Solaris Energy Infrastructure Inc Stock Price, News & Analysis

Solaris Energy Infrastructure (NYSE:SEI) reported strong Q4 2024 results with revenue of $96 million, up 28% from Q3 2024, driven by the Solaris Power Solutions segment following the MER acquisition. The company posted net income of $14 million ($0.19 per diluted Class A share) and Total Adjusted EBITDA of $37 million.

Key developments include securing an additional 700 megawatts of gas-powered turbines with deliveries expected throughout 2026, bringing total operated power fleet to approximately 1,400 MW by H1 2027. The company also established a long-term partnership involving a minimum 500 MW contract for six years to support a new data center construction.

For Q1 2025, Solaris expects Total Adjusted EBITDA between $44-48 million, and Q2 guidance of $50-55 million. The company approved a Q1 2025 dividend of $0.12 per share, marking its 26th consecutive dividend payment.

Solaris Energy Infrastructure (NYSE:SEI) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for February 21, 2025, at 9:00 a.m. Central Time. The company will release its earnings report after market close on February 20, 2025.

Participants can join the call from the US by dialing (844) 413-3978 or internationally at (412) 317-6594. A live webcast will be available on the company's website's Investor Relations section. An audio replay will be accessible for approximately seven days following the call, available through US number (877) 344-7529 or international number (412) 317-0088, using access code 3610985.

Solaris Energy Infrastructure announced the pricing of its underwritten public offering of 6.5 million shares of Class A common stock at $24.75 per share, expecting to raise approximately $156 million in net proceeds. The offering is set to close on December 11, 2024.

Yorktown Energy Partners X has granted underwriters a 30-day option to purchase up to 975,000 additional shares. Solaris will contribute all net proceeds to Solaris in exchange for membership units, which will be used to fund growth capital for additional power generation equipment, including natural gas turbines and electrical equipment.

Santander is leading the offering as book-running manager, with Goldman Sachs, Piper Sandler, and Wolfe Capital Markets serving as additional book-running managers.

Solaris Energy Infrastructure (NYSE: SEI) has announced an underwritten public offering of 6,500,000 shares of Class A common stock. Yorktown Energy Partners X will grant underwriters an option to purchase up to 975,000 additional shares within 30 days. The company plans to contribute the net proceeds to Solaris in exchange for membership units. The funds will be used for growth capital, specifically for additional power generation equipment including natural gas turbines and electrical equipment. Santander US Capital Markets is acting as the book-running manager for the offering, which is being made through a shelf registration statement on Form S-3.

Solaris Energy Infrastructure (NYSE:SEI) has raised its Q4 2024 Adjusted EBITDA guidance to $36-39 million, up from the previous $33-36 million range. The improvement is driven by enhanced utilization levels and better cost absorption in the Power Solutions segment, with an expected deployment of approximately 250 MW during Q4.

The company has ordered 9 additional 16.5 MW gas-fired turbines, adding 145 MW in generation capacity. Solaris plans to invest $160 million in growth capital, including $120 million for new turbines and $40 million for Selective Catalytic Reduction technology. The company expects to reach 680 MW of generation capacity by Q1 2026.

Solaris Energy Infrastructure (NYSE:SEI) has filed a new universal shelf registration statement on Form S-3 with the SEC to replace its previous registration that expired on October 22, 2024. Once effective, the new shelf registration will allow Solaris to offer and sell up to $500 million of securities, including Class A common stock and preferred stock, through one or more future offerings. The registration statement has been filed but is not yet effective, and no securities can be sold until effectiveness.

Solaris Energy Infrastructure (NYSE:SEI) has announced its participation in three upcoming investor events. The company will present at the Southwest IDEAS Conference in Dallas on November 20, 2024, at 10:00 a.m. Central Time. Additionally, Solaris will host investor meetings at the Capital One Securities Energy Conference in Houston on December 10, 2024, and the Goldman Sachs Energy, Clean Tech & Utilities Conference on January 7-8, 2025. Presentation slides for all events will be available on the company's investor relations website.

Solaris Energy Infrastructure (NYSE:SEI) reported Q3 2024 results with revenue of $75 million, a net loss of $2 million (-$0.04 per share), and Adjusted EBITDA of $22 million. The company completed the acquisition of Mobile Energy Rentals , establishing a new Power Solutions segment, funded by a $325 million secured term loan. SEI secured power service agreements totaling 450 MW of generation capacity, representing over 80% of expected 2025 ending capacity. The company approved a Q4 2024 dividend of $0.12 per share and has returned $183 million to shareholders since 2018.

Solaris Energy Infrastructure (NYSE:SEI) has announced its upcoming third quarter 2024 results conference call, scheduled for Tuesday, November 5, 2024, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). The company will release its Q3 2024 earnings after market close on November 4, 2024.

Participants can join the call from the US by dialing (844) 413-3978, or from outside the US at (412) 317-6594, referencing Solaris Energy Infrastructure, Inc. A live webcast will be available on the company's website. An audio replay will be accessible for about seven days after the call, with US callers dialing (877) 344-7529 and international callers using (412) 317-0088, with the replay access code 4005229.