Record Quarterly Revenue and Profit
Solaris achieved record levels of quarterly revenue and profit, demonstrating strong execution and significant progress in growth.
Expansion of Power Solutions Capacity
Solaris operated approximately 760 megawatts during the third quarter, up from approximately 150 megawatts a year ago, and secured additional capacity to reach approximately 2,200 megawatts by early 2028.
Strong Performance in Power Solutions
Power Solutions contributed more than 60% of revenue and over 3/4 of segment-level adjusted EBITDA, with adjusted EBITDA growing 12% from the prior quarter and increasing more than 3x compared to the same quarter last year.
Strategic Acquisition
Acquired HVMVLV, a provider of specialty voltage distribution and regulation equipment, strengthening Solaris' power solutions offering and expanding capabilities and customer base.
Significant Capital Raised
Raised approximately $748 million in the form of senior convertible notes to pay off existing term loan, providing financial and operational flexibility for future growth.