Solaris Energy Infrastructure, Inc. · NYSE:SEI
Solaris Energy Infrastructure — Q1 2026 Earnings Presentation
15 slides from Solaris Energy Infrastructure's earnings presentation, Apr 28, 2026
Slide 1: Q1 2026 Earnings Supplement
Solaris Energy Infrastructure, Inc. Q1 2026 Earnings Supplement April 27, 2026
Slide 2: Recent Updates and Q1 2026 Highlights
Solaris Energy Infrastructure Secured Third Long-Term Power Contract with a New Global Technology Customer New commercial contract for >600 MW + balance of plant for a minimum term Recent Updates and of 10 years (plus a 5-year option) to support data center compute needs beginning in late 2026 and s
Slide 3: Consolidated Financial Results Summary
Solaris Energy Infrastructure Consolidated Financial Results Summary Total Revenue Total Adjusted EBITDA (1) Pro Forma Adjusted EPS (1) Dollars in millions Dollars in millions YoY YoY YoY $84 $0.44 $196 $126 $47 $0.20 1Q25 1Q26 1Q25 1Q26 1Q25 1Q26 QoQ QoQ QoQ $196 $84 $0.44 $69 $0.35 $180 4Q25 1Q26
Slide 4: Solaris is a BTM Partner of Choice for Global Technology Leaders
Solaris Energy Infrastructure Solaris is a BTM Partner of Choice for Global Technology Leaders 2,000+ MW Multi-Year Partnerships with Global Technology Leaders On April 24, 2026, SEI entered into a new long-term contract to provide power to support our customer data center compute needs. Contract A
Slide 5: Rapid Growth as a Premier Power Solutions Company
Solaris Energy Infrastructure Rapid Growth as a Premier Power Solutions Company Early Mover Advantage in Addressing Nascent and Rapidly Expanding Market Opportunity Expected Power Capacity Growth Illustrative Adjusted EBITDA Pro Forma Potential (4) (MW) ($ millions) Future Potential Future Potential
Slide 6: Recent Contracts Highlight Balance of Plant Opportunity
Solaris Energy Infrastructure Recent Contracts Highlight Balance of Plant Opportunity Turnkey Power Model Drives Higher Capital Investment and Return Opportunity at Extended Tenor Example Invested Capital Ranges Illustrative Annual Adjusted EBITDA (3) ($ millions) ~$5,000 ($ millions) ~$1,200-1,250
Slide 7: Current Capital Plan: Growth to 3,100 MW Operated Fleet by 2029
Solaris Energy Infrastructure Current Capital Plan: Growth to 3,100 MW Operated Fleet by 2029 Expected Remaining Consolidated Capex ($ millions) Actual Forecast Forecast Q1 2026 Q2 2026 Q3 2026 Q4 2026 2026 2027 2028 2029 Consolidated Capex (1) $343 $490 $315 $115 $1,263 $425 $300 $240 (-) Total JV
Slide 8: Financial Guidance: Q2 and Q3 2026
Solaris Energy Infrastructure Financial Guidance: Q2 and Q3 2026 ($ and shares in millions) Q1 2026 Actual Q2 2026 Guidance Q3 2026 Guidance Power Solutions Adjusted EBITDA $72 $72-81 Logistics Solutions Adjusted EBITDA $23 $22-24 Corporate and Other Expense ($11) ($12-13) ($12-13) Total Adjusted EB
Slide 9: Debt Capitalization Summary: Current and Fully Deployed JV Capacity
Solaris Energy Infrastructure Debt Capitalization Summary: Current and Fully Deployed JV Capacity ($ in millions) Annual Pro Forma Potential w/Fully Interest Rate Notional Balance at 3/31/26 Deployed JV Capacity (1) Convertible Notes due 2030 ($26.39 conversion price) 4.75% $155 $155 Convertible Not
Slide 10: Capitalization Options for Valuation Purposes
Solaris Energy Infrastructure Capitalization Options for Valuation Purposes Option 1: Treat Convertible Option 2: Treat Convertible ($ and shares in millions) Notes as Debt Notes as Shares Debt Convertible Notes due 2030 ($26.39 conversion price) $155 - Convertible Notes due 2031 ($57.20 conversion
Slide 11: Appendix
Solaris Energy Infrastructure Appendix solaris-energy.com 11
Slide 12: EBITDA and Adjusted EBITDA Reconciliation
Solaris Energy Infrastructure EBITDA and Adjusted EBITDA Reconciliation Three months ended, Twelve months ended December 31, ($ in 000s) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 2025 2024 2023 Net income $32,055 ($3,509) $24,814 $24,129 $58,402 $28,918 $38,775 Depreciation a
Slide 13: Adjusted Pro Forma Net Income and Adjusted Pro Forma EPS Reconciliation
Solaris Energy Infrastructure Adjusted Pro Forma Net Income and Adjusted Pro Forma EPS Reconciliation Three Months Ended March 31, 2026 March 31, 2025 December 31, 2025 Numerator: Net income (loss) attributable to Solaris $21,438 $5,320 ($1,656) Adjustments: Reallocation of net income (loss) attribu
Slide 14: Disclaimer
Solaris Energy Infrastructure Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking state
Slide 15: solaris-energy.com
Solaris Energy Infrastructure solaris-energy.com Follow us on LinkedIn Solaris Energy Infrastructure Follow us on LinkedIn 9651 Katy Freeway, Suite 300 Houston, Texas 77024 solaris-energy.com 15
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