Solaris Energy Infrastructure, Inc.
- Open
- 49.50
- Day high
- 50.45
- Day low
- 48.91
- Prev close
- 50.77
- Volume
- 221K
- Mkt cap
- $3.3B
- P/E (TTM)
- 48.8
- EPS (TTM)
- $1.02
- P/B
- 3.6
- P/S
- 4.3
- Yield
- 0.48%
- Per share
- $0.24
Solaris Energy Infrastructure, Inc. (SEI) is a Energy company listed on NYSE. The stock is up 69% over the past year.
Solaris Energy Infrastructure, Inc. (SEI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 8 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SEI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 22, 2026 | $0.38 | $0.39 | +4.0% | $219M | +5.5% |
| Apr 28, 2026 | $0.31 | $0.44 | +39.8% | $196M | +7.0% |
| Feb 25, 2026 | $0.24 | $0.35 | +45.8% | $180M | +12.1% |
| Jul 23, 2025 | $0.14 | $0.34 | +142.9% | $149M | +15.1% |
| Feb 20, 2025 | $0.11 | $0.12 | +9.1% | $96M | -21.5% |
| Jul 9, 2024 | $0.12 | $0.13 | +6.6% | $74M | +4.4% |
| Apr 25, 2024 | $0.13 | $0.16 | +20.3% | $68M | +4.4% |
| Dec 31, 2023 | $0.18 | $0.15 | -17.2% | $63M | -7.3% |
| Sep 30, 2023 | $0.25 | $0.17 | -31.2% | $70M | -10.9% |
| Jun 30, 2023 | $0.22 | $0.26 | +13.5% | $77M | -6.9% |
| Mar 31, 2023 | $0.22 | $0.24 | +8.8% | $83M | -7.3% |
| Dec 31, 2022 | $0.23 | $0.15 | -34.0% | $84M | -10.0% |
SEI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 25, 2026 | Walker Ray N JRdirector | Grant | 3,075 | — |
| Aug 25, 2026 | Giesinger Edgar R. JR.director | Grant | 3,246 | — |
| Aug 25, 2026 | Keenan W Howard JRdirector | Grant | 2,989 | — |
| Aug 25, 2026 | Argo Laurie Hdirector | Grant | 3,331 | — |
| Aug 25, 2026 | TEAGUE AJdirector | Grant | 3,075 | — |
| Aug 25, 2026 | BURKE JAMES Rdirector | Grant | 3,075 | — |
| Aug 25, 2026 | YZAGUIRRE MARIO MAXdirector | Grant | 3,160 | — |
| Jun 2, 2026 | Wirtz Christopher P.officer: Chief Accounting Officer | Tax | 1,303 | $69.54 |
| May 13, 2026 | Wirtz Christopher P.officer: Chief Accounting Officer | Sell | 700 | $77.22 |
| May 13, 2026 | Argo Laurie Hdirector | Sell | 5,200 | $72.88 |
| May 12, 2026 | Powell Christopher Mofficer: Chief Legal Officer | Sell | 25,492 | $74.84 |
| May 12, 2026 | Powell Christopher Mofficer: Chief Legal Officer | Sell | 2,181 | $75.33 |
| May 12, 2026 | Powell Christopher Mofficer: Chief Legal Officer | Sell | 9,179 | $73.90 |
| May 11, 2026 | TEAGUE AJdirector | Buy | 3,425 | $72.98 |
| May 11, 2026 | TEAGUE AJdirector | Buy | 2,750 | $72.98 |
Source: SEI SEC Form 4 filings, latest Aug 25, 2026. For informational purposes only — not investment advice.
See the full SEI insider & 13F page →Solaris Energy Infrastructure, Inc. company profile
Overview
Solaris Energy Infrastructure, Inc. (NYSE:SEI) is a Houston-based energy infrastructure company founded in 2014 that has evolved from a specialized oilfield equipment provider into a diversified energy infrastructure platform. Originally known as Solaris Oilfield Infrastructure, the company changed its name in September 2024 to reflect its expanded scope beyond traditional oil and gas services. The company went public in May 2017 and has since transformed its business model through strategic acquisitions, most notably the purchase of Mobile Energy Rentals in 2024, which significantly expanded its power generation capabilities. Today, Solaris operates two primary business segments: Power Solutions and Logistics Solutions, serving energy companies, data centers, and industrial customers across the United States.
