Stabilis Q1 net income up 36% to $1.5M; LNG volumes +8% YoY

Stabilis Solutions, Inc.

2024-Q1 EPS reported $0.08 revenue$19,770,000

Net income of $1.5M versus $1.1M a year ago, a 36% increase; operating cash flow $3.9M (up $3.8M YoY).
LNG volumes delivered up 8% YoY; high utilization of liquefaction capacity improved fixed-cost absorption.
Cash and available credit $12.6M; trailing twelve-month net leverage ratio of 0.1x as of March 31, 2024.
Secured first LNG bunkering contract with Carnival Corporation; also extended a major power-generation agreement.
Owned production capacity expected to be fully utilized through 2025; demand from data centers and space launch.

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 first quarter ended March 31, 2024.

Period: the first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

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

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Stabilis Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-015104

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