Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Earnings Per Share Calculation

The following table presents the calculation of basic and diluted EPS for the years ended December 31, 2025, 2024 and 2023:


	Year Ended December 31,
Earnings per share:	2025		2024		2023
Numerator
Net income attributable to Solaris Energy Infrastructure Inc.	$	30.2	$	15.8	$	24.3
Less income attributable to participating securities	(1.3)		(1.0)		(1.1)
Net income attributable to common stockholders - basic	$	28.9	$	14.8	$	23.2
Convertible notes interest charge, net of tax	3.8		—		—
Net income attributable to common stockholders - diluted	$	32.7	$	14.8	$	23.2

Denominator
Basic weighted average shares of Class A common stock outstanding	41,858,735		28,763,187		29,693,422
Effect of dilutive securities:
Dilutive convertible notes	6,917,364		—		—
Performance-based restricted stock units	744,258		466,977		—
Stock options	—		4,982		—
Diluted weighted-average shares of Class A common stock outstanding	49,520,357		29,235,146		29,693,422

Earnings per share of Class A common stock - basic	$	0.69	$	0.51	$	0.78
Earnings per share of Class A common stock - diluted	$	0.66	$	0.50	$	0.78

Schedule of Antidilutive Shares

The following weighted-average potentially dilutive shares were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:


	Year Ended December 31,
	2025	2024	2023
Class B common stock	24,041,257	18,619,335	13,671,971
Restricted stock awards	1,899,637	1,924,664	1,466,069
Performance-based restricted stock units	—	—	134,488
Stock options	—	—	6,605
Total	25,940,894	20,543,999	15,279,133

Solaris Energy Infrastructure, Inc. 10-K