Solaris Energy Infrastructure, Inc. Announces Strong Q4 and Full Year 2025 Results; Raises Guidance and Reports Contracting Progress

Houston, Texas, February 24, 2026 – Solaris Energy Infrastructure, Inc. (NYSE: [Symbol not specified]) has released its fourth quarter and full year 2025 financial results, providing a comprehensive update that includes increased guidance, significant revenue growth, power contracting progress, and continued returns to shareholders.

Key Financial Highlights

• Q4 2025 Revenue: \$180 million, up 8% sequentially from Q3 2025.
• Full Year Revenue: 99% growth compared to 2024.
• Q4 Net Loss: \$4 million, or \$(0.04) per diluted Class A common share.
• Adjusted Pro Forma Net Income: \$30 million for Q4, \$0.35 per fully diluted share.
• Adjusted EBITDA: \$68.8 million for Q4 2025 (up 137% year-over-year), \$353.3 million for the full year.
• Net Income Growth: 102% year-over-year; adjusted pro forma net income up 278% and 150% per fully diluted share.

Updated Guidance and Forward-Looking Statements

• Q1 2026 Adjusted EBITDA Guidance: Raised to \$72–77 million (previously \$70–75 million).
• Q2 2026 Guidance: Established for the first time, although specific numbers are not detailed in the excerpt.
• Shareholder Returns: Continued emphasis on capital returns and shareholder value.
• Power Contracting Progress: Advancement in long-term contracts for the power solutions segment, potentially supporting forward revenue and profit growth.

The company also posted an updated investor presentation on its website, containing further details on activity and financial guidance, including expected capital expenditures.

Segment Performance and Business Strategy

• Solaris Power Solutions Segment: Delivers power generation and distribution solutions, showing robust growth and success in Stateline and associated transactions.
• Reporting Segments: The company reports two distinct segments, aligning with how chief operating decision makers assess performance and allocate resources.
• Adjusted EBITDA Metric: Used as the primary segment performance metric, defined as net income plus depreciation, amortization, interest expense, income tax expense, stock-based compensation, and certain non-cash or extraordinary items.

Capital Expenditures and Balance Sheet

• Total Capital Expenditures: For Q4, \$1.9 million; Full year, \$7.4 million.
• Corporate and Other Capex: Modest compared to the main business segments.
• Cash and Debt: Cash balance at year-end was \$353.3 million; consolidated debt and convertible notes totaled \$315.7 million.

Non-GAAP Measures and Reconciliations

Solaris Energy Infrastructure, Inc. emphasizes non-GAAP measures such as EBITDA, Adjusted EBITDA, and Adjusted Pro Forma Net Income. Management believes these reflect the core operating results and facilitate comparisons across periods. Reconciliation to GAAP is provided in the financial tables.

Forward-Looking Risks and Disclosures

• Forward-Looking Statements: The company cautions that results may vary due to risks such as tariffs, trade barriers, regulatory changes, volatility in global markets, and execution of long-term contracts.
• Risks Discussed: Referenced in annual and quarterly SEC filings, including risk factors—investors should monitor these as any change could materially impact the company’s value.
• Power Fleet Growth: Anticipated further expansion, with sources of financing noted as a key area of focus.
• Contracting Progress: Any setbacks or successes in securing long-term power contracts could significantly impact future profitability and share value.

Shareholder and Investor Considerations

• Emerging Growth Company Status: Solaris is not classified as an emerging growth company, and has not elected for extended transition periods for new accounting standards.
• Earnings Call Replay: Available for seven days post-call, with access codes provided for both US and international investors.
• Contacts: Senior Vice President of Finance and Investor Relations, Yvonne Fletcher, is listed for investor inquiries.

Potential Price Sensitive Items

• Raised Guidance: The increase in Adjusted EBITDA guidance for Q1 2026 is a potentially price-sensitive item, indicating management confidence in continued growth.
• Revenue and Adjusted EBITDA Growth: Exceptional year-over-year increases, especially in Adjusted EBITDA, may positively affect share value if sustained.
• Power Contracting Progress: Continued success here is critical for future revenue streams and could be a positive catalyst.
• Shareholder Returns: Continued focus on capital returns may be perceived positively by investors.
• Capital Structure: Strong cash position and manageable debt could support future expansion and shareholder distributions.

Summary

Solaris Energy Infrastructure, Inc.’s Q4 and full year 2025 results reflect strong operational performance, significant growth in revenue and profitability, and increased management confidence as evidenced by raised guidance. The company’s progress in power contracting, prudent capital expenditures, and steady shareholder returns are all positive signals for investors. Risks remain, particularly around regulatory changes, market volatility, and contract execution, but the company’s financial position appears robust.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review the company’s official filings and consult their financial advisors before making investment decisions. Forward-looking statements are based on current expectations and are subject to change. Actual results may differ materially from those projected.