Solaris Energy Infrastructure
Provides modular power infrastructure and wellsite material-management systems across U.S. data center and energy markets.
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Profile
Rents modular, behind-the-meter turbine power systems and supplies control, distribution and lifecycle services to U.S. data centers and energy customers, while also providing mobile material-handling equipment, software and last-mile logistics for well completions. Power has become the larger segment and is concentrated among a few long-term customers.
Provides modular, behind-the-meter power generation, control and distribution for data centers, energy producers and other U.S. industrial customers. Solaris Power Solutions rents configurable turbine fleets under multiyear contracts and has expanded into turnkey balance-of-plant, energy-management, installation, commissioning, maintenance and repair services.
Designs and manufactures mobile proppant- and chemical-management systems through Solaris Logistics Solutions. Field technicians, software and optional last-mile transportation help oil and gas customers move and track materials at U.S. well-completion sites.
Execution rests on rapidly deploying modular equipment and integrating generation with electrical infrastructure and field service. Power revenue is concentrated among a few large technology and energy customers and relies on key equipment suppliers; logistics demand follows U.S. oil and gas completion activity.
Company facts
Key statistics
Year to date −0.8% · Average volume (30d) 3.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Piper Sandler | Reiterate | Overweight | $72 | $82 | |
| Aug 10, 2026 | Barclays | Reiterate | Overweight | $86 | $90 | |
| Aug 7, 2026 | Stifel Nicolaus | Target | $93 | $98 | ||
| Aug 3, 2026 | Wells Fargo | Upgrade | Equal Weight | Overweight | $73 | |
| Jul 6, 2026 | Wolfe Research | Initiate | Outperform | $120 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.38 | $0.39 | +4.0% | $208.0M | $219.4M | +5.5% | +2.59% |
| Apr 27, 2026Q1 FY26 | $0.31 | $0.44 | +39.8% | $183.4M | $196.2M | +7.0% | +5.39% |
| Feb 24, 2026Q4 FY25 | $0.24 | $0.35 | +45.8% | $164.0M | $179.7M | +9.5% | +3.29% |
| Nov 3, 2025Q3 FY25 | $0.24 | $0.32 | +33.3% | $164.6M | $166.8M | +1.4% | −0.48% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $126.3M | $149.3M | $166.8M | $179.7M | $196.2M | $219.4M | |
| Gross profit | $38.6M | $51.7M | $55.7M | $55.2M | $72.7M | $126.3M | |
| Operating income | $22.1M | $37.1M | $37.9M | $39.8M | $50.6M | $56.5M | |
| Net income | $5.3M | $12.0M | $14.6M | −$1.7M | $21.4M | $20.5M | |
| Diluted EPS | $0.14 | $0.30 | $0.31 | −$0.04 | $0.32 | $0.26 | |
| Gross margin | 30.5% | 34.6% | 33.4% | 30.7% | 37.1% | 57.6% | |
| Operating margin | 17.5% | 24.8% | 22.7% | 22.2% | 25.8% | 25.8% |
Fiscal years (4-quarter sums)FY21 $159.2M · FY22 $320.0M · FY23 $292.9M · FY24 $313.1M · FY25 $622.2M
Balance sheet, Jun 30, 2026Cash & short-term investments $824.1M · Total debt $2.51B · Total assets $4.21B · Shareholders' equity $902.0M
Dividends
Raised for 6 straight years — most recently to $0.12 from $0.11 in Nov 2023. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 2, 2026 | Jun 2 | Jun 12 | $0.12 | |
| Mar 10, 2026 | Mar 10 | Mar 20 | $0.12 | |
| Dec 8, 2025 | Dec 8 | Dec 18 | $0.12 | |
| Sep 16, 2025 | Sep 16 | Sep 26 | $0.12 | |
| Jun 3, 2025 | Jun 3 | Jun 13 | $0.12 | |
| Mar 11, 2025 | Mar 11 | Mar 21 | $0.12 | |
| Dec 6, 2024 | Dec 6 | Dec 16 | $0.12 | |
| Aug 23, 2024 | Aug 23 | Sep 6 | $0.12 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 61.28M · Float 44.23M · 72.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| KTR Management Company, LLC | 8.11M | 21.10% | 13D | Sep 13, 2024 |
| BlackRock, Inc. | 5.20M | 8.49% | 13F | Aug 7, 2026 |
| W. Howard JR Keenan · director | 5.17M | 8.44% | Form 4 | Aug 25, 2026 |
| Encompass Capital Advisors LLC | 2.52M | 4.11% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 2.45M | 3.99% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 13, 2026 | Christopher P. Wirtz | officer: Chief Accounting Officer | −700 | $77.22 |
| May 12, 2026 | Laurie H. Argo | director | −5,200 | $72.88 |
| May 11, 2026 | Christopher M. Powell | officer: Chief Legal Officer | −36,852 | $74.63 |
| May 8, 2026 | Ray N. JR Walker | director | −56,841 | $72.11 |
| May 8, 2026 | Aj Teague | director | +6,175 | $72.98 |
Peers
- Atlas Energy Solutions
Rival in both proppant last-mile logistics and distributed natural-gas power.
- Liberty Energy
Frac-services firm with PropX last-mile proppant logistics and SaaS platform.
- Generac
Natural-gas distributed generator OEM targeting data centers and C&I markets.
- Smart Sand
Frac-sand producer with SmartSystems wellsite storage and last-mile logistics.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Solaris Energy Infrastructure | $49.94 | +0.12% | $3.06B | 58.6 | 58.4 | 4.0 | +46.9% |
| Atlas Energy Solutions | $12.85 | −0.04% | $1.61B | — | — | 1.5 | +1.6% |
| Liberty Energy | $19.12 | +0.47% | $3.10B | 25.6 | 289.3 | 0.7 | +14.0% |
| Generac | $185.00 | +0.65% | $10.82B | 42.4 | 18.2 | 2.4 | +10.6% |
| Smart Sand | $5.20 | −0.38% | $223.5M | 20.0 | — | 0.6 | +34.1% |
| Median | 25.6 | 153.8 | 1.1 | +12.3% |