Solaris Energy Infrastructure (SEI) Company Report

Solaris Energy Infrastructure (SEI) achieved record quarterly revenue of $167 million and adjusted EBITDA of $68 million in Q3 2025, with the power solutions segment contributing over 60% of revenue and more than three quarters of segment-level adjusted EBITDA.
The company significantly expanded its power solutions, operating approximately 760 MW during Q3 2025, up from 150 MW a year ago, and secured an additional 500 MW of generation capacity, projecting a total pro forma capacity of approximately 2,200 MW by early 2028.
In early October, SEI raised approximately $748 million through senior convertible notes due 2031 with a 0.25% coupon to repay its existing term loan and fund the new 500 MW order, expecting to save approximately $45 million in interest and amortization over the next four quarters.
SEI acquired HVMVLV to strengthen its power solutions offering and appointed Amanda Brock as Co-CEO.
The company provided Q4 2025 total adjusted EBITDA guidance of $65 million-$70 million and Q1 2026 guidance of $70 million-$75 million.

Nov 4, 2025, 2:00 PM

Transcript

Solaris Reports Record Q3 2025 Results, Boosts Capacity, and Secures New Financing

SEI

Earnings

Guidance Update

New Projects/Investments

Solaris achieved record levels of quarterly revenue and profit in Q3 2025, with consolidated revenue of $167 million and adjusted EBITDA of $68 million, representing a 12% sequential increase and more than three times year-over-year growth in adjusted EBITDA.
The company significantly increased its pro forma generation capacity to approximately 2,200 megawatts by early 2028, up from a prior plan of 1,700 megawatts, driven by new orders totaling 500 megawatts.
Solaris raised approximately $748 million in senior convertible notes in early October 2025, repaying its existing term loan and funding new generation orders, which is expected to save approximately $45 million in interest and amortization over the next four quarters. Additionally, the company acquired HVMV LV in Q3 2025, expanding its power solutions offering.
Solaris upgraded its Q4 2025 total adjusted EBITDA guidance to $65 million to $70 million and introduced Q1 2026 guidance of $70 million to $75 million.

Nov 4, 2025, 2:00 PM

Transcript

Solaris Energy Infrastructure Reports Record Q3 2025 Results, Expands Capacity, and Raises Capital

SEI

Earnings

Guidance Update

New Projects/Investments

Solaris Energy Infrastructure reported record quarterly revenue and profit in Q3 2025, with consolidated revenue of $167 million and Adjusted EBITDA of $68 million, marking a 12% sequential increase and more than three times year-over-year growth in Adjusted EBITDA.
The company expanded its operational capacity to approximately 760 megawatts in Q3 2025 and secured an additional 500 megawatts of generation capacity, projecting a pro forma total of 2,200 megawatts by early 2028.
Solaris raised approximately $748 million via senior convertible notes due 2031 to refinance debt and fund new orders, anticipating $45 million in interest and amortization savings over the next four quarters.
The company provided Q4 2025 total adjusted EBITDA guidance of $65-$70 million and Q1 2026 guidance of $70-$75 million.
Strategic developments include the acquisition of HVMVLV to enhance power solutions and the appointment of Amanda Brock as Co-CEO.

Nov 4, 2025, 2:00 PM

Transcript

Solaris (SEI) Reports Record Q3 2025 Revenue and Profit, Expands Capacity, and Raises Capital

SEI

Earnings

New Projects/Investments

Debt Issuance

Solaris (SEI) achieved record Q3 2025 results, with $167 million in revenue and $68 million in Adjusted EBITDA, representing a 12% increase from the prior quarter and more than three times the Adjusted EBITDA compared to the same quarter last year. The power solutions segment was a primary driver, contributing over 60% of revenue and over three-quarters of segment-level Adjusted EBITDA.
The company significantly expanded its generation capacity, securing an additional 500 megawatts (80 MW previously announced and an additional 400 MW order), bringing its pro forma expected generation capacity to approximately 2,200 megawatts by early 2028, an increase from the prior plan of 1,700 megawatts by the first half of 2027.
Solaris raised approximately $748 million in senior convertible notes due 2031 to repay its existing term loan and fund the new 500 MW order, which is expected to result in approximately $45 million in interest and amortization savings over the next four quarters.
Strategic developments in Q3 2025 included the acquisition of HVMVLV, a provider of specialty voltage distribution and regulation equipment, and the appointment of Amanda Brock as Co-CEO to accelerate growth.
For Q4 2025, Solaris provided total Adjusted EBITDA guidance of $65-$70 million, and for Q1 2026, the guidance is $70-$75 million.

