What guidance did Solaris Energy's management provide for the next earnings period?

Did Solaris Energy beat or miss consensus estimates last quarter?

What is Solaris Energy's gross profit margin?

What factors drove the changes in Solaris Energy's revenue and profit?

What were the key takeaways from Solaris Energy's earnings call?

What does Solaris Energy do and what are its main business segments?

What is the market's earnings forecast for Solaris Energy next quarter?

What were the key takeaways from Solaris Energy’s earnings call?

- **Record Q3 Performance**: $167M revenue, $68M EBITDA, 27% jump in Power Solutions EBITDA.
- **Strategic Capacity Expansion**: 500 MW new orders (total 2.2 GW by 2028), reducing interest costs by $45M.
- **Financial Flexibility**: $748M convertible notes financing; Q4 EBITDA guidance: $65M-$70M.
- **Competitive Edge**: All-of-the-above generation approach, mobile equipment, and HVMVLV integration.
- **Long-Term Growth**: Pro forma 2028 EBITDA >$600M; pipeline supports >2.2 GW capacity.

**【CEO Summary Section】**
- Achieved record Q3 revenue and profit, with Power Solutions contributing 60% of revenue and 75% of segment EBITDA.
- Secured 500 MW of new generation capacity, bringing total pro forma capacity to 2.2 GW by early 2028.
- Acquired HVMVLV for balance-of-plant solutions, enhancing power distribution capabilities.
- Appointed Amanda Brock as Co-CEO to expand leadership and accelerate growth.
- Logistics Solutions segment remains stable, generating free cash flow and supporting Power Solutions growth.

**【CFO Financial Commentary】**
- Q3 revenue: $167M, adjusted EBITDA: $68M (12% QoQ growth).
- Power Solutions EBITDA: $58M (27% QoQ increase).
- Raised $748M via convertible notes, reducing interest expenses by $45M over 4Q.
- Q4 EBITDA guidance: $65M-$70M; Q1 2026 guidance: $70M-$75M.
- Pro forma 2028 EBITDA estimate exceeds $600M, excluding additional scope opportunities.

**【Q&A Key Highlights】**
- **Supply Chain Challenges**: Extended delivery times (2028) due to OEM capacity constraints; exploring alternative equipment sources.
- **HVMVLV Impact**: Integration of voltage regulation solutions boosts revenue per MW, enhancing project flexibility.
- **Competitive Position**: Differentiated by all-of-the-above generation approach (turbines, recips, BESS) and mobility of equipment.
- **Contract Tenor**: Shifting to longer-term (5+ years) as grid delays and power reliability needs grow.
- **Growth Confidence**: 2.2 GW capacity expected to convert into long-term contracts, with pipeline supporting >2.2 GW by end of decade.

SEI

SEI fundamentals

You can ask Aime