Welcome to our dedicated page for Stabilis Solutions news (Ticker: SLNG), a resource for investors and traders seeking the latest updates and insights on Stabilis Solutions stock.
Stabilis Solutions reports developments in small-scale LNG production, storage, transportation, fueling and last-mile delivery for customers in marine, aerospace, industrial, power generation and utility markets. Its updates center on operating results, LNG sales and delivery activity, cryogenic equipment rentals, engineering and field support services, and customer demand across the United States and Mexico.
Company news also covers long-term LNG supply agreements, marine bunkering activity at Gulf Coast ports, behind-the-meter power generation for data centers, and development work tied to the proposed Galveston LNG liquefaction and bunkering project.
Stabilis Solutions (NASDAQ:SLNG) reported strong Q2 2024 results, with LNG volumes delivered up 45.3% year-over-year. Key highlights include:
- Record Q2 Adjusted EBITDA of $2.1 million, up $2.2 million YoY
- Cash flow from operations increased 32.3% YoY to $5.0 million
- $15.9 million in cash and credit availability
- Net cash positive balance sheet
The company is expanding storage capacity at its Texas liquefaction plant, executed its first LNG bunkering operation in Galveston, and is planning the first dedicated LNG bunkering facility on the U.S. Gulf Coast. Stabilis also extended a major LNG supply contract and is growing its aerospace customer base, expecting a 76% increase in aerospace-related volumes in 2024.
Stabilis Solutions (NASDAQ:SLNG), a provider of clean fueling solutions, has announced its second quarter 2024 earnings release and conference call schedule. The company will release its Q2 2024 results after U.S. markets close on Wednesday, August 7, 2024. A conference call to discuss the results is scheduled for Thursday, August 8, 2024, at 9:00 a.m. ET.
Investors can access the webcast through the company's Investor Relations website. For those participating in the live teleconference, domestic callers can dial 888-506-0062, while international callers should use 973-528-0011, with the Conference ID: 300549. A replay of the call will be available until August 15, 2024, accessible via 877-481-4010 (domestic) or 919-882-2331 (international) with Replay ID: 50991.
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.
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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