Here are the 10-K annual reports from Solaris Energy Infrastructure, Inc. (SEI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SEI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SEI filings page.
Solaris Energy Infrastructure, Inc. files its annual report outlining a fast-growing power and logistics platform focused on data centers and energy markets. The company operates two segments: Solaris Power Solutions for modular, behind-the-meter power and Solaris Logistics Solutions for proppant logistics in oil and gas completions.
Power Solutions is highly concentrated, with one data center customer contributing 47% of consolidated 2025 revenue and up to 96% of segment revenue in recent years. Solaris agreed to provide up to about 900 megawatts of power under a seven-year contract starting in 2026 via Stateline Power, LLC, a 50.1%-owned venture, and separately over 500 megawatts under a ten-year rental agreement expected to begin in 2027.
The filing highlights significant risks, including customer and supplier concentration, industry competition, exposure to oil and gas cycles, inflation and tariffs, cybersecurity, climate and environmental regulation, and complex federal, state and local compliance obligations. Solaris reports 468 employees and emphasizes safety, human capital development and protection of intellectual property through a portfolio of U.S., Canadian and Mexican patents.