Business
Solaris Energy Infrastructure operates in the energy infrastructure sector, providing specialized equipment and services across two main business segments that collectively address critical infrastructure needs in the modern energy economy. Power Solutions represents the company's fastest-growing segment, accounting for approximately 55% of total segment adjusted EBITDA as of Q1 2025. This division provides mobile power generation services primarily using natural gas turbines that deliver electricity to customers who need reliable, on-demand power. The company operates what it calls a "power-as-a-service" model, where customers contract for electricity delivery rather than purchasing equipment outright. The power generation fleet has expanded dramatically from 150 megawatts in early 2024 to approximately 390 megawatts in Q1 2025, with plans to reach over 1,400 megawatts by early 2027. The primary customers are hyperscale data centers (representing about 75% of power capacity), particularly those supporting artificial intelligence computing applications, along with upstream and midstream energy companies. These turbines start with sub-nine parts per million NOx emissions levels, positioning the company well for customers requiring lower-emission power solutions. Logistics Solutions represents the company's original business, providing specialized equipment and services to oil and natural gas operators during well completion activities. This segment focuses on the efficient handling and delivery of proppant (primarily sand) used in hydraulic fracturing operations. The company's equipment includes mobile silos, conveyor systems, and related logistics infrastructure that automate the transfer of proppant from storage to wellheads. Solaris operates approximately 90-95 fully utilized systems as of Q2 2025, with about 75% of customer locations equipped with both legacy SAN silo systems and newer top-fill systems. The segment benefits from cross-selling opportunities, where multiple systems at individual well sites can double the earnings potential compared to single-system installations. This business is cyclical and tied to oil and gas drilling and completion activity levels, which fluctuate based on commodity prices and operator capital expenditure decisions.
Revenue model
Solaris generates revenue through two distinct business models that reflect its diversified energy infrastructure approach. The Power Solutions segment operates on a service-based revenue model where customers pay for electricity delivered rather than purchasing equipment. The company signs multi-year contracts ranging from 2-7 years with customers, providing predictable recurring revenue streams. Pricing is typically structured on a per-megawatt-hour basis, allowing Solaris to capture value from both capacity utilization and energy market dynamics. The company has secured long-term partnerships with major hyperscale data center operators and has expanded one key relationship to a 7-year contract covering 900 megawatts of capacity. This segment benefits from the growing demand for reliable power infrastructure driven by data center expansion, particularly for AI computing applications, and the need for behind-the-meter power solutions in industrial applications. The Logistics Solutions segment generates revenue through equipment rental and related services to oil and gas operators. Revenue is primarily driven by day rates charged for fully utilized systems deployed at well sites during completion operations. The company also provides technician support, mobilization logistics, and operates a transloading facility for proppant storage and handling. This segment's profitability is influenced by several factors: oil and gas commodity prices affect operator drilling budgets and activity levels; the trend toward increased frac intensity and closer proximity sand usage supports demand for efficient logistics solutions; and industry consolidation among both operators and service providers can impact pricing dynamics and market share. Margin drivers across both segments include equipment utilization rates, contract pricing power, operational efficiency improvements, and the company's ability to cross-sell multiple services at individual customer locations. The Power Solutions segment benefits from longer-term contracts that provide revenue visibility, while the Logistics Solutions segment faces more cyclical margin pressure based on oil and gas market conditions. Both segments benefit from the company's focus on operational excellence and its ability to provide value-added services that improve customer efficiency and reduce their operational complexity.
