Stabilis Solutions - SLNG STOCK NEWS

Stabilis Solutions (NASDAQ: SLNG) announced the departure of President and CEO Westervelt T. 'Westy' Ballard, Jr., effective January 31, 2025. Executive Chairman and majority shareholder J. Casey Crenshaw has been appointed as interim President and CEO, and will lead the search for a permanent CEO replacement.

Ballard will continue serving in a consulting capacity through the end of 2025 to ensure a smooth transition. The change comes as Stabilis, a leader in the small-scale LNG market, prepares for its next phase of strategic growth. The company remains focused on delivering last-mile LNG production, storage, transportation, and fueling solutions across established and emerging markets.

Crenshaw, who co-founded Stabilis in 2013 with his wife Stacey, currently serves as President & CEO of The Modern Group, a privately-held conglomerate of diversified businesses headquartered in Beaumont, Texas.

Stabilis Solutions (NASDAQ:SLNG) reported strong Q3 2024 results with significant improvements across key metrics. The company achieved a 22% year-over-year increase in LNG sales volumes and improved net income by $1.2 million. Adjusted EBITDA reached $2.6 million, up $2.0 million year-over-year, while cash flow from operations increased 73% to $2.6 million. The company's strategic transformation led to 68% of Q3 revenues coming from contracted agreements, up from 43% in Q3 2023. Revenue mix in marine and aerospace markets grew from 11% to 40% year-over-year. The company maintains $15.6 million in cash and credit availability as of September 30, 2024.

Stabilis Solutions (NASDAQ:SLNG) has scheduled its third quarter 2024 earnings release for Wednesday, November 6, 2024, after U.S. markets close. The company will host a conference call on Thursday, November 7, 2024, at 9:00 a.m. ET to discuss financial results and conduct a Q&A session. Investors can access the webcast through the company's Investor Relations website, with live teleconference participation available via domestic (800-274-8461) and international (203-518-9814) lines. A replay will be available through November 14, 2024.

Stabilis Solutions (NASDAQ:SLNG) reported strong Q2 2024 results, with LNG volumes delivered up 45.3% year-over-year. Key highlights include:

- Record Q2 Adjusted EBITDA of $2.1 million, up $2.2 million YoY
- Cash flow from operations increased 32.3% YoY to $5.0 million
- $15.9 million in cash and credit availability
- Net cash positive balance sheet

The company is expanding storage capacity at its Texas liquefaction plant, executed its first LNG bunkering operation in Galveston, and is planning the first dedicated LNG bunkering facility on the U.S. Gulf Coast. Stabilis also extended a major LNG supply contract and is growing its aerospace customer base, expecting a 76% increase in aerospace-related volumes in 2024.

Stabilis Solutions (NASDAQ:SLNG), a provider of clean fueling solutions, has announced its second quarter 2024 earnings release and conference call schedule. The company will release its Q2 2024 results after U.S. markets close on Wednesday, August 7, 2024. A conference call to discuss the results is scheduled for Thursday, August 8, 2024, at 9:00 a.m. ET.

Investors can access the webcast through the company's Investor Relations website. For those participating in the live teleconference, domestic callers can dial 888-506-0062, while international callers should use 973-528-0011, with the Conference ID: 300549. A replay of the call will be available until August 15, 2024, accessible via 877-481-4010 (domestic) or 919-882-2331 (international) with Replay ID: 50991.

Stabilis Solutions, Inc. reported strong first-quarter 2024 results with an 8% increase in LNG volumes delivered, $1.5 million net income (up 36% YoY), $3.9 million cash flow from operations, $12.6 million cash and availability under credit agreements, and a net leverage ratio of 0.1x as of March 31, 2024. The company focused on long-term contractual relationships for growth, expanding bunkering operations, and capitalizing on infrastructure investment cycles. Stabilis remains well-positioned for profitable growth.

Stabilis Solutions, Inc. announces the extension of its LNG supply agreement with a global provider of industrial power solutions, enhancing its role in providing clean fuel and power solutions for clean energy installations. The agreement extends until June 2025, with Stabilis supplying up to 9.5 million gallons of LNG for grid resiliency power along the Gulf Coast. Stabilis anticipates growth in demand for its power solutions from sectors like data centers and manufacturing, positioning the company for future success in the evolving energy landscape. Management emphasizes the importance of their role in providing on-demand and redundant power solutions to support the increasing stress on the U.S. electrical grid.

Stabilis Solutions, Inc. announces its first quarter 2024 conference call and webcast date. The company will release its results on May 7, 2024, and hold a conference call on May 8, 2024, to discuss financial results, recent events, and conduct a Q&A session. The webcast will be available on the company's website. Details for live participation and replay are provided in the press release.

Stabilis Solutions, Inc. (SLNG) expects significant growth in demand for high-purity LNG fuel from the commercial space launch market. The U.S. is witnessing a surge in commercial rocket launch activity, with Stabilis positioned as a key supplier of next-generation fuel. The company anticipates a 40% increase in aerospace market-related volumes in 2024, with domestic demand for high-purity LNG projected to rise by 65% over the next five years. Stabilis aims to solidify its position as a leading provider of clean energy solutions for the space industry.