Stabilis posts positive net income for Q4/FY 2023; cash flow ops $6.7M; commences Carnival LNG bunkering

Stabilis Solutions, Inc.

Delivered $6.7M cash from operations in full-year 2023; over $11.0M available liquidity at Dec 31, 2023.
Commenced LNG bunkering for Carnival Corporation's Jubilee in Dec 2023 under multi-year contract.
Marine bunkering expected >1/3 of total revenue in 2024; shifting from spot-sales to take-or-pay contracts.
Aerospace LNG sales 3.4M gallons (6.8% of total) in 2023; expects material increase in 2024.
Invested $10.3M CapEx in 2023 ($7.8M growth) for new LNG train and bunkering equipment.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Stabilis Solutions, Inc. reported financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 6, 2024, Stabilis Solutions, Inc. (the “Company”) issued a press release announcing information regarding its results of operations and financial condition for the three and twelve months ended December 31, 2023.

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Stabilis Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-006860

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