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, 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.
Stabilis Solutions, Inc. (OTCQX:SLNG) will announce its first quarter 2021 financial results on May 5, 2021, after market close. A conference call is scheduled for May 6, 2021, at 10:00 a.m. ET. Stabilis is a provider of energy transition services, specializing in hydrogen and liquefied natural gas (LNG) fueling solutions.
The company has delivered over 250 million gallons of LNG through more than 25,000 truck deliveries over its 16-year history, establishing itself as a leading small-scale LNG provider in North America.
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.