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SEI

Solaris Energy Infrastructure, Inc.

SEI

Solaris Energy Infrastructure, Inc. • NYSE
$48.62 ▲ 4.27% (+1.99)
Market Cap $3.49 B
52w High $57.16
52w Low $14.27
Dividend Yield 0.48%
P/E 51.72
Volume 1.10M
Outstanding Shares 71.78M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $166.843M ▲ $17.772M ▲ $13.982M ▲ 8.38% ▲ $0.319 ▲ $60.268M ▲
Q2-2025 $149.328M ▲ $14.62M ▼ $11.955M ▲ 8.006% ▲ $0.3 ▲ $54.191M ▲
Q1-2025 $126.332M ▲ $16.503M ▲ $5.32M ▼ 4.211% ▼ $0.14 ▼ $42.119M ▼
Q4-2024 $96.297M ▲ $1.85M ▼ $6.251M ▲ 6.491% ▲ $0.2 ▲ $42.467M ▲
Q3-2024 $75.018M $11.804M $-968K -1.29% $-0.04 $12.173M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $99.626M ▲ $1.473B ▲ $692.407M ▲ $399.139M ▲
Q1-2025 $16.722M ▼ $1.13B ▲ $461.724M ▲ $361.285M ▲
Q4-2024 $114.255M ▲ $1.123B ▲ $456.152M ▲ $355.621M ▲
Q3-2024 $18.634M ▲ $939.487M ▲ $446.112M ▲ $221.69M ▲
Q2-2024 $5.059M $457.764M $140.581M $204.601M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $24.129M ▲ $24.181M ▼ $-192.676M ▼ $290.815M ▲ $122.32M ▲ $-160.943M ▼
Q1-2025 $5.063M ▼ $25.722M ▲ $-144.323M ▼ $-24.544M ▼ $-143.145M ▼ $-118.608M ▼
Q4-2024 $14.004M ▲ $13.1M ▲ $-115.083M ▲ $145.309M ▼ $43.326M ▼ $-113.551M ▼
Q3-2024 $-2.21M ▼ $10.516M ▼ $-186.309M ▼ $287.275M ▲ $111.482M ▲ $-47.231M ▼
Q2-2024 $9.824M $18.876M $-292K $-16.949M $1.635M $18.213M

Five-Year Company Overview

Income Statement

Income Statement SEI has moved from being a money-losing niche oilfield service provider to a consistently profitable energy infrastructure company. Revenue has grown meaningfully from its pandemic-era lows and has largely held onto those gains, even with some year-to-year noise. Margins have steadily improved as the business scales and higher-value services (like power solutions) become a larger share. Operating profit has shifted from losses to solid, repeatable profits, and net income has stayed in the black for several years now, though earnings per share have been a bit volatile, likely reflecting one‑offs, mix shifts, or changes in share count. Overall, the income statement shows a business that has successfully turned the corner to sustainable profitability, but is not yet a high-margin cash machine and remains in an investment-heavy growth phase.

Balance Sheet

Balance Sheet The balance sheet has transformed from a relatively simple, light-asset structure into a much larger, more capital-intensive platform. Total assets have more than doubled recently, reflecting big investments in equipment and acquisitions to support the power solutions strategy. Cash on hand has improved from a very thin cushion to something more comfortable, but this came alongside a sharp increase in debt, which introduces higher financial risk and interest costs. Shareholders’ equity has grown as well, which is a positive sign of accumulated value, but leverage is clearly higher than in prior years. In short, SEI now has a stronger operational asset base to grow from, but with a more stretched balance sheet that needs careful management.

Cash Flow

Cash Flow SEI’s core operations have been consistently generating cash, which suggests the underlying businesses are economically sound. However, the company is spending heavily on growth projects, especially new power generation assets, which turns free cash flow negative in the most recent year. Earlier years show a pattern of modest but positive free cash flow when investment is more restrained, and cash consumption when growth accelerates. This is typical for a company shifting into a capital-heavy, infrastructure-like model: operating cash covers the day-to-day, but expansion requires meaningful outlays that may lean on debt or equity. The key question going forward is whether these investments translate into stable, contract-backed cash flows that more than offset today’s cash burn.

Competitive Edge

Competitive Edge SEI has a relatively strong competitive position in its original logistics segment and a developing, but less entrenched, position in power solutions. In logistics, the company benefits from a portfolio of patents, specialized all-electric equipment, safety and dust-control advantages, and integrated software and services. This combination creates real switching costs and technical differentiation in an industry that often competes on cost alone. In power solutions, the moat is thinner because the underlying turbine technology is not proprietary and large industrial players also operate in this space. SEI’s edge here comes from speed of deployment, mobile configuration, experience in managing equipment in harsh field environments, and a growing reputation with data center customers needing fast, reliable power where the grid is constrained. Overall, the company has a clear niche and good customer value proposition, but faces larger competitors and must execute very well to defend and deepen its position, particularly in power.

Innovation and R&D

Innovation and R&D Innovation is a central pillar of SEI’s strategy. The company has already differentiated itself in oilfield logistics through patented, automated, electric systems that improve safety, reduce emissions, and streamline on-site operations. It continues to refine these offerings, including newer sand loading and fluid management solutions and more capable logistics and inventory software. On the power side, SEI is innovating less in core turbine technology and more in how systems are packaged, controlled, monitored, and serviced as a turnkey solution. The acquisition of a power controls and distribution firm indicates a push toward more integrated, technically advanced offerings rather than simple equipment rentals. The main risks around innovation are execution and legal: heavy investment must translate into durable customer relationships and high utilization, and the securities lawsuit related to the Mobile Energy Rentals deal adds uncertainty around governance and integration. Still, the overall trajectory shows a company actively using engineering, software, and smart packaging of technology to create differentiated services in both oilfield and digital-power markets.

Summary

SEI is evolving from a specialized oilfield logistics company into a broader energy infrastructure provider focused on mobile, lower-emission power for data centers and other high-demand users. Financial performance has improved significantly from the downturn years: revenue is higher, profitability has become consistent, and operations generate cash. At the same time, the business is taking on more complexity and risk. The balance sheet is now more leveraged, capital spending is heavy, and free cash flow is under pressure as the company builds out its power fleet. Competitively, SEI enjoys a solid moat in logistics through patents and integrated services, and an early-mover position in distributed power, though it faces strong, well-capitalized competitors in that arena. Innovation and acquisitions are central to the strategy, creating both meaningful upside and real execution and legal risks. Overall, SEI looks like a company in the middle of a major strategic scale-up: its prospects are tied to its ability to turn current investments and early contracts into long-duration, high-utilization cash flows while managing leverage, litigation, and competition carefully.

NEWS

November 12, 2025 · 9:00 AM UTC

SEI Expands Tax Management and Overlay Capabilities

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November 3, 2025 · 4:14 PM UTC

Solaris Energy Infrastructure Announces Third Quarter 2025 Results, Updated Earnings Guidance, Continued Shareholder Returns, and Power Solutions Growth Update

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October 29, 2025 · 9:00 AM UTC

Clermont Trust USA Goes Live on the SEI Wealth Platform

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October 24, 2025 · 4:25 PM UTC

SEI Increases Stock Share Repurchase Program by $650 Million

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October 22, 2025 · 4:01 PM UTC

SEI Reports Third-Quarter 2025 Financial Results

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