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.
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Stabilis Solutions, Inc. (NASDAQ:SLNG) will release its first quarter 2023 financial results on May 10, 2023, after the market closes. The accompanying conference call is scheduled for May 11, 2023, at 10:00 a.m. ET (9:00 a.m. CT). Investors can join the call by dialing +1 888-506-0062 or +1 973-528-0011 for international callers, using the passcode 317626. A webcast will also be available at this link. Replay options are available for those who miss the live event. Stabilis Solutions focuses on providing clean energy solutions across multiple markets. Further details can be accessed on their official website.
Stabilis Solutions, Inc. (NASDAQ:SLNG) reported its financial results for Q4 and full year 2022. Q4 revenues rose to $29.6 million, up 15% sequentially and 42% year-over-year, driven by increased LNG deliveries and higher natural gas prices. Net income for Q4 reached $0.2 million, a decrease from $1.0 million in Q3 2022 but an improvement from a loss of $2.3 million in Q4 2021. For the full year, revenues totaled $98.8 million, a 43% increase from 2021, with a reduced net loss of $1.2 million compared to $7.6 million the previous year. Adjusted EBITDA for 2022 was $9.6 million. The company sees potential for market expansion in 2023.
Stabilis Solutions (NASDAQ:SLNG) is set to release its fourth quarter and full year 2022 financial results on March 8, 2023, post-market. This announcement will be followed by a conference call scheduled for March 9, 2023, at 10:00 a.m. ET. Investors can access the call via dial-in numbers for both the US and international callers, as well as through a webcast. Stabilis Solutions specializes in clean energy solutions, catering to various market needs. For further information, visit www.stabilis-solutions.com.
Stabilis Solutions reported a 45% revenue increase to $25.8 million for Q3 2022 compared to the same period last year.
Net income from continuing operations was $1.0 million, a significant recovery from previous losses.
Adjusted EBITDA improved to $2.3 million from $1.4 million year-over-year. The company divested its Brazilian operations to focus on growth areas such as aerospace and marine bunkering, which accounted for 23% of Q3 revenue.
Stabilis Solutions (NASDAQ:SLNG) will release its Q3 2022 financial results on November 2, 2022, after the market closes. A conference call is scheduled for November 3, 2022, at 10:00 AM ET. The call will provide insights into the company's performance in the clean energy sector, focusing on production, storage, and delivery solutions across North America. Investors can participate via a dedicated dial-in number or access the webcast online. For further details, visit the company’s website.