Solaris delivered a strong Q4 2025 with revenue of $180 million, up 8% sequentially, driven by the rebound in Logistics Solutions and steady performance in Power Solutions. While the company reported a GAAP net loss due to a one-time loss on debt extinguishment, adjusted pro forma net income reached $30 million. The company also secured a major 500 MW power agreement with a leading hyperscaler.
Solaris Energy Infrastructure reported revenue of $75 million for Q3 2024, an 8% increase compared to Q3 2023. The company's net loss was $2 million, or ($0.04) per diluted Class A share. Adjusted pro forma net income was $4 million, or $0.08 per fully diluted share.
Solaris announced an agreement to acquire Mobile Energy Rentals for $200 million, including cash and stock. Preliminary Q2 2024 revenue is expected to be between $70 million and $75 million and Adjusted EBITDA between $20 million and $21 million. The company repaid $14 million of debt during the quarter, ending with $11 million of net debt.