Stabilis Solutions Q1 2023 revenue up 32% YoY to $26.8M; net income $1.1M

Stabilis Solutions, Inc.

2023-Q1 EPS reported $0.06 revenue$26,842,000

Revenue $26.8M (+32% YoY) driven by take-or-pay fees, improved pricing, higher natural gas prices.
Net income from continuing ops $1.1M vs net loss $0.4M in Q1 2022; Q4 2022 net income $0.2M.
Adjusted EBITDA $3.5M, compared to $2.0M in Q1 2022 and $3.9M in Q4 2022.
CEO cites strong demand across sectors; near-term results may be uneven due to project timing.
Conference call scheduled for May 11, 2023.

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 0.95

Stabilis Solutions, Inc. reported first quarter ended March 31, 2023 results: revenue $26.8 million, net income $1.1 million.

Period: first quarter ended March 31, 2023
Revenue: $26.8 million
Net income: $1.1 million
Result: reported results

Exact text from the filing

solutions to multiple end markets , today reported its financial results for its first quarter ended March 31, 2023. For the first quarter, Stabilis reported revenues of $26.8 million, a 32% increase from the first quarter of 2022 and a 9% decrease from the fourth quarter of 2022. The year-on-year growth was primarily the result of increases in take-or pay

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Source: SEC EDGAR

accession 0001628280-23-017273

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