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 (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.
Stabilis Solutions (OTCQX:SLNG) will announce its third quarter 2020 financial results on November 11, 2020, after market close. A conference call is scheduled for November 12, 2020, at 10:00 a.m. EST. Participants can join via phone or a live audio webcast. The company, a major player in liquefied natural gas (LNG) production and distribution in North America, has delivered over 200 million gallons of LNG in its 15-year history, catering to various industries looking to reduce fuel costs and emissions.
Stabilis Energy, Inc. has officially rebranded as Stabilis Solutions, Inc., as approved at the 2020 Annual Meeting of Stockholders. This change reflects a broader strategy to enhance its market identity. The company, which trades under the symbol SLNG, aims to better communicate its offerings in distributed natural gas fuel and power solutions across North America. Stabilis has a 15-year history in the LNG industry, delivering over 200 million gallons. The new brand emphasizes sustainable energy solutions that help clients reduce costs and environmental impacts.