Solaris (SEI) Reports Strong Q3 2026 Results with Significant Revenue Growth and Raised Guidance
Solaris reported robust third-quarter 2026 financial results, highlighted by a 55% sequential increase in revenue to $341 million. This growth was primarily fueled by the Power Solutions segment, which saw a 79% sequential rise due to expanded capacity and increased service revenue from recent acquisitions. Adjusted EBITDA rose 26% sequentially to $136 million, more than doubling compared to the previous year. The company demonstrated strong long-term visibility with a contracted backlog exceeding $16 billion and a weighted average contract tenor of 11 years. Following these results, management raised its adjusted EBITDA guidance for both the fourth quarter of 2026 and the first quarter of 2027. To support continued expansion toward a 3.5 gigawatt capacity target by 2029, Solaris secured $1.5 billion in additional growth capital through notes and increased bank commitments.
Tickers: $SEI
Topics: contract backlog EBITDA net income power solutions revenue growth