Solaris Energy beats Q1 revenue, adjusted EPS estimates, raises outlook

Solaris Energy Infrastructure

27/04/2026 21:18

Overview

US power infrastructure provider's Q1 revenue rose, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company raised Q2 adjusted EBITDA guidance and signed new 10-year power contract

Outlook

Company raises Q2 2026 Adjusted EBITDA guidance to $83-93 mln from $76-84 mln

Solaris sets Q3 2026 Adjusted EBITDA guidance at $80-95 mln

Company expects deployments for new 10-year power contract to begin in late 2026

Result Drivers

POWER SOLUTIONS GROWTH - Revenue in the Power Solutions segment rose 24% sequentially, driven by a 17% increase in average capacity earning revenue

NEW LONG-TERM CONTRACT - Co signed a 10-year agreement to provide over 600 MW of power capacity to a global technology customer, with deployments expected to begin in late 2026

LOGISTICS SEGMENT DECLINE - Logistics Solutions revenue fell 11% sequentially due to lower last-mile transportation activity

Company press release: ID:nBwF8Hj8a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$196 mln
$182.16 mln (5 Analysts)
Q1 Adjusted EPS
Beat
$0.44
$0.26 (7 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy"

Wall Street's median 12-month price target for Solaris Energy Infrastructure Inc is $72.00, about 0.6% below its April 24 closing price of $72.41

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 29 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)