Filing Flows › Solaris Energy Infrastructure (SEI) › Q3 2026
Solaris Energy Infrastructure (SEI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Solaris Energy Infrastructure (SEI) reported revenue of $341M for the third quarter 2026 (Q3 2026), +104% from a year earlier and +55% from the quarter before. Operating margin was 19.6%, net earnings $34.6M (10.1% of revenue).
Solaris Energy Infrastructure, Q3 2026: revenue $341M (+104% year over year), operating margin 19.6%, net earnings $34.6M, operating cash flow $212M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $341M | +55% | +104% |
| Operating profit | $67.0M | +19% | +77% |
| Net earnings | $34.6M | +69% | +138% |
| Operating cash flow | $212M | +14% | +236% |
What changed
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.
Questions
What was Solaris Energy Infrastructure's revenue in the third quarter 2026?
Solaris Energy Infrastructure (SEI) reported revenue of $341M for the third quarter 2026 (Q3 2026), +104% from a year earlier and +55% from the quarter before.
Was Solaris Energy Infrastructure profitable in the third quarter 2026?
Operating profit was $67.0M (19.6% of revenue) and net earnings $34.6M.