Solaris Raises Adjusted EBITDA Outlook After Power Deal for About 900 MW

Solaris Energy Infrastructure, Inc. raised its adjusted EBITDA targets for the next two quarters after securing a 15-year power agreement for about 900 megawatts, lifting its long-term contracted capacity to 3.2 gigawatts.

For the fourth quarter of 2026, Solaris now expects adjusted EBITDA of $165 million to $185 million, up from its previous range of $145 million to $180 million. Its first-quarter 2027 forecast increased to $220 million to $260 million from $200 million to $240 million.

For the three months ended Sept. 30, Solaris recorded $341.1 million in revenue and $39.3 million in net income. Revenue was 55% higher than the June quarter’s $219.4 million. Diluted GAAP earnings were 42 cents per Class A share, compared with 26 cents in the prior quarter. Adjusted EBITDA reached about $136 million, up 26% sequentially.

The company signed the agreement Oct. 29 with an existing investment-grade industrial and technology customer it did not identify. The contract covers generation capacity, related equipment, and operations and maintenance services. It runs for 15 years and includes an option to extend for an additional 15 years. Deployment is expected to begin in the first half of 2027 and scale through 2028.

Solaris Power Solutions serves data center, energy, commercial and industrial customers with power generation and related services. Its Solaris Logistics Solutions business provides equipment and services for raw materials used in oil and gas well completions.

Chairman and co-CEO Bill Zartler and co-CEO Amanda Brock said jointly, “Our quarterly Adjusted EBITDA has more than doubled over the last year.”