Stabilis Solutions, Inc. — fact timeline

Stabilis Solutions, Inc. reported financial results for first quarter ended March 31, 2026.

“Revenue for the first quarter of 2026 was $10.4 million, a decrease of 40.2% compared to the first quarter of 2025.”

Stabilis Solutions, Inc. entered into Equity Distribution Agreement with Johnson Rice & Company L.L.C. valued at aggregate sales price of up to $10,146,795 (effective 2026-04-17).

“On April 17, 2026, Stabilis Solutions, Inc. (the “ Company ”), entered into an Equity Distribution Agreement (the “ Agreement ”) with Johnson Rice & Company L.L.C. (the “ Sales Agent ”).”

Stabilis Solutions, Inc. entered into the Agreement with Seaspan Energy Ltd. valued at $32,400 per day for 730 days (effective 2025-12-12).

“On December 12, 2025, Stabilis GDS, Inc. (“Stabilis GDS”), a wholly-owned subsidiary of Stabilis Solutions, Inc. (“Stabilis” and collectively with Stabilis GDS, the “Company”), entered into a time charter agreement (the “Agreement”) with Seaspan Energy Ltd. (the “Owners”) for the time charter of a liquified natural gas bunkering vessel (the “Garibaldi”).”

Stabilis Solutions, Inc. amended revolving credit of $10,000,000.00 Revolving Credit Facility with Cadence Bank maturing June 9, 2028.

“On March 27, 2025 Stabilis Solutions, Inc. (the "Company") along with its subsidiaries, Stabilis LNG Eagle Ford LLC, Stabilis GDS, Inc. and Stabilis LNG Port Allen, LLC (collectively, the "Borrowers") entered into a Modification Agreement (the "Agreement") to its existing Loan Agreement (the "Loan Agreement") with Cadence Bank (the "Lender"). Under the Agreement, the Loan Agreement which provided a $10,000,000.00 Revolving Credit Facility was renewed and the maturity date was extended to June 9, 2028.”

J. Casey Crenshaw was appointed as Executive Chairman and interim President and Chief Executive Officer at Stabilis Solutions, Inc..

“Stabilis Solutions, Inc. (the “Company”) announced that it has appointed the Company’s Chairman of the Board, J. Casey Crenshaw, age 50, as its Executive Chairman, and interim President and Chief Executive Officer, effective January 31, 2025.”

Westervelt T. Ballard, Jr. resigned as President and Chief Executive Officer at Stabilis Solutions, Inc..

“Mr. Crenshaw will replace Westervelt T. “Westy” Ballard, Jr., who has mutually agreed with the Company to terminate his employment as the Company’s President and Chief Executive Officer and to resign his position as a director.”

Stabilis Solutions, Inc. reported financial results for the first quarter ended March 31, 2024.

“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.”

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

“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.”

Stabilis Solutions, Inc. reported financial results for third quarter ended September 30, 2023.

“On November 8, 2023, Stabilis Solutions, Inc. (the “Company”) issued a press release announcing information regarding its results of operations and financial condition for the nine months ended September 30, 2023.”

Stabilis Solutions, Inc. shareholders approved Approval of amendment of the Amended and Restated 2019 Long Term Incentive Plan at the 2023-08-16 meeting.

“3. To approve an amendment of the Amended and Restated 2019 Long Term Incentive Plan. Votes For Votes Against Votes Withheld Broker Non-Votes 13,722,068 446,439 54,955 1,435,948”

Stabilis Solutions, Inc. shareholders approved Ratification of the selection of the independent registered public accounting firm for 2023 at the 2023-08-16 meeting.

“2. To ratify the selection of the independent registered public accounting firm for 2023. There were no Broker Non-Votes. Votes For Votes Against Votes Withheld 15,467,930 179,143 12,337”

Stabilis Solutions, Inc. shareholders approved Election of Directors at the 2023-08-16 meeting.

“The voting results on the matters considered by the stockholders of the Company at the Annual Meeting held on August 16, 2023 were as follows: 1. The following nominees were elected as the Company's Directors. Director Nominee Votes For Votes Withheld Broker Non-Votes J. Casey Crenshaw 13,671,430 552,032 1,435,948 Westervelt T. Ballard, Jr. 13,870,119 353,343 1,435,948 Ben J. Broussard 13,761,476 461,986 1,435,948 Stacey B. Crenshaw 13,555,293 668,169 1,435,948 Edward L. Kuntz 13,954,998 268,464 1,435,948 Peter C. Mitchell 13,948,884 274,578 1,435,948 Matthew W. Morris 13,960,523 262,939 1,435,948”

Stabilis Solutions, Inc. reported the second quarter ended June 30, 2023 results: revenue $12.9 million, net income ($2.2) million.

