SOLV Energy, Inc.

solvenergy.com

Solv Energy Inc (NYSE: MWH) is an energy company that operates through its subsidiary SOLV Energy Holdings LLC. The company generates revenue from its core energy business operations, with SOLV Energy Inc holding approximately 57.0% of the LLC Interests following its IPO completed on February 12, 2026, in which it issued 23,575,000 shares of Class A common stock at $25.00 per share, raising gross proceeds of approximately $589.4 million and net proceeds of approximately $552.5 million after underwriting discounts and commissions. The company completed its IPO reorganization in Q1 2026, incurring a $52.3 million one-time non-cash compensation charge related to the modification of legacy equity awards. As of Q1 2026, the company carried amortization expense of $14.9 million for the three months ended March 31, 2026, partly reflecting intangible assets from recent acquisitions. The business has pursued a mergers and acquisitions strategy, with $3.3 million in non-recurring M&A and integration costs recorded in Q1 2026.