Highest-materiality recent filing
Solaris Energy Infrastructure acquires GESA for ~$55M cash + 2.88M shares
Total consideration: ~$55M cash (incl. debt assumption) and 2,880,682 shares of SEI Class A common stock.
Stockholders elected Edgar R. Giesinger, A. James Teague, and William A. Zartler as Class III directors.
Solaris issues $1.3B 6.375% senior notes due 2031 and enters $650M revolver
Issued $1.3B 6.375% senior notes due 2031 at par; net proceeds ~$1,276.1M after discount and expenses.
Solaris Energy Infrastructure prices $1.3B of 6.375% Senior Notes due 2031
Issued $1.3B aggregate principal of 6.375% Senior Notes due May 15, 2031 at par.
Solaris Energy Infrastructure to offer $1.3B Senior Notes due 2031; updates contracts and growth
$1.3B of Senior Notes due 2031 to be offered privately; proceeds used to repay borrowings and fund growth capex.
Solaris Energy amends 8-K to clarify Focus Genco acquisition not significant for Rule 3-05
Acquisition of Focus Genco Cayman Ltd. closed March 16, 2026, originally reported March 20.
Solaris Energy subsidiary signs 10-yr deal to provide 600+ MW power capacity
Wholly owned subsidiary agreed to supply over 600 MW of power capacity with balance of plant scope.
Solaris Q1 2026 revenue $196M, adj EBITDA $84M; raises Q2 guidance, signs 600 MW power contract
Q1 revenue $196M (+9% QoQ); net income $32M ($0.32 diluted EPS); adj pro forma net income $39M ($0.44 per share).
Solaris Energy secures additional $200M term loan commitments, total now $500M
Additional $200M in senior secured term loan commitments via Amendment No. 1, increasing total facility to $500M.
Acquired 100% of Focus Genco Cayman Ltd. for ~$81M cash and 4,182,772 shares of SEI common stock; closed March 16, 2026.
Q4 revenue $180M (+8% seq); net loss $4M ($0.04 loss); adj pro forma net income $30M ($0.35/share).
Solaris Energy Infrastructure appoints Stephan Tompsett as CFO, effective Feb 12, 2026
Stephan Tompsett named CFO; previously CFO of Aris Water Solutions (Sept 2022–Oct 2025).
Solaris Energy signs deal to supply 500+ MW power equipment for AI data centers
Agreement with Hatchbo (affiliate of investment-grade global tech firm) for over 500 MW of generation equipment.
Solaris Q3 revenue $167M (+12% QoQ); raises Q4 EBITDA guidance to $65-70M; orders 500 MW capacity
Revenue $167M, net income $25M ($0.31 diluted EPS); adjusted pro forma net income $24M ($0.32).
Solaris Energy Infrastructure appoints Amanda Brock as Co-CEO and director
Amanda Brock appointed Co-CEO alongside Chairman Bill Zartler, effective Oct. 16, 2025.
Solaris Energy issues $747.5M 0.25% convertible notes due 2031, enters capped calls
Issued $747.5M aggregate principal of 0.25% Convertible Senior Notes due 2031; initial conversion price ~$57.20 per share.
Entered third amendment to revolving credit facility with Bank of America, permitting issuance of convertible debt and related derivative securities.
Solaris Q2 revenue $149M (+18% QoQ), Adj. EBITDA $61M; raises Q3 EBITDA guidance to $58-63M
Q2 revenue $149M, net income $24M ($0.30 diluted EPS); adjusted pro forma net income $25M ($0.34 EPS).
Stateline Power (Solaris JV) secures up to $550M loan from Stonebriar for capex
Loan max $550M or 80% of equipment cost, used for capital expenditures.
Solaris Energy Infrastructure announces 2025 annual meeting voting results
Elected Class II directors: Cynthia M. Durrett (50,387,718 for), W. Howard Keenan, Jr. (50,547,842 for), Ray N. Walker, Jr. (50,795,563 for).
Solaris Energy issues $155M of 4.75% convertible senior notes due 2030
$135M base plus $20M full exercise of over-allotment; total $155M principal.
Solaris forms AI data center JV, reports preliminary Q1 revenue $126M and EPS $0.14
Formed Stateline JV with CTC; contributed $86.4M assets for 50.1% equity, CTC $86M for 49.9%.
Solaris Energy Q1 rev $126M (+31% Q/Q); JV expanded to 900 MW; fleet target 1,700 MW
Revenue $126M (+31% sequentially); net income $13M ($0.14 diluted share); Adj pro forma net income $14M ($0.20/share).
Solaris pro forma 2024: revenue $339M, EPS $0.22; diluted vs $0.50 standalone
Pro forma revenue $339.0M for 2024; Solaris standalone $313.1M, MER contributed $25.9M pre-acquisition.
Solaris Energy Q4 revenue $96M (+28% seq); new 700MW power orders; JV for 500MW data center
Q4 2024 revenue $96M (+28% seq from Q3); net income $14M ($0.19/diluted share).
Solaris Energy Infrastructure appoints Max Yzaguirre as independent director, board expands to 10
Board expanded from 9 to 10 directors; appointed M. Max Yzaguirre as Class I director effective Jan 30, 2025.
Solaris Energy COO Kelly Price retires; CEO Zartler assumes principal operating officer role
Kelly Price retired as COO and principal operating officer effective December 31, 2024.
Priced underwritten offering of 6,500,000 shares at $24.75 per share, raising net proceeds of approx. $156 million.
