Solaris Energy Infrastructure Q4 Revenue Doubles to $622M, EBITDA Hits $244M
Solaris Energy Infrastructure’s full-year 2025 revenue nearly doubled to $622 million and Adjusted EBITDA more than doubled to $244 million, with its Power Solutions segment driving roughly 70% of earnings. The company is fully funded to support 2,200 MW of deliveries and holds long-term power agreements upsized to 500–900 MW.
1. Full-Year 2025 Financial Results
Solaris Energy Infrastructure posted 2025 revenue of $622 million, nearly double the prior year, and generated $244 million in Adjusted EBITDA, more than twice the previous year. Fourth-quarter consolidated revenue reached $180 million with Adjusted EBITDA of $69 million.
2. Power Solutions Segment Growth
The Power Solutions segment accounted for approximately 70% of total earnings in 2025 and generated $53 million of Adjusted EBITDA in Q4. Management expects segment Adjusted EBITDA to rise by over 20% in Q1 2026, driven by accelerating deployments and contract mix shifts.
3. Capacity Funding and Long-Term Contracts
The company is fully funded to deliver up to 2,200 MW of capacity through convertible issues and loan repayments, while pipeline demand likely exceeds available capacity through 2028. Key wins include a 15-year joint venture upsized to 500–900 MW and a separate 10-year, 500 MW power agreement beginning January 2027 with phased energization.
4. Strategic Acquisitions and Technology Investments
Solaris acquired a specialty voltage distribution provider and made a minority investment in selective catalytic reduction emissions technology. These moves bolster its behind-the-meter offerings, support rapid deployment timelines, and mitigate grid interconnection and permitting delays.