| Earnings Per Share |
Earnings Per Share Basic earnings per share of Class A common stock is computed by dividing net income attributable to Class A shareholders by the weighted-average number of shares of Class A common stock outstanding during the same period. Diluted earnings per share is computed giving effect to all potentially dilutive shares. The following table sets forth the calculation of basic and diluted earnings per share, or EPS, for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator (in millions) | | | | | | | | | | Net income attributable to Solaris Energy Infrastructure, Inc. | | $ | 20.5 | | | $ | 12.0 | | | $ | 41.9 | | | $ | 17.3 | | Less: income attributable to participating securities (1) | | (0.6) | | | (0.6) | | | (1.4) | | | (0.8) | | | Net income attributable to Class A shareholders - basic | | $ | 19.9 | | | $ | 11.4 | | | $ | 40.5 | | | $ | 16.5 | | | Convertible notes interest charge, net of tax | | 0.6 | | | — | | | 2.8 | | | — | | | | | | | | | | | | Net income attributable to common stockholders - diluted | | $ | 20.5 | | | $ | 11.4 | | | $ | 43.3 | | | $ | 16.5 | | | | | | | | | | | | Denominator | | | | | | | | | | Basic weighted average shares of Class A common stock outstanding | | 59,205,708 | | 37,818,102 | | 55,707,920 | | 37,001,762 | | Effect of dilutive securities: | | | | | | | | | | Dilutive convertible notes | | 18,941,057 | | — | | 18,941,057 | | — | | Performance-based restricted stock units | | 832,490 | | — | | 672,878 | | — | | | | | | | | | | | Diluted weighted average shares of Class A common stock outstanding | | 78,979,255 | | 37,818,102 | | 75,321,855 | | 37,001,762 | | | | | | | | | | | Earnings per share of Class A common stock - basic | | $ | 0.34 | | | $ | 0.30 | | | $ | 0.73 | | | $ | 0.44 | | | Earnings per share of Class A common stock - diluted | | $ | 0.26 | | | $ | 0.30 | | | $ | 0.57 | | | $ | 0.44 | |
(1)The Company’s unvested restricted stock awards are participating securities because they entitle the holders to non-forfeitable rights to dividends until the awards vest or are forfeited. The following weighted-average potentially dilutive shares were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Class B common stock | 12,416,718 | | 27,873,211 | | 13,874,121 | | 28,486,572 | | Convertible notes | — | | 3,807,697 | | — | | 1,914,367 | | Restricted stock awards | 1,908,238 | | 1,857,801 | | 1,914,544 | | 1,917,680 | | Performance-based restricted stock units | 463,033 | | 644,532 | | 232,796 | | 642,511 | | Stock options | — | | 4,922 | | — | | 4,977 | | Total | 14,787,989 | | 34,188,163 | | 16,021,461 | | 32,966,107 |
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