Highest-materiality recent filing
Stabilis Solutions Q1 revenue down 40%, net loss widens; secures $200M LNG contract
Q1 2026 revenue $10.4M, down 40.2% YoY; net loss $4.1M ($0.22/diluted) vs $1.6M loss YoY.
Stabilis terminates 10-year LNG offtake deal; Galveston project faces delays
Terminated agreement to supply 50M gallons LNG/year (~40% of Galveston facility's planned capacity) with minimum volume commitments of ~32%.
Q4 2025 revenue $13.3M (down 23.3% YoY); net loss $0.3M vs net income $2.1M in Q4 2024.
Preliminary Q4 2025 revenue $13.0-13.5M, net loss $0.3-0.5M, adjusted EBITDA $1.4-1.6M.
Definitive 10-year agreement to supply LNG for Carnival's cruise operations at Port of Galveston.
Stabilis Solutions charters LNG bunkering vessel Garibaldi for two years at $32,400/day
Stabilis GDS subsidiary entered time charter with Seaspan Energy for LNG bunkering vessel Garibaldi.
Q3 revenue $20.3M (+15.3% YoY); net income $1.1M ($0.06 EPS) vs $1.0M ($0.05) prior year.
Stabilis signs 10-yr marine bunkering deal to anchor Galveston LNG expansion
10-year agreement to supply ~50M gallons/yr (188,000 m³) of LNG for bunkering at Port of Galveston.
Stabilis secures 10-year marine bunkering LNG contract anchoring Gulf Coast expansion
10-year agreement to supply ~50M gallons (188K cu m) per year of LNG for bunkering at Port of Galveston; deliveries expected Q4 2027 subject to financing and construction.
Stabilis Q2 2025 revenue $17.3M, net loss $0.6M; key growth markets up 15% YoY
Revenue $17.3M down 7% YoY; net loss ($0.6M) vs net income $27K in Q2 2024.
Stabilis Solutions Q1 net loss $1.6M; revenue down 12% to $17.3M
Revenue $17.3M, down 12.3% YoY; net loss ($1.6M) vs net income $1.5M in Q1 2024.
Q4 net income $2.1M; adjusted EBITDA $4.0M (23.2% margin); cash flow from ops $2.2M.
CEO Ballard departed Jan 31, 2025 by mutual agreement; will consult through Dec 31, 2025.
Stabilis Solutions Q3 net income positive; LNG sales volumes up 22% YoY
Net income improved $1.2M YoY; Adjusted EBITDA of $2.6M, up $2.0M.
Stabilis Solutions Q2 2024: LNG volumes up 45% YoY, record Adj. EBITDA $2.1M
LNG volumes delivered increased 45.3% YoY; net income improved $2.2M.
Stabilis Q1 net income up 36% to $1.5M; LNG volumes +8% YoY
Net income of $1.5M versus $1.1M a year ago, a 36% increase; operating cash flow $3.9M (up $3.8M YoY).
Delivered $6.7M cash from operations in full-year 2023; over $11.0M available liquidity at Dec 31, 2023.
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.
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.
Max materiality 0.80 · Median 0.70 · Most common event earnings