Stabilis ends LNG charter, assumes termination costs

Stabilis Solutions, Inc. reports that a wholly owned subsidiary, Stabilis GDS, has had its time charter agreement for the liquefied natural gas bunkering vessel Seaspan Garibaldi terminated by the vessel owner.

Filing Impact

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Form Type

8-K

Rhea-AI Filing Summary

Stabilis Solutions, Inc. reports that a wholly owned subsidiary, Stabilis GDS, has had its time charter agreement for the liquefied natural gas bunkering vessel Seaspan Garibaldi terminated by the vessel owner. The termination became effective on June 24, 2026 after the owner exercised a previously granted option.

Under the termination, Stabilis GDS must pay the owner an early termination fee of $750,000, due on January 1, 2027, and also settle previously accrued amounts under the charter totaling approximately $1.1 million, which are scheduled to be paid in two installments during the third quarter of 2026.

Insights

Stabilis faces charter termination costs but no broader financials were provided.

The company’s LNG bunkering strategy is affected as the Seaspan Garibaldi time charter has been terminated effective June 24, 2026. This ends access to that specific bunkering vessel under the prior long-term arrangement.

Stabilis GDS owes an early termination fee of $750,000 due January 1, 2027, plus about $1.1 million of previously accrued charter amounts payable in two installments in the third quarter of 2026. The filing does not quantify how significant these obligations are relative to overall operations.

8-K Event Classification

2 items: 1.02, 9.01

2 items

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

Item 9.01 Financial Statements and Exhibits Exhibits

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

Key Figures

Charter termination effective date: June 24, 2026 Early termination fee: $750,000 Previously accrued charter amounts: Approximately $1.1 million +1 more

4 metrics

Charter termination effective date June 24, 2026 Effective date when Seaspan Garibaldi time charter ended

Early termination fee $750,000 Obligation of Stabilis GDS due January 1, 2027

Previously accrued charter amounts Approximately $1.1 million Payable in two installments during Q3 2026

Charter date December 12, 2025 Original date of time charter agreement for Seaspan Garibaldi

Key Terms

time charter agreement, Termination Option Agreement, liquefied natural gas bunkering vessel, emerging growth company

4 terms

time charter agreement financial

"entered into a time charter agreement dated December 12, 2025"

A time charter agreement is a contract where a shipowner rents a vessel to a charterer for a set period in exchange for regular payments, while the owner keeps responsibility for the crew and upkeep and the charterer decides where the ship goes and pays fuel and port costs. For investors, time charters matter because they turn a ship into a predictable income stream or liability depending on market freight rates, affecting revenue stability, cash flow visibility and asset utilization risk.

Termination Option Agreement financial

"entered into a Termination Option Agreement granting the Owners an option"

liquefied natural gas bunkering vessel technical

"for the time charter of the liquefied natural gas bunkering vessel Seaspan Garibaldi"

emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What agreement did Stabilis Solutions (SLNG) disclose as terminated?

Stabilis disclosed that Stabilis GDS, its wholly owned subsidiary, had its time charter agreement for the liquefied natural gas bunkering vessel Seaspan Garibaldi terminated. The owner exercised a termination option, ending the charter effective June 24, 2026, under a previously signed Termination Option Agreement.

What termination payments is Stabilis Solutions (SLNG) required to make?

Stabilis GDS must pay an early termination fee of $750,000 to the vessel owners and also pay approximately $1.1 million of previously accrued amounts under the charter. The accrued amounts are scheduled to be paid in two installments during the third quarter of 2026.

When is the $750,000 termination fee due for Stabilis Solutions (SLNG)?

The early termination fee of $750,000 owed by Stabilis GDS to the vessel owners is due on January 1, 2027. This payment arises from the termination of the time charter for the LNG bunkering vessel Seaspan Garibaldi after the owners exercised their option.

How much accrued charter expense does Stabilis Solutions (SLNG) still owe?

In addition to the $750,000 termination fee, Stabilis GDS owes approximately $1.1 million in amounts that had already accrued under the time charter. These accrued obligations are to be paid in two installments during the third quarter of 2026, following the charter termination.

When did the Seaspan Garibaldi charter termination become effective for SLNG?

The charter for the liquefied natural gas bunkering vessel Seaspan Garibaldi terminated effective June 24, 2026. This followed the vessel owner’s exercise of a termination option granted under a Termination Option Agreement signed earlier between Stabilis GDS and the owners.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/25/2026 - 04:07 PM

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): June 24, 2026

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)

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 1.02 Termination of a Material Definitive Agreement.

As previously disclosed, Stabilis GDS, Inc. (“Stabilis GDS”), a wholly-owned subsidiary of Stabilis Solutions, Inc. (“Stabilis” and, together with Stabilis GDS, the “Company”), entered into a time charter agreement dated December 12, 2025 (as subsequently amended, the “Charter”) with Seaspan Energy Ltd. (the “Owners”) for the time charter of the liquefied natural gas bunkering vessel Seaspan Garibaldi.

On June 11, 2026, Stabilis GDS and the Owners entered into a Termination Option Agreement granting the Owners an option to terminate the Charter. On June 24, 2026, the Owners exercised that option, and the Charter terminated effective June 24, 2026.

In connection with the termination, Stabilis GDS is obligated to pay the Owners an early termination fee of $750,000, due January 1, 2027, as well as certain amounts that had previously accrued under the Charter totaling approximately $1.1 million payable in two installments during the third quarter of 2026.

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: June 25, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Stabilis ends LNG charter, assumes termination costs

Rhea-AI Filing Summary