Stabilis Solutions Stock Price, News & Analysis

Stabilis Solutions (OTCQX:SLNG) has received approval to list its common stock on The Nasdaq Capital Market, effective April 29, 2021. This milestone aims to enhance investor access, improve trading liquidity, and unlock value for current shareholders. Stabilis specializes in energy transition services, including hydrogen and liquefied natural gas (LNG) fueling solutions, having delivered over 250 million gallons of LNG in its operations. The company focuses on providing clean energy alternatives across multiple sectors to reduce emissions and fuel costs.

Stabilis Solutions (OTCQX: SLNG) reported record preliminary revenues for Q1 2021, ranging from $17.5 million to $17.8 million, marking a 30% increase from Q4 2020 and a 29% increase from Q1 2020. The company delivered 13.4 million gallons of LNG during the quarter, reflecting a 29% increase from the previous quarter. This growth was driven by expanding power generation projects, operations in Mexico, and aerospace customer activity. A final earnings release is set for May 5, 2021, followed by a conference call on May 6, 2021.

Stabilis Solutions (OTCQX: SLNG) has secured a $10 million credit facility from Ameristate Bank, in partnership with the USDA. This facility aims to support the company's working capital needs and accelerate growth in the energy transition sector, particularly in hydrogen and liquefied natural gas (LNG) solutions. The 10-year facility allows withdrawals of up to $10 million over the first three years at a fixed interest rate of 5.75%, transitioning to U.S. Prime Rate plus 2.5% thereafter. Stabilis has delivered over 250 million gallons of LNG in its 16-year history.

Stabilis Solutions (OTCQX: SLNG) announced participation in the Q1 Virtual Investor Summit from March 23-25, 2021. Jim Reddinger, President and CEO, and Andy Puhala, CFO, will present on March 23 at 10:00 AM EST. Stabilis is a leading provider of liquefied natural gas and hydrogen fuels, emphasizing clean energy solutions. The event connects small and micro-cap companies with investors. A replay of the presentation will be available on Stabilis' investor center post-event. For registration and more information, visit www.investorsummitgroup.com.

Stabilis Solutions has secured three long-term LNG sales contracts, covering up to 40% capacity of its Texas LNG production plant. This move is expected to push plant utilization towards 100% starting in 2021. The contracts serve customers in infrastructure and mining sectors, enhancing Stabilis' revenue and profitability opportunities. After a brief slowdown in 2020, the company reported record sales in Q4, indicating a strong recovery. Stabilis' partnerships across North America ensure a reliable LNG supply, positioning the company favorably in the market.

Stabilis Solutions reported a record fourth quarter revenue of $13.7 million, a 52% increase from Q3 2020 and a 10% increase year-over-year. The surge was driven by increased customer activity post-pandemic and the addition of new clients. The LNG segment contributed $12.1 million, with a 57% sequential increase. Adjusted EBITDA reached $2.3 million, or 17% of revenue. The net loss narrowed to ($0.1 million) from ($2.1 million) in Q3 2020. Annual revenue for 2020 was $41.6 million, down from $47.1 million in 2019, due to pandemic impacts.

Stabilis Solutions (OTCQX:SLNG) will release its fourth quarter and full year 2020 financial results on March 10, 2021, after market close. A conference call is scheduled for March 11, 2021, at 10:00 AM ET. Participants can join the call via telephone or through a live audio webcast. The company has a strong background in providing clean energy solutions, having delivered over 250 million gallons of LNG through 25,000 truck deliveries in its 16-year history. With its focus on LNG and hydrogen, Stabilis supports various industries in reducing fuel costs and emissions.

Stabilis Solutions (OTCQX:SLNG) is providing liquified natural gas (LNG) and equipment to 10 locations across multiple states, helping over 100,000 households during recent winter storms. The company emphasizes its role in delivering clean, reliable energy when traditional sources are disrupted. Stabilis has utilized over 50 pieces of mobile cryogenic equipment and supports its customers with 25 trained staff. With a history of over 250 million gallons of LNG delivered, Stabilis aims to aid the energy transition by reducing emissions and ensuring energy reliability.

Stabilis Solutions (SLNG) anticipates fourth quarter 2020 revenues between $13.5 million and $13.8 million, marking the second-highest quarterly revenue in its history. This represents a 50% to 53% increase from the prior quarter and an 8% to 11% rise year-over-year. The growth is attributed to rising power generation projects, expansion in Mexico, and improving economic conditions, despite COVID-19 challenges. The full earnings release is scheduled for March 10, 2021, followed by a conference call on March 11, 2021.