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Solaris Energy Infrastructure (SEI) investor relations material
Solaris Energy Infrastructure Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Nov, 2025
Executive summary
Q3 2025 revenue reached $167 million, up 122% year-over-year and 12% sequentially, driven by Power Solutions growth and the HVMVLV acquisition.
Adjusted EBITDA was $68 million, up 12% sequentially; annualized run rate based on Q3 is $272 million for net SEI and $700–750 million for consolidated SEI at full fleet deployment.
Net income attributable to shareholders was $25 million ($0.31 per diluted share) for Q3 2025, compared to a net loss of $1.2 million in Q3 2024.
Expanded leadership with appointment of a Co-CEO and completed the HVMVLV acquisition to enhance vertical integration and technology offering.
Major capital investments and new purchase commitments were made to expand power generation capacity to 2,200 MW by early 2028.
Financial highlights
Q3 2025 revenue: $167 million (Q3 2024: $75 million); adjusted EBITDA: $68 million; net income: $25 million; adjusted pro forma net income: $24 million.
Power Solutions contributed over 60% of revenue and more than 75% of segment-level adjusted EBITDA.
Operating cash flow for nine months: $113.2 million; capital expenditures for Q3 2025: $62.8 million.
Cash and equivalents at September 30, 2025: $86 million; debt attributable to Solaris: $497 million.
Dividend of $0.12 per share approved for Q4 2025, marking the 29th consecutive dividend.
Outlook and guidance
Q4 2025 adjusted EBITDA guidance raised to $65–$70 million, up from prior $58–$63 million.
Q1 2026 adjusted EBITDA guidance introduced at $70–$75 million.
Pro forma earnings could exceed $600 million with full 2,200 MW capacity and recent acquisition.
Most of the 2,200 MW power generation capacity is committed under multi-year contracts.
Effective tax rate on pro forma pre-tax income projected at 26% for Q4 2025 and Q1 2026.
Update on Power Solutions growth pipeline
Logistics Solutions segment outlook?
Stateline JV profitability timeline?
HVMVLV's role in multi-source power solutions
Mitigate extended power equipment lead times
Financial flexibility from new convertible notes
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Next Solaris Energy Infrastructure earnings date
Q4 202525 Feb, 2026
Next Solaris Energy Infrastructure earnings date
Q4 202525 Feb, 2026
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Frequently asked questions
Solaris Energy Infrastructure Inc. is an energy services company that designs and manufactures equipment for the oil and gas industry. The company provides mobile and automated proppant management systems, wellsite storage solutions, and logistics technology to support hydraulic fracturing operations. Solaris serves exploration and production companies as well as oilfield service providers across major U.S. shale basins. The company is headquartered in Houston, Texas, and its shares are listed on the NYSE.
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