozen a different operators, two now, exposure quarters chemical nearly systems completions, efficiency roughly U.S. systems chemical see six to with system, driving gaining design has
frac and the completions push by flexibility. through of and are throughput our trials that systems want customers practices. completed on based We working equipment We completions. during to to achieve that initial for modifications currently increase limited designed initially efficiencies and higher of systems have learned our faster are capabilities, limits designs field are even our six our complete and We current that nearly system design, eight
improved system, help execution our we the of initial continue stage customers to upgrades reduce to making these believe our We completion drive which will are times. and process further in
provides for invest customers. growth resources our have to to to many system quality continue want of line, time it that this proper value-added We ensure high developing benefits we’re the customers. as highest our to expectations We the for and product
where collaborate with continuing to on and also are our in R&D work pipeline, customers leading continue and logistical thought operational completions activities. our address other to We develop to we and innovation challenges additional
can think on a invest we However, where we return earn will only we strong dollars investment.
I’d like second company’s flow. free cash to the Lastly, quarter highlight positive
generated $XX paid quarter during Solaris in and million the cash third second our quarterly over free dividend. consecutive flow
spending in expectations We down further the half which lowering the second spend Kyle to year, slow XXXX, rate our for capital of expect and will are outline. our
generating focused free customers We on be continue our positive to our value-added services flow to and providing products cash shareholders. for while
call Kyle. the turn now I’ll that, to over With
