Quarterly ResultApr 27, 2026, 04:34 PM
SEI Q1 Revenue $196M; New 600MW Power Contract; Upsized Guidance
AI Summary
Solaris Energy Infrastructure, Inc. announced strong first quarter 2026 results, with revenue reaching $196 million and net income of $32 million. The company also signed a significant new 10-year contract to provide over 600 MW of power capacity to a global technology company and increased its second quarter 2026 Adjusted EBITDA guidance. Additionally, Solaris expanded its term loan by $200 million to a total of $500 million and declared its 31st consecutive quarterly dividend of $0.12 per share.
Key Highlights
- Signed new 10-year contract for over 600 MW power capacity with a global technology company.
- Q1 2026 Revenue of $196 million, up 9% sequentially.
- Q1 2026 Net income of $32 million ($0.32 per diluted share).
- Increased Q2 2026 Adjusted EBITDA guidance to $83-93 million (from $76-84 million).
- Upsized term loan by $200 million, providing a total $500 million commitment.
- Declared Q2 2026 dividend of $0.12 per share, marking Solaris' 31st consecutive dividend.
- Solaris Power Solutions Q1 revenue $129 million, up 24% sequentially.
- Solaris Logistics Solutions Q1 revenue $68 million, down 11% sequentially.