Solaris Energy Infrastructure Q3 revenue beats estimates
Overview
US power infrastructure firm's Q3 revenue rose 55% sequentially, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company raised Q4 2026 and Q1 2027 adjusted EBITDA guidance
Outlook
Solaris raises Q4 2026 Adjusted EBITDA guidance to $165-185 mln from $145-180 mln
Company lifts Q1 2027 Adjusted EBITDA outlook to $220-260 mln from $200-240 mln
Solaris expects 2027 Adjusted EBITDA to more than double 2026 levels
Result Drivers
POWER CONTRACTS - Co said new long-term power contracts with investment-grade customers contributed to increased revenue and capacity
INCREASED SERVICES REVENUE - Co attributed higher segment profitability to increased services revenue in Solaris Power Solutions
GENERATION CAPACITY TRANSITION - Co said decrease in capacity earning revenue was due to planned release of temporary third-party generation as it transitions to owned capacity under long-term contracts
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $341.09 mln | $259.35 mln (7 Analysts) |
Q3 Adjusted EPS | Beat | $0.45 | $0.28 (7 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil related services and equipment peer group is "buy"
Wall Street's median 12-month price target for Solaris Energy Infrastructure, Inc. is $104.00, about 80.4% above its November 4 closing price of $57.64
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 27 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)