Solaris Energy Infrastructure Raises FY25 EBITDA Forecast After Surpassing Q3 Revenue Expectations

Solaris Energy Infrastructure Inc (SEI) reported strong financial results for Q3 2025, with revenue reaching $167 million, a 122.6% year-over-year increase, and adjusted EBITDA rising to $68 million, surpassing analyst expectations. The company raised its adjusted EBITDA guidance for fiscal year 2025 to a range of $65 million to $70 million and projected further growth for Q1 2026 at $70 million to $75 million. Despite robust revenue growth and operational efficiency, Solaris faces financial stress indicators, including a high debt-to-equity ratio of 1.37 and an Altman Z-Score placing it in a zone of caution. Solaris continues to invest in expanding its power generation capacity, having ordered approximately 500 MW of generation capacity, aiming to enhance its commercial pipeline. The company operates mainly in the oil and gas industry, providing infrastructure solutions through its Solaris software suite and logistics and power solutions segments. While Solaris shows strong liquidity ratios and improved profitability, its net margin remains modest, indicating potential for further financial optimization.