| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 90.88 | 28.1% |
| Total Income | 90.88 | 28.1% |
| Expenditure | 145.68 | 39.7% |
| PBT | 47.28 | 180.1% |
| Net Profit | 21.44 | 303.0% |
| OPM | 55.64% | 38.18pp |
| NPM | 23.59% | 19.38pp |
| EPS | — |
Solaris Energy Infrastructure Reports Q1 2026 Results, Updates Guidance
28 Apr 2026 · 28 Apr, 2:05 am
Summary
Solaris Energy Infrastructure delivered strong first quarter 2026 results, with revenue reaching approximately $196 million, marking a 9% sequential increase from the previous quarter. Net income for the quarter stood at $32 million, or $0.32 per diluted share, while Adjusted EBITDA grew 22% sequentially to approximately $84 million. The company also raised its second quarter 2026 Adjusted EBITDA guidance to $83-93 million and announced the signing of a third long-term power contract for over 600 MW. Management expressed strong conviction in the company's positioning and the durability of demand, highlighting exceptional operational, commercial, and financial performance that exceeded expectations.
Key Highlights
- 1
Solaris Energy Infrastructure reported first quarter 2026 revenue of approximately $196 million, representing a 9% sequential increase from the fourth quarter of 2025.
- 2
Net income for the first quarter of 2026 was $32 million, or $0.32 per diluted Class A common share.
- 3
Adjusted EBITDA for Q1 2026 reached approximately $84 million, growing 22% sequentially compared to the prior quarter.
- 4
The company increased its second quarter 2026 Adjusted EBITDA guidance to a range of $83-93 million, up from the previous guidance of $76-84 million.
- 5
Solaris signed a third long-term power contract on April 24, 2026, to provide over 600 MW of power capacity to an affiliate of a global technology company for a 10-year term.
- 6
The company expanded its pro forma generation capacity to 3,100 MW by adding 900 MW of incremental power generation capacity.
Management Comments
Bill Zartler
Solaris is off to an exceptional start in 2026, with operational, commercial, and financial performance all exceeding expectations. Our team is executing consistently across current operations while advancing our long-term growth strategy and expanding our business base. The momentum we are seeing across our entire business reinforces our conviction in Solaris' positioning and the durability of the demand we are serving.
Amanda Brock
In addition to the Stateline joint venture, we have signed two long-term contracts with investment-grade global technology customers, totaling over two gigawatts of contracted generation capacity along with the associated balance of plant equipment. We also closed two strategic transactions that expand our generation fleet by more than 40% to 3,100 MW. Today, we are operating, constructing, and in the design and planning stages of behind-the-meter projects for three distinct hyperscalers across multiple data centers, which is continued validation of Solaris' strategy and leading project execution capabilities.
Informational and educational content only. Not investment advice.