Solaris Energy Infrastructure Inc-A 2025年季度报告

Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☒ Emerging growth company☐If an emerging growth company indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of PARTI:FINANCIAL INFORMATION Item2. iManagement’s Discussion and Analysis of Financial Condition and Results ofOperationsItem3.Quantitative and Qualitative Disclosures about Market RiskItem4.Controls and ProceduresPARTII: OTHER INFORMATIONItem1.Legal ProceedingsItem1A.Risk FactorsItem2.Unregistered Sales of Equity Securities and Use of ProceedsItem3.Defaults upon Senior SecuritiesItem4.Mine Safety DisclosuresItem5.Other InformationItem 6.ExhibitsSIGNATURES “Exchange Act”), which involve risks, uncertainties and assumptions. Statements that are predictivein nature, that depend upon or refer to future events or conditions or that include the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “could,” “may,” “continue,” “predict,” “potential,”“plan,” “will,” “should” and other expressions that are predictions of or indicate future events andtrends and that do not relate to historical matters identify forward-looking statements. Our forward-looking statements include statements about our business strategy, industry, future profitability,expected capital expenditures and the impact of such expenditures on our performance, managementchanges, current and potential future long-term contracts, the costs of being a publicly tradedcorporation, our capital programs and our future business and financial performance. In addition, ourforward-looking statements address the various risks and uncertainties associated with extraordinary statements. You should also understand that it is not possible to predict or identify all such factors andshould not consider the following list to be a complete statement of all potential risks anduncertainties. Factors that could cause our actual results to differ materially from the resultscontemplated by such forward-looking statements include: future actions of oil producers, including the members of the Organization of the PetroleumExporting Countries (OPEC) and Russia and the actions taken to set, maintain or cutproduction levels;●changes in tariffs, trade barriers, price and exchange controls and other regulatoryrequirements, and the impact of such policies on us, our customers and the global economicenvironment;●the success of the Stateline joint venture (as defined in Note 16. Subsequent Events) and itsimpact on the financial condition and results of operations of our Solaris Power Solutionssegment;●developments and uncertainty in the global economy and the resulting impacts to the Three Months Ended Solaris Logistics Solutions$77.0Solaris Power Solutions49.3 Total revenues Capital expendituresSolaris Logistics Solutions Solaris Power Solutions142.0—Total segment capital expenditures$144.2$3.2Corporate capital expenditures0.10.2Consolidated capital expenditures$144.3$3.4 Solaris Power SolutionsTotal segment adjusted EBITDA The financial information by business segment for prior periods has been restated to reflect thechanges in reportable segments following the MER acquisition in September 2024. Three Months EndedMarch31,20252024 Provision for credit losses Other (2)(0.6)(0.6)Income before income tax expense$16.9$9.2(1)Corporate expenses include corporate employee salaries and expenses, headquarter office (2)Other includes the net effect of loss/gain on disposal of assets and lease terminations,inventory write-offs and transaction costs. 9 March31, and liabilities at the reporting date, as well as the reported amounts of revenues and expenses duringthe reporting period. Actual results could differ from those estimates. industry as a whole, and apply an expected loss percentage. The expected credit loss percentage isdetermined using historical loss data adjusted for current conditions and forecasts of future economic conditions. Along with the expected credit loss percentage approach, we apply a case-by-case reviewon individual trade receivables when deemed appropriate. The related expense associated with therecognition of the allowance for credit losses was included in other operating expense on ourcondensed consolidated statements of operations. Adjustments to the allowance may be required Equipment held for lease Property, plant and equipment Furniture and fixtures Computer hardware and software3-10 yearsVehicles5 yearsBuildings and leasehold improvements15 yearsExpenses for maintenance and repairs are charged to operations as incurred, while bettermentsthat increase the value or significantly extend the life of the related assets are capitalized. When assetsare sold or disposed of, the related cost and accumulated depreciation are removed from the undiscounted future cash flows. If the carrying amount ex