Stabilis Solutions reports record Q2 revenue of $16.1M, up 221% YoY; delivers 13.7M gallons of LNG

Stabilis Solutions, Inc.

2021-Q2 EPS reported -$0.05 revenue$33,716,000

Revenue $16.1M (record Q2), up from $5.1M in Q2 2020; LNG segment revenue $14.4M, +257% YoY.
Delivered 13.7M gallons of LNG in Q2, a new quarterly record; net loss improved to ($1.0M) from ($3.4M).
Acquired Port Allen LNG production facility with 30,000 gal/day capacity, increasing total capacity ~30%.
Signed MOUs with Port of Corpus Christi and Galveston Wharves to develop LNG marine fueling infrastructure.
Secured $10M credit facility (10-yr term, 5.75% fixed rate first 5 yrs) for working capital growth.

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