v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Leasing revenue $ 105,718 $ 61,893 $ 211,082 $ 100,999
Service revenue 113,682 87,435 204,557 174,661
Total revenue 219,400 149,328 415,639 275,660
Operating costs and expenses:        
Cost of leasing revenue, excluding depreciation 41,467 25,226 89,153 40,777
Cost of services, excluding depreciation and amortization 51,658 54,023 102,737 106,182
Non-leasing depreciation and amortization 13,150 12,240 25,290 25,026
Depreciation of leasing equipment 26,368 6,137 38,986 13,415
Selling, general and administrative 30,010 14,899 50,890 30,173
Other operating expenses, net 234 1,234 1,511 2,463
Total operating costs and expenses 162,887 113,759 308,567 218,036
Operating income 56,513 35,569 107,072 57,624
Interest expense (16,917) (7,007) (21,691) (13,210)
Interest income 5,452 1,525 8,206 2,557
Loss on debt extinguishment (14,826) 0 (16,084) 0
Income before income tax expense 30,222 30,087 77,503 46,971
Provision for income taxes (4,990) (5,958) (20,216) (9,874)
Net income 25,232 24,129 57,287 37,097
Less: net income related to non-controlling interests (4,746) (12,174) (15,363) (19,822)
Net income attributable to Solaris Energy Infrastructure, Inc. 20,486 11,955 41,924 17,275
Less: income attributable to participating securities (633) (553) (1,381) (825)
Class A common stock        
Operating costs and expenses:        
Net income attributable to Class A common shareholders $ 19,853 $ 11,402 $ 40,543 $ 16,450
Earnings per share of Class A common stock - basic (in dollars per share) $ 0.34 $ 0.30 $ 0.73 $ 0.44
Earnings per share of Class A common stock - diluted (in dollars per share) $ 0.26 $ 0.30 $ 0.57 $ 0.44
Basic weighted-average shares of Class A common stock outstanding (in shares) 59,205,708 37,818,102 55,707,920 37,001,762
Diluted weighted-average shares of Class A common stock outstanding (in shares) 78,979,255 37,818,102 75,321,855 37,001,762