Solaris Energy Infrastructure, Inc. has recently released its 10-Q report, providing detailed insights into the company's financial performance and operations. Solaris Energy Infrastructure, Inc. is a Houston-based company that offers mobile and scalable equipment-based solutions for distributed power generation and the management of raw materials used in oil and natural gas well completion. The company operates through two segments * Solaris Power Solutions and Solaris Logistics Solutions.
In the 10-Q report, Solaris Energy Infrastructure, Inc. announced the formation of Stateline Power LLC, a joint venture aimed at providing off-grid power to a customer's data center campus. Additionally, the company completed the issuance of $155.0 million aggregate principal amount of 4.75% Convertible Senior Notes due 2030 to support the ongoing growth program of its Solaris Power Solutions segment. Furthermore, Stateline entered into a delayed draw term loan facility with Stonebriar Commercial Finance LLC, providing a maximum principal amount of $550 million to finance capital expenditures.
The report also highlights the company's market trends and outlook, indicating significant growth in the Solaris Power Solutions segment, with its Adjusted EBITDA now contributing over two-thirds of the total segment Adjusted EBITDA. Solaris Energy Infrastructure, Inc. expects total company capital expenditures remaining in 2025 to be approximately $295 million on a consolidated basis, with the majority of these capital expenditures intended to support Solaris Power Solutions' capital growth.
In terms of financial performance, the report provides a comparison of revenues, cost of revenue, depreciation and amortization, gain on reversal of property tax contingency, selling, general and administrative expenses, and other operating expenses for the three and six months ended June 30, 2025, compared to the same periods in 2024. Notably, revenues from Solaris Power Solutions increased significantly during these periods, while revenues from Solaris Logistics Solutions remained relatively flat in the three months ended June 30, 2025, but increased by 6% in the six months ended June 30, 2025.
The report also outlines the cost of revenue, exclusive of depreciation and amortization, for both segments, with Solaris Power Solutions and Solaris Logistics Solutions showing varying percentages of revenue. Additionally, there is a detailed breakdown of selling, general and administrative expenses, other operating expenses, and the gain on reversal of property tax contingency.
Following these announcements, the company's shares moved -1.77%, and are now trading at a price of $32.67. Check out the company's full 10-Q submission here.
