Stabilis Solutions Q2 2023 net loss $2.2M; revenue down 44% YoY to $12.9M

Stabilis Solutions, Inc.

2023-Q2 EPS reported -$0.06 revenue$39,749,000

Net loss ($2.2M) in Q2 2023 flat YoY; revenue $12.9M vs $23.2M in Q2 2022 and $26.8M in Q1 2023.
Adjusted EBITDA ($0.1M) vs $1.4M in Q2 2022 and $3.5M in Q1 2023.
Revenue decline from lower pass-through commodity prices, feed gas composition change, completion of short-term bunkering contract, and seasonal demand.
Capital expenditures $5.2M year-to-date (up ~400% YoY) to support anticipated marine customer growth.
Cash $8.1M, undrawn $10M revolver; net debt to trailing 12-month Adjusted EBITDA ratio 0.2x.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Stabilis Solutions, Inc. reported the second quarter ended June 30, 2023 results: revenue $12.9 million, net income ($2.2) million.

Period: the second quarter ended June 30, 2023
Revenue: $12.9 million
Net income: ($2.2) million
Result: reported results

Exact text from the filing

For the three months ended June 30, 2023, Stabilis reported a net loss of ($2.2) million, on revenue of $12.9 million, versus a net loss of ($2.2) million, on revenue of $23.2 million in the second quarter 2022, and net income of $1.1 million, on revenue of $26.8 million in the first quarter 2023.

View on SEC.gov

Browse all earnings releases →

Stabilis Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-022830

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.