v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Genco Acquisition
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class A Common Stock
Genco Acquisition
Common Stock
Class B Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Genco Acquisition
Retained Earnings
Non- controlling Interest
Non- controlling Interest
Genco Acquisition
Balance at beginning of period (in shares) at Dec. 31, 2024         38,013   29,107          
Balance at beginning of period at Dec. 31, 2024 $ 666,729       $ 359   $ 0 $ 337,598   $ 17,664 $ 311,108  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Stock-based compensation 3,452             1,918     1,534  
Net effect of deferred taxes related to the vesting of restricted stock 4,513             4,513        
Vesting of restricted stock 0       $ 9     5,726     (5,735)  
Grants of restricted stock, net of forfeitures (in shares)         722              
Cancelled shares withheld for taxes from vesting of restricted stock (in shares)         (297)              
Cancelled shares withheld for taxes from vesting of restricted stock (10,133)       $ (3)     (7,052)     (3,078)  
Distributions to non-controlling interest unitholders (4,696)                   (4,696)  
Dividends paid ($0.12 per share of Class A common stock) (4,686)                 (4,686)    
Other (81)             (81)        
Net income 12,968                 5,320 7,648  
Balance at end of period (in shares) at Mar. 31, 2025         38,438   29,107          
Balance at end of period at Mar. 31, 2025 668,066       $ 365   $ 0 342,622   18,298 306,781  
Balance at beginning of period (in shares) at Dec. 31, 2024         38,013   29,107          
Balance at beginning of period at Dec. 31, 2024 666,729       $ 359   $ 0 337,598   17,664 311,108  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 61,911                      
Balance at end of period (in shares) at Sep. 30, 2025         48,654   19,655          
Balance at end of period at Sep. 30, 2025 858,998       $ 467   $ 0 511,988   34,099 312,444  
Balance at beginning of period (in shares) at Mar. 31, 2025         38,438   29,107          
Balance at beginning of period at Mar. 31, 2025 668,066       $ 365   $ 0 342,622   18,298 306,781  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exchange of Solaris LLC units and Class B common stock for Class A common stock (in shares)         2,128   (2,128)          
Exchange of Solaris LLC units and Class B common stock for Class A common stock 0       $ 21     22,689     (22,710)  
Net effect of deferred taxes related to the exchange of Solaris LLC units and Class B common stock for Class A common stock and the vesting of restricted stock 5,009             5,009        
Stock-based compensation 5,368             3,102     2,266  
Vesting of restricted stock 0             98     (98)  
Grants of restricted stock, net of forfeitures (in shares)         36              
Cancelled shares withheld for taxes from vesting of restricted stock (in shares)         (4)              
Cancelled shares withheld for taxes from vesting of restricted stock (79)             (64)     (15)  
Distributions to non-controlling interest unitholders (3,237)                   (3,237)  
Capital contribution from non-controlling interest in Stateline 86,023                   86,023  
Dividends paid ($0.12 per share of Class A common stock) (4,868)                 (4,868)    
Other (88)             (88)        
Net income 24,129                 11,955 12,174  
Balance at end of period (in shares) at Jun. 30, 2025         40,598   26,979          
Balance at end of period at Jun. 30, 2025 780,323       $ 386   $ 0 373,368   25,385 381,184  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of Class A common stock (in shares)             696          
Issuance of Class A common stock 19,280                   19,280  
Transaction with non-controlling interest in connection with HVMVLV Acquisition 0             8,083     (8,083)  
Exchange of Solaris LLC units and Class B common stock for Class A common stock (in shares)         8,020   (8,020)          
Exchange of Solaris LLC units and Class B common stock for Class A common stock 0       $ 80     89,148     (89,228)  
Net effect of deferred taxes related to the exchange of Solaris LLC units and Class B common stock for Class A common stock and the vesting of restricted stock 37,599             37,599        
Stock-based compensation 5,437             3,635     1,802  
Stock option exercise (in shares)         4              
Vesting of restricted stock 0       $ 1     356     (357)  
Grants of restricted stock, net of forfeitures (in shares)         39              
Cancelled shares withheld for taxes from vesting of restricted stock (in shares)         (7)              
Cancelled shares withheld for taxes from vesting of restricted stock (258)             (201)     (57)  
Distributions to non-controlling interest unitholders (2,361)                   (2,361)  
Dividends paid ($0.12 per share of Class A common stock) (5,836)                 (5,836)    
Net income 24,814                 14,550 10,264  
Balance at end of period (in shares) at Sep. 30, 2025         48,654   19,655          
