Stabilis Solutions (NASDAQ: SLNG) secures LNG bunkering vessel with $60M purchase option

Rhea-AI Filing Summary

Stabilis Solutions, Inc., through its wholly owned subsidiary Stabilis GDS, entered into a material time charter agreement for the LNG bunkering vessel Garibaldi. The company will pay the vessel’s owner, Seaspan Energy Ltd., $32,400 per day for 730 days, with delivery and charter commencement expected on or about March 1, 2026.

Stabilis will also pay an estimated $1.0 million positioning fee to move the Garibaldi from western Canada to Galveston, Texas, where it plans to use the vessel for marine LNG bunkering. The agreement includes an option to extend the charter by one year and an option to purchase the Garibaldi for $60 million during the charter term. Stabilis has guaranteed all obligations of Stabilis GDS under this agreement.

Insights

Energy infrastructure analyst

Stabilis commits to a multi-year LNG bunkering vessel charter with purchase option.

Stabilis Solutions, via Stabilis GDS, has locked in access to the LNG bunkering vessel Garibaldi at $32,400 per day over 730 days, with delivery expected around March 1, 2026. This structure secures specialized capacity for marine LNG fueling without an upfront vessel purchase.

The company will also pay an estimated $1.0 million positioning fee to relocate the vessel to Galveston, Texas, aligning it with its intended LNG bunkering operations. The agreement grants an additional 365-day extension option and a purchase option at $60 million, giving flexibility between continuing to charter or acquiring the vessel outright.

Stabilis has guaranteed Stabilis GDS’s obligations, so the parent company is directly responsible for the charter commitments and any future exercise of options. Actual financial impact will depend on utilization of the Garibaldi in marine bunkering and any decision to extend the term or exercise the $60 million purchase option during the charter period.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 12, 2025

Stabilis Solutions, Inc.

(Exact name of registrant as specified in its charter)

Florida	001-40364	59-3410234
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

11750 Katy Freeway Suite 900 Houston, Texas	77079
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 832-456-6500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, $.001 par value	SLNG	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On December 12, 2025, Stabilis GDS, Inc. (“Stabilis GDS”), a wholly-owned subsidiary of Stabilis Solutions, Inc. (“Stabilis” and collectively with Stabilis GDS, the “Company”), entered into a time charter agreement (the “Agreement”) with Seaspan Energy Ltd. (the “Owners”) for the time charter of a liquified natural gas bunkering vessel (the “Garibaldi”). The Company intends to use the Garibaldi for marine bunkering of LNG. Pursuant to the Agreement, Stabilis GDS will pay the Owners $32,400 per day for 730 days (two years) for the time charter of the Garibaldi. Delivery date of the Garibaldi to the Company and the time charter commencement date are expected to be on or about March 1, 2026.

Under the Agreement, the Company will also pay the Owners a positioning fee to move the Garibaldi from western Canada to Galveston, Texas. The positioning fee is estimated to be approximately $1.0 million.

The Agreement provides an option for Stabilis GDS to extend the term of the time charter for an additional 365 days (one year) and an option for Stabilis GDS to purchase the Garibaldi for $60 million during the term of the time charter.

Stabilis has guaranteed the obligations of Stabilis GDS under the Agreement. 

Item 9.01 Financial Statements and Exhibits

Exhibits:

Exhibit No.	Description
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

STABILIS SOLUTIONS, INC.

By: /s/Andrew L. Puhala

Andrew L. Puhala

Chief Financial Officer

Date: December 17, 2025

FAQ

What agreement did Stabilis Solutions (SLNG) enter into on December 12, 2025?

Stabilis Solutions, through its wholly owned subsidiary Stabilis GDS, entered into a time charter agreement with Seaspan Energy Ltd. for the LNG bunkering vessel Garibaldi, to be used for marine LNG bunkering operations.

What are the key financial terms of the new LNG vessel charter for SLNG?

Under the agreement, Stabilis GDS will pay $32,400 per day for 730 days for the time charter of the Garibaldi and an estimated $1.0 million positioning fee to move the vessel from western Canada to Galveston, Texas.

When is the Garibaldi expected to be delivered to Stabilis Solutions (SLNG)?

The delivery of the Garibaldi to the company and the commencement of the time charter are expected to occur on or about March 1, 2026.

Does Stabilis Solutions (SLNG) have options related to the Garibaldi beyond the initial charter term?

Yes. The agreement provides Stabilis GDS an option to extend the charter for an additional 365 days and an option to purchase the Garibaldi for $60 million during the charter term.

Who guarantees the obligations under the Garibaldi charter for SLNG?

Stabilis Solutions, Inc. has guaranteed the obligations of its subsidiary Stabilis GDS under the time charter agreement for the Garibaldi.

What will Stabilis Solutions (SLNG) use the Garibaldi for?

Stabilis intends to use the Garibaldi for marine bunkering of liquified natural gas (LNG), supporting its LNG fueling activities in the Galveston, Texas area.