Stabilis Solutions - SLNG STOCK NEWS

Stabilis Solutions (NASDAQ:SLNG) reported record revenues of $19.7 million for Q3 2021, reflecting an increase of 118% year-over-year and 23% from Q2 2021. The LNG segment contributed $17.8 million, while power delivery generated $1.9 million. Despite revenue growth, the company recorded a net loss of $4.6 million and an EBITDA loss of $2.0 million, impacted by $3.0 million in special items. Stabilis aims to continue expanding its customer base and enhancing its product offerings under CEO West Ballard's leadership.

Stabilis Solutions (NASDAQ:SLNG) will release its Q3 2021 financial results on November 10, after market close, followed by a conference call on November 11 at 10:00 a.m. ET. The company specializes in energy transition services, providing liquefied natural gas (LNG) and hydrogen solutions across North America, aimed at reducing emissions and offering cost-effective energy options. For access details, dial +1 888-506-0062 in the U.S. and Canada, or visit the webcast link provided.

Stabilis Solutions (NASDAQ:SLNG) has signed a Memorandum of Understanding with the Port of Port Arthur to establish LNG as a marine fuel source. This agreement allows Stabilis to offer turnkey LNG fueling solutions for vessels at the Port, marking the fifth LNG marine bunkering location along the Gulf Coast. Fueling services are expected to commence in early 2022, utilizing Stabilis' mobile cryogenic assets. The partnership highlights a commitment to sustainable fueling options, enhancing the Port's operational capabilities and supporting the regional economy.

Stabilis Solutions (NASDAQ:SLNG) has announced a partnership with the Cameron Parish Port in Louisiana through a Memorandum of Understanding to establish LNG marine bunkering services. This collaboration marks Stabilis' fourth LNG bunkering location on the Gulf Coast. The plan includes providing turnkey LNG fueling solutions, utilizing mobile cryogenic assets, and ensuring availability of services by the end of 2021. The initiative aims to support the growing demand for LNG as a marine fuel, aligning with sustainability goals.

Stabilis Solutions (SLNG) has entered into a Memorandum of Understanding with Port Isabel Logistical Offshore Terminal (PILOT) to establish LNG as a marine fuel at the Texas port. This collaboration marks Stabilis' third LNG marine bunkering site on the Gulf Coast. The agreement involves turnkey LNG fueling solutions for marine vessels, including dock space identification and necessary permits. LNG bunkering services are set to begin in early 2022, utilizing Stabilis' mobile cryogenic assets and LNG from its George West facility.

Stabilis Solutions (NASDAQ:SLNG) has appointed Westervelt T. Ballard, Jr. as its new president and CEO, effective August 23, 2021. He replaces James C. Reddinger, who has resigned. Ballard joins from Superior Energy Services, where he held multiple leadership roles. Stabilis' founder, J. Casey Crenshaw, will become the non-executive chairman. Ballard expressed excitement about leading the company to capitalize on new energy market opportunities, particularly in LNG and hydrogen solutions.

Stabilis Solutions (NASDAQ:SLNG) reported record second quarter revenues of $16.1 million, marking a 221% increase year-over-year. The company delivered 13.7 million gallons of LNG, a 197% increase compared to the prior year. Stabilis acquired an LNG production facility in Port Allen, Louisiana, increasing capacity by 30%. The company signed MOUs for LNG marine fueling infrastructure with the Port of Corpus Christi and Galveston Wharves. Despite the growth, net income showed a loss of ($1.0 million), though improved by $2.4 million compared to the previous year.

Stabilis Solutions (NASDAQ:SLNG) has signed a Memorandum of Understanding with the Galveston Wharves to provide liquefied natural gas (LNG) fueling services for marine vessels. This partnership aims to establish LNG as a marine fuel at the Port of Galveston, enhancing environmental compliance and operational efficiency for ship operators. Stabilis will leverage its mobile cryogenic assets and liquefaction facilities in Texas and Louisiana to facilitate these services, which are expected to launch in 2021. The global demand for LNG as marine fuel is projected to grow at a 30% annual rate, from 1.0 million tons in 2020 to 4.0 million tons by 2024.

Stabilis Solutions (NASDAQ:SLNG) will release its Q2 2021 financial results on August 4, 2021, post-market. A conference call is scheduled for August 5, 2021, at 10:00 a.m. ET. As a leading provider of energy transition services, Stabilis specializes in liquefied natural gas (LNG) and hydrogen fueling solutions, having delivered over 250 million gallons of LNG in its 16-year history. The company aims to provide cleaner fuel alternatives to various sectors including industrial and transportation.