Solaris Energy Infrastructure, Inc. reported a strong first quarter for 2025, with revenues reaching $126 million, marking a sequential increase of 31% from the fourth quarter of 2024. This growth was driven by increased activity in Solaris Power Solutions and Solaris Logistics Solutions. The company's net income for the quarter was $13 million, translating to $0.14 per diluted Class A share. Additionally, the adjusted pro forma net income was $14 million, with earnings per fully diluted share at $0.20. Total Adjusted EBITDA for the quarter rose by over 25% from the previous quarter to $47 million. A significant business update includes the finalization of a joint venture with a major data center client, resulting in the formation of Stateline Power, LLC. This joint venture has increased its power generation capacity to approximately 900 megawatts, up from the initially announced 500 megawatts, and extended the contract duration to seven years. Solaris Power Solutions reported an average capacity of 390 megawatts earning revenue in the first quarter and anticipates further growth to an average of 440 megawatts and 520 megawatts in the second and third quarters of 2025, respectively.
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