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Solaris Energy Infrastructure, Inc. provides modular and scalable equipment-based solutions for power generation, control and distribution, and management of raw materials used in the completion of oil and natural gas wells in the United States. It operates in Solaris Power Solutions and Solaris Logistics Solutions segments. The Solaris Power Solutions segment delivers power generation, control, and distribution solutions; and offers support to data center, energy, and other commercial and industrial sector. The Solaris Logistics Solutions segment designs and manufactures specialized equipment; and offers field technician support, last mile, and mobilization logistics services, as well as provides software solutions. The company was formerly known as Solaris Oilfield Infrastructure, Inc. and changed its name to Solaris Energy Infrastructure, Inc. in September 2024. Solaris Energy Infrastructure, Inc. was founded in 2014 and is headquartered in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $622M | $185M | $30M | $-438M | 5.3% | 98.7% | 90.8% |
| 2024 | $313M | $97M | $16M | $-129M | 4.4% | 6.9% | -35.0% |
| 2023 | $293M | $86M | $24M | $25M | 11.8% | -8.5% | 15.0% |
| 2022 | $320M | $72M | $21M | $-13M | 9.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 320 | 292.95 | 313.09 | 622.21 |
| Operating Revenue | - | 320 | 292.95 | 313.09 | 622.21 |
| Cost Of Revenue | - | 250.21 | 214.03 | 232.14 | 421.08 |
| Gross Profit | - | 69.80 | 78.92 | 80.95 | 201.13 |
| Operating Expense | - | 27.99 | 27.59 | 35.60 | 65.74 |
| Selling General And Administration | - | 23.07 | 26.95 | 35.62 | 61.66 |
| Total Expenses | - | 278.20 | 241.62 | 267.74 | 486.82 |
| Operating Income | - | 41.80 | 51.32 | 45.36 | 135.39 |
| Total Operating Income As Reported | - | 41.80 | 49.90 | 52.82 | 135.39 |
| EBITDA | - | 72.24 | 86.23 | 97.41 | 184.95 |
| Normalized EBITDA | - | 72.24 | 87.65 | 94.04 | 226.40 |
| EBIT | - | 41.80 | 50.05 | 50.20 | 100.67 |
| Interest Income | - | - | 0.14 | 1.46 | 6.73 |
| Interest Expense | - | 0.49 | 3.45 | 13.27 | 27.59 |
| Net Interest Income | - | -0.49 | -3.31 | -11.81 | -20.86 |
| Other Income Expense | - | - | -1.42 | 3.38 | -41.45 |
| Interest Income Non Operating | - | - | 0.14 | 1.46 | 6.73 |
| Interest Expense Non Operating | - | 0.49 | 3.45 | 13.27 | 27.59 |
| Net Non Operating Interest Income Expense | - | -0.49 | -3.31 | -11.81 | -20.86 |
| Pretax Income | - | 41.32 | 46.60 | 36.92 | 73.08 |
| Tax Provision | - | 7.80 | 7.82 | 8.01 | 14.68 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -0.24 | 0.73 | -8.33 |
| Net Income Continuous Operations | - | 33.51 | 38.78 | 28.92 | 58.40 |
| Net Income From Continuing And Discontinued Operation | - | 21.16 | 24.34 | 15.81 | 30.17 |
| Net Income From Continuing Operation Net Minority Interest | - | 21.16 | 24.34 | 15.81 | 30.17 |
| Net Income | - | 21.16 | 24.34 | 15.81 | 30.17 |
| Net Income Common Stockholders | - | 20.31 | 23.17 | 14.77 | 28.91 |
| Net Income Including Noncontrolling Interests | - | 33.51 | 38.78 | 28.92 | 58.40 |
| Normalized Income | - | 21.16 | 25.52 | 13.16 | 63.29 |
| Diluted NI Availto Com Stockholders | - | 20.31 | 23.17 | 14.77 | 28.91 |
| Basic Average Shares | - | 31.48 | 29.69 | 28.76 | 41.86 |
| Diluted Average Shares | - | 31.48 | 29.69 | 29.24 | 49.52 |
| Reconciled Depreciation | - | 30.43 | 36.18 | 47.22 | 84.28 |
| Reconciled Cost Of Revenue | - | 250.21 | 214.03 | 232.14 | 421.08 |
| Total Unusual Items | - | 0 | -1.42 | 3.38 | -41.45 |
| Total Unusual Items Excluding Goodwill | - | 0 | -1.42 | 3.38 | -41.45 |
| Minority Interests | - | -12.35 | -14.44 | -13.11 | -28.23 |
| Special Income Charges | - | 0 | -1.42 | 3.38 | -41.45 |
| Gain On Sale Of Business | - | - | 0 | 7.46 | 0 |
| Other Special Charges | - | - | - | 4.08 | 41.45 |
| Write Off | 0 | 0 | 1.42 | - | - |
| Impairment Of Capital Assets | - | - | 1.42 | 0 | 0 |
| Rent Expense Supplemental | - | - | 0 | 7.95 | 121.16 |
| Total Other Finance Cost | 0.25 | - | - | - | - |
| Other Operating Expenses | - | 1.85 | 0.64 | 2.46 | 4.08 |
| Otherunder Preferred Stock Dividend | - | 0.85 | 1.17 | 1.04 | 1.26 |
| Other Taxes | - | 3.07 | 0 | -2.48 | 0 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Solaris Energy Infrastructure, Inc.this co. | SEI | $7.1B | 236.27↑ premium | 12.63 | 5.3% | 42.46 |
| Uranium Energy Corp. | UEC | $6.9B | -79.08 | 7.05 | -8.9% | - |
| Transocean Ltd. | RIG | $6.9B | -2.37 | 0.85 | -36.0% | -7.08 |
| Valaris Limited | VAL | $6.4B | 6.55 | 2.03 | 31.0% | 8.77 |
| Murphy Oil Corporation | MUR |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $5.7B |
| 54.97 |
| 1.12 |
| 2.0% |
| 6.01 |
| Golar LNG Limited | GLNG | $5.2B | 79.67 | 2.84 | 3.6% | 36.01 |
| PBF Energy Inc. | PBF | $5.1B | -31.92 | 0.95 | -3.0% | 11.74 |
| CNX Resources Corporation | CNX | $4.8B | 7.60 | 1.11 | 14.6% | 4.79 |
| Energy Fuels Inc. | UUUU | $4.3B | -50.68 | 6.40 | -12.6% | -51.72 |
| Peer Median | - | 2.09 | 1.57 | -0.5% | 6.01 | |