Solaris Energy Infrastructure | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 219.4 M

Revenue: As of FY2026 Q2, the actual value is USD 219.4 M, beating the estimate of USD 207.13 M.

EPS: As of FY2026 Q2, the actual value is USD 0.26.

EBIT: As of FY2026 Q2, the actual value is USD 45.05 M.

Second Quarter 2026 Summary Results

• Net Income: Net income was $25,232 thousand for the three months ended June 30, 2026, up from $24,129 thousand in the prior year period.
• Net Income Attributable to Solaris Energy Infrastructure, Inc.: Net income attributable to Solaris Energy Infrastructure, Inc. was $20,486 thousand for the three months ended June 30, 2026, compared to $11,955 thousand for the three months ended June 30, 2025.
• Operating Income: Operating income for the three months ended June 30, 2026, was $56,513 thousand, compared to $35,569 thousand for the same period in 2025.
• Total Operating Costs and Expenses: Total operating costs and expenses were $162,887 thousand for the three months ended June 30, 2026, versus $113,759 thousand for the three months ended June 30, 2025.
• Adjusted EBITDA: Adjusted EBITDA for the three months ended June 30, 2026, was $108,279 thousand, up from $60,607 thousand in the prior year period, and increased 30% sequentially from the first quarter of 2026.
• Adjusted EBITDA Attributable to Solaris: Adjusted EBITDA attributable to Solaris was $110,813 thousand for the three months ended June 30, 2026.
• Adjusted Pro Forma Net Income: Adjusted pro forma net income was $36,546 thousand for the three months ended June 30, 2026, compared to $24,634 thousand for the same period in 2025.

Segment Performance (Three Months Ended June 30, 2026)

Solaris Power Solutions

• Revenue: Revenue was $158,342 thousand, up 23% from the first quarter of 2026.
• Activity: Averaged approximately 950 MW of capacity earning revenue, a 4% increase compared to approximately 910 MW in the first quarter of 2026.
• Segment Adjusted EBITDA: Segment Adjusted EBITDA was $96,432 thousand, a 34% increase from the first quarter of 2026, primarily due to increased ancillary service revenue.
• Capital Expenditures: Capital expenditures totaled $488,228 thousand.

Solaris Logistics Solutions

• Revenue: Revenue was $61,058 thousand, a 10% decrease from the first quarter of 2026 due to lower last-mile transportation activity.
• Segment Adjusted EBITDA: Segment Adjusted EBITDA was $24,752 thousand, a 7% increase from the first quarter of 2026, primarily due to increased system activity and a more favorable project mix.
• Capital Expenditures: Capital expenditures totaled $3,290 thousand.

Other Key Financial Metrics

• Cash and Cash Equivalents Attributable to Solaris: As of June 30, 2026, cash and cash equivalents attributable to Solaris was $888,485 thousand, significantly up from $339,416 thousand on December 31, 2025.
• Debt Attributable to Solaris: Debt attributable to Solaris was $2,323,935 thousand as of June 30, 2026, compared to $972,635 thousand on December 31, 2025.
• Liquidity: The company ended the quarter with approximately $1.4 billion in available liquidity.
• Dividends: The Board of Directors approved a third quarter 2026 dividend of $0.12 per share, payable on September 25, 2026, which will be the company’s 32nd consecutive dividend.
• Growth Financing: Solaris Energy Infrastructure, Inc. completed a $1.3 billion senior, unsecured notes offering and secured a new, undrawn $650 million credit facility.
• Corporate Credit Ratings: Corporate credit ratings assigned by S&P Global Ratings (BB-), Moody’s Ratings (Ba3), and Fitch Ratings (BB).

Operational Highlights

• Contract Expansion: Solaris Energy Infrastructure, Inc. expanded three long-term contracts, which are expected to add over $100 million of annual Adjusted EBITDA.
  • The Hatchbo Agreement tenor was extended to up to 18 years and its scope expanded to include a full turnkey ~660 MW power plant for AI workloads.
  • Another energy customer expanded its contracted microgrid capacity from 60 MW to approximately 80 MW and extended the contract tenor from 4 to 6 years.
• Acquisition: The company acquired Global Energy Services Alliance, Inc. (GESA), enhancing project execution capacity and adding aftermarket services.
• Strategic Investment: Solaris Energy Infrastructure, Inc. made an equity investment in Deployable Energy, a Small Modular Reactor (SMR) Nuclear Technology Company, providing early exposure to next-generation nuclear technology.

Outlook / Guidance

Solaris Energy Infrastructure, Inc. raised its third quarter 2026 Adjusted EBITDA guidance to $90-105 million from the previous $80-95 million. The company also established fourth quarter 2026 Adjusted EBITDA guidance at $100-120 million.