Solaris closes MER acquisition; auditor flags going concern on $307.6M commitment
Acquisition of Mobile Energy Rentals (MER) closed Sep 11, 2024; financials now filed.
Solaris Q3 revenue $75M, net loss $2M; closes MER acquisition, signs 450 MW power contracts
Acquired Mobile Energy Rentals on Sept 11, 2024; $325M term loan closed to fund acquisition and growth capex.
Solaris COO Kelly Price to retire Dec 31, 2024; company secures $75M revolving credit facility
COO Kelly Price retiring effective Dec 31, 2024; will serve as advisor through 2025.
Solaris completes MER acquisition, $325M term loan, name change to SEI
Acquired Mobile Energy Rentals (MER) for ~$60M cash + 16.46M LLC Units ($140M value) + $71M debt payoff.
Approved issuance of 16,464,778 Class B common shares (99.9% votes for).
Solaris Q2 revenue $74M (+9% QoQ); net income $10M ($0.20 EPS); acquires MER for $200M
Revenue $74M, up 9% from Q1 2024 but down 4% YoY; adjusted EBITDA $21M (-8% QoQ, -22% YoY).
Solaris loans MER $29.75M for power generation equipment ahead of acquisition close
Loan of $29,750,000 to Mobile Energy Rentals LLC (MER) to fund progress payments for power generation equipment.
Solaris Oilfield Infrastructure agrees to acquire Mobile Energy Rentals
Signed Contribution Agreement on July 9, 2024 to acquire all equity of Mobile Energy Rentals LLC (MER).
Solaris (SOI) agrees to acquire Mobile Energy Rentals for $200M; issues preliminary Q2 results
Purchase price $200M: $60M cash + $140M in Solaris Class B shares (~16.5M shares) to MER founders/management.
Solaris Oilfield stockholders elect three directors, ratify auditor, approve exec pay
Laurie H. Argo elected with 33,928,245 votes for and 1,703,331 withheld.
Solaris Oilfield Q1 revenue $68M, adj EPS $0.16, declares $0.12 Q2 dividend
Revenue $68M; net income $7M ($0.14/shr); adjusted pro forma net income $7M ($0.16/shr).
Solaris Q4 revenue $63M (-25% YoY), EPS $0.14; maintains $0.12 dividend; 2024 capex <$15M
Revenue $63M (-9% QoQ, -25% YoY); diluted EPS $0.14; adjusted pro forma EPS $0.15.
Solaris Q3 net income falls to $7.6M, revenue down 25% YoY; dividend raised 9% to $0.12
Revenue $69.7M (-10% seq, -25% YoY); net income $7.6M ($0.16 diluted EPS).
Solaris Q2: Revenue $77.2M (-11% YoY), net income $12.2M, Adj EBITDA $26.8M (+27% YoY)
Net income $12.2M ($0.24/diluted share); Adj pro forma net income $11.3M ($0.25/fully diluted share).
Solaris Oilfield CAO Lindsay Bourg resigns; Christopher Wirtz appointed successor
Lindsay Bourg resigned as Chief Accounting Officer, effective June 16, 2023, with no disagreement cited.
Solaris shareholders approve LTIP share increase and officer exculpation charter amendment
LTIP amendment adds 4.7M shares (total 9,818,080) and extends plan to March 17, 2033; approved with 22.6M for, 14.6M against.
Solaris Q1 net income $11.9M, Adj EBITDA $25.1M (+60% YoY), dividend raised 5%
Net income $11.9M ($0.23/diluted share); adjusted pro forma $0.24/share.
Solaris adopts change-in-control severance plan for executives effective March 1, 2023
Plan covers CEO, named executive officers, and other key employees designated by Compensation Committee.
Net income $8.0M ($0.15/diluted share); adjusted pro forma net income $10.2M ($0.22/share).
Solaris Q3 net income $11.5M ($0.22/diluted); revenue $92.3M (+6% QoQ); EBITDA $23.9M (+14%)
Net income of $11.5M ($0.22/diluted share); adjusted pro forma net income $11.1M ($0.24/fully diluted).
Solaris Q2 net income $8.3M, revenue up 52% QoQ; raises growth capex guidance to $50-60M
Net income $8.3M ($0.16/diluted share); adj pro forma net income $9.4M ($0.20/share).
Elected Cynthia M. Durrett, W. Howard Keenan Jr., and Ray N. Walker Jr. as Class II directors; Keenan received 23.2M For vs 10.2M Withheld.
increased the size of the Board from nine (9) to ten (10) directors and in connection therewith appointed Mr. M. Max Yzaguirre as a Class I director
Concurrently with the effectiveness of Mr. Price’s retirement, William A. Zartler, the Company’s current Chief Executive Officer, began serving as the Company’s principal operating officer.
Kelly Price, the Company’s Chief Operating Officer and principal operating officer, retired from his position, effective as of December 31, 2024.
On October 3, 2024, the Company announced the retirement of Kelly Price, Chief Operating Officer, effective December 31, 2024
On May 25, 2023, Lindsay R. Bourg submitted her resignation as Chief Accounting Officer of Solaris Oilfield Infrastructure, Inc. (the “Company”).
Effective June 1, 2023, Christopher P. Wirtz was appointed by the Board of Directors of the Company to serve as Chief Accounting Officer of the Company and will begin his service immediately.
Max materiality 0.90 · Median 0.70 · Most common event earnings