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, Inc. (NASDAQ: SLNG) is a clean fueling and LNG-focused company whose news flow centers on liquefied natural gas (LNG) production, storage, transportation, and last-mile delivery solutions. Company press releases and SEC filings highlight developments across marine bunkering, commercial aerospace, and power generation markets, as well as updates on its LNG infrastructure and long-term contracts.
On this page, readers can follow SLNG news related to major commercial agreements, such as 10-year LNG bunkering contracts for the Port of Galveston and a multi-year offtake agreement with Carnival Corporation & plc to supply LNG for cruise operations. News items also cover progress on the proposed Galveston LNG liquefaction facility, including engineering milestones, financing plans, and associated marine logistics assets like the time charter of the LNG bunkering vessel Garibaldi.
Regular earnings releases provide details on quarterly and annual financial performance, revenue trends in marine, aerospace, and power generation end markets, and commentary on capital allocation, liquidity, and growth investments. Stabilis also issues announcements about upcoming conference calls and webcasts where management discusses results and strategic initiatives.
Investors and observers who follow SLNG can use this news feed to monitor updates on long-term LNG supply agreements, expansion of small-scale LNG capacity, developments in Galveston and the Texas Gulf Coast, and changes in revenue mix across key growth markets. Bookmark this page to access a consolidated view of Stabilis Solutions’ press releases, earnings announcements, project updates, and related disclosures as they are released.
Stabilis Solutions, Inc. (NASDAQ:SLNG) reported strong financial results for the fourth quarter and full year ending December 31, 2021. Fourth-quarter revenues reached a record $23.7 million, up 21% from Q3 2021 and 73% from Q4 2020, driven by increased LNG deliveries and rising natural gas prices. Full-year revenues totaled $77.2 million, an 86% increase compared to 2020. However, the company recorded a net loss of $7.8 million for 2021. Management is optimistic about future growth, citing new commercial strategies and expansion into promising sectors.
Stabilis Solutions (NASDAQ: SLNG) will announce its Q4 2021 and full year 2021 financial results on March 9, 2022, after market close. A conference call is scheduled for March 10, 2022, at 10:00 a.m. ET. Investors can dial in using the provided phone numbers or access a webcast. Stabilis operates in the energy transition sector, focusing on liquefied natural gas (LNG) fueling solutions across North America. For further details, visit their official website.
Stabilis Solutions (NASDAQ:SLNG) reported record revenues of $19.7 million for Q3 2021, reflecting an increase of 118% year-over-year and 23% from Q2 2021. The LNG segment contributed $17.8 million, while power delivery generated $1.9 million. Despite revenue growth, the company recorded a net loss of $4.6 million and an EBITDA loss of $2.0 million, impacted by $3.0 million in special items. Stabilis aims to continue expanding its customer base and enhancing its product offerings under CEO West Ballard's leadership.
Stabilis Solutions (NASDAQ:SLNG) will release its Q3 2021 financial results on November 10, after market close, followed by a conference call on November 11 at 10:00 a.m. ET. The company specializes in energy transition services, providing liquefied natural gas (LNG) and hydrogen solutions across North America, aimed at reducing emissions and offering cost-effective energy options. For access details, dial +1 888-506-0062 in the U.S. and Canada, or visit the webcast link provided.
Stabilis Solutions (NASDAQ:SLNG) has signed a Memorandum of Understanding with the Port of Port Arthur to establish LNG as a marine fuel source. This agreement allows Stabilis to offer turnkey LNG fueling solutions for vessels at the Port, marking the fifth LNG marine bunkering location along the Gulf Coast. Fueling services are expected to commence in early 2022, utilizing Stabilis' mobile cryogenic assets. The partnership highlights a commitment to sustainable fueling options, enhancing the Port's operational capabilities and supporting the regional economy.
Stabilis Solutions (NASDAQ:SLNG) has announced a partnership with the Cameron Parish Port in Louisiana through a Memorandum of Understanding to establish LNG marine bunkering services. This collaboration marks Stabilis' fourth LNG bunkering location on the Gulf Coast. The plan includes providing turnkey LNG fueling solutions, utilizing mobile cryogenic assets, and ensuring availability of services by the end of 2021. The initiative aims to support the growing demand for LNG as a marine fuel, aligning with sustainability goals.
Stabilis Solutions (SLNG) has entered into a Memorandum of Understanding with Port Isabel Logistical Offshore Terminal (PILOT) to establish LNG as a marine fuel at the Texas port. This collaboration marks Stabilis' third LNG marine bunkering site on the Gulf Coast. The agreement involves turnkey LNG fueling solutions for marine vessels, including dock space identification and necessary permits. LNG bunkering services are set to begin in early 2022, utilizing Stabilis' mobile cryogenic assets and LNG from its George West facility.
Stabilis Solutions (NASDAQ:SLNG) has appointed Westervelt T. Ballard, Jr. as its new president and CEO, effective August 23, 2021. He replaces James C. Reddinger, who has resigned. Ballard joins from Superior Energy Services, where he held multiple leadership roles. Stabilis' founder, J. Casey Crenshaw, will become the non-executive chairman. Ballard expressed excitement about leading the company to capitalize on new energy market opportunities, particularly in LNG and hydrogen solutions.
Stabilis Solutions (NASDAQ:SLNG) reported record second quarter revenues of $16.1 million, marking a 221% increase year-over-year. The company delivered 13.7 million gallons of LNG, a 197% increase compared to the prior year. Stabilis acquired an LNG production facility in Port Allen, Louisiana, increasing capacity by 30%. The company signed MOUs for LNG marine fueling infrastructure with the Port of Corpus Christi and Galveston Wharves. Despite the growth, net income showed a loss of ($1.0 million), though improved by $2.4 million compared to the previous year.
Stabilis Solutions (NASDAQ:SLNG) has signed a Memorandum of Understanding with the Galveston Wharves to provide liquefied natural gas (LNG) fueling services for marine vessels. This partnership aims to establish LNG as a marine fuel at the Port of Galveston, enhancing environmental compliance and operational efficiency for ship operators. Stabilis will leverage its mobile cryogenic assets and liquefaction facilities in Texas and Louisiana to facilitate these services, which are expected to launch in 2021. The global demand for LNG as marine fuel is projected to grow at a 30% annual rate, from 1.0 million tons in 2020 to 4.0 million tons by 2024.