Balance at end of period at Sep. 30, 2025 858,998       $ 467   $ 0 511,988   34,099 312,444  
Balance at beginning of period (in shares) at Dec. 31, 2025     53,081 15,386 53,081   15,386          
Balance at beginning of period at Dec. 31, 2025 827,251       $ 510   $ 0 537,754   26,074 262,913  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of Class A common stock (in shares)           4,183            
Issuance of Class A common stock   $ 238,377       $ 42     $ 177,773     $ 60,562
Net effect of deferred taxes related to the issuance of Class A common stock   $ 4,485             $ 4,485      
Exchange of Solaris LLC units and Class B common stock for Class A common stock (in shares)         246   (246)          
Exchange of Solaris LLC units and Class B common stock for Class A common stock 0       $ 3     3,807     (3,810)  
Net effect of deferred taxes related to the exchange of Solaris LLC units and Class B common stock for Class A common stock and the vesting of restricted stock 19,322             19,322        
Stock-based compensation 6,713             5,174     1,539  
Vesting of restricted stock 0       $ 8     3,416     (3,424)  
Vesting of restricted stock units (in shares)         368              
Vesting of restricted stock units 0       $ 4     (4)        
Grants of restricted stock, net of forfeitures (in shares)         752              
Cancelled shares withheld for taxes from vesting of restricted stock (in shares)         (288)              
Cancelled shares withheld for taxes from vesting of restricted stock (14,306)       $ (3)     (11,816)     (2,487)  
Distributions to non-controlling interest unitholders (2,293)                   (2,293)  
Dividends paid ($0.12 per share of Class A common stock) (6,922)                 (6,922)    
Net income 32,055                 21,438 10,617  
Balance at end of period (in shares) at Mar. 31, 2026         58,342   15,140          
Balance at end of period at Mar. 31, 2026 1,104,682       $ 564   $ 0 739,911   40,590 323,617  
Balance at beginning of period (in shares) at Dec. 31, 2025     53,081 15,386 53,081   15,386          
Balance at beginning of period at Dec. 31, 2025 827,251       $ 510   $ 0 537,754   26,074 262,913  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 96,571                      
Balance at end of period (in shares) at Sep. 30, 2026     69,420 10,735 69,420   10,735          
Balance at end of period at Sep. 30, 2026 1,592,096       $ 674   $ 0 1,194,121   79,818 317,483  
Balance at beginning of period (in shares) at Mar. 31, 2026         58,342   15,140          
Balance at beginning of period at Mar. 31, 2026 1,104,682       $ 564   $ 0 739,911   40,590 323,617  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exchange of Solaris LLC units and Class B common stock for Class A common stock (in shares)         4,405   (4,405)          
Exchange of Solaris LLC units and Class B common stock for Class A common stock 0       $ 44     70,314     (70,358)  
Net effect of deferred taxes related to the exchange of Solaris LLC units and Class B common stock for Class A common stock and the vesting of restricted stock 28,114             28,114        
Stock-based compensation 11,772             9,796     1,976  
Vesting of restricted stock 0             48     (48)  
Grants of restricted stock, net of forfeitures (in shares)         72              
Cancelled shares withheld for taxes from vesting of restricted stock (in shares)         (5)              
Cancelled shares withheld for taxes from vesting of restricted stock (409)             (359)     (50)  
Distributions to non-controlling interest unitholders (1,292)                   (1,292)  
Dividends paid ($0.12 per share of Class A common stock) (7,532)                 (7,532)    
Net income 25,232                 20,486 4,746  
Balance at end of period (in shares) at Jun. 30, 2026         62,814   10,735          
Balance at end of period at Jun. 30, 2026 1,160,567       $ 608   $ 0 847,824   53,544 258,591  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of Class A common stock (in shares)         6,480              
Issuance of Class A common stock 390,164       $ 65     336,331     53,768  
Net effect of deferred taxes related to the exchange of Solaris LLC units and Class B common stock for Class A common stock and the vesting of restricted stock (1,769)             (1,769)        
Stock-based compensation 14,752             12,665     2,087  
Vesting of restricted stock 0       $ 1     237     (238)  
Grants of restricted stock, net of forfeitures (in shares)         147              
Cancelled shares withheld for taxes from vesting of restricted stock (in shares)         (21)              
Cancelled shares withheld for taxes from vesting of restricted stock (1,288)             (1,167)     (121)  
Distributions to non-controlling interest unitholders (1,288)                   (1,288)  
Dividends paid ($0.12 per share of Class A common stock) (8,326)                 (8,326)    
Net income 39,284                 34,600 4,684  
Balance at end of period (in shares) at Sep. 30, 2026     69,420 10,735 69,420   10,735          
Balance at end of period at Sep. 30, 2026 $ 1,592,096       $ 674   $ 0 $ 1,194,121   $ 79,818 $ 317,483