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Stabilis Solutions Inc is an energy transition company that provides turnkey clean energy production, storage, transportation, and fueling solutions using liquefied natural gas (LNG) to multiple end markets. The company offers LNG solutions to customers in various sectors, including aerospace, agriculture, energy, industrials, marine bunkering, mining, pipeline, remote power, and utility markets. It earns revenue by selling and delivering LNG to clients, renting cryogenic equipment, and offering engineering and field support services. With operations in the United States and Mexico, Stabilis Solutions is at the forefront of the clean energy revolution.
Stabilis Solutions, Inc. (NASDAQ:SLNG) reported its financial results for Q4 and full year 2022. Q4 revenues rose to $29.6 million, up 15% sequentially and 42% year-over-year, driven by increased LNG deliveries and higher natural gas prices. Net income for Q4 reached $0.2 million, a decrease from $1.0 million in Q3 2022 but an improvement from a loss of $2.3 million in Q4 2021. For the full year, revenues totaled $98.8 million, a 43% increase from 2021, with a reduced net loss of $1.2 million compared to $7.6 million the previous year. Adjusted EBITDA for 2022 was $9.6 million. The company sees potential for market expansion in 2023.
Stabilis Solutions (NASDAQ:SLNG) is set to release its fourth quarter and full year 2022 financial results on March 8, 2023, post-market. This announcement will be followed by a conference call scheduled for March 9, 2023, at 10:00 a.m. ET. Investors can access the call via dial-in numbers for both the US and international callers, as well as through a webcast. Stabilis Solutions specializes in clean energy solutions, catering to various market needs. For further information, visit www.stabilis-solutions.com.
Stabilis Solutions reported a 45% revenue increase to $25.8 million for Q3 2022 compared to the same period last year.
Net income from continuing operations was $1.0 million, a significant recovery from previous losses.
Adjusted EBITDA improved to $2.3 million from $1.4 million year-over-year. The company divested its Brazilian operations to focus on growth areas such as aerospace and marine bunkering, which accounted for 23% of Q3 revenue.
Stabilis Solutions (NASDAQ:SLNG) will release its Q3 2022 financial results on November 2, 2022, after the market closes. A conference call is scheduled for November 3, 2022, at 10:00 AM ET. The call will provide insights into the company's performance in the clean energy sector, focusing on production, storage, and delivery solutions across North America. Investors can participate via a dedicated dial-in number or access the webcast online. For further details, visit the company’s website.
Stabilis Solutions, Inc. (NASDAQ:SLNG) has secured authorization from the U.S. Department of Energy to export up to 51.75 billion cubic feet of domestically produced liquefied natural gas (LNG) annually. This approval allows Stabilis to export LNG to both free trade and non-free trade countries for a term of 28 years. The company's CEO, Westy Ballard, emphasized the significance of this approval in addressing the current energy crisis and aiding the transition to cleaner energy sources.
Stabilis Solutions, Inc. (NASDAQ: SLNG) announced the successful bunkering of liquefied natural gas (LNG) for Pasha Hawaii's container ship MV George III in Long Beach, CA. Collaborating with West Coast Clean Fuels, Stabilis provided vital services such as project management and engineering. The operation is aimed at reducing emissions for shipping routes on the West Coast, significantly contributing to regional air quality improvement. The MV George III will bunker biweekly at Long Beach, leading the way for Pasha's plans to deploy additional LNG-powered vessels.
Stabilis Solutions (NASDAQ:SLNG) will release its Q2 2022 financial results on August 10, 2022, post-market close. A conference call is scheduled for August 11, 2022, at 10:00 AM ET to discuss the results. Stabilis is focused on providing clean energy solutions using liquefied natural gas (LNG) across North America. For further details, dial-in information, or to access the webcast, please visit their official website.
Stabilis Solutions (NASDAQ:SLNG) reported strong financial results for Q1 2022, with revenues of $23.0 million, an increase from the previous quarter. The LNG segment generated $20.3 million while the power delivery segment contributed $2.8 million. The company's net loss narrowed to $0.4 million from $2.3 million in Q4 2021. Adjusted EBITDA rose to $2.0 million, reflecting efficiency improvements and effective project management. Stabilis is also witnessing growing demand in sectors like aerospace, while maintaining a liquidity of $4.5 million.
Stabilis Solutions (NASDAQ:SLNG) will release its Q1 2022 financial results on May 4, 2022, after market close. A conference call is scheduled for May 5, 2022, at 10:00 a.m. ET. This event will provide insights into the company's financial performance, focusing on its role in the clean energy sector, particularly through liquefied natural gas (LNG) solutions.
Investors can join the call via phone or webcast. This announcement signals Stabilis's commitment to transparency and investor engagement.
Stabilis Solutions, Inc. (NASDAQ:SLNG) reported strong financial results for the fourth quarter and full year ending December 31, 2021. Fourth-quarter revenues reached a record $23.7 million, up 21% from Q3 2021 and 73% from Q4 2020, driven by increased LNG deliveries and rising natural gas prices. Full-year revenues totaled $77.2 million, an 86% increase compared to 2020. However, the company recorded a net loss of $7.8 million for 2021. Management is optimistic about future growth, citing new commercial strategies and expansion into promising sectors.
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