Summary of Significant Accounting Policies (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash |
The following table presents a reconciliation of cash, cash equivalents and restricted cash reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows. | | | | | | | | | | | | | September 30,
2026 | | December 31,
2025 | | Cash and cash equivalents | $ | 399.5 | | | $ | 353.3 | | | Restricted cash, current portion | 6.0 | | | — | | | Restricted cash, net of current portion | 92.5 | | | — | | | Cash, cash equivalents and restricted cash | $ | 498.0 | | | $ | 353.3 | |
|
| Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash |
The following table presents a reconciliation of cash, cash equivalents and restricted cash reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows. | | | | | | | | | | | | | September 30,
2026 | | December 31,
2025 | | Cash and cash equivalents | $ | 399.5 | | | $ | 353.3 | | | Restricted cash, current portion | 6.0 | | | — | | | Restricted cash, net of current portion | 92.5 | | | — | | | Cash, cash equivalents and restricted cash | $ | 498.0 | | | $ | 353.3 | |
|
| Schedule of Allowance for Credit Losses |
The following table presents activity related to our allowance for credit losses and uncollectible operating lease receivables. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Balance at beginning of period | $ | 0.7 | | | $ | 1.1 | | | $ | 1.7 | | | $ | 1.3 | | | Provision for (recovery of) credit losses, net | 1.0 | | | 0.3 | | | 0.6 | | | 0.9 | | | Provision for uncollectible operating lease receivables | — | | | 0.1 | | | 0.2 | | | 0.1 | | | Write-offs | — | | | — | | | (0.8) | | | (0.8) | | | Balance at end of period | $ | 1.7 | | | $ | 1.5 | | | $ | 1.7 | | | $ | 1.5 | |
|
| Schedule of Useful Life of Property, Plant and Equipment and Equipment held for Lease |
| | | | | | | Useful Life | | Equipment held for lease | | | Power Generation - Turbine | 25 years | | Power Generation - Turbine engine core | 30,000 fired hours | | Power Generation - Ancillary equipment | 3 - 20 years | | Power control and distribution equipment | 15 years | | | | Property, plant and equipment | | | Oil and gas logistics equipment | 5 - 15 years | | Machinery and equipment | 3 - 12 years | Construction equipment | 7 years | | Furniture and fixtures | 5 years | | Computer hardware and software | 3 - 10 years | | Vehicles | 3 - 5 years | | Buildings and leasehold improvements | 15 years |
|
| Schedule of Inventory |
Inventories consisted of the following: | | | | | | | | | | | | | September 30,
2026 | | December 31,
2025 | | Parts and supplies | $ | 17.0 | | | $ | 5.9 | | | Raw materials | 35.2 | | | 9.8 | | | | | | | | | | | Total inventories | $ | 52.2 | | | $ | 15.7 | | | Less: non-current portion of inventories | (1.5) | | | (1.3) | | | Inventories, current portion | $ | 50.7 | | | $ | 14.4 | |
|
| Schedule of Carrying amount of Goodwill by Reportable Segment |
The following table presents the changes in the carrying amount of goodwill by reportable segment. | | | | | | | | | | | | | | | | | | | Solaris Power Solutions | | Solaris Logistics Solutions | | Total | | Balance at December 31, 2025 | $ | 92.4 | | | $ | 13.0 | | | $ | 105.4 | | | Acquisition of GESA | 169.5 | | | — | | | 169.5 | | | Acquisition of Omega | 110.9 | | | — | | | 110.9 | | | Balance at September 30, 2026 | $ | 372.8 | | | $ | 13.0 | | | $ | 385.8 | |
|
| Schedule of Balances Arising From Contracts with Customers |
The following table presents the balances arising from contracts with customers under ASC 606: | | | | | | | | | | | | | September 30,
2026 | | December 31,
2025 | | Accounts receivable from contracts with customers | $ | 217.5 | | | $ | 64.3 | | | Contract assets | 46.0 | | | 11.7 | | | Contract liabilities - current | 87.0 | | | — | |
|
| Schedule of Future Minimum Operating Lease Payments to be Received |
Future minimum lease payments to be received under our long-term lessor arrangements as of September 30, 2026, including payments from leases that have already commenced and leases that will commence in the future based on estimated commencement dates, were as follows: | | | | | | | Year Ending December 31, | Future Lease Payments to be Received | | 2026 (remainder of) | $ | 127.5 | | | 2027 | 801.0 | | | 2028 | 820.6 | | | 2029 | 805.0 | | | 2030 | 800.8 | | | Thereafter | 3,396.6 | | | Total | $ | 6,751.5 | |
|
| Schedule of Disaggregated Revenues from Contracts |
The table below presents information on our disaggregated revenue. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Solaris Power Solutions | | | | | | | | | Leasing revenue | $ | 90.6 | | | $ | 82.4 | | | $ | 301.7 | | | $ | 183.4 | | | Service revenue | 142.3 | | | 22.2 | | | 214.8 | | | 45.0 | | | Product sales | 51.3 | | | 0.3 | | | 54.6 | | | 1.5 | | | Solaris Logistics Solutions | | | | | | | | | Service revenue | 56.9 | | | 61.9 | | | 185.6 | | | 212.6 | | | Total revenue | $ | 341.1 | | | $ | 166.8 | | | $ | 756.7 | | | $ | 442.5 | |
|