“For the three months ended June 30, 2023, Stabilis reported a net loss of ($2.2) million, on revenue of $12.9 million, versus a net loss of ($2.2) million, on revenue of $23.2 million in the second quarter 2022, and net income of $1.1 million, on revenue of $26.8 million in the first quarter 2023.”

Stabilis Solutions, Inc. incurred revolving credit of $10 million with Cadence Bank at Prime Rate published by the Wall Street Journal maturing June 9, 2026.

“The Loan Agreement provides for a revolving credit facility that matures on June 9, 2026. The maximum aggregate amount of availability under the revolving credit facility is $10 million, subject to a borrowing base of 80% of eligible accounts receivable. None of the funds available under the Loan were drawn as of June 12, 2023. The Borrowers may request an”

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

“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”

Stabilis Solutions, Inc. reported full year ended December 31, 2021 results: revenue $69.2 million reported in 2021, net income net loss from continuing operations of $7.6 million for 2021.

“Full year 2022 revenues totaled $98.8 million, an increase of 43% compared to $69.2 million reported in 2021. Net loss from continuing operations was $1.2 million for the full year, compared to a net loss from continuing operations of $7.6 million for 2021.”

Stabilis Solutions, Inc. reported three months ended December 31, 2021 results: net income loss of $2.3 million in the fourth quarter of last year.

“Net income from continuing operations was $0.2 million in the quarter, compared to $1.0 million in the third quarter of 2022 and a loss of $2.3 million in the fourth quarter of last year.”

Stabilis Solutions, Inc. reported twelve months ended December 31, 2022 results: revenue Full year 2022 revenues totaled $98.8 million, net income Net loss from continuing operations was $1.2 million for the full year.

“Full year 2022 revenues totaled $98.8 million, an increase of 43% compared to $69.2 million reported in 2021. Net loss from continuing operations was $1.2 million for the full year”

Stabilis Solutions, Inc. entered into Equity Distribution Agreement with Johnson Rice & Company L.L.C. valued at $16,274,617 (effective 2022-12-16).

“On December 16, 2022 , Stabilis Solutions, Inc. (the “ Company ”), entered into an Equity Distribution Agreement (the “ Agreement ”) with Johnson Rice & Company L.L.C. (the “ Sales Agent ”).”

Stabilis Solutions, Inc. reported three and nine months ended September 30, 2022 results: revenue $25.8 million, net income $1.0 million.

“Stabilis Solutions Reports Third Quarter 2022 Results Revenue increases 45% from same quarter last year Houston, November 2, 2022 — Stabilis Solutions, Inc. ("Stabilis" or the "Company") (NASDAQ: SLNG), a leading provider of clean energy production, storage, and delivery solutions to multiple end markets, today reported its financial results for its third quarter ended September 30, 2022 . For the third quarter ended September 30, 2022, Stabilis reported revenues of $25.8 million, an increase of 12% sequentially and 45% higher than the third quarter of last year. Net Income from continuing operations was $1.0 million in the quarter, compared to a loss of $2.1 million in second quarter of 2022 and a loss of $4.6 million in the third quarter of last year.”

James G. Aivalis departed as Director at Stabilis Solutions, Inc..

“On June 17, 2022 director James G. Aivalis notified Stabilis Solutions, Inc. (the "Company") that he will not stand for re-election to the Board of Directors at the 2022 Annual Meeting.”

Mushahid Khan resigned as Director at Stabilis Solutions, Inc..

“Mushahid "Mush" Khan resigned from the Board; and as a member of both the Audit and Compensation Committees.”

Matthew W. Morris was elected as Director at Stabilis Solutions, Inc..

“elected Matthew W. Morris to serve as a director of the Company until the next election of directors.”

J. Casey Crenshaw changed role as Non-executive Chairman at Stabilis Solutions, Inc..

“the Company’s founder and executive chairman, J. Casey Crenshaw, will relinquish his operational responsibilities and become the non-executive chairman of the Board.”

James C. "Jim" Reddinger resigned as President and Chief Executive Officer at Stabilis Solutions, Inc..

“Mr. Ballard will replace James C. "Jim" Reddinger, who has resigned as the Company’s president, chief executive officer and director to pursue other opportunities.”

Westervelt T. "Westy" Ballard, Jr. was appointed as President and Chief Executive Officer at Stabilis Solutions, Inc..

“the Company announced that it has appointed Westervelt T. "Westy" Ballard, Jr., age 49, as its president and chief executive officer, effective Augus t 23, 2021 .”