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Investing.com -- Solaris Energy Infrastructure, Inc. (NYSE:SEI) reported third quarter 2025 revenue that significantly exceeded analyst expectations, driving shares up 5.8% in after-hours trading on Monday.
The power solutions provider posted revenue of $167 million for the quarter, substantially beating the consensus estimate of $140.48 million and representing a 12% sequential increase from the second quarter. The company reported adjusted earnings per share of $0.32, slightly below analyst expectations of $0.33. The revenue growth was primarily driven by increased activity within the Solaris Power Solutions segment.
"Solaris continues to demonstrate significant growth and execution in our Power Solutions segment as well as strong execution and free cash generation in our Logistics Solutions segment," said Bill Zartler, Solaris’ Chairman and Co-Chief Executive Officer.
The company raised its fourth quarter 2025 Total Adjusted EBITDA guidance to $65-70 million from previous guidance of $58-63 million, and established first quarter 2026 Total Adjusted EBITDA guidance at $70-75 million. Third quarter Adjusted EBITDA reached $68 million, a 12% sequential increase.
Solaris Power Solutions segment averaged approximately 760 MW of capacity earning revenue during the quarter, up from approximately 600 MW in the second quarter. This segment generated revenue of $105 million, a 39% sequential increase, and Segment Adjusted EBITDA of $58 million.
The company also announced it had ordered approximately 500 MW of additional generation capacity, with expectations to reach approximately 2,200 MW of consolidated pro forma generation capacity by early 2028.
In October, Solaris issued approximately $748 million of 0.25% senior convertible notes due 2031 to fund growth initiatives. The company’s board approved a fourth quarter dividend of $0.12 per share, payable on December 18, 2025.
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