Solaris Revenue Rises 55% to $341 Million as Adjusted EBITDA Reaches $136 Million

What happened

Solaris reported third-quarter 2026 revenue of $341.1 million, up 55% from the second quarter, and net income of $39.3 million. Adjusted EBITDA, a measure of operating earnings before certain costs, rose 26% sequentially to $136.1 million. The company also signed a 15-year power agreement for approximately 900 MW.

Confirmed

Global impact / market context

Higher revenue and operating earnings indicate stronger recent business activity, while the long-term power agreement could provide contracted work for generation equipment and services. Its expected 2027–2028 rollout may require Solaris to deploy equipment and support operations before the full contract contribution is realized.

Analyst inference

The agreement brings Solaris’s contracted capacity to 3.2 GW and is its third long-term power contract this year with an investment-grade counterparty, meaning a customer rated as having relatively strong credit. This may improve revenue visibility, but deployment timing and execution will shape the financial benefit.

Confirmed

What to watch

1. Watch for deployments under the 900 MW agreement to begin in the first half of 2027 and scale through 2028, as stated by Solaris. Confirmed
2. Track whether the customer uses the option to extend the agreement for another 15 years; an extension could lengthen the period of contracted service revenue. Proposed
3. Check future results for costs of equipment deployment and service delivery, since rising revenue will translate into stronger earnings only if those costs remain manageable. Analyst inference

Evidence

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