Competitive moat
Solaris Energy Infrastructure possesses a moderate competitive moat built primarily around operational expertise, customer relationships, and strategic positioning in specialized market niches, though the strength of this moat varies between its business segments. In Power Solutions, the company's moat stems from its established relationships with hyperscale data center customers and its proven ability to rapidly deploy and manage large-scale mobile power generation fleets. The company has demonstrated execution capabilities by expanding its power generation capacity from 150 megawatts to nearly 400 megawatts in just over a year, which creates barriers for new entrants who would need significant capital and operational expertise to compete at scale. The long-term contract structure (2-7 years) with major data center operators provides some protection from competition once relationships are established. However, this moat faces potential challenges from larger industrial equipment companies or utilities that could enter the mobile power generation market, and from customers potentially developing in-house power generation capabilities as their needs scale. In Logistics Solutions, the moat is narrower and primarily based on operational efficiency and customer relationships developed over nearly a decade in the oilfield services sector. The company's equipment and logistics expertise help oil and gas operators reduce completion times and costs, creating switching costs for customers who have integrated Solaris systems into their operations. The trend toward electrification of oilfield equipment also provides some differentiation. However, this segment operates in a highly competitive oilfield services market with numerous participants, and the cyclical nature of oil and gas activity limits pricing power during downturns. The company's overall competitive position is strengthened by its diversification across energy infrastructure sectors, reducing dependence on any single end market. However, both segments face potential disruption from technological advances, regulatory changes affecting emissions requirements, and the long-term energy transition toward renewable sources. The moat is best characterized as moderate and execution-dependent, requiring continued operational excellence and strategic customer relationship management to maintain competitive advantages.
Risks & safety
Solaris Energy Infrastructure presents a mixed margin of safety profile with strong liquidity but elevated capital intensity and valuation concerns. Liquidity and Solvency: • Cash position of $16.7 million as of Q1 2025, down significantly from $114.3 million in Q4 2024 • Current ratio of 1.67, indicating adequate short-term liquidity coverage • Debt-to-equity ratio of 0.91, representing moderate leverage levels • Negative free cash flow of -$118.6 million in Q1 2025, primarily due to heavy capital expenditures for power generation fleet expansion • Operating cash flow of $25.7 million in Q1 2025 shows underlying operational cash generation capability Valuation Metrics: • Price-to-earnings ratio of 38.9, indicating high valuation relative to current earnings • EV/EBITDA of 6.5, reasonable for a growing infrastructure company • Price-to-book ratio of 2.18, suggesting premium valuation relative to tangible assets • Graham number of 5.61 compared to current price of $21.76, indicating potential overvaluation by traditional value metrics Other Considerations: • Heavy capital expenditure requirements for fleet expansion create near-term cash flow pressure • Revenue concentration risk with significant exposure to single large data center customer • Cyclical exposure through Logistics Solutions segment tied to volatile oil and gas markets • Execution risk associated with rapid scaling of Power Solutions operations
Recent development
Solaris Energy Infrastructure has undergone a significant strategic transformation over the past two years, evolving from a pure-play oilfield services company into a diversified energy infrastructure platform. The most pivotal development was the acquisition of Mobile Energy Rentals in September 2024, which immediately established the company as a major player in mobile power generation services. This acquisition formed the foundation of the Power Solutions segment and marked the company's entry into the rapidly growing data center power market. The company's power generation strategy has been characterized by aggressive expansion and long-term customer partnerships. Starting with 150 megawatts of capacity in early 2024, Solaris has rapidly scaled to approximately 390 megawatts by Q1 2025, with concrete plans to reach over 1,400 megawatts by early 2027. A key milestone was securing an expanded 7-year contract with a major hyperscale data center customer for 900 megawatts of capacity, providing significant revenue visibility and validating the company's power-as-a-service model. The company has also formed a 50.1% owned joint venture for a 500-megawatt power project, demonstrating its ability to structure creative partnerships for large-scale deployments. In the traditional Logistics Solutions business, Solaris has focused on operational efficiency improvements and cross-selling opportunities. The company has successfully deployed multiple systems at over 75% of customer locations, effectively doubling the earnings potential at individual well sites. The segment has also benefited from industry trends toward electrification of oilfield equipment and increased frac intensity, which support demand for the company's specialized logistics solutions. Strategic initiatives include exploring in-house manufacturing of SCR emissions control systems to reduce costs and improve returns on capital, reflecting the company's focus on vertical integration where it can create competitive advantages. The company has also maintained its commitment to shareholder returns through dividend payments and share repurchase programs, even while investing heavily in growth initiatives. The September 2024 name change from Solaris Oilfield Infrastructure to Solaris Energy Infrastructure symbolically represents the company's broader strategic vision beyond traditional oil and gas services.
SEI company profile · for informational purposes only — not investment advice.
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