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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 | 3.6% | 98.7% | 90.8% |
| 2024 | $313M | $97M | $16M | $-129M | 2.4% | 6.9% | -35.0% |
| 2023 | $293M | $86M | $24M | $25M | 7.7% | -8.5% | 15.0% |
| 2022 | $320M | $72M | $21M | $-13M | 6.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 41.80 | 51.33 | 45.35 | 135.39 |
| EBITDA | 72.24 | 86.23 | 97.41 | 184.95 |
| EBIT | 41.80 | 50.05 | 50.20 | 100.67 |
| Pretax Income | 41.31 | 46.59 | 36.92 | 73.08 |
| Tax Provision | 7.80 | 7.82 | 8.01 | 14.68 |
| Net Income | 21.16 | 24.34 | 15.81 | 30.17 |
| Net Income Common Stockholders | 20.31 | 23.17 | 14.77 | 28.91 |
| Total Expenses | 278.20 | 241.62 | 267.74 | 486.82 |
| Interest Expense | 0.49 | 3.45 | 13.27 | 27.59 |
| Interest Income | 0 | 0.14 | 1.46 | 6.73 |
| Selling General And Administration | 23.07 | 26.95 | 35.62 | 61.66 |
| Normalized EBITDA | 72.24 | 87.65 | 94.04 | 226.40 |
| Normalized Income | 21.16 | 25.52 | 13.16 | 63.29 |
| Basic EPS | 0.64 | 0.78 | 0.51 | 0.69 |
| Diluted EPS | 0.64 | 0.78 | 0.50 | 0.66 |
| Tax Effect Of Unusual Items | 0 | -0.24 | 0.73 | -8.33 |
| Tax Rate For Calcs | 0.19 | 0.17 | 0.22 | 0.20 |
| Total Unusual Items | 0 | -1.42 | 3.38 | -41.45 |
| Total Unusual Items Excluding Goodwill | 0 | -1.42 | 3.38 | -41.45 |
| Net Income From Continuing Operation Net Minority Interest | 21.16 | 24.34 | 15.81 | 30.17 |
| Reconciled Depreciation | 30.43 | 36.19 | 47.22 | 84.28 |
| Reconciled Cost Of Revenue | 250.21 | 214.03 | 232.14 | 421.08 |
| Net Interest Income | -0.49 | -3.31 | -11.81 | -20.86 |
| Net Income From Continuing And Discontinued Operation | 21.16 | 24.34 | 15.81 | 30.17 |
| Rent Expense Supplemental | 0 | 0 | 7.95 | 121.16 |
| Total Operating Income As Reported | 41.80 | 49.90 | 52.82 | 135.39 |
| Diluted Average Shares | 31.48 | 29.69 | 29.23 | 49.52 |
| Basic Average Shares | 31.48 | 29.69 | 28.76 | 41.86 |
| Diluted NI Availto Com Stockholders | 20.31 | 23.17 | 14.77 | 28.91 |
| Otherunder Preferred Stock Dividend | 0.85 | 1.17 | 1.04 | 1.26 |
| Minority Interests | -12.35 | -14.44 | -13.11 | -28.23 |
| Net Income Including Noncontrolling Interests | 33.51 | 38.77 | 28.92 | 58.40 |
| Net Income Continuous Operations | 33.51 | 38.77 | 28.92 | 58.40 |
| Other Income Expense | 0 | -1.42 | 3.38 | -41.45 |
| Special Income Charges | 0 | -1.42 | 3.38 | -41.45 |
| Gain On Sale Of Business | 0 | 0 | 7.46 | 0 |
| Other Special Charges | 0 | 0 | 4.08 | 41.45 |
| Write Off | 0 | 1.42 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 1.42 | 0 | 0 |
| Net Non Operating Interest Income Expense | -0.49 | -3.31 | -11.81 | -20.86 |
| Total Other Finance Cost | 0 | 0 | 0 | 0 |
| Interest Expense Non Operating | 0.49 | 3.45 | 13.27 | 27.59 |
| Interest Income Non Operating | 0 | 0.14 | 1.46 | 6.73 |
| Other Operating Expenses | 1.85 | 0.64 | 2.46 | 4.08 |
| Other Taxes | 3.07 | 0 | -2.48 | 0 |
| Operating Revenue | 320 | 292.95 | 313.09 | 622.21 |
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 | $6.6B | 84.76↑ premium | 6.70 | 3.6% | 18.57 |
| Transocean Ltd. | RIG | $7.7B | - | 0.95 | -36.0% | 9.54 |
| Valaris Limited | VAL | $7.2B | 7.50 | 2.27 | 31.0% | 12.10 |
| Uranium Energy Corp. | UEC | $6.6B | - | 4.64 | -8.9% | -58.64 |
| Excelerate Energy, Inc. | EE |
| $6.6B |
| 26.16 |
| 1.57 |
| 1.8% |
| 8.49 |
| Murphy Oil Corporation | MUR | $6.0B | 58.10 | 1.17 | 2.0% | 5.50 |
| CNX Resources Corporation | CNX | $5.6B | 9.88 | 1.29 | 14.6% | 5.61 |
| Golar LNG Limited | GLNG | $5.5B | 89.88 | 2.96 | 3.2% | 49.03 |
| PBF Energy Inc. | PBF | $5.1B | - | 0.95 | -2.9% | -16.57 |
| Peer Median | - | 26.16 | 1.43 | 1.9% | 7.05 | |