earnings
confidence high
sentiment positive
materiality 0.70
Stabilis Solutions Q3 net income positive; LNG sales volumes up 22% YoY
Stabilis Solutions, Inc.
2024-Q3 EPS reported
$0.13
revenue$55,995,000
- Net income improved $1.2M YoY; Adjusted EBITDA of $2.6M, up $2.0M.
- LNG sales volumes rose 22% YoY; revenue from contracted agreements at 68% vs 43%.
- Cash flow from operations $2.6M, +73% YoY; $15.6M cash and credit availability.
- Marine and aerospace revenue mix grew to 40% from 11% of total revenue YoY.
- Initial components purchased for 100K gal/day LNG train on Texas Gulf Coast.