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Stabilis Solutions, Inc. - $SLNG STOCK NEWS

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Stabilis Solutions, Inc. reported strong first-quarter 2024 results with an 8% increase in LNG volumes delivered, $1.5 million net income (up 36% YoY), $3.9 million cash flow from operations, $12.6 million cash and availability under credit agreements, and a net leverage ratio of 0.1x as of March 31, 2024. The company focused on long-term contractual relationships for growth, expanding bunkering operations, and capitalizing on infrastructure investment cycles. Stabilis remains well-positioned for profitable growth.

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Stabilis Solutions, Inc. announces the extension of its LNG supply agreement with a global provider of industrial power solutions, enhancing its role in providing clean fuel and power solutions for clean energy installations. The agreement extends until June 2025, with Stabilis supplying up to 9.5 million gallons of LNG for grid resiliency power along the Gulf Coast. Stabilis anticipates growth in demand for its power solutions from sectors like data centers and manufacturing, positioning the company for future success in the evolving energy landscape. Management emphasizes the importance of their role in providing on-demand and redundant power solutions to support the increasing stress on the U.S. electrical grid.

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Stabilis Solutions, Inc. announces its first quarter 2024 conference call and webcast date. The company will release its results on May 7, 2024, and hold a conference call on May 8, 2024, to discuss financial results, recent events, and conduct a Q&A session. The webcast will be available on the company's website. Details for live participation and replay are provided in the press release.
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Stabilis Solutions, Inc. (SLNG) expects significant growth in demand for high-purity LNG fuel from the commercial space launch market. The U.S. is witnessing a surge in commercial rocket launch activity, with Stabilis positioned as a key supplier of next-generation fuel. The company anticipates a 40% increase in aerospace market-related volumes in 2024, with domestic demand for high-purity LNG projected to rise by 65% over the next five years. Stabilis aims to solidify its position as a leading provider of clean energy solutions for the space industry.
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Stabilis Solutions, Inc. (SLNG) reported positive financial results for Q4 and full year 2023, with $6.7 million cash flow from operations and over $11.0 million in liquidity. The company anticipates marine bunkering to drive a significant portion of revenue in 2024. Strategic updates include a shift towards long-term contractual revenue, investments in LNG infrastructure, and expansion of aerospace customer quoting activity. Stabilis remains confident in its growth trajectory and ability to provide end-to-end energy solutions.
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Stabilis Solutions, Inc. (SLNG) will release its Q4 and full year 2023 results on March 6, 2024, followed by a conference call on March 7, 2024. The company is a key player in clean energy production, storage, and delivery solutions.
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Stabilis Solutions, Inc. (NASDAQ:SLNG) announced Q3 2023 results, including a new multi-year marine LNG bunkering contract with Carnival Corporation, purchase of key components for a new LNG liquefaction train, 19% revenue growth, $0.5M Adjusted EBITDA, and over $8M in cash and liquidity. Management commentary highlights strategic priorities and validation of marine strategy.
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Stabilis Solutions has been awarded a multi-year marine bunkering contract with Carnival Corporation to provide LNG fuel for the Carnival Jubilee cruise ship. Stabilis will supply firm LNG deliveries from its liquefaction facility in Texas over the two-year contract, with an option to extend for up to two additional years. This partnership is part of Carnival's decarbonization strategy, and Stabilis aims to serve the growing market for sustainable fuel sources in the marine industry.
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Stabilis Solutions, Inc. will release its third quarter 2023 results on November 8, 2023, followed by a conference call on November 9, 2023, to discuss financial results and recent events.
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Stabilis Solutions, Inc. (Nasdaq:SLNG) reported a net loss of ($2.2) million on revenue of $12.9 million for Q2 2023. Adjusted EBITDA was ($0.1) million. The results were driven by lower commodity prices, changes in feed gas composition, and additional operating costs. Total capital expenditures increased 400% to $5.2 million to support marine customer demand growth. Stabilis had total cash and equivalents of $8.1 million and total debt outstanding of $9.9 million.
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Stabilis Solutions, Inc.

Nasdaq:SLNG

SLNG Rankings

SLNG Stock Data

75.46M
2.10M
88.7%
3.91%
0.01%
Other Commercial and Service Industry Machinery Manufacturing
Manufacturing
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United States of America
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About SLNG

stabilis solutions ltd is an education management company based out of 11 ivybridge road, west midlands, united kingdom.