Solaris reported Q4 2025 revenue of USD 180 million, up 8% sequentially, with a net loss of USD 4 million, or (USD 0.04) per diluted share. Q4 2025 adjusted EBITDA was USD 69 million, up 1% sequentially, while adjusted EBITDA attributable to Solaris was about USD 71 million, excluding the EBITDA loss attributable to the non-controlling interest in Stateline Power, its joint venture to provide about 900 MW of primary power to an AI data center. Adjusted pro forma net income for Q4 2025 was USD 30 million, or USD 0.35 per fully diluted share. For FY 2025, Solaris said revenue rose 99% versus 2024 and net income increased 102%, while adjusted EBITDA grew 137% year over year; adjusted pro forma net income was up 2.8x and up 1.5x per fully diluted share. In business updates, Solaris Power Solutions averaged about 780 MW of revenue-generating capacity in Q4 2025 and posted segment revenue of USD 104 million and segment adjusted EBITDA of USD 53 million. Solaris Logistics Solutions reported 93 fully utilized systems in Q4 2025, with segment revenue of USD 76 million (up 23% sequentially) and segment adjusted EBITDA of USD 23 million (up 31% sequentially). The company also raised its Q1 2026 adjusted EBITDA guidance to USD 72 million–USD 77 million and set Q2 2026 adjusted EBITDA guidance at USD 76 million–USD 84 million. Solaris said it signed an agreement on Feb. 12, 2026 to provide over 500 MW of power to a leading hyperscaler for an initial 10-year term beginning in Q1 2027, with an option to extend an additional five years. The board approved a Q1 2026 dividend of USD 0.12 per share, payable March 20, 2026, marking what the company said would be its 30th consecutive dividend once paid. Co-CEOs Bill Zartler and Amanda Brock cited rebounding Logistics activity from Q3 lows and said the company is in advanced discussions for Power Solutions capacity that “significantly surpasses” current open availability.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Solaris Oilfield Infrastructure Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260224960978) on February 24, 2026, and is solely responsible for the information contained therein.