Solv Energy Q3 profit rises on higher revenue, lower interest costs
MWH•Solv Energy’s Q3 revenue rose 65% year over year to $1.24 billion, while net income was $123 million. The company raised its 2026 revenue guidance to $4.03 billion-$4.12 billion and adjusted EBITDA guidance to $525 million-$540 million.
1. Quarterly results
Solv Energy said Q3 revenue increased 65% year over year to $1.24 billion, driven by higher new construction activity and revenue from existing infrastructure. Net income was $123 million, reflecting higher operating income and lower interest expense after the company repaid term debt following its February 2026 IPO.
2. Raised guidance
The company raised its 2026 revenue outlook to $4.03 billion-$4.12 billion from $3.87 billion-$3.97 billion. It now expects adjusted EBITDA of $525 million-$540 million, compared with its previous forecast of $485 million-$505 million.
3. Other factors
Gross margin declined as the quarter did not include favorable project performance, contingency releases or a significant repair job recorded in 2025; the company also cited a change in expense classification. Solv Energy completed its acquisition of ASB Energy Services and expects continued demand and operational momentum to support growth into 2027.
