Transformative Acquisition
Solaris announced and closed the acquisition of Mobile Energy Rentals, expanding into distributed power business. They renamed the company Solaris Energy Infrastructure to reflect their broader solution offering.
Strong Financial Performance
Solaris reported $75 million in revenue and $22 million in adjusted EBITDA for the third quarter. They returned $5 million to shareholders in dividends and announced a fourth-quarter dividend of $0.12 per share.
Contracted Power Capacity
Solaris Power Solutions signed new customer contracts for more than 80% of their pro forma capacity for 2-4 years, with an expected fleet growth to 535 megawatts by the end of Q3 2025.
Data Center and Oilfield Demand
High demand from data centers and oilfield customers for power solutions, driven by AI computing growth and energy production needs in areas with unreliable infrastructure.