Solaris Energy Infrastructure, Inc. · NYSE:SEI
Solaris Energy Infrastructure — Q3 2026 Earnings Presentation
16 slides from Solaris Energy Infrastructure's earnings presentation, Nov 4, 2026
Slide 1: Solaris Energy Infrastructure Q3 2026 Earnings Supplement
Solaris Energy Infrastructure, Inc. Q3 2026 Earnings Supplement November 4, 2026 1
Slide 2: Recent Updates
Solaris Energy Infrastructure Q3 2026 Consolidated Adjusted EBITDA (1) of $136 Million, Up 26% Sequentially New 15-Year Power Contract for 900 MW, Plus Balance of Plant Recent Updates - Up to a 30-year tenor (initial 15-year term beginning in 2027, 15-year option period) with an existing leading, in
Slide 3: Consolidated Financial Results Summary
Solaris Energy Infrastructure Consolidated Financial Results Summary Total Revenue Total Adjusted EBITDA (1) Pro Forma Adjusted EPS (1) Dollars in millions Dollars in millions YoY YoY YoY QoQ QoQ QoQ 1) Non-GAAP financial metric. Please see the Appendix for a reconciliation to the nearest GAAP metri
Slide 4: Consistent Execution Delivers Higher Long-Term Outlook
Solaris Energy Infrastructure Consistent Execution Delivers Higher Long-Term Outlook Quarterly Total Consolidated Adjusted EBITDA (1) Progression ($ millions) Full Deployment ~ $450 Guidance Midpoint $240 $175 $136 $22 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 1Q27 Fully~2029 Deployed quarte
Slide 5: Contracted Revenue Drives Significant Multi-Year Earnings Growth and Visibility
Solaris Energy Infrastructure Contracted Revenue Drives Significant Multi-Year Earnings Growth and Visibility Fully Funded Contracted Run-Rate Contracted EBITDA + Illustrative Potential Annual Adjusted EBITDA at 3.5 GW Full Deployment (1,2,3) Upside Potential ($ millions) ~$1,780+ ~$1,630+ Non-Owned
Slide 6: Current Long-Term Projects Snapshot With More In the Pipeline
Solaris Energy Infrastructure Current Long-Term Projects Snapshot With More In the Pipeline Current + Planned Investments in Power at Mid-to-High Teens Return on Capital New Contracted EBITDA + Illustrative Potential Annual Contract D Contract C Hatchbo Stateline Power Other Contracts Adjusted EBITD
Slide 7: Solidifying Partnerships with Global Industry Leaders with Scale and Duration
Solaris Energy Infrastructure Solidifying Partnerships with Global Industry Leaders with Scale and Duration 3,200+ MW Under Long-Term Contract with Leading Technology and Industrial Companies Increase in Solaris’ Weighted Average Power Contract Tenor New 11 years 9 years + Contract D (Investment Gra
Slide 8: Fully Funded Current Capital Plan: Growth to 3,500 MW
Solaris Energy Infrastructure Fully Funded Current Capital Plan: Growth to 3,500 MW and Contracted Enhanced Scope Remaining Consolidated and Net Capex (1,2) ($ millions) Actual Forecast Forecast Forecast Forecast Q3 2026 Q4 2026 2027 2028 2029 Consolidated Capex (3) $547 $1,035 $1,315 $360 $160 (-)
Slide 9: Financial Guidance: Q4 2026 and Q1 2027
Solaris Energy Infrastructure Financial Guidance: Q4 2026 and Q1 2027 ($ and shares in millions) Q3 2026 Actual Q4 2026 Guidance Q1 2027 Guidance Power Solutions Adjusted EBITDA $127 $155-175 Logistics Solutions Adjusted EBITDA $24 $24-26 Corporate and Other Expense ($15) ($15-16) ($19-21) Total Adj
Slide 10: Debt Capitalization Summary: Current and Pro Forma
Solaris Energy Infrastructure Debt Capitalization Summary: Current and Pro Forma for New Senior Notes and Fully Deployed JV ($ in millions) Annual Notional Pro Forma for Senior Notes Interest Rate Notional Balance as of 9/30/2026 Issuance and Fully Deployed JV (1,2) Convertible Notes due 2030 ($26.3
Slide 11: Capitalization Options for Valuation Purposes
Solaris Energy Infrastructure Capitalization Options for Valuation Purposes Option 1: Treat Convertible Option 2: Treat Convertible ($ and shares in millions) Notes as Debt Notes as Shares Debt Convertible Notes due 2030 ($26.39 conversion price) $155 — Convertible Notes due 2031 ($57.20 conversion
Slide 12: Appendix
Solaris Energy Infrastructure Appendix solaris- 12 solaris-energy.com energy.com
Slide 13: EBITDA and Adjusted EBITDA Reconciliation
Solaris Energy Infrastructure EBITDA and Adjusted EBITDA Reconciliation Three months ended, Twelve months ended December 31, ($ in 000s) September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 2025 2024 2023 Net income $ 39,284 $ 25,232 $ 32,055 $ (3,509) $ 58,402 $ 28,918 $ 38,775 Depreci
Slide 14: 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, September 30, 2026 June 30, 2026 September 30, 2025 Numerator: Net Income (loss) attributable to Solaris $ 34,600 $ 20,486 $ 14,550 Adjustments: Reallocation of net income (loss)
Slide 15: 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 16: solaris-energy.com
Solaris Energy Infrastructure Solaris Energy Infrastructure solaris-energy.com Follow us on LinkedIn 9651 Katy Freeway, Suite 300 Houston, Texas 77024 solaris- 16 energy.com
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