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Solaris Energy Infrastructure (SEI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Solaris Energy Infrastructure (SEI) Q3 2026 earnings results →
Q3 2026 Revenue up 104% year over year to $341M · 10¢ of every $1 of revenue kept as net profit · operating margin 19.6%
Solaris Energy Infrastructure made $341M in Q3 2026 (+104% Y/Y): Solaris Power Solutions $284M, Solaris Logistics Solutions $56.9M. Operating margin 19.6%, net earnings $34.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $341.1M in Q3 2026, up 104% year over year and up 55% from the previous quarter. Solaris Power Solutions was the largest line at 83% of revenue. Solaris Power Solutions added $179.3M year over year (up 171%), 103% of the total change. Solaris Logistics Solutions declined 8%.
Operating profit was $67.0M, a 19.6% margin (down 3.1 points year over year). Of the extra revenue versus Q3 2025, 17% reached operating profit, below the 23% margin then. Total costs grew 113% against revenue growth of 104%. The fastest-growing cost line was SG&A (+174%). Net earnings were $34.6M, up 138% year over year. The effective tax rate was 20.0%.
Operating cash flow was $212.5M (up 236% year over year), 541% of net income including minority interests. Non-cash charges added back $51.5M of depreciation and amortization and $14.8M of share-based compensation. Working capital and other items added $107.0M. Capital expenditures of $547.2M exceeded it, leaving free cash flow of −$334.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $341M | +104% | 19.6% | $34.6M | $212M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $219M | +47% | 25.8% | $20.5M | $186M |
| Q1 2026 | 10-Q | May 1, 2026 | $196M | +55% | 25.8% | $21.4M | $79.0M |
| Q4 2025 | 10-K | Feb 27, 2026 | $180M | +87% | 22.2% | −$3.5M | $95.9M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $167M | +122% | 22.7% | $14.6M | $63.3M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $149M | +102% | 23.8% | $12.0M | $24.2M |
| Q1 2025 | 10-Q | May 7, 2025 | $126M | +86% | 17.5% | $5.3M | $25.7M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Solaris Energy Infrastructure
We provide modular and scalable equipment-based solutions for power generation, control and distribution, and the management of raw materials in oil and natural gas well completions. Headquartered in Houston, Texas, Solaris serves multiple U.S. end markets, including data center, energy, and other commercial and industrial sectors. • Solaris Power Solutions: This segment delivers power generation, control, and distribution solutions. Our offerings support data center, energy, and other commercial and industrial sector customers by providing flexible, on-demand power infrastructure, including power control and distribution capabilities.
In its own words, from its 10-K, filed Feb 27, 2026.
Solaris Energy Infrastructure against its Oil & Gas Field Machinery & Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +104% against the peers' median +14%. Operating margin: 19.6% against the peers' median 13.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SEI Solaris Energy Infrastructure | Q3 2026 | $341M | +104% | 19.6% |
| BKR Baker Hughes | Q3 2026 | $8.0B | +14% | 6.5% |
| FTI TechnipFMC | Q3 2026 | $2.9B | +9% | 19.5% |
| NOV NOV | Q3 2026 | $2.2B | +2% | 6.4% |
| DNOW Dnow | Q3 2026 | $1.3B | +111% | 2.5% |
| WFRD Weatherford International | Q3 2026 | $1.1B | -7% | 13.4% |
| WHD Cactus | Q3 2026 | $431M | +63% | 21.8% |
| INVX Innovex International | Q3 2026 | $265M | +10% | 12.2% |
| FLOC Flowco Holdings | Q3 2026 | $259M | +46% | 18.5% |
Source: Solaris Energy Infrastructure 10-Q on SEC EDGAR · CIK 1697500 · Oil & Gas Field Machinery & Equipment
Guidance and outlook
13F: who owns SEI and who is buying
More on SEI
- How Solaris Energy Infrastructure makes money: revenue by segment
- Solaris Energy Infrastructure next earnings date and what analysts expect
- Solaris Energy Infrastructure stock forecast, price target and fair value
- Who owns Solaris Energy Infrastructure stock: holders, funds and Congress trades
- Solaris Energy Infrastructure guidance and outlook
- Is Solaris Energy Infrastructure a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Solaris Energy Infrastructure guidance history: guided vs reported
- Solaris Energy Infrastructure operating margin by quarter
- Solaris Energy Infrastructure net income by quarter
- Solaris Energy Infrastructure capital expenditures by quarter
- Solaris Energy Infrastructure Solaris Power Solutions revenue by quarter
- Solaris Energy Infrastructure Solaris Logistics Solutions revenue by quarter