Solstice, also known as Solstice Advanced Materials, is a key player in the U.S. nuclear supply chain, with their Metropolis Works facility being the only UF6 conversion site in the United States. They are expecting to increase production by 20% in 2026 to support customer needs, reaching over 10 kt of production with investments and operational improvements.
Their current facility is contracted through 2030 with a backlog exceeding $2 billion, and they are actively exploring ways to expand UF6 production to meet demand. They anticipate around a $30 million impact on revenues in 2026 due to a loan repayment, but expect double-digit EBITDA growth through 2030 based on current backlog and production.
Solstice recorded $3.9 billion in net sales for 2025, up 3% year-over-year, with growth driven by refrigerant sales and electronic materials sales. Adjusted standalone EBITDA for 2025 was $957 million, reflecting a 4% decrease year-over-year. They reported net income of $237 million for 2025.
In the fourth quarter of 2025, Solstice recorded $987 million in net sales, up 8% year-over-year. Adjusted standalone EBITDA was $189 million, reflecting a 20% decrease year-over-year. Net income for the quarter was $41 million. The decrease in EBITDA was primarily due to transitory costs and plant downtime.
For 2026, Solstice expects to deliver net sales between $3.9 billion and $4.1 billion, adjusted EBITDA between $975 million and $1.025 billion, and adjusted diluted earnings per share between $2.45 and $2.75. They also expect capital expenditures between $400 million and $425 million. The outlook assumes stable macroeconomic conditions and anticipates a $30 million revenue impact from a nuclear loan return.
Solstice is considering potential expansion of their UF6 production capacity, driven by customer demand and market dynamics. They are evaluating ways to increase their production capacity to meet the growing demand for nuclear energy. Additionally, they are maintaining a disciplined approach to investments to ensure high returns on invested capital.
Read more at Yahoo Finance: Solstice (SOLS) Q4 2025 Earnings Call Transcript