Solaris Energy Infrastructure Signs 600 MW Power Contract, Raises 2026 Guidance
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Key Takeaways
- Signed a 10-year contract for over 600 MW of power capacity with a global technology firm, with deployments starting in late 2026.
- Increased Q2 2026 Adjusted EBITDA guidance to $83-$93 million following a 22% sequential growth in Q1.
- Pro forma generation capacity expanded to 3,100 MW with recent power capacity additions totaling 900 MW.
- Board approved 31st consecutive dividend of $0.12 per share for Q2 2026.
- Term loan commitment expanded to $500 million.
Solaris Energy Infrastructure reported first-quarter 2026 revenue of approximately $196 million, a 9% increase from the previous quarter. Net income was $32 million, or $0.32 per diluted Class A common share. Adjusted pro forma net income was $39 million, or $0.44 per fully diluted share. Adjusted EBITDA attributable to Solaris was approximately $86 million, a 22% sequential increase.
The company's Power Solutions segment averaged approximately 910 MW of capacity earning revenue, up 17% from the prior quarter, with segment revenue of about $129 million, a 24% increase. Segment Adjusted EBITDA was approximately $72 million, up 34% sequentially. The Logistics Solutions segment operated 104 fully utilized systems, a 12% increase, with revenue of $68 million and segment Adjusted EBITDA of $23 million.
On April 24, 2026, Solaris signed a third long-term power contract to provide over 600 MW of power capacity, including balance of plant, to an affiliate of an investment-grade global technology company for 10 years, with an option to extend for five more years. Deployments are expected to begin in late 2026 and scale through 2028.
The company previously announced power capacity additions totaling 900 MW, bringing pro forma generation capacity to 3,100 MW. Solaris also expanded a term loan to a total commitment of $500 million.
