Solaris Energy Infrastructure (SEI) investor relations material

Executive summary

• Q2 2026 revenue reached $219.4 million, up 47% year-over-year and 12% sequentially, driven by Solaris Power Solutions growth and increased MW capacity deployed.

• Adjusted EBITDA was $108 million, up 30% sequentially, with net income of $25.2 million and adjusted pro forma net income of $36.5 million.

• Expanded three long-term contracts, adding over $100 million in expected annual adjusted EBITDA, and extended contract tenors.

• Completed $263.9 million GESA acquisition, enhancing project execution, aftermarket capabilities, and adding over 600 skilled employees.

• Invested in Deployable Energy for early exposure to SMR nuclear technology, supporting future technology integration.

Financial highlights

• Q2 2026 revenue: $219.4 million (Q2 2025: $149.3 million); adjusted EBITDA: $108.3 million (Q2 2025: $60.6 million); net income: $25.2 million.

• Earnings per diluted share: $0.26; adjusted pro forma EPS: $0.39.

• Solaris Power Solutions Q2 2026 revenue: $158 million, up 23% sequentially; segment adjusted EBITDA: $96 million, up 34%.

• Solaris Logistics Solutions Q2 2026 revenue: $61 million, down 10% sequentially; segment adjusted EBITDA: $25 million, up 7%.

• Operating cash flow for H1 2026: $265.5 million.

Outlook and guidance

• Q3 2026 adjusted EBITDA guidance raised to $90–105 million; Q4 2026 guidance set at $100–120 million.

• Remaining 2026 capital expenditures expected to be ~$1 billion, focused on Solaris Power Solutions.

• Power generation capacity projected to reach ~3,200 MW by end of 2029, with most under long-term contracts.

• Effective tax rate on pro forma pre-tax income expected at 26% for Q3 and Q4 2026.