Nov 4, 2025, 2:00 PM

Transcript

Solaris Energy Infrastructure Reports Q3 2025 Results and Provides Future Guidance

SEI

Earnings

Guidance Update

Debt Issuance

Solaris Energy Infrastructure reported Total Adjusted EBITDA of $68 million for Q3 2025.
The company provided guidance for Q4 2025 Total Adjusted EBITDA of $65-70 million and introduced Q1 2026 guidance of $70-75 million.
Consolidated Capital Expenditures were $63 million in Q3 2025, with forecasts of $405 million for Q4 2025 and $160 million for Q1 2026.
Total Consolidated Debt was $548 million as of September 30, 2025, which increased to $975 million pro forma for the October 2025 convertible issuance.
Solaris plans to grow its operated fleet to 2,200 MW by early 2028.

Nov 4, 2025, 2:00 PM

Presentation

Solaris Energy Infrastructure Announces Strong Q3 2025 Results and Raised Guidance

SEI

Earnings

Guidance Update

Debt Issuance

Solaris Energy Infrastructure reported Q3 2025 revenue of $167 million, a 12% sequential increase from Q2 2025, with net income of $25 million and $0.31 per diluted Class A common share.
The company's Total Adjusted EBITDA for Q3 2025 was $68 million, increasing 12% sequentially from Q2 2025, and it raised its Q4 2025 Total Adjusted EBITDA guidance to $65-70 million.
In October 2025, Solaris issued approximately $748 million of 0.25% senior convertible notes due 2031 to fund growth and repay debt, and closed the acquisition of HVMVLV in Q3 2025.
The Power Solutions segment's Q3 2025 revenue increased 39% sequentially to $105 million, with Segment Adjusted EBITDA rising 27% to $58 million.
The Board approved a Q4 2025 dividend of $0.12 per share and appointed Amanda Brock as Co-Chief Executive Officer and Director.

Nov 3, 2025, 9:15 PM

8-K

Solaris Energy Infrastructure Appoints Amanda Brock as Co-Chief Executive Officer and Board Member

SEI

CEO Change

Board Change

Executive Compensation

Solaris Energy Infrastructure, Inc. (SEI) has appointed Amanda Brock as Co-Chief Executive Officer, effective October 16, 2025, where she will serve alongside Bill Zartler.
Ms. Brock has also been appointed to the Company's Board of Directors as a Class I director, with her term expiring at the 2027 annual meeting of stockholders.
In connection with her appointment, SEI entered into an Indemnification Agreement with Ms. Brock and she is eligible for Tier 1 benefits under the Solaris Oilfield Infrastructure, Inc. Executive Change in Control Severance Plan.

Oct 17, 2025, 8:05 PM

8-K

Solaris Energy Infrastructure, Inc. Announces Issuance of Convertible Senior Notes

SEI

Debt Issuance

Convertible Preferred Issuance

Solaris Energy Infrastructure, Inc. is issuing $650,000,000 principal amount of 0.25% Convertible Senior Notes due 2031, with underwriters having an option to purchase an additional $97,500,000.
The Notes are convertible into cash, shares of the Company's Class A Common Stock, or a combination thereof, at the Company's election.
The issuance is governed by a Base Indenture dated May 2, 2025, and a Second Supplemental Indenture dated October 8, 2025.
This Notes Offering is occurring concurrently with an offering of the Company's Class A common stock and a Concurrent Delta Offering, neither of which involves a new issuance of Class A Common Stock.

Oct 8, 2025, 9:02 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Solaris Energy Infrastructure.

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