Stabilis Solutions Stock Price, News & Analysis

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.

Stabilis Solutions (NASDAQ:SLNG) will release its Q2 2021 financial results on August 4, 2021, post-market. A conference call is scheduled for August 5, 2021, at 10:00 a.m. ET. As a leading provider of energy transition services, Stabilis specializes in liquefied natural gas (LNG) and hydrogen fueling solutions, having delivered over 250 million gallons of LNG in its 16-year history. The company aims to provide cleaner fuel alternatives to various sectors including industrial and transportation.

Stabilis Solutions (NASDAQ:SLNG) has been added to the Russell Microcap Index as of June 28, 2021, enhancing its visibility in the market.

This inclusion allows automatic participation in growth and value style indexes, providing access to a broader range of institutional investors. FTSE Russell, managing approximately $10.6 trillion in assets, offers a significant benchmark for various investment strategies.

Stabilis specializes in liquefied natural gas and hydrogen fueling solutions, catering to multiple industries, and has delivered over 250 million gallons of LNG in its operational history.

Stabilis Solutions, Inc. (NASDAQ: SLNG) has completed the acquisition of an LNG production facility in Port Allen, Louisiana from HR Nu Blu Energy, enhancing its LNG production capacity by 30%. The facility, built in 2018, can produce 30,000 LNG gallons daily, and Stabilis anticipates selling its full capacity immediately to existing customers. This strategic location supports the LNG needs of large customers in the Gulf Coast and aims to capitalize on rising LNG marine bunkering demand. Projected annual EBITDA from this acquisition ranges from $2.5 to $3.0 million.

Stabilis Solutions, Inc. (NASDAQ:SLNG) announced participation in two investor conferences in June 2021. The Summer Solstice Best Ideas Conference is scheduled for June 1 at 10:30 AM EDT, and the LD Micro Invitational XI will take place on June 10 at 11:00 AM EDT. CEO Jim Reddinger and CFO Andy Puhala will present the company overview and conduct virtual one-on-one meetings. Stabilis specializes in energy transition services, including liquefied natural gas and hydrogen fueling solutions, and has delivered over 250 million gallons of LNG in its 16-year history.

Stabilis Solutions, Inc. (NASDAQ: SLNG) announced its participation in the Sidoti Spring 2021 Virtual Investor Conference on May 20, 2021. CEO Jim Reddinger expressed enthusiasm for presenting the company's growth story to potential investors. The management team will provide insights into Stabilis' energy transition services, including liquefied natural gas (LNG) and hydrogen fueling solutions. The presentation is scheduled for 10:45 a.m. Eastern Time, with virtual one-on-one meetings available. Stabilis boasts 16 years of experience and over 250 million gallons of LNG delivered across various sectors.

Stabilis Solutions, Inc. (NASDAQ:SLNG) reported record first-quarter 2021 results, with revenue of $17.7 million, a 29% increase sequentially and 28% year-over-year. Notably, net income reached $0.2 million, improving from previous losses. The company secured long-term contracts for 40% of its LNG production and closed a $10 million credit facility. LNG revenue surged to $16.1 million, with deliveries of 13.4 million gallons, marking a 29% sequential rise. Stabilis is poised for growth in LNG and hydrogen markets, supported by expanding operations in Mexico and aerospace sectors.

The Port of Corpus Christi Authority and Stabilis Solutions (NASDAQ:SLNG) have signed a Memorandum of Understanding (MOU) to promote LNG as a marine fuel. This partnership aims to enhance the use of LNG for vessels at the port, focusing on efficiency and emissions reduction compared to diesel. The Port will provide dock space for LNG fueling, while Stabilis will utilize its mobile cryogenic assets for operations. This initiative is part of a broader commitment to decarbonization and improved air quality, aligning with the maritime sector's efforts to reduce emissions.

Stabilis Solutions (NASDAQ:SLNG) has commenced trading on Nasdaq, enhancing its market visibility and potentially increasing liquidity and shareholder value. The company, a leader in energy transition services, focuses on hydrogen and LNG fueling solutions. Stabilis has delivered over 250 million gallons of LNG through 25,000+ truck deliveries in 16 years, serving various sectors, including industrial and energy markets. This trading move signifies growth and ambition in providing clean energy alternatives.