Solaris Energy Infrastructure Announces Third Quarter 2026 Results, Additional Power Contracts and Increased Guidance
Q3 revenue $341M (+55% q/q), EPS $0.42; Q4 Adj. EBITDA guide raised to $165-185M, new 900 MW 15-year power contract.
What this release says
Solaris reported third quarter 2026 revenue of about $341 million, up 55% from the second quarter, and net income of $39 million, or $0.42 per diluted Class A share. The company signed a new 15-year contract for about 900 MW of power generation, with deployments expected to begin in the first half of 2027. It also raised its fourth quarter 2026 and first quarter 2027 Adjusted EBITDA guidance and declared a $0.12 quarterly dividend.
Key figures
- Q3 2026 revenue
- approximately $341 million
- Q3 2026 net income
- $39 million
- Diluted EPS (Class A)
- $0.42 per share
- Adjusted EBITDA
- approximately $136 million
- New power contract
- approximately 900 MW
- Quarterly dividend
- $0.12 per share
Positive for shareholders
- Revenue and net income both rose sharply from the second quarter.
- Adjusted EBITDA guidance was raised for both fourth quarter 2026 and first quarter 2027.
- Total capacity under long-term contracts reached 3.2 GW, with a third investment-grade contract signed this year.
- The company has $850 million of revolving credit capacity, currently undrawn.
Negative for shareholders
- The $1.25 billion senior unsecured notes add to the company's debt load.
- Much of the new contract capacity is not expected to start until 2027 and scale through 2028.
- Net income attributable to Solaris is lower than headline figures because of the non-controlling interest in Stateline Power.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- Adjusted EBITDA:
- Earnings before interest, taxes, depreciation and amortization, adjusted for stock-based compensation and certain one-time or non-cash items, used by the company as a performance gauge.
- Non-controlling interest:
- The share of a subsidiary's profits that belongs to outside owners rather than to the parent company.
- Senior unsecured notes:
- Bonds that rank ahead of other debt for repayment but are not backed by specific company assets as collateral.
- OEM queues:
- Waiting lists at original equipment manufacturers, which can delay delivery of new generation equipment.
FAQ
How large is the new Solaris power contract?
The new 15-year agreement covers approximately 900 MW of power generation, with an option to extend for another 15 years. Deployments are expected to begin in the first half of 2027.
Did Solaris change its guidance?
Yes, the company raised fourth quarter 2026 Adjusted EBITDA guidance to $165-185 million from $145-180 million, and first quarter 2027 guidance to $220-260 million from $200-240 million.
What dividend did Solaris declare?
The board approved a fourth quarter 2026 dividend of $0.12 per share, payable on December 18, 2026, to holders of record as of December 8, 2026.
Historical context for SEI
Across the 22 sessions after earlier SEI headlines, the stock closed higher 17 times and lower 5 times, with a median move of 3.3% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | SEI | SPY |
|---|---|---|---|
| Oct 13, 2026 | Solaris Energy Infrastructure Schedules Third Quarter 2026 Results Conference Call | -1.8% | -0.0% |
| Sep 23, 2026 | Solaris Energy Infrastructure Announces Pricing of Upsized Offering of $1.25 Billion of 7.000% Senior Notes due 2032 | +2.7% | -0.7% |
| Sep 22, 2026 | Solaris Energy Infrastructure Announces Offering of $1.0 Billion of Senior Notes due 2032 | -5.0% | -0.0% |
| Sep 8, 2026 | Solaris Energy Infrastructure Raises 2026 and Initiates First Quarter 2027 Guidance | +16.3% | -0.5% |
| Sep 2, 2026 | Solaris Energy Infrastructure Acquires Omega, Adding Specialized EPC Capabilities to Its Power Infrastructure Offering | +6.3% | +0.4% |
| Aug 10, 2026 | Deployable Energy Welcomes Strategic Investment and Commercialization Collaboration with Solaris Energy Infrastructure | +1.1% | -0.0% |
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Oil and Gas Field Machinery
- Listed since
- 2017
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